Archive for category: Finance

Bank of Uganda holds CBR at 12% after October jumbo hike

Bank of Uganda central bank rate held at 12% on 9 November 2026, the highest since 2017, after an emergency 225bp hike to defend the shilling.

NY Fed Extends 2026 Small Business Credit Survey to Nov 30

The 2026 Small Business Credit Survey deadline has been pushed to November 30 by the NY Fed and all 12 Reserve Banks. Here’s what it means.

Paraguay’s Ueno Bank collapse triggers presidential impeachment

The Ueno Bank collapse Paraguay locked out 2.9 million customers and toppled President Peña. On 7 Nov 2026, VP Alliana was sworn in — full story.

System Failure Blacks Out ATMs at 128 Shinkin Banks in W. Japan

A Shinkin bank ATM outage froze cash access at 128 lenders and roughly 3,430 branches across western Japan for over five hours on 6 November 2026.

MPS Q3 profit beats forecasts; raises 2026 outlook pre-Intesa bid

MPS Q3 profit 2026 hit €543M, beating forecasts, as the world’s oldest bank raised guidance before Intesa Sanpaolo’s €34bn tender opens.

BoE hikes Bank Rate to 4% — first rise since Aug 2023

Bank of England rate hike: BoE raised Bank Rate to 4% on 5 November 2026 — the first increase since August 2023, driven by CPI at a 11-month high.

Norges Bank Holds Policy Rate at 4.50% – Nov 2026

Norges Bank policy rate stays at 4.50% on 5 November 2026 after September’s hike. See the decision, context and what comes next on 17 December.

Wahda Bank selects Backbase for Arabic-first digital platform in Libya

Wahda Bank Backbase digital platform Libya: half a million retail customers plus business banking move to an AI-native Banking OS starting 2027.

RBA Hikes Cash Rate to 4.85%, an 18-Year High

RBA cash rate hike to 4.85% on Melbourne Cup Day marks an 18-year high after a split 6–3 board vote and 4.3% September CPI.

SBF Global Benchmark Report 2026 Ranks Switzerland 6th in Digital Finance Infrastructure

SBF Global Benchmark Report 2026 ranks Switzerland 6th in digital finance infrastructure with 75.62/100, behind the USA, Singapore, UK, Germany and Japan.