News
Fed and global central bank's move to boost dollar funding
Tuesday 21 March 2023The US Federal Reserve and five other central banks announced coordinated action on Sunday to boost liquidity in US dollar swap arrangements, the latest effort by policymakers to ease growing strains in the global financial system.
UBS to buy Credit Suisse in $3.25bn deal
Tuesday 21 March 2023Switzerland’s biggest bank, UBS, will buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.
Bahrain economy up 4.2pc in Q3
Tuesday 21 March 2023Bahrain’s real economic growth during the third quarter of 2022 reached 4.2% with consumer price index registering an increase of 3.6%.
Major US banks to inject up to $30bn into First Republic Bank
Tuesday 21 March 2023The rescue by top US banks will help First Republic Bank survive the growing impact of the financial crisis triggered by the collapse of Silicon Valley Bank last week.
ING joins Rabobank in cutting trade finance for oil and gas over climate
Tuesday 21 March 2023ING has vowed to trim the volume of oil and gas trading it finances in a bid to reach net zero greenhouse gas emissions by mid-century.
