Judo Bank boss Warren Hogan declares Reserve Bank will hike interest rates three times this year -
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For America’s biggest banks, deposit costs are exceeding interest income. That’s the first time that’s happened since the Federal Reserve began increasing rates two years ago, the Financial Times noted in a report Sunday (April 28) on the phenomenon. Among the lenders in question is Wells Fargo, which paid almost $594 million more in fees to depositors […]
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Danske Bank's Profit Rises 9% Helped by Higher Interest Rates
Danske Bank A/S posted a 9% advance in first-quarter net income, roughly in line with analyst expectations, as higher interest rates improved profitability at Denmark’s largest lender.
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Fed not cutting interest rates, inflation remains at 23-year high
The central bank said that economic activity had continued to expand ‘at a solid pace’ but there had been a ‘lack of further progress’ towards its inflation objective