Tag: Bank

World Bank Group
United States

The World Bank and Qatar Partner to Drive Impact for Global Education

WASHINGTON, September 13, 2024 — The World Bank, Qatar, and the global foundation Education Above All have announced a partnership focused on expanding quality access to education worldwide. Successive global challenges in recent years have led to an increase in out-of-school children and youth and a massive global learning deficit. Countries are urgently seeking solutions and the needed finance to reverse current education trends. The agreements … Continue reading The World Bank and Qatar Partner to Drive Impact for Global Education

Impact Newswire
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 

Impact Newswire
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

Impact Newswire
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?

Impact Newswire
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

Impact Newswire