May 11, 2023/Bank of England Monetary Policy Summary, May 2023 The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 10 May 2023, the MPC voted by […]
Money Market
ACCESSCORP Subsidiary Gets Approval from Central Bank of Angola to Acquire Majority Stake in Finibanco S.A
May 3, 2023/NGX Further to its announcement on October 4, 2022, on the expansion plan to acquire a majority equity stake in Angolan-based Finibanco S.A., Access Holdings confirmed to the exchange today that “its flagship subsidiary, Access Bank Plc, has received regulatory approval from the Central Bank of Angola: Banco […]
FDIC looks to change deposit insurance policy following First Republic Bank failure
May 2, 2023/Fox Business The Federal Deposit Insurance Corporation (FDIC) is seeking to reform its deposit insurance system in the wake of recent instability at multiple U.S. banks. FDIC, a state-owned corporation responsible for insuring commercial and savings banks, is proposing three possible restructuring plans for future operations. “The recent […]
