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ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations

ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing OperationsOn Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms and conditions noting that they need to be “recalibrated.” ECB Hikes […]

Bank Employee Attacks Hundreds of Accounts, Sells Customers’ Payment and Personal Data in Insider Scheme: US Justice Department

Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt

Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests EruptAccording to the European Union’s statistics office Eurostat on Wednesday, Euro area annual inflation is up to 9.9% in September, up from 9.1% in August. The inflation rate in September tapped a 40-year high, and investors suspect that the eurozone is “at risk of a financial meltdown.” European Union’s Consumer Price Index Taps a 40-Year […]

Bank Employee Attacks Hundreds of Accounts, Sells Customers’ Payment and Personal Data in Insider Scheme: US Justice Department

Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate

Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, HashrateMeasures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are affecting cryptocurrency markets and the Bitcoin network hashrate. To deal with the civil unrest caused by rising fuel prices and a worsening economy, the government restricted access to the internet and closed down local banks. Fears are rising that the turmoil may […]

Bank Employee Attacks Hundreds of Accounts, Sells Customers’ Payment and Personal Data in Insider Scheme: US Justice Department