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Sign Australia is ‘teetering on the brink’

As expected, the Reserve Bank of Australia (RBA) on Tuesday lifted the official cash rate (OCR) another 0.25 per cent to 3.6 per cent.It was the tenth consecutive rate hike and has taken the OCR to its highest level since 2012:The increase…

Bank on brink of collapse after $1b loss

A US bank is on the brink of collapse as the business is in the process of deciding whether it is viable for the company to continue operating. On Wednesday night local time, Silvergate Capital announced to the country’s corporate…