Recapitalisation will empower banks to lend more to economy — CIBN

Vanguard News— Chartered Institute of Bankers of Nigeria, CIBN, has expressed support for the ongoing banking recapitalization exercise saying it will empower banks to lend more to the economy.

6abc Philadelphia—Philadelphia-based Republic First Bank closed by regulators; will reopen as branches of Fulton Bank. Republic Bank's 32 branches will reopen as branches of Fulton Bank as early as Saturday. Republic First Bank depositors can access their funds via checks or ATMs as early as Friday night, the FDIC said.

Daily Mail—Judo Bank boss Warren Hogan declares Reserve Bank will hike interest rates three times this year -. The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.

WSTPost—Judo Bank boss Warren Hogan says the Reserve Bank will raise interest rates three times this year – and he was right about 2023. Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...