A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashed.
A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashed
Unfortunately for US banks, their 2023 winning streak petered out in the fourth quarter, resulting in disappointing earnings overall to finish off the year, though some fared much better than others. Banking leaders are hopeful for a 2024 turnaround, but much will depend on central banks’ policy manoeuvrers and geopolitical developments.
The Bangladesh Bank has introduced currency swaps with banks for the first time, a move that will enable the country to meet the net reserve condition set by the International Monetary Fund (IMF) with its $4.7 billion loan programme.