Banking and Financial Institutions – Page 121

Global Economy Shows Signs of Resilience Despite Lingering Threats

The International Monetary Fund upgraded its global growth forecast for 2023.

By Alan Rappeport Eshe Nelson and Jeanna Smialek

Banking and Financial Institutions China Currency Foreign Investments Pan Gongsheng People's Bank of China Politics and Government Renminbi (Currency)

Pan Gongsheng Named Head of Chinese Central Bank

Pan Gongsheng, who was named governor of the People’s Bank of China after overseeing $3 trillion in reserves, stopped a currency plunge in 2016.

By Keith Bradsher

Banking and Financial Institutions Credit Suisse Group AG Fines (Penalties) Regulation and Deregulation of Industry UBS AG

UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess

The Swiss banking giant, which acquired its rival earlier this year, will cover regulatory fines related to Credit Suisse’s mismanagement in the collapse of the investment firm Archegos in 2021.

By Rob Copeland

Banking and Financial Institutions Consumer Price Index Content Type: Service Coronavirus (2019-nCoV) Interest Rates Personal Finances Recession and Depression Stimulus (Economic) Stocks and Bonds Unemployment United States Economy

The Fed Is Trying to Cure Inflation Without Starting a Recession

Lowering inflation to 2 percent without causing a recession and throwing people out of work would be a rare achievement. The markets are acting as if it has already happened.

By Jeff Sommer

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