business-banking
BankingThe Competitive Advantages of Offering Business Banking Solutions
BusinessWith Interest Rates Up, SMBs Are Turning to Banks for Innovative Solutions
TradingMcDonald’s Beats Sales, Profit Estimates on Boost From Pricier Menu
BankingHow Community Banks and Credit Unions Can Stop Their Loan Processes From Holding Them Back
Factbox-Britain’s Plans to Shield Businesses From Soaring Energy Prices
Date: September 21, 2022
LONDON (Reuters) – British businesses are facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the security of energy supplies. Below are some of the government’s plans announced on Wednesday to help shield businesses from the rising costs: PRICE CAP...
Britain’s Lloyds Racks up $350 Million of Likely Scam Covid Loans
Date: September 6, 2022
By Lawrence White and Iain Withers LONDON (Reuters) -Lloyds Banking Group has been hit by more than 300 million pounds ($348 million) of suspected fraud linked to COVID-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data. British banks overall have classified some 1.1 billion pounds worth of...
UniCredit Sets Out $8 Billion Aid Package for Italy Clients Hit by Surging Prices
Date: September 6, 2022
By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank, UniCredit, on Monday unveiled a set of measures worth up to 8 billion euros ($8 billion) to ease the pain of firms and households hit by record energy costs and a wider price surge. Chief Executive Andrea Orcel told a press call that UniCredit, which operates also...
Citigroup Says Will Close Russian Consumer, Commercial Business
Date: August 25, 2022
By Lananh Nguyen (Reuters) -Wall Street giant Citigroup Inc will close its consumer and commercial banking businesses in Russia starting this quarter and expects to incur about $170 million in charges over the next 18 months as a result, the company said on Thursday. The U.S. bank with the largest presence in Russia announced plans...
SMEs Falling Through the Financing Cracks: How FinTech Can Be the Hero
Date: August 25, 2022
By Michael Pierce, Commercial Director, Banking at FintechOS For any financial institutions that loan money to small- and medium-sized enterprises (SMEs), the message is loud and clear. SMEs can’t get sufficient funds quickly enough to stay in business, so lenders are losing customers. This is not only bad news for lenders, it’s bad news for...
Cricket-Players Prioritising T20 Leagues Hardly a Boult From the Blue
Date: August 11, 2022
By Amlan Chakraborty NEW DELHI (Reuters) – Trent Boult giving up his New Zealand Cricket contract is another sign of a revolution sweeping through the game — a change happening not at the leisurely pace of a test match but at the breakneck speed of a Twenty20 innings. A key figure in the teams that...