July 28, 2023/US SEC Thank you, Secretary Yellen. Thank you to all of my colleagues—not only at this table but around the globe—for their hard work putting an end to the London Interbank Offered Rate (LIBOR) LIBOR was an innovation of the 1970s to facilitate businesses borrowing from banks at […]
Updates
UBA Improves Staff Welfare in Quick Response to Rising Cost of Living
Second Pay Rise In 90 Days July 28, 2023/UBA Plc Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its commitment to prioritise the welfare of its staff and their families reflecting the current economic realities and its impact on living conditions. To this end, the bank’s Board […]
ECB Raises Three Key Interest Rates by 25 Basis Points
July 27, 2023/ECB Inflation continues to decline but is still expected to remain too high for too long. The Governing Council is determined to ensure that inflation returns to its 2% medium-term target in a timely manner. It therefore today decided to raise the three key ECB interest rates by […]
