Latest News & Developments
Brazil's central bank on Wednesday announced its first interest rate hike in two years, raising the benchmark lending rate to 10. 75 percent even as the US Federal Reserve decided to lower borrowing costs.
Indeed, much is expected of the annual meetings in Cape Town, and the world will pay attention to what innovations and strategies will be developed, especially against the backdrop of current global efforts in finance, says the writer.
OPINION: A state bank – which we now know is going to be the Postbank – at least to begin with, can help stimulate meaningful economic growth in the country, writes Trevor Ngwane.
Postbank’s Board of Directors resigned on September 12 ahead of Thursday’s Annual General Meeting of the Postbank.
OPINION The SA Reserve Bank also claims a mandate to protect and enhance financial stability and “identify and mitigate systemic risks,” there are more grounds for scepticism, writes Prof. Patrick Bond.
The downfall of SVB and Signature Bank marked the second and third largest bank failures in US history.