Banking

Image for Thai government, central bank to keep inflation target for 2025

Banking

Thai Government, Central Bank to Keep Inflation Target for 2025

Image for Santander third-quarter lending income hit by lower rates

Banking

Santander Third-Quarter Lending Income Hit by Lower Rates

Image for Bank of England to cut Bank Rate to 4.75% on Nov. 7: Reuters poll

Banking

Bank of England to Cut Bank Rate to 4.75% on Nov. 7: Reuters Poll

Image for Italy’s Cariverona to consider buying Poste shares in Treasury’s planned stake sale

Banking

Italy’s Cariverona to Consider Buying Poste Shares in Treasury’s Planned Stake Sale

Image for UniCredit Italian shareholder Cariverona confirms support for Commerzbank move

UniCredit Italian Shareholder Cariverona Confirms Support for Commerzbank Move

Date: October 29, 2024

MILAN (Reuters) – Fondazione Cariverona, a major Italian shareholder in UniCredit, confirmed its support for the bank’s management in regards to Commerzbank, its chairman said on Monday. UniCredit has upset officials in Germany by becoming the biggest private investor in Commerzbank and preparing the ground to potentially become its single biggest shareholder, leapfrogging the...

Image for Europe’s banking union is crucial for merger push, says German banks group head

Europe’s Banking Union Is Crucial for Merger Push, Says German Banks Group Head

Date: October 28, 2024

By Maria Martinez WASHINGTON (Reuters) – Progress on European banking union is vital to policymakers’ push to encourage cross-border mergers because banks will only be able to leverage synergies if there is a common market for their services, the head of Germany’s banks’ association said. Designed after the financial crisis, the banking union aims to...

Image for Russian central bank hikes benchmark rate to 21%, highest since 2003

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...

Image for Digital Innovation: Transforming Banking Operations

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...

Image for South African reforms could push rand higher, central bank chief says

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...

Image for World Bank rolls out new strategy to boost economic opportunities for women

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,...