Banking & Financial Services News on Globe Banner

Latest News


Banking & Financial Services

UK consumer card spending falls but treat purchases support select sectors

Consumer card spending in the UK fell by 0.7% year-on-year in September, according to the latest Barclays Consumer Spend report.


Banking & Financial Services

Axis Capital appoints Erik Rasmussen as head of US healthcare reinsurance

AXIS Capital Holdings Limited has announced the appointment of Erik Rasmussen as Head of US Healthcare Reinsurance.


Banking & Financial Services

World Bank Group report urges reforms for job creation and growth in the Philippines

The World Bank Group has released its first Growth and Jobs Report (GJR) for the Philippines, aiming to address the country’s slow economic growth and persistent employment challenges.


Banking & Financial Services

ANZ outlines new two-phase growth strategy targeting improved returns by 2030

Farhan Faruqui, Chief Financial Officer of Australia and New Zealand Banking Group (ANZ), discussed the bank's new ANZ 2030 strategy in an interview with Alicia Muling, Senior Writer at bluenotes.


Banking & Financial Services

Warburg Pincus launches takeover bid for process control software firm PSI

Warburg Pincus has announced a voluntary public takeover offer for PSI Software SE, proposing to acquire all outstanding shares at EUR 45.00 per share in cash.


Banking & Financial Services

World Bank highlights job creation as key strategy for ending poverty in Africa

On End Poverty Day, the World Bank Group highlighted its ongoing efforts to address poverty in Eastern and Southern Africa by focusing on job creation and expanding economic opportunities.


Banking & Financial Services

Fubon Financial Holdings reports record profits across subsidiaries for September

Fubon Financial Holdings announced its unaudited earnings results for September 2025, reporting a consolidated pre-tax profit of NT$20.50 billion and a net profit of NT$17.44 billion for the month.


Banking & Financial Services

UOB partners with DBS and ABC Impact on $110M sustainability-linked loan

ABC Impact, an impact investment firm supported by Temasek, has partnered with DBS and United Overseas Bank (UOB) to launch a sustainability-linked subscription loan facility.


Banking & Financial Services

FSB Chair warns incomplete reform leaves global financial system exposed

Incomplete implementation of financial reforms continues to expose the global financial system to potential shocks, according to Andrew Bailey, Chair of the Financial Stability Board (FSB).


Banking & Financial Services

World Bank urges action as climate change threatens Thailand’s economic progress

Thailand faces significant economic and social risks from climate change, according to a new Country Climate and Development Report.


Banking & Financial Services

Malaysia’s push for GovTech requires reforms in platforms, policies, people & participation

Digital transformation is increasingly central to the modernization of governments, with the aim of making public services more efficient and accessible.


Banking & Financial Services

Investors show rising interest in Germany’s security and defence sector

A recent survey by KfW Research and the German Private Equity and Venture Capital Association indicates that 30 percent of investors in Germany have already invested in companies within the security and defence sector.


Banking & Financial Services

Sarawak signs agreement with World Bank to reform state-owned enterprise governance

Sarawak has entered into a three-year agreement with the World Bank and Malaysia’s Federal Government to improve governance in State-Owned Enterprises (SOEs) and public financial management.


Banking & Financial Services

Siemens eMobility launches SICHARGE Flex EV charger for megawatt applications

Siemens eMobility has introduced SICHARGE Flex, a new electric vehicle (EV) charging system designed for the megawatt era.


Banking & Financial Services

UOB Heartbeat Run raises S$3.1 million for charities across Asia

About 24,000 participants joined the annual UOB Heartbeat Run across several Asian markets, raising S$3.1 million for children and families supported by 25 charities worldwide.


Banking & Financial Services

FSB advises authorities on improving AI risk monitoring in finance

The Financial Stability Board (FSB) has released a report offering guidance to authorities on monitoring the adoption of artificial intelligence (AI) in the financial sector.


Banking & Financial Services

World Bank publishes five-volume report on desalination governance and economics

The World Bank has released a new report addressing the growing issue of water scarcity, which is being made worse by factors such as increasing population, changing rainfall patterns, and heightened water stress.


Banking & Financial Services

World Bank launches incentive framework supporting cross-border solutions for global challenges

The World Bank introduced its Framework for Financial Incentives (FFI) in February 2025, offering middle-income countries benefits such as increased financing, extended repayment terms, and reduced interest rates for projects that generate...


Banking & Financial Services

Siemens and Envalior partner on sustainable SIRIUS 3RQ4 coupling relay

Siemens and Envalior have announced a collaboration aimed at producing more sustainable electrical products.


Banking & Financial Services

Group of major banks explores reserve-backed digital money for G7 currencies

A consortium of major international banks is examining the possibility of issuing a digital form of money that would be fully backed by reserves and pegged one-to-one with G7 currencies.