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Singapore bank DBS suffers two-day tech outage, says deposits safe

Global Business Magazine November 24, 2021

DBS Group Holdings Ltd (DBSM.SI), Southeast Asia's largest bank, assured customers on Wednesday that their deposits and monies were safe as Read More

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Atom Bank implemented a four-day workweek with no reduction in pay!

Global Business Magazine November 24, 2021

Atom Bank has implemented a four-day workweek for all of its employees while not reducing pay. Atom Bank announced on Tuesday that Read More

Banking Business Featured News World

No stranger to turmoil, Dutch dealmaker Wynaendts set for Deutsche chair

Global Business Magazine November 22, 2021

As head of Dutch insurer Aegon, Alexander Wynaendts led a complex European financial institution with staff around the world and a large Read More

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Piraeus Bank’s loss narrows as loan provisions decline

Global Business Magazine November 19, 2021

Piraeus Bank (BOPr.AT), one of Greece's four biggest lenders, reported a smaller loss in the third quarter than the previous three Read More

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Barclays expects world economy to grow at 6% this year

Global Business Magazine November 18, 2021

The global economy is expected to grow at 6% this year, Barclays analysts said on Thursday, adding that the slow pace of growth Read More

Banking Business News World

Facing opposition, U.S. bank regulator nominee pledges to protect small lenders

Global Business Magazine November 18, 2021

U.S. President Joe Biden's pick to lead one of the country's top banking regulators will focus on ensuring a fair and Read More

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Analysis: Bank of Japan’s tricky balancing act squeezes Tokyo money market

Global Business Magazine November 17, 2021

A Bank of Japan scheme introduced to support smaller lenders hurt by its ultra-low interest rates has perversely pushed up short-term borrowing Read More

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Analysis: Banks profit from building up and breaking up companies

Global Business Magazine November 16, 2021

It is a constant dilemma facing companies; do they acquire or shed businesses to boost shareholder returns? Investment bankers profit every time Read More

Banking Business Economy Featured Finance News World

StanChart executes $250 mln ESG-based repo deal with Saudi National Bank

Global Business Magazine November 15, 2021

tandard Chartered Bank (STAN.L) said on Monday it has executed a $250 million repurchase agreement transaction (Repo) based on ESG principles with Read More

Banking Business Economy Featured Finance News World

Israel’s Bank Hapoalim returns to pre-COVID-19 levels in Q3

Global Business Magazine November 15, 2021

Bank Hapoalim (POLI.TA) reported a higher-than-expected gain in quarterly profit on Monday and said business activity had largely returned to pre-COVID-19 Read More

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