Banking & Financial Services News on Globe Banner

Latest News


Banking & Financial Services

World Bank honors Georgian firms at annual transparency awards

The World Bank has recognized companies for their excellence in corporate reporting and transparency at the 6th "Best Annual Report and Transparency Award" (BARTA) ceremony held in Tbilisi.


Banking & Financial Services

World Bank approves new project supporting renewable energy in three Caribbean nations

The World Bank's Board of Executive Directors has approved a new project aimed at enhancing energy efficiency and promoting renewable energy in Grenada, Guyana, and Saint Lucia.


Banking & Financial Services

Standard Chartered expands private banking team by 20% in UAE

Standard Chartered Global Private Bank has announced a 20% expansion of its frontline private banking team in the UAE.


Banking & Financial Services

NCUA prohibits former Altana Federal Credit Union employee from working in federally insured institutions

The National Credit Union Administration (NCUA) has issued a consent order in February 2025, permanently prohibiting an individual from participating in the affairs of any federally insured depository institution.


Banking & Financial Services

World Bank funds $100M project to boost higher education in Tunisia

The World Bank's Board of Directors has approved a US$100 million project to enhance the quality and governance of higher education in Tunisia.


Banking & Financial Services

Standard Chartered unveils transition plan towards net zero goals

Standard Chartered has unveiled its Transition Plan, detailing the bank's approach to integrating climate considerations into its business operations and decision-making processes.


Banking & Financial Services

Upper Egypt development program boosts economy through entrepreneurship

Upper Egypt, which is home to 38% of Egypt's population, faces challenges in economic development and job creation despite its potential for growth.


Banking & Financial Services

KfW IPEX-Bank supports Carisbrooke Shipping's fleet modernization with EUR 26 million financing

KfW IPEX-Bank is providing financial support to Carisbrooke Shipping for its fleet renewal initiative.


Banking & Financial Services

Australian students turn to Saver Plus program to ease education cost pressures

As the academic year begins in Australia, many university and TAFE students are seeking financial support through Saver Plus, a well-established financial education and matched savings program.


Banking & Financial Services

KPMG and KfW report urges steps for scalable DLT-based capital markets

KPMG and KfW have released a detailed analysis on the maturity of the DLT-based capital market in Germany and Europe.


Banking & Financial Services

Ethiopia's new digital ID system aims for nationwide inclusion

The new national digital ID system, Fayda, is changing the landscape in Ethiopia by offering access to essential services for millions of people.


Banking & Financial Services

NCUA reports Q4 growth in share insurance fund

The National Credit Union Administration (NCUA) Board convened for its second open meeting of 2025, where the Chief Financial Officer presented a report on the performance of the National Credit Union Share Insurance Fund for the fourth quarter...


Banking & Financial Services

Burtinle District Hospital wins architecture award for sustainable design

Somalia has been grappling with significant challenges such as social inequality, extreme poverty, ongoing conflicts, and climate change-induced weather events.


Banking & Financial Services

World Bank suggests fiscal reforms for macroeconomic stability in Zimbabwe

The Government of Zimbabwe has initiated a series of reforms to restore macroeconomic stability, according to a new Public Finance Review (PFR) released by the World Bank.


Banking & Financial Services

World Bank directors conclude visit to Bhutan reaffirming support

A delegation of nine World Bank Group Executive Directors concluded a five-day visit to Bhutan, reaffirming the institution's support for the country's development priorities.


Banking & Financial Services

ING to redeem two series of senior notes totaling $1.75 billion

ING has announced its decision to redeem two series of outstanding SEC registered securities.


Banking & Financial Services

Binance CEO: Binance 'helped prevent $4.2B in potential losses'

Richard Teng, CEO of Binance, a global cryptocurrency exchange, said that the company's "proactive security measures" helped reduce the volume of illicit crypto transactions last year.


Banking & Financial Services

Survey finds Asian women more financially secure but face ongoing challenges

Women in Asia have made significant progress in financial empowerment, according to a new study by Sun Life Asia.


Banking & Financial Services

Siemens partners with DOMO Chemicals for sustainable circuit breakers

Siemens has introduced the SENTRON 5SV3 residual current circuit breaker (RCCB), type A/AC, as its first product to incorporate TECHNYL 4EARTH from DOMO Chemicals.


Banking & Financial Services

Nominations open for Sustainability Impact Awards 2025

The Sustainability Impact Awards 2025, jointly presented by The Business Times and UOB, are now open for nominations until May 16, 2025.