Banking &amp; Financial Services News on Globe Banner

HSBC Holdings plc reported its financial results for the third quarter of 2024, showing a profit before tax increase to $8.5 billion, up by $0.8 billion compared to the same period last year.

DEG hosts reception at National Gallery Singapore focusing on corporate resilience

On October 1, the DEG office in Singapore held a reception at the National Gallery Singapore.

OKX partners with Standard Chartered for enhanced crypto custody solutions

OKX, a prominent cryptocurrency exchange and onchain technology company, has announced the appointment of Standard Chartered as its third-party crypto custodian for global institutional business.

Tips for staying vigilant against emerging fraud methods

Take our basic quiz – 6 questions you will learn from Keep your eyes open on social media – this is how you think smart Understand Norwegian?

Fubon's subsidiaries win big at Taiwan's Digital Financial Award

Fubon Financial Holdings' subsidiaries have received recognition at the 2024 Digital Financial Award organized by Commercial Times.

Amazonia Bonds: New guidelines aim to finance sustainable projects in the region

The Inter-American Development Bank (IDB) and the World Bank have unveiled guidelines for Amazonia Bonds, a new capital markets instrument aimed at financing activities that positively impact local communities, biodiversity, and zero deforestation...

Nepal secures $150M from World Bank to boost disaster resilience

The Government of Nepal and the World Bank have formalized a US$150 million financing agreement aimed at enhancing Nepal's disaster response capabilities.

World Bank aids Haitian displaced with essential WASH support

Marie Jeanne Montrose, a widow with four children, is among the many displaced individuals in Port-au-Prince, Haiti.

World Bank forecasts declining commodity prices amid global slowdown

The World Bank has released its latest Commodity Markets Outlook, predicting a continued decline in most commodity prices into 2025. This follows a period of exceptional growth between 2021 and mid-2022. According to the report, energy prices are projected to drop by 14% next year after an expected fall of 26% this year.

Blackstone closes first series U.S. direct lending fund with $22 billion

Blackstone has announced the final closure of the first series of its U.S. direct lending fund, Blackstone Senior Direct Lending Fund (BXD), amassing $22 billion in investable capital.

Morgan Stanley honored with two industry awards from MMI/Barron's

Morgan Stanley has been recognized with two prestigious awards from the Money Management Institute (MMI) and Barron’s. The firm received the Wealth Manager Platform of The Year Award for its Morgan Stanley Wealth Management (MSWM) Select UMA...

COP29 focuses on finance as key issues take center stage

The upcoming UN Climate Change Conference, COP29, is scheduled to occur in Baku, Azerbaijan, from November 11-22.

World Bank grants $21 million for Samoan finance sector development

The World Bank has approved a $21 million grant to support the Samoa Finance Sector Resilience and Development Project.

KfW IPEX-Bank finances major Turkish wind farm project

KfW IPEX-Bank is playing a key role in the development of the "Enerjisa YEKA-2" onshore wind farm project in Türkiye.

Hexagon's R-evolution aims for sustainability through data-driven green-tech ventures

Erik Josefsson, CEO of R-evolution, a venture within Hexagon, discusses the company's efforts to accelerate the transition to a sustainable economy.

Sweden and Iceland invest in World Bank's hybrid capital

By Globe Banner | Oct 26, 2024

Sweden and Iceland have announced their commitments to invest in hybrid capital, a financial product that significantly enhances the World Bank's lending capacity.

Rogun hydropower plant project progresses towards regional energy security

By Globe Banner | Oct 26, 2024

Tajikistan is progressing with the Rogun Hydropower Plant Project, which aims to enhance energy security and promote renewable energy in Central Asia.

Yuanta Group wins 14 National Brand Yushan Awards across multiple categories

By Globe Banner | Oct 25, 2024

Yuanta Financial Holding Company (FHC) and its subsidiaries have received recognition at the 21st National Brand Yushan Awards, securing a total of fourteen awards.