Banking
Banking
ECB’s Lane Says Bank Should Focus on Future Risks for Policy Decisions, Ft Reports
Banking
UBS Capital Requirements Should Be Proportionate, Minister Says
Banking
Unwelcome in Germany, UniCredit CEO Zeroes in on Italy
Banking
Bank of England Warns of Risks From Rise in Global Trade Barriers
Worldline Says Payment Services Disruptions in Italy Not yet Resolved
Date: November 29, 2024
MILAN (Reuters) – French digital payments company Worldline on Friday said gas roadworks accidentally damaged its network connection to its data centres in Italy, disrupting services for customers that have yet to be resolved. The disruption occurred amid the busy Black Friday shopping season. Worldline said in a statement its payment services have been disrupted...
Global Banking & Finance Review® Honors I&m Bank (Rwanda) Limited as Best Retail Bank Rwanda 2024 and Best Sme Bank Rwanda 2024
Date: November 29, 2024
Global Banking & Finance Review® is pleased to announce that I&M Bank (Rwanda) Limited has been awarded Best Retail Bank Rwanda 2024 and Best SME Bank Rwanda 2024 at this year’s Global Banking & Finance Awards®. These honors reflect I&M Bank Rwanda’s commitment to delivering exceptional retail and SME banking services, underscoring its role as...
Exclusive – HSBC Pulling Back From China Credit Card Business After Struggling to Expand, Sources Say
Date: November 29, 2024
By Selena Li and Engen Tham (Reuters) – HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world’s second-largest economy, sources with knowledge of the matter said. The Asia-focused bank has stopped issuing new cards...
The Shocking Truth About Money Mule Scams Endangering Students and Banks
Date: November 28, 2024
In today’s digital age, where scams and fraud are increasingly sophisticated, college students have become prime targets for cybercriminals. These young, often tech-savvy individuals are lured into intricate schemes, unaware of the severe consequences they may face. One such dangerous practice is money mule recruitment, a tactic where individuals are unknowingly used to launder illicit...
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...