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Banking
World Bank: Global Anti-poverty Targets Face Disappointing Setbacks
The world is unlikely to achieve its objective of eradicating extreme poverty by 2030 absent history-defying rates of economic growth over the remainder of...
Banking
Is Mastercard Ditching the Card? Payments Giant Wants You To Wave and Smile To Pay
Mastercard Inc. has started to make payments quicker than ever as you will no longer have to take your phone out, tap or swipe...
Banking
HSBC Continues to Pivot towards Asia as 2020 Profits Decline
HSBC is revamping its growth strategy by ramping investments in Asian countries after a drop in earnings for the 2020 financial year.
The UK headquartered...
Banking
Goldman Sachs Cuts CEO Salary by $10 million after 1MDB Scandal
Goldman Sachs slashed its CEO David Solomon’s salary by $10 million following the bank’s involvement in Malaysia’s 1MDB scandal.
Documents filed by the bank to...
Banking
The Covid Crisis and the Rise of the Digital Euro
The Governing Council of the ECB (European Central Bank) will decide in the spring whether or not to launch the digital euro, but the...
Banking
Goldman Sachs Reports Strong Profits for Third Quarter of 2020
Investment banking giant Goldman Sachs pulled off a strong third quarter of 2020 profit with net earnings at $3.62 billion and net revenues at...
Banking
JPMorgan Chase to Pay $920 Million Settlement for Market Manipulation
JPMorgan Chase & Co., the largest bank in the United States, will be paying $920 million in a settlement after admitting wrongdoing in several...
Banking
HSBC allowed Scammers to Transfer Millions of Dollars
HSBC, one the largest banks in the world, moved millions of scammers money regardless of the warning, BBC reported Sunday.
According to a leaked file,...
Banking
How Central Bank Digital Currencies can Offer a Path for Bitcoin and Libra
Central banks around the world are making their own versions of digital currencies paving a way for Bitcoin and Libra, according to recent news.
Both...
Banking
Are We Moving Towards an Eco-Friendly Credit Card Lifestyle?
Debit card and Credit card providers are joining the eco-friendly card production movement to replace the traditional plastic cards.
MasterCard, one of the largest credit...
Asia-Pacific
Severe Remittance Loss Due to Covid-19 Might distress the Asia Pacific Economy
The Asia Pacific region is likely to see a $31.4-$54.3 billion remittance drop due to Coronavirus spread in 2020, reported by Asian Development Bank...
Banking
Inside the Future Bank; Industry Predictions and Lessons from the World’s Best Banking Institutions
There’s a real fear in banking that the industry is headed for turbulent waters, with some experts even warning that the banking institution, as...
Banking
HSBC Profits Plunge Amid COVID-19, US-China Tensions
HSBC profits plummeted for the first half of the year following the Covid-19 pandemic and geopolitical risks like the deteriorating US-China relations.
HSBC Holdings PLC...
Banking
Leadership In The Time Of Coronavirus: COVID-19 Response And Implications For Banks
The devastating impact of the Covid-19 crisis on every-day life and health has carried a thoroughly disruptive economic fallout. Economists cannot revise their projections...
Banking
Goldman Sachs agrees to pay Malaysia $3.2 billion over 1MDB scandal
American investment bank Goldman Sachs announced Friday it has reached a $3.2 billion settlement with the Malaysian government for its role in the multi-billion...
Banking
How Covid-19 is Accelerating the Shift to a Cashless Society
At the peak of the coronavirus pandemic, banks and other financial institutions that handle liquid cash began disinfecting and quarantining banknotes. The aim? To...