Central bank should cut rates pre-emptively
The Bank of England must move quickly to cut interest rates “preemptively” because the UK is “in the last half mile of inflation,” Bank of England (BoE) policymaker Alan Taylor…
Italian Bank Intesa Sanpaolo Enters the Crypto Market with a Bitcoin Purchase
Intesa Sanpaolo bought 11 Bitcoins worth a total of 1 million euros. The acquisition price ranged between 89,000 and 91,000 euros per bitcoin. Intesa Sanpaolo, Italy’s largest banking group, has…
Investment bank Jefferies’ profit more than triples: CEO says the ‘cherry on top’ is that ‘financial stars are aligning’ after crippling inflation
The company cites increased interest in mergers and acquisitions and upbeat markets to put it in the “best position ever” in the company’s 62-year history. Read more