Economic

Bank insurance: The financial armour of protection for bank deposits in the US

Bank insurance (bancassurance) is a vital system administered by the Federal Deposit Insurance Corporation (FDIC) to protect individuals’ savings in US financial institutions. Established in 1933 in response to the…

Bank and White House tussle: Fed prepares to cut interest rates

US Fed hints at flexible monetary policy, seeks interest rate cuts: A senior Federal Reserve official suggested that the tightening of US labor market indicators, coupled with the absence of…

Oil Prices Jump amid Rising Concerns over Impact of US Tariffs

After declining more than 1% in the previous session, oil prices returned to rising, as investors try to assess the implications of new US tariffs. These high tariffs have raised…

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