Banking

The US Federal Reserve has raised interest rates for the first time since 2023, according to ABC News. The increase marks a shift in monetary policy after an extended pause, affecting borrowing costs for households and businesses across the United States. Further details on the size of the hike and the central bank's reasoning were not included in the initial report.

Bank of England Deputy Governor Dave Ramsden said there is a case for raising the key interest rate if inflationary pressures continue to build. His comments signal a willingness among policymakers to tighten monetary policy further should price growth prove persistent. Markets and analysts are watching the Bank's next moves closely as inflation concerns remain elevated.

The US Federal Reserve has decided to keep interest rates unchanged as new data shows inflation climbing to its highest level in three years. The decision leaves borrowing costs where they are despite persistent price pressures, and economists are watching closely for hints about when, or whether, the central bank might move rates again.

The Swiss franc weakened against major currencies as markets weighed the prospect of interest rate rises outside Switzerland. Traders see other central banks turning hawkish, narrowing the franc's appeal as a haven currency. The move highlights how shifting expectations for monetary policy abroad, rather than any change from the Swiss National Bank, are driving the currency lower.

Kazakhstan is positioning itself as a possible technical partner in any future agreement on Iran's nuclear programme, specifically the handling and storage of enriched uranium if negotiations resume. The country, which hosted the UTBK bank under the 2015 nuclear deal framework, has signalled readiness to take on a diplomacy role as the dispute between Iran, the IAEA and Western powers intensifies.

Bank employees in India are preparing for a three-day strike, prompting widespread concern about whether salaries, UPI payments and ATM withdrawals will be disrupted during the stoppage. Commentators including Ankit Avasthi are explaining which services could be affected and advising people to withdraw cash or complete transactions in advance. The strike stems from a labor dispute between banking unions and management.

President Vladimir Putin has signed a decree allowing the sale of the Russian assets of Italy's Unicredit bank. The measure opens the way for a transfer of the bank's holdings in Russia, the latest step in the wave of exits by Western financial institutions since the invasion of Ukraine. The Moscow Times reported the decree, which has drawn attention to how foreign assets are being handled amid sanctions.

Canadians are tracking a round of federal benefit deposits from the Canada Revenue Agency this month, including the Canada Groceries and Essentials Benefit, which lands on October 5. Not everyone will receive a payment this time, and outlets are listing the nine government benefits set to arrive in Ontario bank accounts during October, prompting questions about eligibility.

The Central Bank of Ireland's 2026 deadlines for regulated firms are drawing attention in banking and compliance circles. Firms under its supervision are reviewing what filings, returns and regulatory submissions will be due next year, with law firms highlighting the key dates companies need to prepare for well in advance.

The Reserve Bank of India has sold bonds worth ₹1 trillion, an amount it has not offloaded in roughly ten years. The move marks a notable shift in the central bank's handling of government securities and has drawn attention from banking and finance observers. Commentators are weighing what the large-scale sale signals about liquidity conditions in India's financial system and the RBI's current monetary policy stance.

The Reserve Bank of India has withdrawn ₹1 trillion from the banking system, a liquidity-tightening move that analysts say could push up loan EMIs, make borrowing costlier for businesses, and weigh on stock market sentiment. Commentators are breaking down what the drain means for home loans, credit demand and equities in the coming weeks.

Major Wall Street banks are scheduled to release their second-quarter earnings next week, opening the quarterly reporting season for US corporate results. Analysts are publishing expectations for trading revenue, investment banking activity, and net interest income, with investors watching the numbers for signals on the health of the US economy and financial sector.

UBS Group has lowered its price target on Goldman Sachs Group (NYSE: GS) shares, according to a MarketBeat report. The move is drawing attention from investors tracking Wall Street banks, and the story is gaining traction in both the UK and Australia. No details on the new target or reasoning were given.

Governments across the world are lowering capital adequacy ratios for banks, reducing the safety buffers lenders must hold. Meg Hillier, chair of the UK Treasury select committee, expects banks to lobby hard for Britain to follow suit. The comment has drawn attention amid ongoing debate over whether looser capital rules stimulate lending or increase financial risk.

Citigroup is accelerating the promotion path for junior bankers, shortening the typical route to senior roles. The move is widely read as part of the bank's effort to compete with private equity firms, which have been luring young talent away with faster advancement and higher pay. It signals how aggressively Wall Street banks are reworking career ladders to retain staff.

Indian equities face a pivotal stretch after an eight-week losing streak, with analysts pointing to the Reserve Bank of India's next rate decision, volatile global crude prices and upcoming TCS earnings as the key drivers that could set the market's near-term direction.

Russian personal income tax on interest earned from bank deposits is back in focus for 2025. Finance Mail explains how the tax is calculated, noting that the liability depends on deposit income above a threshold set from the key interest rate, and when taxpayers must pay it. Russians are searching for clear guidance as banks continue paying elevated interest on savings and the first real tax bills on deposits arrive.

A small finance bank in India is offering an 8.25% return on fixed deposits, drawing comparisons with major lenders such as SBI and HDFC Bank, which continue to offer notably lower rates on deposits. Coverage in Hindi media highlights the gap between rates from small finance banks and the country's largest banks, prompting savers to weigh higher returns against concerns about deposit safety and bank size.

Russian savers are looking up the non-taxable amount on bank deposits for 2026, as interest income above a set threshold will be subject to personal income tax. Media outlets are explaining how the tax on deposit interest is calculated, when it must be paid, and warning that other changes, including higher taxes on property sales from next year, could also hit household finances.

An adviser to Donald Trump has publicly called for Federal Reserve Chair Jerome Powell to step down, drawing attention in crypto markets where traders are closely watching the central bank's next policy moves. Any change in Fed leadership or rate policy could affect dollar liquidity, which influences Bitcoin's price direction.

Citigroup is the subject of renewed online interest in Australia, with readers discussing the bank's role in global finance alongside broader debates about the Swift payment network's move toward blockchain technology and Australian stock movements such as James Hardie. Commentary ranges from Citi's investment positioning to how major banks are adapting to new payments infrastructure.

Delfin, the holding company controlled by the Del Vecchio heirs and Monte dei Paschi's largest shareholder, has reached an agreement with Intesa Sanpaolo under which it will deliver its Mps stake and vote against CEO Luigi Lovaglio. The move, reported by la Repubblica, marks a significant twist in the battle over the future of the Tuscan bank and is likely to influence the outcome of the shareholder vote.

Delfin, the holding company of the Del Vecchio family, has reached an agreement with Intesa Sanpaolo over the sale of its stake in Monte dei Paschi di Siena and will vote against CEO Luigi Lovaglio at the bank's shareholder meeting. The move adds fresh tension to the Mps privatisation saga, while other Italian financial news includes Bank of Italy asking Banca Ifis for 215 million euros in adjustments and a strong edition of WHITE Milano trade show.

Goldman Sachs is in the news from several angles. Strategist TimToo big—stick to facts: Goldman strategist calling for spending cuts as government bond yields and borrowing costs rise, and an analysis suggesting Goldman Sachs Group stock could be undervalued by around 21% amid focus on bond issuance. The bank is also reported as bullish on Stagwell while staying cautious on Havas over growth prospects.

Discussion is circulating about Flavio, who is described as commanding a majority in the legislature and being positioned to appoint four additional ministers, plus the Attorney General and leadership of the Central Bank. Commenters point to his apparent backing from the United States, evangelicals, major media, social media and the military, asking who could realistically stand in his way.

War updates on day 1,678 of Russia's full-scale invasion claim a collapse of Russian front lines, with Ukrainian forces reportedly taking hundreds of Russian soldiers prisoner. Reports also describe Ukraine moving to protect residents of Oleshky on the occupied east bank of the Dnipro and strikes burning Russian military supply trucks. Ukrainian and Russian official accounts have not been independently verified.

Brazilian markets drew attention on Monday, with Bradesco, MBRF, Sequoia and Totvs cited among the main highlights of the trading session on the B3 exchange. Investors were tracking the day's notable moves in these leading banking, food, logistics and software stocks as part of the broader session on the São Paulo bourse.