Monday, July 8, 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.

Latest News

Keir Starmer becomes UK’s new prime minister as Labour wins UK general election 2024

UK Labour Party Leader Keir Starmer has become prime minister of UK after a ceremonial meeting with King Charles III on July 5, 2024. Starmer has led Labour to secure a landslide victory in the UK’s 2024 general election to end 14 years of Conservative rule.