financial-sector
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Britain’s Digital Banks Need Support Amid Banking Turmoil – Trade Body
Date: March 31, 2023
By Elizabeth Howcroft LONDON (Reuters) – Britain’s digital banks will need support over the next few weeks and months to help them cope with the market fallout from the collapse of Silicon Valley Bank, a trade body representing UK fintechs said on Friday. Investor confidence in the global banking sector has been shaken in recent...
Spain’s Santander Reaffirms Targets in Face of Recent Market Turmoil
Date: March 31, 2023
By Jesús Aguado MADRID (Reuters) -Spain’s Santander said on Friday it was on track to meet its overall financial targets for 2023 and forecast a positive trend in lending and deposits in the first quarter as it tried to restore confidence in the battered financial sector. The bank’s 2023 targets include double-digit revenue growth, a...
Analysis-Credit Suisse Collapse Threatens Switzerland’s Wealth Management Crown
Date: March 22, 2023
By John Revill ZURICH (Reuters) – The fall of Credit Suisse has dealt a serious blow to Switzerland’s credentials as the world’s leading wealth management centre, experts warn, calling into question its reputation for stability, regulation and corporate governance. Battered by years of scandals and losses, Credit Suisse had been fighting a crisis of confidence...
How Financial Institutions Can Chart a Roadmap to Post-Quantum Security
Date: March 21, 2023
By Ben Packman, Senior Vice President of Strategy at post-quantum cryptography company, PQShield Quantum computing is expected to be revolutionary for financial institutions. During 2022, we saw a number of financial institutions partnering with leading tech companies to establish quantum projects, hoping to glean a competitive advantage from this potentially transformational technology. Goldman Sachs has...
Svb Failure Shakes Financial Sector, Cements Communications’ Role as a Core Business Strategy Function
Date: March 17, 2023
By Matt Caiola, Co-CEO of 5WPR, a leading PR agency. As regulators, businesses and customers continue to investigate the causes that led to the failure of Silicon Valley Bank, the second-largest bank failure in U.S. history, one element of the story has become apparent among the rubble: what caused the bank to fail was caused...
South Korea’s Bts Member J-Hope Begins Process to Join Military
Date: February 27, 2023
By Hyonhee Shin SEOUL (Reuters) -A second member of Korea’s BTS – the first K-pop band nominated for a Grammy – has begun the enlistment process for mandatory military service, a management official confirmed on Monday, two months after the group’s oldest member began his service. BTS members said last year they would join the...