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UniCredit details impact of new terms fo...

Sees 2022 increase to €400m with new terms No longer expects an increase of up to 1 billion euros in 2023 Establishes New Interest Margin Forecast for 2022 with TLTRO MILAN, October 31 (Reuters) – UniCredit (CRDI.MI) said he expected a contribution of 400 million euros ($396 million) from the European Central Bank’s longer-term funds […]

State Street crypto boss to leave amid b...

The State Street crypto boss is leaving the company a year after establishing its digital assets department. Nadine Chakar became Head of Digital Assets in 2021, taking control of one of the largest crypto teams in traditional finance. A State Street spokesperson confirmed his departure, adding that a permanent replacement has not yet been found. […]

SBP fines six banks Rs 290 million for r...

The State Bank of Pakistan (SBP) imposed penalties of Rs 290.363 million on six major banks for violating various regulatory laws during the quarter ended September 30, 2022. Among these banks, Bank Al Habib Limited was hit with the highest penalty of 140.03 million rupees in the latest regulator action for violating CDD/KYC (Know Your […]

Underperforming super funds need to stay...

This means that failed bottoms can sometimes be surprisingly resilient. They may continue to lag despite their underperformance, so it is essential that these trustees are under some pressure to ensure that participants’ retirement savings are invested effectively and appropriately. Loading What has changed on this front since the royal commission? A lot, Byres suggested, […]

Stefanik has the advantage at NY21. Cas...

Democrat Matt Castelli challenges Republican Congresswoman Elise Stefanik in November. October 28, 2022 — When Elise Stefanik was first elected to Congress in 2014, she made a key promise on the night of her victory: “With every decision I make, with every vote I cast, I ask myself one question: Will this help the hard-working […]

The 561 Face of Investment and Banking E...

Renee E. JohnsonVice President, Banker at JP Morgan Private Bank Renee Johnson does more than help its clients build wealth; it also gives them back their time. “I have the ability to monitor with my New York trading team so my clients can enjoy things like sunsets instead of having to worry about their wallets,” […]

Why Investors Should Try Ethical Investi...

FBNQuest, the investment banking and asset management group of FBN Holdings Plc, recently held a session on Plan your future with ethical investments via its webinar platform, Leading Conversations. The webinar aimed to encourage investors to consider ethical investing as a way to achieve their financial goals while realizing value in a way that aligns […]

Lucia J. Mar – Indianapolis Business Jou

(IBJ Photo/Eric Learned) Senior Vice President, Head of Market, Bank of America Achievements: Lucia Mar has been with Bank of America for 18 years and for the past three years served as Senior Vice President and Chief Market Officer, responsible for developing Bank of America’s commercial banking presence in Indiana. During that time, she tripled […]

American Street Capital funds first $1 m...

CHICAGO, IL – American Street Capital (“ASC”) announced financing of a $1 million bridge loan for the acquisition of a 7-unit mixed-use building in Chicago, IL. Located in Chicago’s North Rogers Park neighborhood, the mixed-use asset is right next to a CTA Brown Line stop and close to Lake Shore Drive. The two-story building contains […]

CBI | Responsible Banking Academy

October 26, 2022 Blog | Green finance | Blog This summer saw the launch of the Principles for Responsible Banking Academy – a unique global online platform that will support the implementation of the UN Principles for Responsible Banking (PRB) and provide general education on the subject to all of the sector. Simon Thompson, Managing […]

Delaware Investments® Dividend – GuruFoc

Delaware investments® Dividend and Income Fund, Inc. (the “Fund”), a closed-end fund listed on the New York Stock Exchange and trading under the symbol “DDF”, today announced that effective August 1, 2023, portfolio management team members consisting of Kristen E. Bartholdson, Adam H. Brown, Chris Gowlland, Erin Ksenak, Nikhil G. Lalvani, Benjamin Leung, Stefan Löwenthal, […]

Citizens’ Business Conditions Index rebo

Vermont Business Magazine Citizens Bank’s National Citizens Business Conditions Index (CBCI) rose to 56.1 in the third quarter, regaining momentum after a decline in economic sentiment in the second quarter prompted by inflation fears. The index rose 1.7% this quarter in Vermont, representing a 1.2% increase from the prior quarter and a 6.8% decline from […]

Lebanese deputy PM says state cannot ‘re

BEIRUT, Oct 24 (Reuters) – Lebanese Deputy Prime Minister Saade Chami said on Monday the government’s plan to revive an economy battered by a three-year financial crisis would not be able to repay all depositors in full. Chami is the architect behind a recovery roadmap the Lebanese cabinet adopted in May that includes several measures […]

U.S. Banking Regulators Seek Comments on...

On October 14, 2022, the Board of Governors of the Federal Reserve System (“Federal Reserve”) and the Federal Deposit Insurance Corporation (“FDIC”) issued an advance notice of proposed rulemaking indicating whether they should impose additional requirements related to resolution to the largest regional banks (“ANPR”).1 ANPR is an important development that could result in some […]

Citigroup’s Investment Banking Business

The big multinational bank Citigroup (VS 3.12%) Overall, the bank delivered strong results in the third quarter as the bank took advantage of the higher interest rate environment and continued to make progress on a multi-year transformation plan. But one of the weak spots in the quarter was the bank’s investment banking business, which saw […]

LGT makes foray into Indian private bank...

LGT, the world’s largest family-owned private banking and asset management group, has made a foray into India’s private banking sector. Prince Max Von und zu Liechtenstein, Chairman of LGT, shared his thoughts on the group’s entry into the Indian market. Edited excerpts follow. What is the vision behind LGT Group’s venture into the Indian wealth […]

Hedge funds remain cautious on pound bet...

The pound’s peak on October 20 following the exit of British Prime Minister Liz Truss proved to be a dead cat bounce, with the currency falling below pre-resignation levels the following day. With volatility continuing around the pound, hedge funds are considering a cautious approach. Truss announced her resignation on October 20, becoming Britain’s shortest […]

CFOs favor short-term investments

Whether it is inflation volatility, market volatility or interest rate volatility, the uncertain macroeconomic landscape has had a significant impact on cross-border cash management, forcing CFOs (CFO) and treasurers to adopt strategies that will help protect their businesses against today’s volatile market mix. According to Anand Natarajan, Executive Director, Head of TMT Cash Management and […]

Black private equity funds secure $400m ...

Investment vehicles run by two of the largest black companies in the country – Ariel Investments and Capital Fairview – will get a combined pledge of $250 million, courtesy of the billionaire Steve Ballmer. The funding is part of the $400 million that the former CEO of Microsoft Corp. and his wife, Connie Ballmer, invested […]

Jamaican group targets Bahamas for major...

Proven Group Ltd., a Jamaican group with over $1 billion in total assets, has disclosed plans to establish a physical presence in the Bahamas and is providing $20 million in financing for the 365 government lot Renaissance of the Bahamas at Carmichael Housing Subdivision, The Tribune, a major Bahamian newspaper, reported on Friday. Christopher Williams, […]

WaFd bets on Talkdesk to transform the c...

SAN FRANCISCO–(BUSINESS WIRE)–October 19, 2022– Talkdesk®, Inc., a global leader in contact centers for customer-centric businesses, and WaFd Bank (NASDAQ: WAFD), a full-service U.S. commercial bank, are working together to accelerate innovation and deliver better service to banking customers by leveraging the Talkdesk Financial Services Experience Cloud TM for Banking, a customer experience (CX) platform […]

Marcus’ Goldman Sachs kingpin shows it’s

David Solomon, Goldman Sachs, at the Marcus event Goldman Sachs CEO David Solomon is stifling his ambition to make the 153-year-old investment bank a major player in consumer banking in the United States. After product delays, executive turnover, brand image confusion, regulatory missteps and worsening financial losses, Solomon said on Tuesday the company is moving […]

Turbulent markets bring currency hedge f...

By Nell Mackenzie LONDON (Reuters) – Veteran hedge fund manager John Taylor describes one of his favorite Gary Larson cartoons, where a vulture sitting on an animal carcass says to another as others descend: “good friends who arrive from everywhere… it’s the best of times”. There is, he jokes, a resemblance to the hedge funds […]

Paytrix Secures One of the Largest Pre-S...

Paytrix Secures One of the Largest Pre-Seed Investments in Fintech to Enable Online Businesses to Scale Globally Paytrix, an integrated payments company for high-growth vertical software platforms, today announces that it has secured £5m of new capital. The investment round was led by Hambro Perks, an international investment firm focused on private equity, alongside investments […]

The Future of Fintech and How It’s Shapi

Editor’s Note: This sponsored article appears as part of GSU-CIBER’s annual partnership with Global Atlanta. A list of transformative technologies, from blockchain to quantum computing, are shaping the future of banking and payments, bringing new risks and opportunities to businesses engaged in cross-border business. The rapid pace of change and the urgent need for businesses […]

Rising interest rates: the banking secto...

As interest rates soar across the board, India’s banking industry faces a new issue in its accounts: basis risk. This is a potential risk where a hedge is imperfect, leading to losses. In this scenario, the experts see that a rise in lending rates will not be able to follow a rise in deposit rates, […]

Emefiele, CBN Governor Wins Award in USA...

Godwin Emefiele, Governor of the Central Bank of Nigeria, was honored in the United States of America. During his remarks, Emefiele used the opportunity to push for increased investment in Nigeria and other African countries. Emefiele strongly believes that Nigeria abounds with opportunities that investors can profitably tap into Godwin Emefiele urged investors in Washington […]

Agricultural Bank inaugurates business d...

The Agricultural Bank of Egypt (ABE) inaugurated its latest business development center in Benha, Qalyubeya Governorate last week as part of the NilePreneurs initiative launched by the Central Bank of Egypt to support the entrepreneurship. Alaa Farouk, President of the EBA, stressed that this is part of the Bank’s desire to diversify its banking and […]

CBN issues guidelines preventing foreign...

The Central Bank of Nigeria has prevented foreign banks operating in Nigeria from taking deposits The bank said that foreign banks, especially representative offices of banks, are not allowed to conduct remittances as well. CBN said foreign banks can only engage in services that show them displaying their parent company’s brand and services. The Central […]

Banking group pays tribute to Davis

CARLINVILLE — The Community Bankers Association of Illinois (CBAI) announced that Shawn Davis, president and CEO of CNB Bank & Trust, NA, has been named 2022 Outstanding Member of the Year. The award is given annually to a member who has demonstrated an outstanding commitment to advancing the principles of community banking to an extraordinary […]

Sun Life Global Investments and B2B Bank...

Sun Life Global Investments continues to offer Canadians more choice in wealth-building solutions despite market uncertainties Logo of SLGI Asset Management Inc. (CNW Group/SLGI Asset Management Inc.) TORONTO, October 14, 2022 /CNW/ – Today, Sun Life Global Investments announced the launch of a new partnership with B2B Bank, a wholly-owned subsidiary of Laurentian Bank, to […]

Small Business Owners Across Southeast T...

Small Business Owners Across Southeast Texas Join Symposium Posted at 12:26 a.m. on Friday, October 14, 2022 Ledetria Beaudoin was so excited Wednesday night that she couldn’t sleep. It was only a matter of hours before the new business she owns with her brother Arthur Thomas and his wife Angela hosted their first event. “We […]

Harnessing the catalytic capital potenti...

NORTHAMPTON, MA/ACCESSWIRE/October 13, 2022/ GreenMoney Log: by Timothy Freundlich, ImpactAssets Donor Advised Funds (DAFs) had approximately one million accounts hosted at 1,000 community foundations and nonprofit sponsors, with $160 billion in assets at the end of 2020. With a compound annual growth rate of 17% over the past five years, DAFs are growing much faster […]

Ariel Investments’ John Rogers touts val

His view is contrary to what David Einhorn said earlier this week. The hedge fund manager said the strategy may never be out of fashion again, adding that most value investors are shutting down. The strategy was popularized by legendary investors Warren Buffett and Benjamin Graham and involves buying stocks whose value might be underestimated […]

Small business customers of KBC and Ulst...

Irish small businesses are urged to move their accounts from KBC and Ulster despite the current crisis with rising energy and business costs. The Small Firms Association (SFA) urges all of its members to prioritize switching banking providers and ensure that all new bank accounts are set up correctly, so they can continue to make […]

“Investors should focus on money market,

Comercio Partners, an investment bank, advised investors to allocate a significant portion of their portfolio to money market and dollar mutual funds. According to the firm, the move will help investors benefit from the recent interest rate hike by the Central Bank of Nigeria and also avoid the risk of a possible further depreciation of […]

A triumphant return to the Nigerian bank...

The story of Corporate Nigeria in 2022 cannot be complete without a chapter on the incredible performance of First Bank of Nigeria Limited, which has seen the hitherto encumbered bank now return to the top of the Nigerian banking ladder, at the middle of a harvest of international laurels, written Festus Akanbi By December this […]

PH’s foreign investment decline continue

Bangko Sentral of the Philippines. (File Photo/Philippine Daily Inquirer) Net inflow of foreign direct investment (FDI) to the Philippines fell for the third consecutive month to $460 million in July, down 64% from $1.3 billion in the same month last year . Net inflows have fallen month-on-month since hitting $989 million in April. The July […]

C-Suite: Lori Walker – Let’s Talk Busine

Quick fact: Managed external and internal communications for the bank’s $1.2 billion central system conversion in 2018, a merger in 2019 and a global pandemic in 2020-2021. What is the best business advice you have ever received or given? If you get a seat at the table, you’ve earned it. Find your voice and contribute. […]

How to Transfer Funds to PPF Accounts, S...

How to Transfer Funds to PPF Accounts, Sukanya Samridhi Yojana Online India Post Payments Bank Savings (IPPB) account holders in various post office schemes can perform basic functions such as money transfer to Sukanya Samriddhi (SSA) account, recurring deposits (RD), fund public provident scheme (PPF) in the comfort of their homes. Premiums for these plans […]

anb acquires stake in Cashee Digital Ban...

anb announced today that it has reached an agreement to invest in Cashee, a technology company based in the United Arab Emirates. Cashee specializes in the development of youth banking and financial education platforms and applications with the aim of increasing financial inclusion, promoting a culture of savings and improving the way young people manage […]

women’s coworking space, Ziggi’s, Kinsto

Fort Collins Mina Collective opens a female co-working space The Mina Company, a northern Colorado-based marketing agency, is launching a new female-focused community, The Mina Collective. According to a press release, the coworking space and business development group was created for women entrepreneurs in Northern Colorado to grow their businesses by providing resources and a […]

Mohit Bhatia appointed CEO of Bank of In...

Mohit Bhatia – New CEO of Bank of India Mutual Funds: The appointment of Mohit Bhatia as CEO of Bank of India Investment Managers Private Ltd (Bank of India Mutual Funds) has been made public. In sales and distribution, team development, marketing and branding, and building digital ecosystems, Bhatia has over 26 years of professional […]

Public bank advocates urge Mayor Jim Ken...

When the City Council in March voted 15 to 1 to approve a bill to create a new Philadelphia Public Finance Authority to boost disadvantaged businesses, proponents of creating a public bank in the city believed that they had won their first great victory. But that victory remained elusive as Mayor Jim Kenney refused to […]

Reliabank Business Beat: Interest Rates ...

If you’re a business owner or would like to become one, you probably already know that hiring challenges, supply chain issues and inflation are just the signs of the times, no matter what. or the type of business in which you work. can really pay to have the right kind of advisors on your side […]

Red Tree VC boutique takes spin-out appr...

The leaves are brown, the weather is warm, and Red Tree Venture Capital dreams of California — and some other West Coast states as well. The venture capital firm released its first fund, two years in the making and officially closed in June, to fund at least a dozen biotech and medical device startups for […]

Ozona Bank Wins Statewide Best Community...

The Independent Bankers Association of Texas (IBAT), the nation’s largest state community banking association, recently honored Ozona Bank of Wimberley with a Best of Community Banking award. He received a Community Spirit award for his entry into community service. Ozona Bank contributes to many non-profit organizations in the Wimberley Valley. Years ago, the local branch […]

Efficient and timely trial will boost fi...

Judge Olukayode Ariwoola The Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola, has reiterated that an “efficient and expeditious adjudication” of cases will promote stability in the Nigerian financial sector and will also boost investor confidence. Ariwoola said so on Monday during a capacity building workshop for judges and judges of the Court of Appeal […]

SMBC Appoints Rick Davison as Chief Fina...

NEW YORK–(BUSINESS WIRE)–Oct 4, 2022– SMBC, a member of the SMBC Group, today announced the appointment of Rick Davison as Chief Financial Officer for the Americas. Hirofumi Otsuka, CEO of SMBC Group in the Americas and President and CEO of SMBC Americas Holdings, Inc., said, “Rick brings to SMBC a superior track record of delivering […]

Coinbase Says Funds Safe After 6-Hour Ba...

Coinbase has encountered issues with the electronic system that facilitates online US bank transfers Leading blockchain Solana also suffered hours of downtime over the weekend Coinbase has reassured users that all funds are safe after the exchange was unable to process US banking transactions for nearly six hours over the weekend. Account holders with US […]

The school bank is gaining ground | The...

School banking services are increasingly gaining popularity among students as evidenced by total deposits in these accounts exceeding Tk 2,300 crore in July despite continuing economic headwinds such as rising inflation. Students deposited Tk 2,326 crore in accounts in July this year, up 7% year-on-year, according to Bangladesh Bank. For all the latest news, follow […]

Banks increase investment in fintech lur...

Big banks are shifting their investments to fintech, taking stakes in financial disruptors, lured by falling prices, and unlocking potentially game-changing technology. Just a few weeks ago, HSBC becoming the latest bank to take a stake in a fintech, when it took a minority stake in Monese in a high-profile deal that saw it invest […]

Business Notes, October 2, 2022

DANBURY — The Union Savings Bank Foundation recently awarded $350,500 in funding to 38 local Connecticut organizations as part of the 156-year-old community bank’s ongoing efforts to give back to those it serves, according to a statement. Of the total amount, $254,500 was awarded to 22 educational nonprofit programs and $96,000 was donated to 16 […]