Central Bank decides on interest rates — and Trump will be unhappy with it
Federal Reserve Decides on Interest Rates The U.S. Federal Reserve has made a decision regarding interest rates, and it seems President Donald Trump might not be pleased with it. The governors opted to maintain overnight bank rates at their current levels, which sit between 3.5% to 3.75%. This decision came despite calls to lower rates. […]
Central Bank Keeps Interest Rates Unchanged
The US Federal Reserve (Fed) opted to maintain its short-term interest rate target during a recent meeting. The decision to keep the benchmark federal funds rate steady at 3.5% to 3.75% was made with an 11-1 vote. Notably, Fed Director Steven Milan, who stepped in last year for an unanticipated vacancy, was the sole dissenting […]
UAE Central Bank introduces a support plan for banks during the Iran conflict
Live updates: Latest news on USA-Iran conflict The Central Bank of the UAE has approved a set of recovery measures aimed at stabilizing the banking sector amid ongoing conflicts in the Middle East. According to the board of the CBUAE, this initiative seeks to bolster the UAE’s banking sector “given the exceptional global and regional […]
EUR/USD Price Prediction: Stabilizing under the 200-hour SMA/1.1550 before central bank events
The EUR/USD pair has had a tough time capitalizing on this week’s recovery, bouncing back from the 1.1415-1.1410 range, which marks the lowest point since August 2025. Currently, it’s fluctuating in a tight range during the Asian session on Wednesday, trading just below the mid-1.1500s. Traders seem to be holding back, likely waiting for the […]
Bank of Ireland will shut down its New York office this year as it exits the US leveraged finance market.
Bank of Ireland to Shut Down Three U.S. Offices The Bank of Ireland plans to close three of its offices in the U.S. by the end of next year, affecting 34 jobs. This follows a decision made last month to wind down its leveraged acquisition finance division in the country. A representative for the bank […]
Australia’s central bank raises interest rates to a nearly 1-year high due to inflation concerns from the Iran war
Australia’s Central Bank Increases Benchmark Interest Rate On Tuesday, the Reserve Bank of Australia (RBA) lifted its benchmark policy rate for the second consecutive time, now reaching 4.1%. This marks the highest point since April 2025, amid ongoing inflation concerns. The recent 25 basis point increase aligns with analyst projections from a Reuters survey. Australia’s […]
Bank of America resolves lawsuit from victims of Jeffrey Epstein
Bank of America has reached a settlement in a civil lawsuit initiated by women who alleged that the bank played a role in facilitating sexual abuse by Jeffrey Epstein, as indicated in court records on Monday. During a phone conversation on March 12, attorneys for both the bank and the women informed U.S. District Judge […]
Forex Today: US Dollar and Oil gains slow down as major central bank week begins
Here’s a brief overview for Monday, March 16th. Crude oil prices began on a high note but then saw a gradual decline, while the United States dollar (USD) index managed to regain some ground after a more than 1.5% rise the previous week. Statistics Canada is set to publish the consumer price index (CPI) for […]
Bank shares have faced a significant decline this year. Two of our selections may withstand the challenges.
Financial Stocks Face Uncertainties Amid War and AI Disruptions This year, several factors are casting doubts over financial stocks—specifically, the ongoing conflict with Iran, potential disruptions caused by AI, and challenges in private credit markets. While stocks of major players like Goldman Sachs and Wells Fargo are trending downwards, their fundamental business models should generally […]
Billy Beale steps down as CEO of Blue Ridge Bank; interim leader designated
Billy Beal Steps Down as CEO of Blue Ridge Bank After nearly three years back in action, Billy Beal has decided to leave his position as CEO of Blue Ridge Bank, effective March 6. The bank, based in Henrico County, announced this transition on Thursday. Harry Golliday, currently serving as the chief credit officer, will […]