Banking news

ABN Amro Announces Acquisition of Dutch Neobroker Bux

ABN Amro, a prominent Dutch bank, is set to acquire neobroker Bux, signaling a major development in the retail investment sector. Stay informed about this strategic move and its potential impact.

ABN Amro, a prominent Dutch bank, is set to acquire neobroker Bux, signaling a major development in the retail investment sector. Stay informed about this strategic move and its potential impact.

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Dutch commercial bank NIBC Partners with Fenergo for KYC Tech Enhancement

Dutch commercial bank NIBC teams up with Irish fintech Fenergo to streamline onboarding and KYC processes, replacing legacy systems for operational efficiencies.

Dutch commercial bank NIBC teams up with Irish fintech Fenergo to streamline onboarding and KYC processes, replacing legacy systems for operational efficiencies.

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Swiss National Bank Holds Interest Rates for Second Consecutive Time

The Swiss National Bank has decided to keep its key interest rate at 1.75%, indicating a cautious approach to inflation and economic uncertainties.

The Swiss National Bank has decided to keep its key interest rate at 1.75%, indicating a cautious approach to inflation and economic uncertainties.

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Debt-for-Equity Swaps in Europe

Explore the rising trend of debt-for-equity swaps in Europe as private equity firms hand over company keys amidst higher interest rates and the ongoing effects of the pandemic.

Explore the rising trend of debt-for-equity swaps in Europe as private equity firms hand over company keys amidst higher interest rates and the ongoing effects of the pandemic.

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ECB Leaves Rates Unchanged, Signals End of Bond Purchase Scheme

The European Central Bank (ECB) has decided to keep interest rates steady and hinted at the imminent conclusion of its bond buying program, marking a significant shift in monetary policy for the euro zone.

The European Central Bank (ECB) has decided to keep interest rates steady and hinted at the imminent conclusion of its bond buying program, marking a significant shift in monetary policy for the euro zone.

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CaixaBank Collaborates with Microsoft, Accenture, and Banco BPI to Form GenAI Task Force

Spain's CaixaBank is spearheading the adoption of generative AI (GenAI) with a dedicated task force, aiming to enhance internal processes and customer services through innovative applications.

Spain\'s CaixaBank is spearheading the adoption of generative AI (GenAI) with a dedicated task force, aiming to enhance internal processes and customer services through innovative applications.

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Canadian Bank Stocks Surge Despite Economic Challenges

Despite economic challenges, Canadian bank stocks have surged, erasing earlier losses and providing a small profit for investors in 2023.

Despite economic challenges, Canadian bank stocks have surged, erasing earlier losses and providing a small profit for investors in 2023.

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Morgan Stanley Asset Management Raises $1.2 Billion for Late-Stage Growth Investing

Discover how Morgan Stanley's asset management arm successfully closed growth and credit funds, raising nearly $1.2 billion to support private companies in their late-stage growth. 

Discover how Morgan Stanley\'s asset management arm successfully closed growth and credit funds, raising nearly $1.2 billion to support private companies in their late-stage growth. 

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Bank of Canada Holds Interest Rates Steady

The Bank of Canada has opted to maintain interest rates for the third consecutive meeting, citing a stagnant economy and the necessity to monitor inflation. While open to potential rate hikes, recent data indicates a shift from "excess demand," and the previous warning about heightened inflationary risks has been omitted. Despite the prospect of future rate increases, the consensus among most economists is that the Bank of Canada's tightening policy has reached its conclusion.

The Bank of Canada has opted to maintain interest rates for the third consecutive meeting, citing a stagnant economy and the necessity to monitor inflation. While open to potential rate hikes, recent data indicates a shift from "excess demand," and the previous warning about heightened inflationary risks has been omitted. Despite the prospect of future rate increases, the consensus among most economists is that the Bank of Canada\'s tightening policy has reached its conclusion.

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UBS Shares Rise 4% Despite $785M Loss

UBS, the Swiss banking giant, saw a 4% increase in its shares despite reporting a $785 million loss following the Credit Suisse deal. Find out more about the bank's Q3 results and its optimistic outlook.

UBS, the Swiss banking giant, saw a 4% increase in its shares despite reporting a $785 million loss following the Credit Suisse deal. Find out more about the bank\'s Q3 results and its optimistic outlook.

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