RBC is the world’s top financer of fossil fuel development
Royal Bank of Canada was the biggest fossil fuel financer in the world in 2022, with funds reaching $42 billion,…
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JPMorgan
JPMorgan, other U.S. banks flooded with clients post SVB crash
A huge number of customers have applied to shift accounts to large U.S. banks such as JPMorgan Chase &Co. and…
Global debt sees first annual drop in 8 years
Global economy’s debt has its first annual drop in dollar terms since 2015, in light of the post-pandemic recovery…
Hisham Ezz Al-Arab is back to CIB bank as non-executive member
Hisham Ezz Al-Arab has returned to the Commercial International Bank (CIB-Egypt) as non-executive member of its…
U.S. Fed raises interest rates again by 75 points to fight inflation
The U.S. Federal Reserve has decided on Wednesday to raise interest rates by 75 basis points for the fourth…
JP Morgan reviews Egypt inclusion in its GBI-EM indexes
JPMorgan is studying the possibility of including Egypt in its widely tracked Government Bond Index Emerging…
Egypt says has sold $5 billion in three tranches of bonds
Egypt has on Thursday sold $5 billion in bonds in three tranches with maturities of four, 12, and 30 years, a…
JPMorgan sees US economy shrink by 40% in Q2, unemployment 20%
JPMorgan is now foreseeing a 40% decline in US gross domestic product for the second quarter and a surge in April’s…
S&P can return to records early next year if the US stop coronavirus spread: JPMorgan
The S&P 500 could return to record highs by early next year if U.S. efforts to contain the coronavirus outbreak…
JPMorgan warns of rise in emerging market sovereign distressed debt
More emerging countries will be hit by debt woes in 2020, curbing the returns for the JPMorgan index of…
