banking - page 11

News

British Finance Sector Reportedly Seeks to Delay on New Capital Requirements

The media reports that the central bank of England is currently under pressure, the purpose of which is to postpone the date of entry into force of the new capital requirements.

Finance & Economics

Deposits Reportedly Disappear From Wells Fargo Bank Accounts

Wells Fargo is currently solving a technical problem, as a result of which, according to reports in social media, direct deposits began to disappear from the bank accounts of customers of this financial institution.

Science & Technology

NCR President Says Banks Must Use AI to Stay Relevant to Customers

Doug Brown, president of NCR, an American company specializing in computing technology for retail chains, the banking sector, tourism, and medical industries, said that at present, an up-to-date understanding of consumer thinking is of paramount importance for financial institutions.

Finance & Economics

HSBC Profit Grows

Banking giant HSBC has reported a sharp increase in profit for the second quarter of 2023.

News

Swiss National Bank Reports $15 Billion Loss

The Swiss National Bank on Monday, July 31, reported that following the results of the second quarter, this financial institution recorded a loss of 13.2 billion Swiss francs ($15.14 billion).

News

Bank of America CEO Says New Capital Requirements Must Ensure Level Playing Field

Brian Moynihan, CEO of Bank of America, expressed the opinion that the new capital requirements should form a space of equal conditions for all representatives of the US banking sector.

News

Revolut Launches Accounts for Non-US Citizens in US

Those who are lawfully in the US but don’t have SSNs can now get a Revolut account

News

Commerzbank Performs Live Blockchain-Based Transactions on Trade Finance Network Contour

Commerzbank has become the first German Bank to successfully carry out blockchain-based Letter of Credit (LC) transactions for its clients at its Singapore and Shanghai branches on the digital trade finance platform Contour

Finance & Economics

PacWest to Merge With Banc of California

PacWest Bancorp plans to implement a merger deal with Banc of California.

News

Banco Santander Earnings Beat Estimates

The revenues of Banco Santander SA in the second quarter of this year exceeded the initial forecasts regarding this result of the bank’s activities.

News

Deutsche Bank AG Survives Slowdown in Trading Well

Deutsche Bank AG was able to survive a period of slowing trading, demonstrating a result that largely exceeded analysts’ expectations about the lender’s ability to cope with these adverse circumstances.

Finance & Economics

Capital One Publishes Results for Second Quarter of 2023

The American bank holding company Capital One has released financial results for the second quarter of 2023.

News

Myanmar Shadow Government to Launch Neobank to Finance Fight Against Military Junta

The shadow government of Myanmar, the National Unity Government (NUG), plans to create a neobank, whose activities will be carried out on the Polygon platform.

Finance & Economics

Citi Rolls Out Working Capital Loans

Citi announced its intention to meet the working capital needs of commercial clients as part of its activities.

News

Goldman Sachs Reports Drop in Profits

Goldman Sachs Group’s profit showed a sharp drop in the second quarter of this year.

Finance & Economics

Nordea Is a New Owner of Danske Bank Norway Business

The Nordic region’s biggest bank Nordea is to acquire the Norwegian personal customer and private banking business of Danske Bank