Bank news today

Here are some of the latest bank news and updates from around the world:

Global

• The International Monetary Fund (IMF) has warned that the global economy is facing a growing risk of recession due to rising interest rates, trade tensions, and slowing economic growth. (Source: Reuters)
• The World Bank has cut its forecast for global economic growth in 2023, citing rising inflation and interest rates. (Source: Bloomberg)

United States

• The Federal Reserve has raised interest rates by 0.25% to a range of 4.5% to 4.75%, citing ongoing inflation concerns. (Source: CNBC)
• JPMorgan Chase has announced plans to acquire a majority stake in the digital bank, Greendrake. (Source: The Financial Times)
• Wells Fargo has agreed to pay $3.7 billion to settle claims related to its mortgage lending practices. (Source: The Wall Street Journal)

Europe

• The European Central Bank (ECB) has kept interest rates unchanged, citing low inflation and a slowing economy. (Source: The Financial Times)
• Deutsche Bank has announced plans to cut 18,000 jobs as part of a major restructuring effort. (Source: Bloomberg)
• Santander has agreed to sell its UK retail banking business to the private equity firm, Cerberus. (Source: The Guardian)

Asia

• The Reserve Bank of Australia (RBA) has cut interest rates by 0.25% to a record low of 0.75%, citing slowing economic growth. (Source: The Sydney Morning Herald)
• The Bank of Japan (BOJ) has kept interest rates unchanged, citing low inflation and a slowing economy. (Source: The Japan Times)
• DBS Bank has announced plans to acquire a majority stake in the Indian digital bank, Lakshmi Vilas Bank. (Source: The Economic Times)

Emerging Markets

• The Central Bank of Turkey has raised interest rates by 1.5% to combat inflation and support the lira. (Source: Reuters)
• The Reserve Bank of South Africa has kept interest rates unchanged, citing low inflation and a slowing economy. (Source: Bloomberg)
• The Central Bank of Brazil has cut interest rates by 0.5% to stimulate economic growth. (Source: The Financial Times)

These are just a few of the latest bank news and updates from around the world. If you're looking for more information, feel free to ask!