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Banking body BIS urges decisive wave of global rate hikes to stem inflation

Banking body BIS urges decisive wave of global rate hikes to stem inflation

© Reuters. FILE PHOTO: Plastic letters arranged to read “Inflation” are placed on U.S. Dollar banknote in this illustration taken, June 12, 2022. REUTERS/Dado Ruvic/Illustration By Marc Jones LONDON (Reuters) – The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to…

European banks ace U.S. Fed’s stress test, show strong capital levels

European banks ace U.S. Fed’s stress test, show strong capital levels

2/2 © Reuters. A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse 2/2 By Michelle Price and Sinead Cruise WASHINGTON/LONDON (Reuters) -The U.S. units of major European lenders including Deutsche Bank (ETR:DBKGn), Barclays (LON:BARC) and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday,…