HSBC, StanChart raise prime rate for first time since 2018Thursday 22 September 2022
HSBC Holdings and Standard Chartered raised their main lending rate in Hong Kong for the first time in 4 years, bumping up borrowing costs for property owners and businesses at a time when the economy is struggling with Covid restrictions and an exodus of talent.
Standard Chartered, Taulia ink MOU to offer supply chain finance solutionsThursday 22 September 2022
Both parties will offer supply chain finance and dynamic discounting solutions.
Big U.S. banks' prime rate soars to highest since financial crisisThursday 22 September 2022
Three major U.S. banks said on Wednesday they will hike their prime lending rates by 75 basis points, bringing the rates to their highest since the global financial crisis of 2008.
Bank regulators resist joining climate fightThursday 22 September 2022
Using capital rules to combat global warming could hamper Europe’s energy crisis response, Fitch says.
Bank of England raises rates but avoids bolder hike like FedThursday 22 September 2022
The bank matched last month’s half-point increase to bring its benchmark rate to 2.25%.