Banking & Financial Services News

World Bank approves $34.5M for Bhutan's renewable natural resource transformation
The World Bank has approved $34.5 million in financing to support Bhutan's efforts to enhance value addition and employment in its agriculture, livestock, and forestry sectors.
By Globe Banner | Jun 12, 2025

Mortgage and rental spending growth slows down again
Data from Barclays Property Insights reveals a slowdown in the growth of consumer spending on rent and mortgages for the third consecutive month in May, with a year-on-year increase of 4.6%, compared to April's 5.2%.
By Globe Banner | Jun 12, 2025
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World Bank outlines economic reform recommendations for Kyrgyz Republic
By Globe Banner | Jun 12, 2025
The World Bank has released its Country Economic Memorandum (CEM) for the Kyrgyz Republic, a detailed analytical report aimed at identifying key constraints to economic growth and suggesting reform directions.
World Bank approves $70M credit for Pakistan's revenue enhancement
By Globe Banner | Jun 11, 2025
The World Bank has announced an additional $70 million credit for the Pakistan Raises Revenue project, aiming to enhance domestic revenue collection and improve tax compliance in Pakistan.
Sympower CEO Simon Bushell discusses inequality, investment advice, and partnership with Activate
By Globe Banner | Jun 11, 2025
Welcome to our Meet the CEO series, featuring interviews with leaders from Activate portfolio companies.
Gender equality in care work linked to economic stability
By Globe Banner | Jun 11, 2025
Care work highlights gender disparities, with women comprising around 62.1% of the global paid health and care workforce and an estimated 76% of all unpaid care work.
World Bank approves $300M for agribusiness development in Togo
By Globe Banner | Jun 11, 2025
The World Bank Group (WBG) has approved a $300 million initiative to help Togo establish itself as a regional center for agribusiness and animal nutrition.
Fubon Financial reports mixed earnings amid currency fluctuations
By Globe Banner | Jun 10, 2025
Fubon Financial Holdings has announced its earnings results for May 2025, reporting an unaudited consolidated net loss of NT$5.79 billion.
KfW IPEX-Bank backs major wind energy project in Québec
By Globe Banner | Jun 10, 2025
KfW IPEX-Bank is contributing EUR 140 million in financing for a wind energy project in Canada.
World Bank predicts weakest global growth since '08 outside recessions
By Globe Banner | Jun 10, 2025
Heightened trade tensions and policy uncertainty are projected to slow global growth to its lowest pace since 2008, excluding outright recessions, according to the World Bank's Global Economic Prospects report.
ANZ recognized again as Australia's top institutional bank
By Globe Banner | Jun 10, 2025
ANZ has announced that it has been recognized as the leading bank for corporate and institutional customer relationships in Australia.
Clean Oceans Initiative reaches funding milestone ahead of schedule
By Globe Banner | Jun 10, 2025
The "Clean Oceans Initiative" (COI), established by KfW along with the French development bank AFD and the European Investment Bank in 2018, has reached its initial goal ahead of schedule.
Holley Higgins appointed head of ports & terminals at Arch Insurance International
By Globe Banner | Jun 10, 2025
Arch Insurance International has announced the appointment of Holley Higgins as Head of Ports & Terminals, effective immediately.
World Bank reports over $100 billion in carbon pricing revenues for public budgets
By Globe Banner | Jun 10, 2025
Carbon pricing revenues have surpassed $100 billion in 2024, as reported by the World Bank.
Howden Re releases comprehensive report on Europe's tech-enabled MGA ecosystem
By Globe Banner | Jun 10, 2025
Howden Re has released an industry-first report titled "Agents of Change," which focuses on the European Managing General Agent (MGA) market.
UK consumer card spending slows amid declining financial confidence
By Globe Banner | Jun 10, 2025
Consumer card spending in the UK saw a modest increase of 1.0% year-on-year in May, as reported by the Barclays Consumer Spend report.
Investment firm backs tech platform transforming credit market
By Globe Banner | Jun 9, 2025
Over the past four decades, capital markets have experienced significant transformations as technology modernized many asset classes.
Investment experts stress sticking with proven strategies amid market volatility
By Globe Banner | Jun 9, 2025
In a recent analysis, investment professionals discussed the challenges of managing portfolios amidst market volatility.
Barclays launches London innovation hub with Microsoft and NVIDIA
By Globe Banner | Jun 9, 2025
Barclays has unveiled a new Innovation Hub in London, collaborating with technology giants Microsoft and NVIDIA.
Randal K. Quarles appointed by FSB to lead G20 strategic review
By Globe Banner | Jun 9, 2025
The Financial Stability Board (FSB) has appointed Randal K. Quarles to lead a strategic review group tasked by the G20.