Browsing: banking sector

Egypt’s central bank says remittances from citizens abroad rose 40.5% in 2025 to a record $41.5bn, up from $29.6bn in 2024.

Wall Street cut about 10600 jobs in 2025 as major US banks reduced headcount to the lowest level since 2021 marking the biggest annual decline since 2016.

U.S. credit card stocks fell after Donald Trump backed a 10 percent interest rate cap raising investor concern over margins lending models and regulatory risk.

China keeps one-year and five-year loan prime rates steady in December, maintaining stable borrowing costs and consistent credit market conditions.

The European Commission has sued Austria and six other EU nations for failing to implement the Non-Performing Loans Directive, pushing for financial sanctions.