Central Bank Data Suggests Credit Suisse Repaid part of its Emergency Liquidity

Central Bank Data Suggests Credit Suisse Repaid part of its Emergency Liquidity

Data released on Tuesday indicated that Credit Suisse Group AG (NYSE: CS) has repaid a portion of the emergency liquidity provided by the Swiss National Bank (SNB), which suggests that the liquidity crisis that led to the bank’s decline is subsiding. According to data published by the central bank, sight deposits, which refer to cash…

Global Economy Faces Headwinds Due to Banking Troubles, says IMF

Global Economy Faces Headwinds Due to Banking Troubles, says IMF

The International Monetary Fund (IMF) stated on Tuesday that the global economy is cooling and facing multiple risks, including the volatile banking sector, high inflation, and rising interest rates. According to the latest World Economic Outlook report from the IMF, total economic output is expected to rise by 2.8% this year, representing a deceleration from…