Tag: Banking

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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nu
Global

After reaching 100 million customers, Nubank aims to attract talents aligned with its mission

Aug 20 , 2024 – The company announces open positions and emphasizes the career building advantages of joining the team São Paulo, August 20, 2024 – Nubank, the world’s largest digital banking platform outside of Asia, has reached 100 million customers in just 11 years. The company focuses on attracting professionals who resonate with its culture and mission as part of this ongoing evolution. Consequently, over … Continue reading After reaching 100 million customers, Nubank aims to attract talents aligned with its mission

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Zindi
Africa, Impact Newswire Exclusive

Zindi and RMB reinvent CPI nowcasting with community-first machine learning

Zindi and Rand Merchant Bank (RMB) joined forces in a 9-month endeavor known as the RMB CPI Nowcasting Grand Challenge. The objective was to leverage alternative datasets for predicting CPI one month ahead, a critical need for financial institutions to guide lending and investment decisions. The competition garnered participation from over 1500 data scientists across 86 countries, showcasing global interest and talent in the field, … Continue reading Zindi and RMB reinvent CPI nowcasting with community-first machine learning

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World Bank Group
United States

Investors Support Amazon Reforestation Through Record Breaking USD 225 Million World Bank Outcome Bond

Increasing number of private investors support outcome bonds which link financial return to measurable and impactful development outcomes WASHINGTON, August 13, 2024 — The World Bank (International Bank for Reconstruction and Development, IBRD) today priced a 9-year USD 225 million, principal-protected Amazon Reforestation-Linked Bond. The largest World Bank outcome bond ever priced provides investors with a coupon that includes a fixed guaranteed component and a variable … Continue reading Investors Support Amazon Reforestation Through Record Breaking USD 225 Million World Bank Outcome Bond

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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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FRB
United States

Federal Reserve Board announces approval of application by Bank7

The Federal Reserve Board on Thursday announced its approval of the application by Bank7, located in Oklahoma City, Oklahoma, to establish a branch at 4003 East 51st Street, Tulsa, Oklahoma. For media inquiries, please email [email protected] or call (202) 452-2955. Order (PDF) Source : Federalreserve Continue reading Federal Reserve Board announces approval of application by Bank7

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Access Bank
Africa

Access Bank Joins NGX to Launch Impact Board

Jul 22, 2024 Access Bank Plc, Nigeria’s leading institution in sustainable finance, was one of the participants in the launch of the Nigerian Exchange Limited (NGX) Impact Board, a dedicated platform for listing sustainability instruments to integrate sustainability into the core of Nigeria’s capital market. The event, marked by the attendance of high-profile stakeholders, including the Minister of Environment, Balarabe Lawal, and the Director-General of … Continue reading Access Bank Joins NGX to Launch Impact Board

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