Friday, July 5, 2024

Banks

IMF approves $2.9 billion bailout for Sri Lanka

The bailout, however, came with conditions, including a requirement for a debt restructuring plan that must be agreed upon by all creditors by June.

Credit Suisse crisis and Silicon Valley Bank collapse — what you need to know?

The stability of the US banking system is being questioned after 2 of the 3 largest bank failures in American history over the weekend and the continuously plummeting shares of the mega Swiss bank, Credit Suisse.

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Nearly 30,000 people evacuated as Northern California wildfires spreads amid heatwave

Raging wildfires in northern California has forced nearly 30,000 residents to evacuate as the state endures a brutal heatwave.