ECB’s Centeno sees further gradual rate easing in coming quarters
LISBON (Reuters) – European Central Bank policymaker Mario Centeno predicted on Friday further gradual interest rate cuts in the coming…
China bank lending rises far less than expected, more policy steps needed
By Kevin Yao, Liz Lee BEIJING (Reuters) -New bank lending in China rose by far less than expected in November,…
US equity funds gain sixth weekly inflow on Fed rate cut expectations
(Reuters) – U.S. investors snapped up equity funds for a sixth consecutive week through Dec. 11, spurred by the potential…
Factbox-Big banks expect a quarter-point cut for ECB’s first meeting of 2025
(Reuters) – Major brokerages including Bank of America, Goldman Sachs and Citigroup (NYSE:C) expect the European Central bank to cut…
Bank of Italy cuts growth forecasts for 2024 and 2025
The Bank of Italy has revised its growth projections for the country’s economy, now expecting a 0.7% expansion for both…
Italy to grow by 0.7% this year and next as outlook weakens, central bank says
MILAN (Reuters) – The Italian economy will expand by 0.7% both this year and next, the country’s central bank said…
US watchdog caps bank overdraft fees over industry objection
(Reuters) -The U.S. watchdog agency for consumer finance on Thursday adopted new regulations capping the amount banks can charge for…
US bank profits dip in third quarter, but interest income up – FDIC
By Pete Schroeder WASHINGTON (Reuters) – U.S. bank profits dipped 8.6% in the third quarter of 2024 to $65.4 billion,…
Lagarde comments at ECB press conference
FRANKFURT (Reuters) – The European Central Bank cut interest rates for the fourth time this year on Thursday and kept…
S&P, Nasdaq take breather as markets assess economic data
By Purvi Agarwal and Shashwat Chauhan (Reuters) – The S&P 500 and the Nasdaq slipped on Thursday after ending the…