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    BDO Updates Sustainable Finance Framework
    By The Financial District
    • 3 days ago
    • 2 min

    BDO Updates Sustainable Finance Framework

    The Sustainable Finance Framework (SFF) of BDO Unibank, Inc. (BDO) has just acquired an updated accreditation from Sustainalytics in...
    China Sacks 3 Execs For Corruption At Banking, Financial Watchdog
    By The Financial District
    • 5 days ago
    • 1 min

    China Sacks 3 Execs For Corruption At Banking, Financial Watchdog

    As an anti-corruption drive targeting the financial sector intensified, China expelled two former officials from the Communist Party and...
    Wells Fargo, Bank of America Complete Stress Test
    By The Financial District
    • 7 days ago
    • 2 min

    Wells Fargo, Bank of America Complete Stress Test

    Wells Fargo & Company announced today that the 2022 Comprehensive Capital Analysis and Review (CCAR) stress test has been completed.
    Credit Suisse Convicted In Cocaine Cash Laundering Case
    By The Financial District
    • Jun 28
    • 1 min

    Credit Suisse Convicted In Cocaine Cash Laundering Case

    Switzerland's Federal Criminal Court convicted Credit Suisse of failing to prevent money laundering by a Bulgarian cocaine trafficking...
    Group Of Central Banks Push Global Rate Hikes vs Inflation
    By The Financial District
    • Jun 27
    • 2 min

    Group Of Central Banks Push Global Rate Hikes vs Inflation

    The Bank for International Settlements (BIS), the world's central bank umbrella organization, has asked for interest rates to be hiked...
    ING Exits Philippine Retail Banking Sector
    By The Financial District
    • Jun 25
    • 2 min

    ING Exits Philippine Retail Banking Sector

    ING said yesterday that it will exit the Philippine retail banking industry before the end of 2022.
    Small China Banks Steal Billions From 400,000 Depositors
    By The Financial District
    • Jun 25
    • 2 min

    Small China Banks Steal Billions From 400,000 Depositors

    Thousands of depositors at four banks in China's Henan region are protesting to demand a reimbursement of billions of dollars from Chinese..
    U.S. Banks Expect To Pass Fed's Stress Test
    By The Financial District
    • Jun 21
    • 2 min

    U.S. Banks Expect To Pass Fed's Stress Test

    Large US banks are hopeful that the Federal Reserve will give them a clean bill of health this week, allowing them to disperse billions...
    BOJ Chief Says Rapid Yen Weakening Bad For Economy
    By The Financial District
    • Jun 18
    • 1 min

    BOJ Chief Says Rapid Yen Weakening Bad For Economy

    Haruhiko Kuroda, Governor of the Bank of Japan, reiterated his warning on Friday, June 17, 2022, that the yen's recent rapid depreciation...
    Europe's Central Banks Raise Interest Rates
    By The Financial District
    • Jun 17
    • 2 min

    Europe's Central Banks Raise Interest Rates

    Central banks across Europe raised interest rates on Thursday, June 16, 2022, some by shocking markets, and hinted at even higher...
    80% Of Japan COVID Subsidy Applications Unverified As Fraud Cases Rise
    By The Financial District
    • Jun 16
    • 2 min

    80% Of Japan COVID Subsidy Applications Unverified As Fraud Cases Rise

    A family of four was arrested for allegedly swindling about 960 million yen (about $7.1 million), and a Tokyo Regional Taxation Bureau...
    Credit Suisse On UK Watchlist For Stricter Control
    By The Financial District
    • Jun 13
    • 2 min

    Credit Suisse On UK Watchlist For Stricter Control

    The Financial Conduct Authority (FCA) of the United Kingdom has placed Credit Suisse on a watchlist of institutions in need of stricter...
    Central Banks Fueling Inflation Rather Than Curbing It, Experts Say
    By The Financial District
    • Jun 13
    • 2 min

    Central Banks Fueling Inflation Rather Than Curbing It, Experts Say

    At its current levels, inflation is a serious economic, social, and political problem – a scourge that disproportionately affects the poor..
    ADB Approves $4.3B in Funding For PH Railway Project
    By The Financial District
    • Jun 12
    • 2 min

    ADB Approves $4.3B in Funding For PH Railway Project

    The Asian Development Bank (ADB) has approved up to $4.3 billion in funding to help finance the construction of a nearly 55-kilometer (km)..
    Credit Suisse CEO Slams 'Stupid' Takeover Rumor
    By The Financial District
    • Jun 12
    • 2 min

    Credit Suisse CEO Slams 'Stupid' Takeover Rumor

    When asked about rumors circulating on Wall Street about a possible acquisition of Credit Suisse (CS) by the American behemoth State...
    Global Investment Banking Battered After Banner Year In 2021
    By The Financial District
    • Jun 11
    • 2 min

    Global Investment Banking Battered After Banner Year In 2021

    A lack of IPOs, a drop in stock prices, and slowing global economic growth are clouding the outlook for revenue at global investment banks.
    UK Banks No Longer Too Big To Fail, Bank of England Declares
    By The Financial District
    • Jun 11
    • 2 min

    UK Banks No Longer Too Big To Fail, Bank of England Declares

    The Bank of England (BoE) said on Friday, June 10, 2022, that it is satisfied lenders have taken steps to ensure they are no longer...
    U.S. Extends $8.5B In Grants To Ukraine
    By The Financial District
    • Jun 10
    • 1 min

    U.S. Extends $8.5B In Grants To Ukraine

    "Your strength gives us strength," US Ambassador to Ukraine Bridget Brink said on June 8, adding that $7.5 billion in grants are "on the...
    EBRD, Bank of Georgia Promote Green Investments
    By The Financial District
    • Jun 10
    • 1 min

    EBRD, Bank of Georgia Promote Green Investments

    The European Bank for Reconstruction and Development (EBRD) is lending US$ 35 million to Bank of Georgia to support Georgia's economic...
    ECB Ends Stimulus Scheme For Eurozone, Interest Rate Hike Set For July
    By The Financial District
    • Jun 10
    • 2 min

    ECB Ends Stimulus Scheme For Eurozone, Interest Rate Hike Set For July

    The European Central Bank (ECB) ended its long-running stimulus program on Thursday, June 9, 2022, and signaled that it will deliver its...
    EBRD Invests In A Baltic First
    By The Financial District
    • Jun 9
    • 2 min

    EBRD Invests In A Baltic First

    Acting as an anchor investor, the European Bank for Reconstruction and Development (EBRD) has backed the issuance of a €75 million...
    EBRD Finances Telecom Armenia Upgrade
    By The Financial District
    • Jun 9
    • 2 min

    EBRD Finances Telecom Armenia Upgrade

    Armenians' fixed and mobile phone services will improve as a result of a US$ 20 million loan from the European Bank for Reconstruction and..
    Credit Suisse Admits Likely Q2 Loss
    By The Financial District
    • Jun 9
    • 2 min

    Credit Suisse Admits Likely Q2 Loss

    Credit Suisse warned of a potential second-quarter loss on Wednesday as market volatility affected its investment bank, the third quarter...
    Japan Sanctions Russian, Belarusian Banks
    By The Financial District
    • Jun 8
    • 1 min

    Japan Sanctions Russian, Belarusian Banks

    In response to Russia's invasion of Ukraine, the Japanese government announced Tuesday that it will add two Russian banks and one...
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