Topics: bank news

BNP Paribas and Citi invest in United Fintech, signaling a shift towards collaborative fintech innovation. Join the transformative journey.

BNP Paribas and Citi invest in United Fintech, signaling a shift towards collaborative fintech innovation. Join the transformative journey.

Stay ahead of the curve with our exclusive report on the latest bank evaluations, revealing a €14 increase to a median value of €1,550 per square metre in January 2024. Gain valuable insights into the housing market trends and make informed decisions.

Stay ahead of the curve with our exclusive report on the latest bank evaluations, revealing a €14 increase to a median value of €1,550 per square metre in January 2024. Gain valuable insights into the housing market trends and make informed decisions.

Discover why traditional banks are outshining fintech newcomers in Switzerland's smartphone banking revolution. Stay informed on the latest trends in the industry.

Discover why traditional banks are outshining fintech newcomers in Switzerland\'s smartphone banking revolution. Stay informed on the latest trends in the industry.

Learn how PNC plans to expand its presence in cities like Dallas, Denver, and Houston with new branches and renovations.

Learn how PNC plans to expand its presence in cities like Dallas, Denver, and Houston with new branches and renovations.

Citibank's commitment to technological advancement is evident in its substantial investment of $12.2 billion in technology last year, marking a 9% increase over 2022, as reported in the Q4 2023 earnings report released on Friday.

Citibank\'s commitment to technological advancement is evident in its substantial investment of $12.2 billion in technology last year, marking a 9% increase over 2022, as reported in the Q4 2023 earnings report released on Friday.

Analysts at Bank of America predict no interest rate changes at upcoming ECB meeting, anticipate potential action in June.

Analysts at Bank of America predict no interest rate changes at upcoming ECB meeting, anticipate potential action in June.

In a recent announcement, J.P.Morgan has stated that it expects the Bank of England to begin cutting interest rates in August of this year. This prediction is based on the potential easing in inflation and a positive outlook for a soft landing. The brokerage firm now anticipates a 75-basis point rate cut by the end of 2024, bringing J.P.Morgan's policy rate forecast to 4.5%.

In a recent announcement, J.P.Morgan has stated that it expects the Bank of England to begin cutting interest rates in August of this year. This prediction is based on the potential easing in inflation and a positive outlook for a soft landing. The brokerage firm now anticipates a 75-basis point rate cut by the end of 2024, bringing J.P.Morgan\'s policy rate forecast to 4.5%.

JPMorgan, one of the world's largest financial institutions, has revealed a shocking statistic at the World Economic Forum in Davos. The bank faces a staggering 45 billion hacking attempts on a daily basis, highlighting the increasing cybersecurity challenges that global financial institutions are grappling with

JPMorgan, one of the world\'s largest financial institutions, has revealed a shocking statistic at the World Economic Forum in Davos. The bank faces a staggering 45 billion hacking attempts on a daily basis, highlighting the increasing cybersecurity challenges that global financial institutions are grappling with

Citigroup has adjusted its forecast for the Federal Reserve's interest rate cut, citing a dovish stance and mounting geopolitical risks. The brokerage firm now anticipates a total of 125 basis points in rate cuts by 2024.

Citigroup has adjusted its forecast for the Federal Reserve\'s interest rate cut, citing a dovish stance and mounting geopolitical risks. The brokerage firm now anticipates a total of 125 basis points in rate cuts by 2024.

A new report by the Boston Consulting Group highlights the critical juncture facing global banks, with the potential for a $7 trillion combined worth increase over the next five years through proactive growth measures.

A new report by the Boston Consulting Group highlights the critical juncture facing global banks, with the potential for a $7 trillion combined worth increase over the next five years through proactive growth measures.

The Financial Services Commission (FSC) is cracking down on illegal short-selling activities in the local stock market, with plans to penalize two global investment banks for conducting naked short-selling transactions.

The Financial Services Commission (FSC) is cracking down on illegal short-selling activities in the local stock market, with plans to penalize two global investment banks for conducting naked short-selling transactions.

Citi is reportedly set to launch a new investment banking unit in China, with plans to hire approximately 30 people and key executive hires already in place. This move comes as Citi restructures its businesses in other locations.

Citi is reportedly set to launch a new investment banking unit in China, with plans to hire approximately 30 people and key executive hires already in place. This move comes as Citi restructures its businesses in other locations.

Learn how TD Bank plans to grow its middle-markets business by targeting clients in Chicago and Atlanta, including universities, nonprofits, and healthcare systems.

Learn how TD Bank plans to grow its middle-markets business by targeting clients in Chicago and Atlanta, including universities, nonprofits, and healthcare systems.

BNP Paribas SA has agreed to provide €400-600 million in compensation to clients affected by Swiss-franc mortgages during the 2008-2009 financial crisis, following a ruling holding the Paris-based lender responsible for the damages.

BNP Paribas SA has agreed to provide €400-600 million in compensation to clients affected by Swiss-franc mortgages during the 2008-2009 financial crisis, following a ruling holding the Paris-based lender responsible for the damages.

Leverage bank partnerships for fintech growth in 2024 and drive profitability through technology. Discover the potential for fintechs to thrive by collaborating with banks.

Leverage bank partnerships for fintech growth in 2024 and drive profitability through technology. Discover the potential for fintechs to thrive by collaborating with banks.

Discover how Bunq's new generative AI platform, Finn, is revolutionizing digital banking with advanced language models and seamless customer experience. 

Discover how Bunq\'s new generative AI platform, Finn, is revolutionizing digital banking with advanced language models and seamless customer experience. 

Discover the latest data on 30-year fixed-rate mortgage interest rates, now at their lowest level since May.

Discover the latest data on 30-year fixed-rate mortgage interest rates, now at their lowest level since May.

Uncover the details of Canada's approval for RBC's historic $10B deal and the requirements for its expansion plans. 

Uncover the details of Canada\'s approval for RBC\'s historic $10B deal and the requirements for its expansion plans. 

RBI and ODDO BHF join forces to enhance equity sales and research, offering expanded stock market access for corporate clients in Austria and Central and Eastern Europe.

RBI and ODDO BHF join forces to enhance equity sales and research, offering expanded stock market access for corporate clients in Austria and Central and Eastern Europe.

Discover how the partnership between Standard Chartered and FundsDLT is revolutionizing fund services through digitization, ensuring efficiency and security.

Discover how the partnership between Standard Chartered and FundsDLT is revolutionizing fund services through digitization, ensuring efficiency and security.

In a surprising turn of events, the renowned Credit Suisse brand is predicted to become extinct by 2026, as the Swiss banking industry faces a significant reduction in its workforce.

In a surprising turn of events, the renowned Credit Suisse brand is predicted to become extinct by 2026, as the Swiss banking industry faces a significant reduction in its workforce.

An In-depth Look into Canada Bank Updates: The Changing Landscape of Laurentian Bank and CIBC.

An In-depth Look into Canada Bank Updates: The Changing Landscape of Laurentian Bank and CIBC.

In a proactive move to address the ongoing challenges faced by borrowers in the Republic of Ireland, Minister for Finance Michael McGrath recently engaged in a crucial meeting with representatives from the main retail banks, along with other industry stakeholders such as the Central Bank of Ireland.

In a proactive move to address the ongoing challenges faced by borrowers in the Republic of Ireland, Minister for Finance Michael McGrath recently engaged in a crucial meeting with representatives from the main retail banks, along with other industry stakeholders such as the Central Bank of Ireland.

UBS, the Swiss bank, has shattered banking industry records by reporting the largest quarterly profit ever achieved by a bank. The bank's remarkable success can be attributed to its takeover of Credit Suisse, which resulted in a staggering $29 billion profit.

UBS, the Swiss bank, has shattered banking industry records by reporting the largest quarterly profit ever achieved by a bank. The bank\'s remarkable success can be attributed to its takeover of Credit Suisse, which resulted in a staggering $29 billion profit.