Based in Central Asia, digital banking provider TBC Uzbekistan is a subsidiary of London-listed TBC Bank Group. TBC Bank Group also invested $23 million, and with the European Bank for Reconstruction and Development (EBRD) and the World Bank's International Finance...
Strong debt issuance, M&A expected to be revenue drivers in the quarter. The big Wall Street banks are set to start reporting second-quarter earnings that should reveal stronger investment banking revenues, says Moody’s Ratings. On Friday the large banks, including JPMorgan...
The value of IPOs by Chinese issuers also fell to a decade low. Investment banking fees generated in China dropped 33% to $5.6b in the first six months of 2023, according to data from the London Stock Exchange Group (LSEG). Equity...
Johor Plantations Group (JPG) will use funds raised in its $156,357 million initial public offering (IPO) to build a palm oil operation powered by clean energy, as it navigates increasingly tough regulations in key markets such as Europe. The mid-sized...
The bank also participated in 7 sustainability committee meetings in FY2023. Japan’s Norinchukin Bank has fulfilled over 60% of its new sustainable finance target. In its latest climate and nature report, released in July 2024, the bank reported that it has...
Users can hold funds in 10 different currencies and transact in 200 countries. HSBC has teamed up with Visa to develop the Zing International money app. Zing can hold funds in over 10 different currencies, send over 30 currencies, and transact...
Fitch sees defaults, arrears rising as growth slows amid tight financial conditions. As global economic growth slows and inflation persists, the structured finance sector will see asset performance weaken in the second half, says Fitch Ratings. In a new report, the...
London-based private credit manager Pemberton Asset Management has made a first close of its Net Asset Value (NAV) strategic financing strategy at over $1bn of investible capital. The strategy provides financing solutions to private equity firms predicated on the underlying...
Proposed principles aim to address growth of outsourcing, fintech. Amid a growing reliance on technology in the banking sector, as well as the rise of fintech, global banking regulators are proposing new principles for managing third-party risk. On Tuesday, the Basel...
Banks will instead use digital tokens to authenticate bank account login attempts. Major retail banks in Singapore will progressively phase out the use of one-time passwords (OTPs) for bank account login by customers who are digital token users over the...
