banking
Banking
Worldline says payment services disruptions in Italy not yet resolved
Banking
Global Banking & Finance Review® Honors I&M Bank (Rwanda) Limited as Best Retail Bank Rwanda 2024 and Best SME Bank Rwanda 2024
Banking
Exclusive – HSBC pulling back from China credit card business after struggling to expand, sources say
Banking
The Shocking Truth About Money Mule Scams Endangering Students and Banks
Standard Chartered mulls sale of wealth, retail operations in Africa
Date: November 27, 2024
By Rishav Chatterjee (Reuters) -Standard Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant looks to free up capital in the midst of a broad shake-up. The Asia-focussed lender, like rival HSBC, is restructuring its business to focus...
Benjamin Wey Pioneers Commercial Banking and Private Equity Amidst Global Financial Shifts
Date: November 27, 2024
New York City, NY – Benjamin Wey, an influential figure in the world of commercial banking and private equity, continues to redefine global finance with his unparalleled expertise and visionary leadership. As the CEO of New York Global Group, one of Wall Street’s leading private equity firms, Benjamin Wey has played a pivotal role in...
AI in Banking: How can legacy banks avoid falling behind?
Date: November 27, 2024
By Daniel Telling, Chief Growth Officer at Dufrain Artificial Intelligence (AI) is everywhere. It’s in the mainstream media, presidential election campaigns, and if you’re in Japan, it’s even in the public bathrooms. But as AI awareness and popularity grows, the pressure is mounting on organisations to not only keep pace, but to also leverage AI...
Russian rouble down by one quarter since early August
Date: November 27, 2024
By Gleb Bryanski MOSCOW (Reuters) – The Russian rouble weakened further against the U.S. dollar and China’s yuan on Wednesday and is down by over 24% since early August, when it started the current slide. The rouble’s fall caught off guard economists who expected the Russian currency to hit the 100 mark against the dollar...
HSBC loses court challenge against $33.4 million EU cartel fine
Date: November 27, 2024
By Foo Yun Chee BRUSSELS (Reuters) -HSBC on Wednesday lost its challenge against a 31.7 million euro ($33.4 million) EU cartel fine after Europe’s second top court sided with EU regulators in the long-running case. The European Commission, which acts as the EU competition watchdog, levied the fine in 2021, saying HSBC, JPMorgan Chase and...
Italy’s League announce bill to overhaul central bank’s governance
Date: November 26, 2024
By Angelo Amante and Giuseppe Fonte ROME (Reuters) – Italy’s co-ruling League party said on Tuesday it was drawing up a bill to boost politicians’ powers to name senior central bank policymakers, reforming the current system by which appointments are largely made mainly internally. “Parliamentary involvement is imperative to avoid a dangerous self-referentiality of supervisors,”...