BANKING & FINANCE 4/63

By The Financial District

Sep 72 min read

IFC & UBX Partner To Boost MSME Lending

The International Finance Corporation (IFC), a member of the World Bank Group, has joined forces with UBX, a leading open finance platform..

ANZ CEO: Alleged Misconduct Over Bond Issuance Didn’t Cost Taxpayers

By The Financial District

Sep 61 min read

ANZ CEO: Alleged Misconduct Over Bond Issuance Didn’t Cost Taxpayers

ANZ, Australia's third-largest home lender, has found no evidence that suspected misconduct by the bank's employees over a 2023 bond...

Big Banks Slammed For Paying Low Rates On Idle Cash Of Customers

By The Financial District

Sep 52 min read

Big Banks Slammed For Paying Low Rates On Idle Cash Of Customers

The scrutiny of how banks and brokerages treated their customers during an era of high interest rates is heating up just as that era draws..

LandBank Offers Enhanced Loans And Cash Support For Emergencies

By The Financial District

Sep 32 min read

LandBank Offers Enhanced Loans And Cash Support For Emergencies

The Land Bank of the Philippines (LandBank) has expanded its loan packages for businesses and individuals affected by calamities and...

UK's Aviva Conspired To Dodge India Compensation And Tax Rules, Agency Says

By The Financial District

Sep 21 min read

UK's Aviva Conspired To Dodge India Compensation And Tax Rules, Agency Says

An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents through a system...

By The Financial District

Sep 21 min read

Bank Loans Rise 10.4% In July

Preliminary data indicated that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements...

Saudi Fund’s Pivot Is Only Half-Complete, Reuters Columnist Says

By The Financial District

Sep 12 min read

Saudi Fund’s Pivot Is Only Half-Complete, Reuters Columnist Says

Among the world’s major sovereign wealth vehicles, Saudi Arabia’s Public Investment Fund (PIF) has always had an unusually local focus...

HSBC Wealth Chief Leaves As New CEO Elhedery Shakes Up Team

By The Financial District

Sep 11 min read

HSBC Wealth Chief Leaves As New CEO Elhedery Shakes Up Team

HSBC's Wealth and Personal Banking chief, Nuno Matos, is leaving the Asia-focused bank, marking one of several significant leadership...

Investors Rush To Money Market Funds Before Fed Rate Cut

By The Financial District

Aug 281 min read

Investors Rush To Money Market Funds Before Fed Rate Cut

Investors funneled $37 billion into money market funds (MMFs) in the week leading up to Wednesday, Bank of America (BofA) said, as they...

UK Insurers Urged To Make Quick Riot Damage Payouts

By The Financial District

Aug 271 min read

UK Insurers Urged To Make Quick Riot Damage Payouts

Ministers are urging insurance firms to pay out quickly to businesses damaged by this month's rioting.

By The Financial District

Aug 261 min read

Bank of China President Liu Jin Resigns

Bank of China Vice Chairman and President Liu Jin resigned for personal reasons.

Mexico Gets $852-M Pension-Fund Backing For Iberdrola Deal

By The Financial District

Aug 262 min read

Mexico Gets $852-M Pension-Fund Backing For Iberdrola Deal

A majority of Mexican pension funds agreed to take part in an $852 million placement to help President Andrés Manuel López Obrador’s...

By The Financial District

Aug 242 min read

Empowering The Unbanked

Huawei, a global telecommunications giant with a controversial reputation, has announced a partnership with UnionDigital Bank to enhance...

By The Financial District

Aug 232 min read

UnionBank Partners With DLS-CSB

As digital transformation reshapes the global landscape, future-proofing the next generation's skillsets has become a priority.

Payments Giant Mastercard Cutting Global Staff By 3%

By The Financial District

Aug 211 min read

Payments Giant Mastercard Cutting Global Staff By 3%

Payments processor Mastercard is reducing its global headcount by 3% as part of a reorganization it unveiled earlier this year to sharpen...

SB Finance Shines Light on Solar Power Adoption

By The Financial District

Aug 213 min read

SB Finance Shines Light on Solar Power Adoption

SB Finance, an affiliate of Security Bank, has announced a new financing option for residential solar panel installations.

Government Use Of PhilHealth Funds Will Not Affect Benefit Plans --- Recto

By The Financial District

Aug 201 min read

Government Use Of PhilHealth Funds Will Not Affect Benefit Plans --- Recto

Finance Secretary Ralph G. Recto assured the public that the use of the Philippine Health Insurance Corporation (PhilHealth)’s idle funds...

Japan Megabank To Use Solar Panels On Sheep Farm To Cut Emissions

By The Financial District

Aug 141 min read

Japan Megabank To Use Solar Panels On Sheep Farm To Cut Emissions

A Japanese megabank is tapping into what may be the country's first solar panel farm located in a sheep pasture for renewable energy to...

Barclays Becomes First UK Bank To Lift EU Cap On Bonuses

By The Financial District

Aug 131 min read

Barclays Becomes First UK Bank To Lift EU Cap On Bonuses

The formal lifting of the cap on bonuses, originally imposed by the EU, opens the way for staff to receive up to 10 times their salaries...

Nobel Laureate Yunus Returns To Bangladesh To Lead Caretaker Government

By The Financial District

Aug 122 min read

Nobel Laureate Yunus Returns To Bangladesh To Lead Caretaker Government

Nobel Peace laureate Muhammad Yunus made an emotional return to Bangladesh on Thursday to lead a new interim government after weeks of...

U.S. Households Piling On Record Credit Card Debt: Fed

By The Financial District

Aug 121 min read

U.S. Households Piling On Record Credit Card Debt: Fed

As volatility returns to the stock market, American households are facing a different kind of financial strain: record-high credit card...

SoftBank Posts Net Loss Of 174.3 Billion Yen In Q2

By The Financial District

Aug 101 min read

SoftBank Posts Net Loss Of 174.3 Billion Yen In Q2

SoftBank Group Corp. reported a net loss of 174.28 billion yen ($1.2 billion) for the three months ending in June, marking its third...

CitySavings: Keeping The Bayanihan Spirit Alive

By The Financial District

Aug 72 min read

CitySavings: Keeping The Bayanihan Spirit Alive

City Savings Bank (CitySavings), a thrift bank under the Aboitiz-led Union Bank of the Philippines (UnionBank), has once again...

Black And Other Minority Farmers To Get $2 Billion From USDA

By The Financial District

Aug 51 min read

Black And Other Minority Farmers To Get $2 Billion From USDA

The Biden administration has doled out more than $2 billion in direct payments for Black and other minority farmers who were discriminated..

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