Banking

CEO Bank of America Brian Moynihan Predicts No Interest Rate Cuts in 2023

6 days ago

Bank of America CEO Brian Moynihan expressed confidence that there will be no cuts in interest rates in the current year of 2023. During a recent interview, he noted that the economic environment in the country remains challenging, and it is expected that the Central Bank will continue to adhere to a tight monetary policy. According to him, rising inflation and complicated supply chains leave little basis for lowering rates in the near future.

Simplifying VPN Use Without Disrupting Your Banking Apps

4 months ago

With the rising popularity of virtual private networks (VPNs), users are encountering an issue where their banking apps do not function properly when the VPN is turned on. This is crucial as banks implement various security measures to protect client data and prevent fraud. In a recent study, experts shared several tips on how to use a VPN without negatively impacting banking app functionality.

Wall Street Bonuses Expected to Rise for the First Time Since 2021

5 months ago

According to recent reports, bonuses for workers in the financial sector on Wall Street are expected to rise this year for the first time since 2021. This is attributed to a favorable economic environment and an increase in company profits. Estimates suggest that the average bonus size may increase by 5% this year, marking a significant improvement compared to previous years. In particular, the stock market and investments in risky assets have contributed to this growth, while the profitability of financial institutions has also shown positive changes.

Banks Gain Access to Key Jobs Revisions Data Amid Report Delay

7 months ago

According to recent reports, it has come to light that banking institutions have managed to obtain access to data concerning revisions of key employment indicators. This occurred against the backdrop of a delay in the publication of the official report, which was supposed to reveal the current state of employment in the country. This situation has become a matter of discussion among analysts and economists, who express concerns regarding the transparency of the data provided by the market.

Swiss National Bank Cuts Limit for Banks to Earn Full Interest on Deposits

8 months ago

The Swiss National Bank (SNB) has decided to reduce the limit for banks to earn the full interest rate on funds placed in deposits. This new measure comes into effect as the SNB aims to enhance financial stability and improve the effectiveness of monetary policy amidst a changing financial landscape.