NATWEST Group became the first UK bank to have its emissions-reductions claims approved by the Science Based Targets initiative (SBTi), as such certifications take on greater importance for a growing number of investors.
THE Philippines has moved closer to setting up a sovereign wealth fund after the House of Representatives approved a measure pushed by President Ferdinand Marcos Jr, just over two weeks after it was filed.
RUSSIAN commercial lender Rosbank has halted operations in US dollars, euros and dirhams, warning that some transactions could be blocked, after Washington imposed sanctions on Thursday (Dec 15) on the bank and its owner, Vladimir Potanin.
IN 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers as a way to restore profitability.
IN 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers, as a way to restore profitability.
INVESTMENT giant Hillhouse Capital is consolidating its two Singapore locations by moving to one of the city-state’s most premier office buildings overseeing the Marina Bay skyline, according to people with knowledge of the matter.
WITH investment-banking revenue plummeting and a recession looming, Wall Street is in retrenchment mode. The job cuts and hiring freezes that struck the tech world have made their way to the finance industry, with banking executives preparing for what’s expected to be an austere year ahead.
JPMORGAN’S asset management arm filed to convert four more mutual funds with assets of about US$2 billion into exchange-traded funds (ETFs).
BINANCE Holdings chief executive officer Changpeng ‘CZ’ Zhao downplayed concern about a recent wave of user redemptions from the world’s biggest cryptocurrency exchange, saying that customers could pull back all their funds without any problem if needed.
THE European Central Bank raised interest rates for the fourth time in a row on Thursday (Dec 15), although by less than its last two meetings.
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