On the sidelines of the World Economic Forum in Davos, Switzerland, UBS CEO Ralph Hamers said 2023 will be “the year of inflection” for the global economy.
Japan’s central bank will meet this week amid soaring bond yields and a strong yen, with some economists expecting it to scrap its yield curve control policy.
Citigroup reported fourth-quarter earnings on Friday. Here’s how they did.
The CEO’s statement mirrors the earnings report for JPMorgan Chase, whose economic outlook calls for “a mild recession in the central case.”
The hard-learned lessons from the 2008 financial crisis allowed Bank of America to earn its position as the second-largest bank in the United States.
Global markets were jolted overnight after Japan unexpectedly raised the cap on 10-year Japanese government bond yields, sparking a sell-off in bonds and stocks.
The BOJ’s monetary meeting concluded Tuesday with no change to its current ultra-low interest rate at -0.1%, a stance it’s held since 2016.
The central bank’s Monetary Policy Committee voted 6-3 in favor of the half-percentage point hike.
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