Banks tighten standards on loans to companies of all sizes: Fed
CFO Dive
NOVEMBER 6, 2023
Demand for commercial and industrial loans fell during the third quarter as the Fed pushed up the benchmark interest rate to a 22-year high.
Bringing digital innovation & entrepreneurship to SME banking
Global Finance
MARCH 27, 2025
Global Finance: Can you share the key tenets of your SME strategy and how it aligns with the banks overall vision? Abdullah Al Mejhem: At Boubyan Bank, our SME strategy is built on three key pillars: Customer-Centricity, Digital Innovation, and Financial Empowerment. GF: Boubyan Bank has positioned itself as a one-stop shop for SMEs.
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Webinars
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
What Your Financial Statements Are Telling You—And How to Listen!
Trending Sources
World’s Best Investment Banks 2025: Regional Winners
Global Finance
APRIL 5, 2025
Anthony Noto Africa : Rand Merchant Bank Dealmaking in Africa has rebounded, due to declining interest rates and inflation. Deal activity will continue, owing to increased confidence and stable macroeconomics, says Robert Leon, co-head of Rand Merchant Bank (RMB) Investment Banking. billion), Hyundai Motor India in Bombay ($3.3
Webinars
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Heres How To Fix Them
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
What Your Financial Statements Are Telling You—And How to Listen!
NowRx: Digital Identity Benchmarks Help Healthcare Industry Set Tone For Privacy
PYMNTS
NOVEMBER 23, 2020
Merchants and their banks must therefore keep a close eye on how privacy and open banking trends are changing, as well as what data they can use to help authenticate these customers under these emerging laws. Deep Dive: How Merchants Can Keep Pace With Changing Digital Identity Needs As Open Banking Progresses. million U.K.
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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will explore the challenges regional and community banks have faced in implementing tailored credit card programs with flexible payment options as a tool to attract and retain the next generation of customers. Save your seat today!
Buffett’s Berkshire Hathaway Dumps US Bank Stocks For Gold
PYMNTS
AUGUST 16, 2020
Berkshire Hathaway ’s unloading of billions of dollars from bank stocks is exacerbating the hurt on the nation’s biggest financial institutions, Reuters reported. Once worth $32 billion, Berkshire has dropped more than half of its Wells Fargo shares, as the bank was hurt by scandals, Reuters reported. Morgan by 62 percent to 22.2
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Treasury Turns To Banks For Technology
Global Finance
OCTOBER 22, 2024
A recent survey by EY of more than 1,800 global CFOs and treasurers of corporate and commercial clients was unveiled at Sibos, revealing chances for banks to provide value-added services. The three subsequent challenges are digitizing treasury functions, managing real-time data feeds for accurate reporting and benchmarking performance. “I
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Today In Digital-First Banking: Zelle Exceeds 1B P2P Payments; China’s Digital Yuan Tests Process 4M+ Transactions
PYMNTS
NOVEMBER 3, 2020
In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look at Credit Benchmark’s risk data.
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IMF chief calls on central banks to continue inflation fight
CFO News
APRIL 7, 2023
Since last year, central banks have been raising their benchmark lending rates to tackle inflation, which rose to levels not seen for decades in many countries including the United States.
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Berkshire Hathaway Dumps US Bank Stocks, Adds Canadian Mining Company
PYMNTS
AUGUST 16, 2020
Berkshire Hathaway ’s unloading of billions of dollars from bank stocks is exacerbating the hurt on the nation’s biggest financial institutions, Reuters reported. Once worth $32 billion, Berkshire has dropped more than half of its Wells Fargo shares, as the bank was hurt by scandals, Reuters reported. Morgan by 62 percent to 22.2
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Visa And Mastercard Having Benchmark Years
PYMNTS
JANUARY 31, 2020
Visa ranks 7th and Mastercard ranks 11th in the benchmark S&P 500 index. They literally sit in the middle of the banks, consumers and merchants and that has been a really enviable place to be.”. Both companies have seen their stock prices soar, fueled in part by online shopping. As of the market’s close on Thursday (Jan.
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U.S. Stock Futures Rise After Tech Selloff
CFO News Room
FEBRUARY 3, 2022
stock indexes gained after a volatile trading session that was marked by a selloff in technology stocks and increasing hawkishness from global central banks. The Bank of England on Thursday raised its key interest rate for a second consecutive meeting , while the European Central Bank President. Futures for major U.S.
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UK’s Metro Bank To Buy P2P Lender RateSetter For At Least $3.27M
PYMNTS
AUGUST 3, 2020
London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release. Metro Bank will operate RateSetter as an independent entity and make loans under both its and Metro Bank brands.
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World’s Best Private Banks 2025: Introduction
Global Finance
DECEMBER 6, 2024
Private banks increase their technology investments to improve their high-touch offerings for the wealthy. On the other side of the equation are the global private banks, which see the current mixture of massive wealth generation and increasingly complex demands as a generational opportunity. David Frame, CEO of J.P. Morgans U.S.
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Budget 2022: Govt’s higher market borrowing plan makes bond market jittery
CFO News Room
FEBRUARY 5, 2022
The new benchmark 6.54%-2032 bond yield ended 14 basis points higher at 6.8279%, compared to 6.6841%. The old benchmark 6.10%-2031 bond yield ended 16 basis points up at 6.8458%, as against 6.6829% close on Monday. lakh crore and a revised fiscal deficit of 6.9% for the current fiscal year, higher than the earlier estimate of 6.8%.
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Market gives thumbs up to Budget 2022
CFO News Room
FEBRUARY 5, 2022
But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. The government’s record borrowing plans for the next financial year sent benchmark bond yields to two-and-a-half years high. By Yoosef Kp & Ruchit Purohit. After surging as much as 1,018.03
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RBI likely to maintain status quo on benchmark interest rate: Experts
CFO News
OCTOBER 5, 2023
Experts predict that the Reserve Bank of India (RBI) will maintain the current benchmark interest rate at its bi-monthly monetary policy review due to elevated inflation and global factors. The RBI has kept the rate unchanged in the last three policy reviews and is expected to continue with the existing rate structure.
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Corporate bond yields jump sharply along with gilts
CFO News Room
FEBRUARY 4, 2022
Similarly, the yield on benchmark securities rose nearly 20-25 basis points and touched a 30-month high since the start of the week. The benchmark yield ended marginally down on Friday at 6.8789%. At home, the Reserve Bank of India ( RBI ), too, has withdrawn liquidity from the markets. Financial Express is now on Telegram.
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Mobile Banking On The Rise In France
PYMNTS
NOVEMBER 18, 2016
New research from comScore MobiLens revealed that mobile banking penetration in France is almost 30 percent. In Q2 2016, more than half (54 percent) of the country’s internet users visited online banking sites on a monthly basis, averaging 10 visits per month lasting more than five minutes each time. percent use banking apps.
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Can deal with any yield spike in orderly manner: DEA secy
CFO News Room
FEBRUARY 2, 2022
The government and the central bank can deal with the movement of bond yield “in an orderly” and non-disruptive manner, economic affairs secretary Ajay Seth told FE on Wednesday. The benchmark has risen 40 basis points (bps) so far in 2022 on top of the 56 bps in 2021. lakh crore budgetted by the Centre for FY23.
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Bond Yields Surge in Europe as Old Jitters Return
CFO News Room
FEBRUARY 4, 2022
labor market boosted investors’ expectations that central banks will begin steadily raising interest rates to fight inflation. The benchmark 10-year U.S. Yields, which rise as prices fall, began climbing in Europe after European Central Bank President. Carsten Brzeski, global head of macro research at Dutch bank ING.
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Fed’s Collins Signals Support for Slowing Pace of Interest Rate Increases
CFO News Room
NOVEMBER 4, 2022
A Federal Reserve official signaled support Friday for continuing to raise interest rates but at a somewhat slower pace than the central bank has moved this year to avoid risks of too much tightening. The Fed raised its benchmark federal-funds interest rate this week by 0.75
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Aktis Platform Boosts Banks’ Corporate Governance Transparency
PYMNTS
OCTOBER 23, 2018
Data intelligence firm Aktis is rolling out a cloud-based platform for banks to benchmark and analyze their market positions compared to industry peers. Aktis said it aims to make governance transparent for the banking industry. The company said in a press release on Monday (Oct.
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China lowers new benchmark lending rate to boost economy
Future CFO
NOVEMBER 19, 2019
China lowered its new benchmark lending rate on Wednesday, in an attempt to give a boost to the slowing economy and reduce funding costs. This wasn’t the first time that the one-year LPR was lowered—it has been lowered thrice since it became the official lending benchmark in August. The PBOC injected a net 80 billion yuan ($25.68
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Visa Unveils FinTech Partnership Program In Europe
PYMNTS
NOVEMBER 11, 2020
Mark Nelsen, senior vice president at Visa for Europe product, noted the offering comes at a time when the coronavirus pandemic has accelerated the shift toward online payments and banking, not to mention online shopping as well.
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Banks flag high overnight rates, liquidity terms
CFO News
MAY 16, 2023
Indian banks have urged the Reserve Bank of India (RBI) to find a more even-handed way to distribute liquidity and narrow the gap between overnight rates and the benchmark policy rate. The WACR peaked at 6.78% on 15 June.
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Central Banker Report Cards 2024: Asia-Pacific
Global Finance
OCTOBER 10, 2024
Australia Michele Bullock: Too Early To Say Reserve Bank of Australia veteran Michele Bullock took the helm as the bank’s first female governor in September last year during intense soul-searching at the institution, which had come under critical scrutiny during the tenure of her predecessor, Philip Lowe.
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Data-Driven Insights For Supply Chain Finance Clients: Q&A With Societe Generale Factoring’s Aurélien Viry And Gilbert Cordier
Global Finance
FEBRUARY 4, 2025
Aurlien Viry: Following the COVID pandemic, some large corporates faced issues with their supply chain, suppliers, and banking partners to fund increased requirements. To help strengthen their supply chain finance programs, some large corporates started looking for bank-agnostic solutions using multiple or successive funding partners.
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JPMorgan Forecasts Record Online Holiday Shopping Season
PYMNTS
DECEMBER 4, 2020
The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019. Our Payment Optimization Framework provides a data-driven approach to continuously monitoring, benchmarking and optimizing payment acceptance,” Smith said. . Morgan, said in a blog post on Friday (Dec.
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Chinese Stocks Gain After Holiday; U.S. Futures Hold Steady
CFO News Room
FEBRUARY 6, 2022
Global markets have been volatile in recent weeks as the Federal Reserve has prepared to raise interest rates for the first since 2018, and other major Western central banks have also become more hawkish. In the bond market, the benchmark 10-year U.S. indexes were close to flat, offering little clue to the likely direction of U.S.
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Crypto Gets A Second Look From Corporate Investors Seeking Yield And Hedge
PYMNTS
OCTOBER 14, 2020
21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time. “We dollar ) are seen as a way to generate yield off of idle assets at a time when bank rates for cash are effectively zero. This in the wake of the OCC’s Sept.
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MiB: Peter Atwater, Financial Insyghts
Barry Ritholtz
NOVEMBER 25, 2023
Atwater previously ran JPMorgan’s asset-backed securities business and served in executive roles at First USA, Bank One and Juniper Financial. Over his 32-year tenure, the fund has beaten 100% of peers, and outperformed the Russell 2000 benchmark by 3.49% annually, and has more than doubled the performance of the S&P 500.
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PSU banks cut lending rates to below 9% following RBI repo rate reduction
CFO News
APRIL 11, 2025
Punjab National Bank, Indian Bank, UCO Bank, Bank of India, and Bank of Baroda have all announced reductions in their external benchmark-linked lending rates, aligning with the RBIs policy rate cut.
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Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency
Strategic Treasurer
MAY 12, 2022
Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency. Atlanta, GA] May 12, 2022 — Today, Strategic Treasurer and Kyriba release the results of the Non-Banking Financial Institution (NBFI) Survey. Benchmarking: Personal Best. The vast majority were North American corporates (91%).
RBI imposes Rs 2.92 crore penalty on Canara Bank
CFO News
MAY 12, 2023
After scrutiny, the RBI found that the bank failed to link interest on floating rate retail loans and loans to MSME to an external benchmark and also failed to link interest on floating rate rupee loans sanctioned and renewed during financial year 2020-21 to its Marginal Cost of Lending Rate (MCLR).
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Retailo Raises $2.3M In Seed Round To Boost Financial Inclusion
PYMNTS
OCTOBER 12, 2020
Saudi Payments, the state-owned payment apparatus, recently partnered with stc pay to boost its mobile wallet and expand financial inclusion to more people not currently banked in the country. Saudi Arabia is in the midst of a new movement to reduce reliance on cash.
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Bank Offers Cash For ESG Goals
Global Finance
SEPTEMBER 5, 2024
Standard Chartered has launched a new ESG-Linked Cash Account for corporate banking clients that rewards them for meeting targets tied to environmental, social and governance (ESG) priorities. The post Bank Offers Cash For ESG Goals appeared first on Global Finance Magazine.
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Aussie Central Bank Considers Regulating ePayments Fees
PYMNTS
JUNE 3, 2020
The Reserve Bank of Australia (RBA), the country’s central bank, is considering reducing the cost of electronic payments for merchants and consumers as COVID-19 makes e-banking preferable, Assistant Governor Michele Bullock said on Wednesday.
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Webinar: Principles and Options for Bank Fee Management | November 17
Strategic Treasurer
NOVEMBER 2, 2022
Principles and Options for Bank Fee Management. Managing bank fees through active monitoring of your analysis statements is typically on the to-do list, but it rarely gets checked off as complete. The post Webinar: Principles and Options for Bank Fee Management | November 17 appeared first on Strategic Treasurer.
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Webinar: Principles and Options for Bank Fee Management | July 13
Strategic Treasurer
JUNE 6, 2022
Principles and Options for Bank Fee Management. Managing bank fees through active monitoring of your analysis statements is typically on the to-do list, but it rarely gets checked off as complete. The post Webinar: Principles and Options for Bank Fee Management | July 13 appeared first on Strategic Treasurer. Register Now. ?Managing
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Webinar: Principles and Options for Bank Fee Management | April 5
Strategic Treasurer
MARCH 16, 2022
Principles and Options for Bank Fee Management. Managing bank fees through active monitoring of your analysis statements is typically on the to-do list, but it rarely gets checked off as complete. The post Webinar: Principles and Options for Bank Fee Management | April 5 appeared first on Strategic Treasurer. Register Now. ?Managing
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Webinar: Principles and Options for Bank Fee Management | February 23
Strategic Treasurer
JANUARY 28, 2022
Principles and Options for Bank Fee Management. Managing bank fees through active monitoring of your analysis statements is typically on the to-do list, but it rarely gets checked off as complete. The post Webinar: Principles and Options for Bank Fee Management | February 23 appeared first on Strategic Treasurer.
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Webinar: Principles and Options for Bank Fee Management | January 26
Strategic Treasurer
JANUARY 12, 2022
Principles and Options for Bank Fee Management. Managing bank fees through active monitoring of your analysis statements is typically on the to-do list, but it rarely gets checked off as complete. The post Webinar: Principles and Options for Bank Fee Management | January 26 appeared first on Strategic Treasurer. Eager to learn?
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Big banks see global economy slowing more in 2023, with likely U.S. recession
CFO News
NOVEMBER 29, 2022
??(By March '23) Morgan Stanley sees the Fed delivering its first rate cut by December 2023, taking the benchmark rate to 4.375% by the end of that year. Barclays sees the rate between 4.25% and 4.50% by the end of next year, while Deutsche Bank sees it at 4.625% after a rate cut.
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