credit-risk-management
FinanceProviding Essential Access to Financial Services in Emerging Markets
BusinessAssessing the Credit Capacity of Small Businesses Based on Climate Change Factors
Top StoriesAllianz Trade Wins Global Banking & Finance Review’s Best Trade Credit Insurance Company Asia Pacific 2022
Top StoriesTimeline: The Bolsheviks to Putin: A History of Russian Defaults
Banks Must Act Now to Navigate the Effects of Climate Change
Date: May 17, 2022
By Peter Grant, President and Chief Commercial Officer of OakNorth Credit Intelligence There will continue to be a symbiotic relationship between climate change, credit risk management and commercial lending going forward, and banks across the United States, and indeed globally, are keeping a keen eye on this. According to a survey conducted at OakNorth’s latest...
ING Misses Q1 Profit Estimates as Russia Provisions Hit Earnings
Date: May 6, 2022
By Toby Sterling AMSTERDAM (Reuters) -ING Groep NV, the largest Dutch bank, reported on Friday a worse-than-expected quarterly net income of 429 million euros ($452 million), including a surge in provisions for bad loans due to its exposure in Russia and Ukraine. Analysts had forecast first-quarter net income at 679 million euros, according to Refinitiv...
Wall Street Sees Greater Risk of Default by Major Banks
Date: May 3, 2022
By Mehnaz Yasmin (Reuters) – The cost to insure bonds of Goldman Sachs, Morgan Stanley and Citigroup against default hit two-year highs on Monday on growing fears the U.S. Federal Reserve’s aggressive moves to tame inflation might tip the economy into recession. Credit risks have worsened since the Ukraine crisis as some big U.S. banks...
HSBC Puts 2022 Buyback Ambitions on Ice as Inflation Accelerates
Date: April 26, 2022
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) -HSBC has shelved plans for new stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical tensions and economic weakness dented its prospects. Shares in Europe’s biggest bank were trading 3.6% lower by 1014 GMT against...
Explainer-Clock Ticks Down Towards a Russian Default
Date: April 8, 2022
LONDON (Reuters) – Russia could face its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even though the payment was due in U.S. dollars. Russia has not defaulted on its external debt since the aftermath of its 1917 revolution, but...
Leaning Into Innovation to Bring Newfound Speed and Accuracy to Credit Risk Modelling
Date: April 6, 2022
Global survey findings reveal a great state of uncertainty in credit risk modelling, underscoring the need for AI, machine learning, and alternative data By Kim Minor, Senior Vice President, Global Marketing at Provenir With all the disruption stemming from COVID-19 over the past two years, how sound are credit risk models? This was one of...