Europe requires banks to make instant, low-cost payments
The European Commission is preparing a legislative text to promote instant transfer, which, five years after its launch, fails to take off in Europe. The proposal aims to oblige banks to offer the instant transfer option under the same conditions as the traditional credit transfer. Enough to remove the main obstacles to its development, its acceptability and its price.
BNP Paribas on track to record profit in 2022
The first French bank recorded “solid results in the third quarter” with a net profit for this period alone of € 2.76 billion, up 10.3% over one year. Since the beginning of the year, net profit has grown by more than 12% compared to the same period last year, exceeding 8 billion euros.
By raising rates again by 0.75 points, the Fed remains focused on fighting inflation
The US central bank (Fed) raised its rates on Wednesday to the highest level in nearly 15 years and expects to continue to raise them, trying at all costs to curb high inflation, a task complicated however by the threat of a recession.
After the ECB and the Fed, the Bank of England also raises rates to combat inflation
The Bank of England will announce a new hike in its key rates to fight inflation this Thursday. But in the face of the political instability that has reigned in the country for several months, the monetary institution is sailing blindly and doubts remain about the content of the recovery that will be revealed.
Portugal: “golden visas” for wealthy foreign investors are being abolished
The Portuguese government plans to stop issuing “gold visas” to wealthy foreign investors, so they can move freely in Europe. Other countries, such as Malta, are being targeted by the European Commission.
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The editorial staff of La Tribune