Thu, Dec 26 2024
In a major shake-up within the Swiss banking sector, Julius Baer Group has announced the resignation of its Chief Executive Officer (CEO) alongside a strategic decision to exit the private debt business. The unexpected move has sent ripples through the financial industry, prompting speculation about the bank's future direction.
Turkey's newly-appointed central bank governor Fatih on Sunday said that his team is determined to maintain tight monetary policy until inflation falls to levels consistent with their target. Karahan replaced Hafize Gaye Erkan on Saturday, hours after she resigned citing a need to protect her family amid a "reputation assassination".
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