Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender embroiled in the Southeast Asian country’s biggest financial fraud, according…
Posts tagged as “Banks”
Europe’s private credit funds are increasingly borrowing from banks to boost their performance, fueling concerns about the wider risks posed by this interconnectedness. A record…
Staff reduction at Western investment banks in Asia is expected to upturn this year as revenue constraints mount due to deepening economic and market turmoil…
Ziraat Bank said it signed a 1.75 billion euro ($1.9 billion) loan deal with Deutsche Bank for up to five years Friday, reflecting what Türkiye’s…
Ten leading development banks committed to intensifying their climate initiatives at the U.N. climate summit COP28. However, there was no mention of discontinuing financial support…
The number of cases of greenwashing by banks and financial services companies soared globally by 70% in the past 12 months when compared to the…
The United Nations told Russia that an agricultural bank subsidiary in Luxembourg could have access to the international payments system SWIFT within a month. “SWIFT…
Banks came under deep pressure Tuesday after Italy’s right-wing cabinet approved a 40% windfall tax on profits lenders reap from higher interest rates after reprimanding…
Europe’s banking sector has demonstrated robustness and the ability to weather a severe economic downturn without depleting their financial buffers, according to the European Central…