Following three consecutive reports of higher-than-expected inflation, Federal Reserve officials have become increasingly cautious about the possibility of reducing interest rates this year. This Wednesday, the Fed will hold its latest meeting, and the burning question now is whether they will continue to signal any rate cuts for 2024. Federal Reserve Chair, Jerome Powell, recently … Ler mais
The Nigeria Deposit Insurance Corporation (NDIC) has lent its support to the proposed banking recapitalization, emphasizing the necessity for larger banks to align with Nigeria’s ambition of reaching a $1 trillion economy. During a press briefing at the annual workshop organized for Business Editors and Finance Correspondents in Owerri, Imo State, Mr. Bello Hassan, the … Ler mais
Montepio’s general meeting today approved a 1.2 billion euro reduction in the bank’s share capital to “cover negative retained earnings”, according to a statement published in the Portuguese Securities Market Commission (CMVM). Caixa Económica Montepio Geral said that the meeting approved all points that were being voted on, starting with “reformulation of the equity items … Ler mais