Barclays Bank has embarked on a significant restructuring process, reducing its global workforce by 5,000. This decision forms part of the bank’s strategic initiative to cut costs and improve profitability. The reduction, affecting a substantial […]
UBS has agreed to buy its rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) in a bid to save the troubled bank from financial collapse. This move comes as Swiss regulators and governments […]
You may have heard in the news this week that the Silicon Valley Bank in the US, a bank which specialised in working with innovators and entrepreneurs, has collapsed. Or in other words, failed. But […]
The People’s Bank of China, China’s central bank, announced this week that they would reduce the current reserve requirement ratio (RRR) to just over 8.4%. A reduction in RRR will allow banks to hold less […]
In an unprecedented move today, the US federal reserve, which controls and coordinates American monetary policy, has announced a cocktail of measures to combat the economic fallout from the coronavirus which utilises almost every weapon […]
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