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BankingThe Fight Against Anti-Money Laundering Should Be a Priority for the Future of All Banks
BNP Paribas Profit Beats Estimate as Bad Loan Provisions Dip
Date: July 29, 2022
By Julien Ponthus PARIS (Reuters) – French bank BNP Paribas reported better-than-expected profit in the second quarter, after bad loan provisions dipped despite the economic slowdown and as businesses remained buoyant, particularly in its investment banking division. France’s biggest-listed lender said on Friday its net income rose 9.1% to 3.18 billion euros ($3.25 billion) year-on-year...
Mitigate Risk and Accelerate Growth With ‘fit for Business’ Data
Date: July 28, 2022
By Peter Ku, VP & Chief Industry Strategist – Financial Services, Informatica The last two years have been unprecedented for financial services organisations, with the industry undergoing one of the biggest, most transformative periods since the introduction of the internet. During this time, with Covid being a significant force for change, the industry has seen...
Barclays Latest Global Bank Ensnared in U.S. ‘Whatsapp’ Probes
Date: July 28, 2022
By Iain Withers and Tom Sims LONDON/FRANKFURT (Reuters) – Barclays joined a host of European banks feeling the pinch of a U.S. regulatory probe into breaches related to the use of messaging apps such as Whatsapp, setting aside $200 million to cover the costs in half-year results on Thursday. U.S. regulators have been cracking down...
Egypt Cancels Contracts for 240,000 T of Stranded Ukrainian Wheat -Sources
Date: July 27, 2022
By Sarah El Safty CAIRO (Reuters) – Egypt has cancelled contracts for a total of 240,000 tonnes of Ukrainian wheat that were booked by its state grains buyer for February and March delivery but never loaded due to Russia’s invasion of Ukraine, two people with knowledge of the matter said. Reuters reported in May that...
Seafarer Shortage Stands in Way of Ukraine Grain Corridor
Date: July 27, 2022
By Jonathan Saul LONDON (Reuters) – Finding enough seafarers willing to sail ships stuck inside Ukraine’s ports is set to pose a major challenge to the proposed grains corridor designed to ease an international food crisis. Russia and Ukraine last week signed a deal to restart grain and fertiliser exports that have been blocked in...
Russia Cuts Gas Flows Further as Europe Urges Energy Saving
Date: July 27, 2022
By Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) -Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of the winter heating season. The cut in supplies, flagged...