banking
Banking
Bank of England to cut Bank Rate to 4.75% on Nov. 7: Reuters poll
Banking
Italy’s Cariverona to consider buying Poste shares in Treasury’s planned stake sale
Banking
UniCredit Italian shareholder Cariverona confirms support for Commerzbank move
Banking
Europe’s banking union is crucial for merger push, says German banks group head
Russian central bank hikes benchmark rate to 21%, highest since 2003
Date: October 25, 2024
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by 200 basis points on Friday to 21%, the highest level since the early years of President Vladimir Putin’s rule, when Russia was recovering from the chaos that followed the collapse of the Soviet Union. The move, driven by...
Digital Innovation: Transforming Banking Operations
Date: October 25, 2024
A case study of creating operational excellence using the latest digital technology By Krishna Kumar, Business Head Australia, Newgen Software Technologies Pty Ltd In the prevailing era of the experience economy, online customer experience is paramount and determines better business outcomes for a bank. Digital transformation also means getting the technology mix right. Addressing operational...
South African reforms could push rand higher, central bank chief says
Date: October 25, 2024
By Karin Strohecker WASHINGTON (Reuters) – South Africa’s rand has further room to strengthen if the government in Pretoria pushes ahead with reforms and prudent policies, the country’s central bank chief Lesetja Kganyago told Reuters. The currency of Africa’s most industrialized nation has been a top emerging market performer, strengthening some 2.5% against the...
World Bank rolls out new strategy to boost economic opportunities for women
Date: October 25, 2024
WASHINGTON (Reuters) – The World Bank announced on Thursday a new gender strategy aimed at boosting economic opportunities for women and enabling their participation in the global economy through social protection and access to broadband and capital. The Gender Strategy 2024-2030, unveiled during the International Monetary Fund and World Bank annual meetings in Washington,...
FTSE 100 closes higher on earnings boost
Date: October 25, 2024
By Pranav Kashyap (Reuters) -London’s blue-chip stock index edged higher on Thursday, buoyed by upbeat corporate earnings and economic data that bolstered bets of more rate cuts from the Bank of England. The benchmark FTSE 100 closed up 0.13%, while the domestically focused FTSE 250 slipped 0.2%. Unilever gained 2.9% after the consumer goods...
Piraeus Migrates Majority of its ATM Network to Diebold Nixdorf’s DN Series® Cash Recyclers
Date: October 24, 2024
Cash recycling technology streamlines operations, reduces costs and improves the sustainability of the bank’s ATM fleet. NORTH CANTON, Ohio—Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced a pivotal development in its long-standing partnership with Piraeus, a Greek multinational financial services company. By the end of 2024,...