Banking industry
The Reserve Bank of India (RBI) has issued a clarification regarding its stance on virtual currencies (VCs), stating that the April 2018 order on VCs is no longer valid following a Supreme Court judgment in March 2020. The RBI's clarification comes after several banks, including State Bank of
Banking industry
As the country continues to battle the pandemic, the Indian Banks' Association (IBA) and State Bank of India (SBI) have joined forces to provide crucial financial aid to individuals and healthcare units. The newly announced loan products and schemes aim to ease access to Emergency Health Services, as encouraged
Banking industry
The global cards market is expected to continue its growth trajectory, driven by increasing demand for credit cards and digital prepaid card services in emerging economies. Despite the challenges posed by the COVID-19 pandemic, the market is expected to reach $225.95 billion in 2025 at a compound annual growth
Banking industry
The consumer finance market is expected to experience significant growth due to rising consumer spending on goods and services, increased production capacity, and technological advancements. The market is driven by increasing demand for digital audit and advisory services, as well as the need for full-spectrum consumer lending asset classes. Key
Banking industry
Climate justice activists, led by the Stop the Money Pipeline (STMP) coalition, have raised concerns over JPMorgan Chase's newly released climate targets, labeling them "a fig leaf for fossil expansion." The financial institution's CEO, Jamie Dimon, faced questions from activists on various issues, including
Banking industry
Climate justice activists at the JPMorgan Chase annual general meeting pressed CEO Jamie Dimon on the bank's oil, gas, and coal policies, with many questioning the effectiveness of the bank's 2030 carbon intensity targets. Critics argue that these targets are a "fig leaf for fossil
Banking industry
A significant number of Americans lack a credit score, which can make it difficult for them to obtain credit cards or access other financial services. However, a new government-backed initiative, supported by several major banks, may soon provide a solution. Under this program, credit card applicants without a credit score
Banking industry
Ares Management Corporation, a leading global alternative investment manager, announced that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financial Officer, Michael McFerran, will present at the Wells Fargo Virtual Financial Services Investor Conference on May 19, 2021. The presentation will provide insight
Banking industry
Industry leaders from prominent banking, financial services, and insurance companies will gather at the ISG TechXchange: BFSI on May 18-19 to discuss the latest digital solutions that deliver a seamless customer experience and boost loyalty and sales. The event will explore topics such as digitizing customer journeys, scaling up transformation,
Banking industry
International law firm Hogan Lovells has advised a syndicate of banks on Rexel's new sustainability-linked notes offering, marking one of the first sustainability-linked high yield bonds issued in Europe. The team, led by High Yield partner Sylvain Dhennin, worked with a syndicate of banks to issue the EU300
Banking industry
Recent weeks have seen significant developments in corporate real estate news across New Zealand and internationally. This update highlights key trends, transactions, and announcements that impact the industry. New Zealand corporate real estate news has been dominated by Microsoft's Work Trend Index findings, which revealed that 71% of
Banking industry
Despite adopting commitments to stop deforestation and uphold human rights, major multinational brands and banks continue to contribute to the destruction of forests, ongoing land grabs, and violence against local and Indigenous communities. A recent scorecard released by the Rainforest Action Network (RAN) evaluates 17 brands and banks, finding that
