Banking & Financial Services News

Banking & Financial Services

Fed faces challenges as treasury yields rise despite rate cuts

The Federal Reserve's recent interest rate cuts have not led to the expected decrease in longer-term Treasury yields, posing a challenge for Fed Chair Jerome Powell.

Banking & Financial Services

Standard Chartered responds to favorable US court ruling

London – Standard Chartered has responded to a recent court ruling in its favor regarding a US civil litigation case.

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Banking & Financial Services

ANZ partners with CitoPlus for streamlined SME loan applications

ANZ and CitoPlus have announced a strategic partnership facilitated by ANZ's external innovation partner, 1835i.


Banking & Financial Services

ANZ warns shoppers about online scams ahead of Black Friday sales

November marks the beginning of a significant spending period for Australian consumers, with many opting to complete their Christmas shopping during the Black Friday and Cyber Monday sales.


Banking & Financial Services

Morgan Stanley announces regular dividends on various preferred stock series

Morgan Stanley has announced the declaration of regular dividends on its outstanding shares of preferred stock.


Banking & Financial Services

FSB Europe discusses private credit growth amid rising global vulnerabilities

The Financial Stability Board (FSB) Regional Consultative Group for Europe convened in Munich, Germany on November 14 and 15.


Banking & Financial Services

Siemens partners with Enemalta for digital transformation of Maltese grid

Enemalta, Malta's primary energy services provider, is taking steps to modernize its national electricity distribution grid in collaboration with Siemens.


Banking & Financial Services

Nordea appoints Per Långsved as new CEO of Life & Pension

Per Långsved, who currently serves as the Head of Personal Banking Sweden, has been appointed CEO of Nordea Life & Pension.


Banking & Financial Services

German venture capital investor sentiment improves but exit challenges persist

Sentiment among venture capital investors in Germany has shown significant improvement in the third quarter of 2024.


Banking & Financial Services

German private equity market sentiment hits four-year low

Sentiment in the German private equity market has significantly deteriorated for the second consecutive quarter.


Banking & Financial Services

ANZ highlights efforts against scams with new video series

ANZ has unveiled a video series showcasing the work of its Scam Assist team, which focuses on combating scam threats and assisting customers.


Banking & Financial Services

Siemens reports record profits; outlines future growth strategies

Siemens AG has concluded its fiscal year 2024 with record profits, according to statements from company executives.


Banking & Financial Services

Sun Life commits additional funds towards combating type 2 diabetes

Sun Life has announced an additional commitment of $1.53 million to combat diabetes, marking World Diabetes Day with a focus on partnerships aimed at addressing the rising rates of type 2 diabetes.


Banking & Financial Services

Sriroj maintains lead as Fubon Senior Open heads into final round

Thammanoon Sriroj and Prayad Marksaeng, both seasoned golfers from Thailand, have maintained their lead after the second round of the 2024 Fubon Senior Open.


Banking & Financial Services

Siemens reports strong FY24 results; eyes continued growth amid economic uncertainties

Siemens AG has reported a successful fiscal year 2024, achieving record profits and maintaining its strategic focus.


Banking & Financial Services

Prudential partners with Icon Cancer Centre for expanded healthcare services

Prudential plc has announced a partnership with Icon Cancer Centre Singapore, expanding its healthcare network to offer cashless outpatient cancer treatment for customers in Singapore and Indonesia.


Banking & Financial Services

Barclays launches index analyzing UK business performance and growth potential

Barclays has introduced the Business Prosperity Index, a new quarterly analysis aimed at assessing business performance and identifying growth opportunities in the UK.


Banking & Financial Services

Macquarie sells AGS Airports to AviAlliance for £1.53 billion

Macquarie Asset Management and Ferrovial have announced the sale of AGS Airports to AviAlliance.


Banking & Financial Services

Benin's Azôli program empowers youth through job training at Glo-Djigbé Industrial Zone

The Glo-Djigbé Industrial Zone (GDIZ) in Benin is bustling with activity as young people, like Carine Judith Aboua, engage in garment manufacturing.


Banking & Financial Services

World Bank updates diagnostic report outlining growth strategies for Croatia

The World Bank Group has released the 2024 update of the Croatia Systematic Country Diagnostic (SCD), building on the initial edition from 2018.