banks

Richard Drew When the Fed raises interest rates, banks' net interest income generally rises. So, when the central bank eases monetary policy, it makes sense that banks' net interest income will fall. But it's more complicated than that,…

Mizrahi Tefahot Bank, Israel’s third-largest bank, reported a net profit of NIS 1.45 billion in the second quarter, up 3.4% from the same quarter in 2023. Mizrahi Tefahot is the second bank to report an increase in…

Discount Bank, Israel’s fourth-largest bank, reported a 12.6% drop in second-quarter profits compared to the second quarter of 2023, to NIS 1.04 billion. Return on equity for the quarter was 14.1% year-on-year, down from…

In the current economic climate, central banks around the world are considering or are already cutting interest rates. This decision is not without controversy, with some critics arguing that such moves may be ineffective in preventing…

In a surprise move, the central banks of Norway and Switzerland have emerged as significant shareholders in MicroStrategy, a Virginia-based business intelligence firm. The development has sparked speculation about…

By Tom Sims FRANKFURT (Reuters) - Deutsche Bank has made a settlement offer to shareholders suing Germany's largest lender over unpaid fees for its acquisition of Postbank, the plaintiffs' lawyer said on Friday. Lawyer Jan Bayer (OTC:)…

Commercial banks have increased their reliance on the Central Bank of Kenya for liquidity support this year as the sector pays the price of low government payments and high interest rates that have made it costly to mobilize deposits from…

Justin Sullivan/Getty Images News SVB Financial Group (OTC:SIVBQ), the former parent company of failed Silicon Valley Bank, received permission from a U.S. judge on Friday to distribute its assets to its creditors and close its…

By Dietrich Knuth NEW YORK (Reuters) - SVB Financial Group, the former owner of failed Silicon Valley Bank, received permission from a U.S. judge on Friday to hand over its assets to creditors and end its bankruptcy. Its bankruptcy…

The sector’s regulator has revealed that commercial banks have deployed artificial intelligence technologies to spy on their employees in a new effort to combat fraud and theft spread by insiders. Fast-growing artificial intelligence…