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News Articles: central bank

The company logo is seen at the global headquarters of Swiss bank Credit Suisse in Zurich, Switzerland.

Tagged as: 

  • Business

Credit Suisse shares soar after the bank secures a $54 billion lifeline

Shares of the Swiss banking giant rallied significantly Thursday after Switzerland's central bank agreed to lend it $54 billion.

March 16, 2023
|
By:
  • Willem Marx
FILE - Yi Gang, governor of the People's Bank of China, speaks during a press conference at the State Council Information Office in Beijing, on March 3, 2023. China on Sunday, March 12, reappointed Yi as head of the central bank in an effort to reassure entrepreneurs and financial markets by showing continuity at the top while other economic officials change.

Tagged as: 

  • Asia

China has reappointed its central bank governor, when many had expected a change

China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets.

March 12, 2023
|
By:
  • The Associated Press
Traders work on the floor of the New York Stock Exchange (NYSE) on September 23, 2022 in New York City.

Tagged as: 

  • Business

A bad year for Wall Street gets even worse, as stock markets finish September down

Amid heightened uncertainty about the global economy, all three U.S. indexes are in a bear market as the third quarter comes to a close.

October 01, 2022
|
By:
  • David Gura
People wait at the Bank of England in London, Thursday, Aug. 4, 2022.

Tagged as: 

  • Economy

The Bank of England predicts a lengthy recession at the end of the year

Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.

August 05, 2022
|
By:
  • The Associated Press
Homeownership feels out of reach for many Americans.

Tagged as: 

  • Economy

As interest rates rise, the 'American dream' of homeownership fades for some

Rising interest rates and fierce competition are pushing many potential homeowners out of the market, leading one person to conclude: "I feel like the American dream isn't attainable anymore."

July 30, 2022
|
By:
  • Karen Zamora and
  • Christopher Intagliata
Federal Reserve Chair Jerome Powell maintains the central bank has the tools it needs to bring high inflation under control.

Tagged as: 

  • Economy

As Fed battles inflation demon with aggressive rate hikes, economy hangs in balance

The Federal Reserve is expected to raise its benchmark interest rate by another three-quarters of a percentage point amid fears of a looming recession.

July 27, 2022
|
By:
  • David Gura

Tagged as: 

  • Business

Job cuts are rolling in. Here's who is feeling the most pain so far

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.

June 29, 2022
|
By:
  • David Gura

Tagged as: 

  • Politics

Who is the real Elvira Nabiullina?

Russian central bank chief Elvira Nabiullina has cultivated the image of a nerdy, opera-loving technocrat, trapped in place by Putin's decision to go to war in Ukraine. It's not that simple.

April 19, 2022
|
By:
  • Paddy Hirsch

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