US banks reaped USD 1 tn in windalls from high interest rate environment
Banks are expected to pass some of the recent half-percentage-point rate cuts onto depositors
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Banks are expected to pass some of the recent half-percentage-point rate cuts onto depositors
The rate cut is feared to have been a late move by the Fed to maintain growth momentum
PLUS: Etihad Cargo + SF Airlines set up air cargo logistics JV
The Fed’s updated projections include a further 50 bps rate cut by year end
80% of banks are gathering climate data, but fewer than half are adapting their financing for climate-vulnerable businesses
Sukuk differ from bonds as they rely on an underlying asset to generate returns
The Fed faces pressure to protect growth while rising inequality complicates the path forward
Global exchange traded funds inflows rose to USD 129.7 bn in August
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