Latest News for: Worlds biggest banks


Standard Bank partners with DP World on trade finance

Business Day 29 May 2023
Standard Bank, Africa’s biggest lender by assets, has partnered with Dubai-based logistics and supply chain ...

Foreign investors withdrew $36 bln after selling businesses in Russia - RIA

Reuters 29 May 2023
... from the country, the state RIA news agency reported on Monday, citing analysis of data from the Central Bank. Scores of the world's biggest companies have left or scaled back their operations in Russia in response to Moscow's invasion of Ukraine in February 2022.

‘There were no rules down here’: New York resurrects popular skate park

The Observer 28 May 2023
Meera Joshi, New York’s deputy mayor for operations, said the 140th anniversary of the completion of the Brooklyn Bridge, and the reopening of the banks, represented the “mini worlds and crossroads and many worlds” ...Brooklyn Banks was always the No 1, and definitely one of the biggest and well-known spots in the world,” he said.

New York City is withholding new deposits at five banks accused of inaction on discrimination

Yahoo Daily News 27 May 2023
Holding banks to a new standard ... Following the first-ever public hearing held by the New York City Banking Commission yesterday (May 25), all three members voted to limit deposits at Capital One—the ninth-biggest bank in the US —and KeyBank ... The world’s biggest banknote printer said the demand for cash hit a two-decade low.

Morgan Stanley Asia job cuts include key China bankers, six MDs

Financial Express 26 May 2023
The latest reduction in China-focused investment banking jobs would be the deepest among Wall Street banks because Morgan Stanley has historically had a bigger team focused on sourcing deals in the world’s second-biggest economy ... deals in the world’s second-biggest economy.

Norway's wealth fund puts Indonesian SOE under observation on risk to prehistoric art

Reuters 26 May 2023
A Semen Indonesia (SMGR.JK) subsidiary operates a mine near 18 caves in South Sulawesi which house some of the world's oldest paintings, Norges Bank, which manages the world's biggest sovereign wealth fund Norges Bank Investment Management (NBIM).

Growing out of the developing-country debt crisis

B & FT Online 26 May 2023
The sovereign-debt crisis was high on the agenda at this year’s Spring Meetings of the World Bank and International Monetary Fund, with all eyes on China – biggest creditor to the developing world, and the (IDA) – the Bank’s fund for the poorest countries.

‘The mother of all crises.’ A US debt default would ricochet around the world

CNN 26 May 2023
It makes the dollar the world’s reserve currency and US Treasury securities the bedrock of bond markets worldwide ... This was highlighted in comment this week by the head of one of the world’s biggest lenders. World Bank President David Malpass told CNN’s Julia Chatterley that the institution didn’t have “a special war room” to manage the threat.

Jpmorgan Developing A Chatbot That Gives Investment Advice

MENA FN 26 May 2023
(MENAFN - JPMorgan Developing A Chatbot That Gives Investment Advice JPMorgan Chase (JPM), the biggest bank in the world, says it is developing an artificial intelligence-powered (AI) ... .

The Final Countdown: Goldman Sachs Economists Expect US Default by June 9

Sputnik 26 May 2023
Two economists working for one of the world’s biggest banks have made a startling announcement. the US government has about two weeks’ worth of money left before it will be forced to default on its debt ....

TD to build U.S. business brick by brick, after First Horizon set back

Reuters 26 May 2023
expansion by focusing on organic growth, after its M&A-led strategy in the world's biggest banking market suffered a setback this month, a top official told Reuters on Thursday ... The bank earned about 40% of its second-quarter adjusted net income from its retail business ...

Insurers flee climate alliance after ESG backlash in the U.S.

Reuters 25 May 2023
While other financial industry alliances including one for banks have not suffered many departures, the exit of so many of the world's biggest insurers is a blow to U.N.-led efforts to harness the power of coalescing financial institutions to try and drive emissions lower.

How Afeximbank emerged largest financier of Dangote Refinery

Business Day Online 24 May 2023
... of the over $19 billion Dangote Refinery, the world’s biggest refinery of its type.

Traders accused of ripping off the taxpayer by colluding on UK bond prices

The Daily Telegraph 24 May 2023
Five of the world’s biggest banks have been accused of ripping off UK taxpayers after sharing sensitive information when trading government bonds ... Deutsche Bank blew the whistle on the case after discovering the activities at its own bank. As a result, Deutsche Bank won’t be fined under any final judgement ... A spokesman for Deutsche Bank said.

British government reduces stake in bailed-out bank NatWest to below 40%

The Associated Press 22 May 2023
... its stake in the bank has fallen below 40% ... Royal Bank of Scotland, as it was known then, was one of the biggest near-collapses during the financial crisis following years of rapid expansion that saw it become one of the world's biggest banks.

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Russian President Vladimir Putin chairs a Security Council meeting via videoconference in Moscow, Russia, Wednesday, April 5, 2023
AP / Gavriil Grigorov
In this photo provided by the Belarusian Presidential Press Service, Belarusian President Alexander Lukashenko delivers a state-of-the nation address in Minsk, Belarus, Friday, March 31, 2023
AP / Belarusian Presidential Press Service