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Marcos, Son of Strongman, Triumphs in Philippines Presidential Election
Date: May 9, 2022
By Karen Lema and Neil Jerome Morales MANILA, (Reuters) -Ferdinand Marcos Jr clinched a stunning runaway victory in the Philippines’ presidential election on Monday in the first win by a majority since a 1986 revolution that toppled his late father’s two-decade dictatorship. An unofficial tally showed Marcos, popularly known as “Bongbong”, had surpassed the 27.5...
Revive and Thrive: How Financial Organisations Can Conquer Their Current Challenges
Date: May 9, 2022
By Mark Jenkins, Chief Finance Officer, MHR The UK financial sector is still reeling from the effects of the past few years, and while there has been some gradual recovery in parts, the economy faces new headwinds of increased inflation and political uncertainty. Likely influenced by these recent events, the continuing skills shortage, the switch...
Overdraft Reform: A Guide to the Essential Elements Needed
Date: May 9, 2022
Banking fees are only part of the problem in the great overdraft debate By Joel Schwartz, Co-CEO, DoubleCheck Solutions Banking is a business, and its primary goal is making money. As a result, the ongoing overdraft debate has focused mainly on fees. As a result of the ongoing discussion, several banks have already reduced or...
UniCredit Launches Staff Training Pilot Project in Italy
Date: May 3, 2022
MILAN (Reuters) – Italian bank UniCredit said it had launched a pilot project to train staff in Italy to try to boost retention rates, weeks after rival heavyweight Intesa Sanpaolo announced a venture with a private equity firm centred around its learning operations. UniCredit CEO Andrea Orcel said retention rates were between 30% and 50%...
German Financial Watchdog Warns of ‘very Big’ Risk of Cyberattacks
Date: May 3, 2022
FRANKFURT (Reuters) – Germany’s financial regulator BaFin on Tuesday warned of a “very big and very present” risk of cyberattacks in the wake of Russia’s invasion of Ukraine. BaFin has long warned about cyber risks, but the statements mark a harsher tone. “The war has made cyberattacks on the German financial sector more probable,” BaFin...
Far Fewer German Companies Fearing for Survival – Ifo Survey
Date: May 2, 2022
BERLIN (Reuters) – The number of German companies fearing for their survival has fallen significantly, despite the economic risks posed by the war in Ukraine, a survey showed on Monday. The Ifo institute said that 7.1% of the nearly 8,500 companies surveyed feel their existence is threatened, almost half the proportion found in the last...