JPMorgan commits another USD 5 billion to strategic investments under SRI
JPMorgan has also financed over USD 230 billion to strengthen the industries, supply chains and technologies underpinning economic resilience One…
Category: Finance
African Union launches own credit rating agency to take on Moody’s, S&P and Fitch
AfCRA opens in Mauritius promising context-driven assessments of sovereign and corporate risk, but it has no ratings and no track…
Wall Street eyes record bonuses as trading, dealmaking push profits past USD 90 billion
Market volatility has generated stronger trading revenues, while a revival in mergers and acquisitions has boosted advisory and underwriting businesses.…
ECB expands blockchain push, bringing central bank money to tokenised finance
The ECB has launched Pontes, the first initiative under the Eurosystem’s strategic programme to make central bank money fit for…
Germany pushes to keep Commerzbank listed as merger with UniCredit nears
The Friedrich Merz administration in Berlin will be pushing for Commerzbank to retain its German identity with a domestic stock market listing…
Syria’s first international card payments signal return to global finance
The Treasury said the action would help foster additional investment and support political and economic stability. Raslan described the Visa…
BNP Paribas establishes regional hub in Riyadh as Saudi solidifies financial ambitions
France’s largest bank now joins over 750 multinationals in Saudi Arabia’s push to become a premier financial centre in the…
European financial firms set for record 228 billion euro in payouts
Banks and insurers are on course to hand shareholders their biggest-ever haul of dividends and buybacks, capping a historic run…
Berkshire Hathaway shares hit post-Buffett high after buybacks, strong earnings
As per the American conglomerate’s quarterly reports, its cash pile fell to USD 364.7 billion on June 30 from a…
Hackers dial Wall Street as ‘Vishing Wave’ hits private equity giants
A single extortion crew hiding behind four brand names used phone calls and fake passkey portals to hunt the Wall…