Stories Tagged: banking

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Equity Group's Expansion and Acquisition Strategy in East Africa

Innergex Renewable Energy and Equity Group Holdings have both made significant moves to expand... (1 revisions)

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The Changing Landscape of Banking: Lloyds, Barclays, and Entain

In the ever-evolving world of banking, three major players, Lloyds, Barclays, and Entain, are... (1 revisions)

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The Worst Performing Industries in 2023: A Deep Dive into the Challenges Faced by Various Sectors

In a year marked by economic uncertainty, the performance of industries has been closely... (2 revisions)

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UniCredit Acquires 9% Stake in Alpha Bank, Expands Presence in Romania

UniCredit, an Italian bank, has acquired a 9% stake in Greece's Alpha Bank from the Greek... (2 revisions)

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Eastern Bank Reports 23% Decline in Q3 Profit Amid Rising Income

Eastern Bank PLC has reported a significant 23% year-on-year decline in net profit for the third... (2 revisions)

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CBN Approves Merger of Providus Bank and Unity Bank in Nigeria

In a recent development, the Central Bank of Nigeria (CBN) has given its approval for the merger... (2 revisions)

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The Role of Banks in the Economy and the Importance of Tax Reform

In a recent opinion piece by Peter Switzer on Switzer, the author discusses their perspective on... (2 revisions)

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Kiwibank Cuts Home Loan Rates Amid Falling Wholesale Rates

Kiwibank has announced a reduction in its fixed home loan rates, aligning with recent decreases... (3 revisions)

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HSBC Announces $3 Billion Stock Buyback Amid Strong Q3 Results

HSBC has announced a significant $3 billion stock buyback following a robust third-quarter... (4 revisions)

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Debt Trends in Australia Amidst U.S. Election Uncertainty

As of October 2024, Australia's debt market has experienced a significant surge, with total debt... (6 revisions)

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PSU Stocks in India: Potential Surge in Banking Fortunes

The Indian economy has shown resilience despite political concerns [78bc5c3f]. Indian stock... (7 revisions)

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How is Jamuna Bank Adapting to Client Needs in 2024?

Jamuna Bank has recently enhanced its service quality and introduced a comprehensive pack of... (8 revisions)

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CWTEC 2024 Explores the Potential of Engineering AI for Critical Systems

Syntec Optics (Nasdaq: OPTX) announced that Company Chairman and CEO Al Kapoor has been invited... (9 revisions)

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Elderly Man Loses $130,000 in Publishers Clearing House Scam: The Growing Threat of Cyber-Criminals

Scammers continue to target vulnerable individuals, with a recent case involving a 75-year-old... (10 revisions)

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Understanding the Rise and Risks of Payment Apps

Payment apps like PayPal, Venmo, and Cash App have surged in popularity, with nearly 75% of U.S.... (10 revisions)

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JPMorgan Takes Legal Action Against 'Infinite Money Glitch' Fraudsters

JPMorgan Chase has initiated lawsuits against individuals who exploited an 'infinite money... (11 revisions)

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How Will President Tinubu's $1 Trillion Economy Vision Transform Nigeria's Real Sector?

In recent years, Nigeria has witnessed a significant shift in its economic focus from production... (12 revisions)

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JPMorgan Chase CEO Wraps Up Summer Tour in Bentonville, Discusses Bank's Expansion and Focus on Local Communities

JPMorgan Chase, a US banking giant, recently concluded its summer bus tour across the central... (13 revisions)

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Happiest Minds Technologies strengthens its domain capabilities with the acquisition of PureSoftware Technologies

Indian IT services and consulting firm Happiest Minds Technologies has made another strategic... (14 revisions)

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Standard Chartered Reports Strong Earnings and Strategic Shift Towards Wealth Management

Standard Chartered PLC has reported a net profit of US$931 million for the third quarter of... (15 revisions)

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Retail Giants Tighten Currency Acceptance Amid Counterfeit Concerns

Starting October 2024, major retailers including Walmart, Target, and Dollar Tree will stop... (15 revisions)

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Standard Chartered CEO Discusses the Growing Importance of Cybersecurity in the Banking Industry

Standard Chartered Bank's CEO, Bill Winters, recently spoke about the increasing focus on... (17 revisions)

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Rockefeller Group, Peapack Private, and BlackRock Make Senior Executive Appointments in New York and Asia Pacific

Rockefeller Group has appointed Marisa Gadlin as the senior vice president and head of Core... (17 revisions)

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JPMorgan Chase Withdraws Resolution Amidst Pressure to End Discrimination

JPMorgan Chase (JPMC), the world's largest bank, has withdrawn a resolution that would have... (18 revisions)

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NDIC Enhances Payment Process for Heritage Bank Depositors Amid Recapitalization Efforts

In Nigeria, the ambition to elevate the economy to a $1 trillion powerhouse is increasingly... (18 revisions)

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Is Silver's Surge a Sign of Banking Instability?

Silver prices have recently soared, with analysts attributing this rise to a combination of... (19 revisions)

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McKinsey Warns of Temporary Profit Gains Amid Rate Cuts

Barclays plans a £2bn cost-cutting drive and aims to return £10bn to shareholders over the next... (19 revisions)

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Will EU Banking Regulations Strengthen Financial Stability Amid Global Competition?

Maria Luís Albuquerque, recently nominated for the role of Financial Services Commissioner, has... (20 revisions)

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Hong Kong Fintech Groups Target Southeast Asia's Banking and Insurance Markets

Hong Kong's fintech landscape is rapidly evolving as companies like WeLab and OneDegree Group... (20 revisions)

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Banks Face Operational Risks and Cybersecurity Threats, OCC Report Finds

Cambridge-based computer firm Raspberry Pi, known for its affordable single-board computers, is... (21 revisions)

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Consumer Satisfaction in Banking: A Positive Outlook Amidst Industry Changes

The U.S. banking landscape has undergone significant changes, with the number of commercial... (23 revisions)

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Opening a Bank Account in the United States as a Non-Resident: What You Need to Know

Small business owners in the U.S. continue to face challenges in obtaining financing from... (24 revisions)

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Can Hong Kong's SMEs Overcome Loan Challenges Amid Economic Strain?

Hong Kong's commerce minister, Algernon Yau, has officially ruled out the revival of the... (25 revisions)

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Reassessing Banking Oversight: A Call for Privatization?

In March 2023, the U.S. banking sector faced a significant crisis with the failure of three... (28 revisions)

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Fed's Kashkari Highlights Private Credit's Role in Mitigating Systemic Risk

The private credit industry, currently valued at $1.7 trillion, is experiencing significant... (32 revisions)

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Chicago's Selfreliance Federal Credit Union Expands with Assets Surpassing $1 Billion

Chicago's Selfreliance Federal Credit Union, led by President and CEO Vitaliy Kutnyy, is... (34 revisions)

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MUFG Expands Middle Market Healthcare Finance with New Hires

Mitsubishi UFJ Financial Group (MUFG) has hired two senior bankers, Mehul Patel and Gilroy... (37 revisions)

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Senator Durbin Backs Illinois Interchange Law Amid Legal Challenges

U.S. Senator Dick Durbin has shown his support for the Illinois Interchange Fee Prohibition Act... (38 revisions)

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Real-Time Payments Projected to Boost Global GDP by $285.8 Billion by 2028

A recent study by ACI Worldwide has revealed that real-time payments are expected to generate a... (45 revisions)

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Do Stress Tests Accurately Reflect Bank Stability?

The Federal Reserve's yearly stress tests have become a focal point in assessing the stability... (46 revisions)

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CSC Holdings Expands Reach with Investment in Philippine Bank

City National Bank is set to open a new branch in Whittier, California, in early 2025. This... (48 revisions)

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Georges Elhedery Takes Charge at HSBC Amidst Challenges

Georges Elhedery officially begins his tenure as the new CEO of HSBC on September 2, 2024,... (52 revisions)

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Citigroup's Strategic Exit from Haiti and Its Impact on Latin America

Citigroup CEO Jane Fraser has highlighted that US consumers are becoming more cautious with... (95 revisions)

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Insights from Industry Leaders on Economic Trends and Innovations

In a recent exclusive interview, Instacart's Dan Denker discussed the impact of AI on grocery... (300 revisions)