Ensuring Financial Stability: Cleveland Fed President Addresses Risks of Real-Time Payment System
Cleveland Federal Reserve President Loretta Mester addressed concerns about the potential risks associated with the U.S. central bank’s new real-time money moving system, FedNow. She emphasized that the system is being designed to prioritize financial stability, especially in times of bank stress. One worry is that FedNow, which enables real-time, round-the-clock payments, could amplify banking […]
Declining Investment and Debt Financing Challenges Start-up Ecosystem in MENA Region
Start-ups in the Middle East and North Africa (MENA) region secured $35.6 million in funding through 45 deals in June 2023, bringing the total funding for the first half of the year to $1.6 billion, according to a report by Wamda. Although May witnessed a significant rebound in investment activity, there was a 92% decrease […]
HDFC Bank Announces Q1 2023 Results and Plans IPO Stake Sale in NSDL After Mega Merger
HDFC Bank, a private lender in India, recently announced that it will release its financial results for the quarter ending June 30, 2023 on July 17. This is a departure from its usual practice of announcing results on Saturdays. The announcement comes shortly after the merger between HDFC and HDFC Bank, one of the largest […]