Banks (Finance)
The European Investment Bank (EIB) and Ecobank Group have signed a long-term credit facility worth E100 million to support business investment across Africa, with a focus on sectors hardest hit by the COVID-19 pandemic. The facility will be used to provide financing to Small and Medium-sized Enterprises (SMEs) in Africa,
Banks (Finance)
In the Irish mortgage market, lenders engage in dubious practices to attract customers, resulting in higher rates for many borrowers. The average rate for a new mortgage in Ireland is 2.72 per cent, significantly higher than the eurozone average of 1.27 per cent. This discrepancy translates to a
Banks (Finance)
The COVID-19 pandemic has triggered unprecedented changes in business operations and accelerated digitalization trends in Africa. Despite its impact, the African finance sector has demonstrated remarkable resilience, with 78 leading banks and financial institutions survey by the European Investment Bank (EIB) showing stability in the sector. However, the pandemic has
Banks (Finance)
Amalgamated Financial Corp., the holding company for Amalgamated Bank, has closed an underwritten public offering of $85,000,000 aggregate principal amount of its 3.250% Fixed-to-Floating Rate Subordinated Notes due 2031. The Company intends to use the net proceeds from this offering for general corporate purposes, including the cash
Banks (Finance)
Amalgamated Financial Corp., the holding company for Amalgamated Bank, has closed its underwritten public offering of $85,000,000 aggregate principal amount of 3.250% Fixed-to-Floating Rate Subordinated Notes due 2031. The net proceeds from this offering will be used for general corporate purposes, including the cash consideration for Amalgamated
Banks (Finance)
The big banks in Australia have begun to increase their fixed interest home loan rates, citing rising wholesale funding costs, despite the Reserve Bank of Australia's (RBA) decision to keep the official cash rate at a record low for over a decade. This move is a departure from
Banks (Finance)
The US dollar was trading mixed against major currencies on Tuesday, as investors awaited key policy decisions from the US Federal Reserve, the Bank of England, and the Reserve Bank of Australia. The pound sterling was lower against both the euro and the dollar, while the Australian dollar plummeted after
Banks (Finance)
The Japan Bank for International Cooperation (JBIC) and the European Investment Bank (EIB) have signed a memorandum of understanding (MOU) to strengthen cooperation between the two policy-based public financial institutions. The agreement aims to promote collaboration in areas such as climate and environmental change measures, including carbon neutrality, infrastructure, innovation,
Banks (Finance)
Fidelity Bank plc has successfully concluded a 5-year Eurobond offering, raising $400 million from the international capital markets with a 7.765 percent coupon. This highly successful outing marks the bank's third foray into the global debt market, following previous issues in 2013 and 2017. The Eurobond was
Banks (Finance)
Banks due to attend a green investment summit in the UK have provided over £700 billion of financing for the fossil fuel industry since the 2015 Paris Agreement. The summit, which will feature over 200 investors, aims to "galvanise foreign investment in the UK's green industries of
Banks (Finance)
Antarctica Advisors LLC, the leading seafood industry-focused M&A advisory firm, played a crucial role in the sale of Northern Wind Inc. to ACON Investments LLC. The acquisition is a significant milestone in the North American seafood industry, as it forms the foundation of Atlantic Sustainable Catch (ASC), a
Banks (Finance)
US authorities have taken a significant step in combating cyber-enabled fraud by unsealing an indictment against 11 individuals for their alleged involvement in money laundering and identity theft schemes. Damian Williams, the US Attorney for the Southern District of New York, and Patrick J. Freaney, the Special Agent-in-Charge of the
