QNB Group, a leading financial institution in the Middle East and Africa, today announced the successful issuance of the largest Qatari riyaldenominated bond issuance executed in the local debt capital markets by a financial institution to date, exclusively offered to international investors.
Goldman Sachs Group has appointed seven new partners to its senior Management Committee, expanding the banks top decision-making body to 46 members, in a move that underscores a major shift toward strengthening its wealth and asset management business.
The announcement follows the banks better-than-expected fourth-quarter earnings, which were reported last week. The strong results were supported by heightened market volatility that boosted trading activity, as well as robust interest income.
The U.S. dollar steadied near a one-month high in global markets, while the Japanese yen fell to its weakest level since July 2024, reflecting diverging currency movements.
The U.S. Treasury said the federal government recorded a 145 billion budget deficit in December, marking a 67% increase, or about 58 billion, compared with the same month last year. The sharp rise was driven by record-high spending, which was inflated by calendar shifts that affected the timing of certain benefit payments and revenue collections.
Officials a number of global central banks issued a joint statement expressing their full support for U.S. Federal Reserve Chair Jerome Powell, stressing the importance of preserving the independence of the Federal Reserve any political pressure.
The threat of criminal prosecution against the Chairman of the U.S. Federal Reserve, Jerome Powell, has sparked a wave of concern in economic and financial circles regarding the central banks independence, amid escalating tensions between the U.S. administration and the Federal Reserve over the course of monetary policy.
Shares of US banks and financial services companies fell in premarket trading ahead of Mondays Wall Street session, following a proposal by President Donald Trump regarding credit card interest rates.
German authorities are investigating one of the largest bank heists in the countrys modern history after thieves stole an estimated 30 million 35.2 million safe deposit boxes at a savings bank in the western city of Gelsenkirchen.
Amid the rapid digital transformation reshaping the financial sector in the United Arab Emirates, First Abu Dhabi Bank FAB, in partnership with Mastercard, has announced the launch of an innovative corporate payments solution based on mobile-first virtual cards. This launch marks a first for the Europe, Middle East and Africa EEMEA region, underscoring the UAEs position as a leading hub for fintech innovation and advanced banking solutions.
Overdraft fee income increased at several large U.S. banks during the first nine months of the year, reflecting a combination of regulatory changes and evolving economic conditions. According to an analysis of regulatory filings by major U.S. retail banks, 14 out of the largest 20 banks reported higher revenues overdraft and non-sufficient funds NSF fees, while two banks recorded notable declines.
Global financial markets saw notable movements today, Monday, as the Japanese yen strengthened ahead of a crucial week during which several major central banks are set to announce interest rate decisions. Investors are also closely watching key U.S. economic data that could influence Federal Reserve policy expectations for the coming year.
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