Last week, global rating agency S&P lowered its issuer rating of Diamond Bank by one notch to CCC+ from B- majorly due to two concerns. Firstly, the rating agency expressed concerns on the possibility of higher provisioning which will put pressure on the bank’s capitalization.
In the U.S, CPI data released for the month of October showed that inflation rate came in stronger during the month, rising 2.5% YoY from 2.3%YoY in the prior month. The uptick
Being the text of speech delivered by Randal K. Quarles, Federal Reserve Vice Chairman For Supervision At "An International Perspective On The Future Of Bank Stress Testing" Symposium Sponsored By Harvard Law School Program On International Financial Systems, Cambridge, Massachusetts