UK Impact Investment Bank Launches Impact Measurement Tool London-based ClearlySo is an investment banking firm that helps social enterprises raise capital from impact investors, those who seek a social impact along with a financial return.
Tags: Bank
UBS Starts Slashing Asia Private Banking Positions as Earnings Fall: Report
UBS reportedly began cutting off Asia private banking personnel as the largest wealth manager in the region struggled with declining revenues.
Thailand’s Biggest Bank Closes A $860 Million Deal With Home Credit Vietnam
SCB X's acquisition of Home Credit's business in Vietnam for US$860 million will help its regional presence in a tech-savvy population.
Singapore's Biggest Bank DBS Cuts Ceo’s Variable Pay by 30% Due to Multiple Digital Service Disruptions
DBS, the largest bank in Singapore, reported record earnings for the year 2023 but cut the variable pay of its CEO and other top executives.
HSBC Hit With $73 Million Fine by UK Watchdog for Deposit Protection Failings
The Bank of England fined HSBC £57.4 million ($72.8 million) for "serious failings" in customer money protection.
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Prime Minister Narenda Modi had scrapped off the Rs 500 and Rs 1,000 notes, hurting different sectors of the economy. The move resulted to decreased sales and slowed operations on sectors like automobiles, tourism, banking and e-commerce.
Reports have foreseen that retail and sme sectors will be the next bubbles. Speaking at the Business Standard Banking Round Table, Sharma also said credit growth to the corporate sector has been relatively weak The retail and medium-sized enterprises sectors have been showing credit demand but the banking industry is worried that they could be the next bubble, said Axis BankManging Director & CEO Shikha Sharma while speaking at the Business Standard Banking Round Table 2016.
The deal between TD Ameritrade and Bank Deal is almost near to the scottrade deal. TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are close to a deal to buy online brokerage Scottrade Financial Services Inc.
Men and Women came to join again the said marathon to defend their titles and to be the best of the best.
Wells Fargo is at the middle of big scandal right now as it is being investigated by board and senate.Answers several authority inquiry.
As settlement for hiding bad loans and house desolation, Wells Fargo will pay $1.2 billion. The bank lender admitted of cheating the government by insuring thousands of risky mortgages although they are not eligible.
Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO.
China’s ruling party decided to replace the country’s chairman of the securities regulator, Xiao Gang, with former central banker Liu Shiyu. The regulator has taken the blame for failing to stabilize the market turbulence in the country over the year.
The timeframe to this plan is still unknown, but the central bank claims that the process has been going on since 2014. China has stated some benefits for having a digital currency in their financial system, including transparency, digital track-recording, as well as reducing transaction costs. Bitcoin, a global digital currency, gained popularity in China in 2013 but has also brought some controversies about the risks.
