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World’s Safest Banks 2024: Islamic Banks In GCC

Global Finance

Islamic banks based in the Gulf Cooperation Council (GCC) countries continue to expand their reach, taking on Shariah-compliant transactions in new industries and establishing new strategic partnerships. The Gulf’s Islamic banks look to build on this momentum through strategic partnerships. 5, Dukhan Bank advanced two spots to No.

Banking 105
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“Nobody Knows Anything,” Wall Street Strategist Edition

Barry Ritholtz

It is especially true for strategists and forecasters at large brokers and banks. Consider this December 29, 2024, year-end review in Bloomberg : “By this time last year, the stock markets rally had blown past even the most optimistic targets, and Wall Street forecasters were convinced it couldnt keep up the dizzying pace.

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Wall Street year-end bonuses forecast to jump as much as 35%

CFO Dive

For the first time since 2021, banks are gearing up to give bigger end-of-year bonuses to many employees, Johnson Associates says.

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Fed forecasts three, quarter-point rate cuts in 2024, holds main rate steady

CFO Dive

Central bank officials upgraded their projection for 2024 growth to 2.1% while predicting unemployment will end the year at 4%.

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Fed officials signal more tightening than investors forecast

CFO Dive

A credit squeeze following recent banking system turmoil may prompt policymakers to reduce the main interest rate before the end of 2023, according to investors.

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Powell says Fed may hike rates more than forecast

CFO Dive

Fed Chair Jerome Powell told a Senate committee that reducing inflation to the central bank’s 2% target may not lead to widespread layoffs.

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Core consumer price inflation rises 3.3%, outpacing expectations

CFO Dive

Despite higher-than-forecast price pressures, John Williams, president of the Federal Reserve Bank of New York, said “inflation has come within striking distance of our 2% goal.”