Tag: Bank

swissbanking
Europe

The impact of geopolitics on the Swiss financial centre 

At the 2024 Swiss Bankers Association Bankers Day, Chairman Marcel Rohner emphasized the importance of Switzerland’s political and economic stability, highlighting key areas such as neutrality, property rights protection, and consistent sanction policies. Four new members joined the SBA Board of Directors. The event underscored geopolitics’ impact on Switzerland’s financial centre. Continue reading The impact of geopolitics on the Swiss financial centre 

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Central Pacific Financial
United States

Veteran Banker Ralph Mesick Joins CPB as Senior Executive Vice President and Chief Risk Officer

HONOLULU – Ralph Mesick, a veteran Hawaii banker with nearly 40 years of financial services experience, has joined Central Pacific Bank (CPB) as its Senior Executive Vice President and Chief Risk Officer, according to an announcement today by Arnold Martines, CPB chairman, president, and chief executive officer. “The bank was started for our community, by our community, and I look forward to helping build our … Continue reading Veteran Banker Ralph Mesick Joins CPB as Senior Executive Vice President and Chief Risk Officer

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Nigerian banks
Africa

Nigerian banks are trying to raise funds for recapitalization through public offers; but do Nigerians have the money to buy them?

-Emmanuel Abara Benson Nigerian banks have until April 2026 to recapitalize, as recently mandated by the Central Bank of Nigeria (CBN). Already, some of them have submitted their recapitalization plans, and it appears they are resorting to the capital market to raise money through right issues, private placements, and public offers. GTCO Plc is among the first to launch a public offer, seeking to raise … Continue reading Nigerian banks are trying to raise funds for recapitalization through public offers; but do Nigerians have the money to buy them?

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KeyCorp
United States

KeyCorp Receives Strategic Minority Investment from Scotiabank

08/12/2024 Opportunistic capital raise on attractive terms Accelerates capital and earnings improvement; capital raise estimated to result in pro forma CET1 of 12.4% Further strengthens Key’s capacity for growth  CLEVELAND, Aug. 12, 2024 /PRNewswire/ — KeyCorp (NYSE: KEY) today announced it has reached an agreement under which The Bank of Nova Scotia (“Scotiabank”) (TSX: BNS) (NYSE: BNS) will make a strategic minority investment in KeyCorp of approximately $2.8 billion, representing approximately 14.9% … Continue reading KeyCorp Receives Strategic Minority Investment from Scotiabank

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U.S. Bancorp
United States

U.S. Bancorp promotes Gunjan Kedia to president

Kedia to oversee all revenue lines, ensuring focus on growth and holistic client experience MINNEAPOLIS–(BUSINESS WIRE)–U.S. Bancorp (NYSE: USB), parent company of U.S. Bank, announced today that Gunjan Kedia will be its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO. “She will partner with me and our entire Managing Committee as we continue to chart our course for … Continue reading U.S. Bancorp promotes Gunjan Kedia to president

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Bridgewater Bancshares
United States

Bridgewater Bancshares, Inc. Elevates Joe Chybowski to President, Announces Strategic Leadership Transitions to Propel Future Growth

ST. LOUIS PARK, Minn. – Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced a significant milestone with the appointment of Joe Chybowski as President, effective April 26th, 2024. This strategic move, alongside pivotal leadership transitions, reaffirms Bridgewater’s commitment to excellence and its vision for a dynamic future. Joe, currently serving as Chief Financial Officer, will take on the additional role … Continue reading Bridgewater Bancshares, Inc. Elevates Joe Chybowski to President, Announces Strategic Leadership Transitions to Propel Future Growth

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Gateway
United States

Gateway Appoints Jonathan Wallace as Chief Financial Officer

TULSA, Okla. – Gateway First Bank has appointed Jonathan Wallace as Chief Financial Officer. Jonathan brings an expansive financial services background with over 24 years of experience and has served in several financial functions spanning multiple companies. “We’re very excited to have Jonathan join the Executive Team, bringing both financial expertise and mortgage industry knowledge to lead our finance and accounting teams”Post this Before joining … Continue reading Gateway Appoints Jonathan Wallace as Chief Financial Officer

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Mercury
United States

Mercury Launches Personal Banking

Mercury Personal brings same beloved product experience that simplified banking for ambitious companies to individuals SAN FRANCISCO–(BUSINESS WIRE)–Mercury, the fintech over 100,000 startups use for banking*, today announced its expansion into consumer banking with the launch of Mercury Personal, a powerful personal banking experience designed with the best of today’s technology to help builders in tech optimize their money. “Many founders and investors are not happy … Continue reading Mercury Launches Personal Banking

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