Banks (Finance)
Terra Metals Inc. has announced a landmark strategic equity investment partnership between the Investment Bank of Africa (IBA) and the Nalolo Solar Power Energy Company (NASPEC), marking a major step forward for Zambia's renewable energy transition. This collaboration will advance the Nalolo Solar Project, a significant initiative driving
Banks (Finance)
Rate cuts are expected to impact the global economy, with the Bank of Canada and the Federal Reserve making interest rate decisions on the same day this week. The decision will be influenced by the recent data on inflation, which is expected to remain sticky at 3.1 per cent,
Banks (Finance)
The Bank of England is expected to hold interest rates at 4% next week, with inflation remaining steady at 3.8% in the year to August. Economists and traders anticipate no change in borrowing costs on Thursday, with the monetary policy committee (MPC) taking a cautious approach to further monetary
Banks (Finance)
Moody's Investors Service has upgraded Bank of Ireland's (BOI) long-term deposit and senior unsecured debt ratings to Aa3 from A1, reflecting the bank's strong asset quality, high levels of capitalisation, and significantly stronger core profitability. The upgrade also includes the standalone Baseline Credit Assessment
Banks (Finance)
The European Commission and the European Investment Bank (EIB) Group have jointly launched a significant initiative to address energy efficiency challenges faced by small and medium-sized enterprises (SMEs) in Europe. Developed in partnership with the Solar Impulse Foundation, this initiative aims to mobilize a total of EUR65 billion in financing
Banks (Finance)
A federal grand jury in Georgia has indicted eight individuals associated with the House of Prayer Christian Churches of America (HOPCC) on various charges, including bank fraud, wire fraud, and tax evasion. According to the indictment, the defendants exploited their leadership positions to manipulate and control church members, forcing them
Banks (Finance)
Moody's Ratings has announced that it has placed Hancock Whitney Corporation and its subsidiary, Hancock Whitney Bank, on review for upgrade, focusing on the sustainability of their improved capitalization and strong profitability, as well as the potential credit implications of the bank's multi-year growth plan. Key
Banks (Finance)
As of January 1, 2026, lawyers in Denmark will be required to make identification information available to their banks on clients who have funds in collective client bank accounts. This new provision is part of an amendment to the Money Laundering Act, which was adopted by the Danish Parliament in
Banks (Finance)
The Eighth ASEAN Inclusive Business Forum 2025 concluded in Kuala Lumpur, Malaysia, emphasizing ASEAN's dedication to integrating inclusivity and sustainability into the region's economic landscape. The two-day event brought together government officials, business leaders, investors, civil society representatives, and development partners to discuss progress and chart
Banks (Finance)
Moody's Investors Service has upgraded the long-term ratings and assessments of Allied Irish Banks, p.l.c. (AIB) and its holding companies AIB Group plc (AIBG) and EBS d.a.c. by one notch, citing reduced asset risk, strong capitalization, and improved core profitability. The upgrades reflect the
Banks (Finance)
Foreign institutional investors (FIIs) have consistently been a significant presence in India's banking and financial services sector, with their investments swinging between massive inflows and significant outflows. During the quarter ended June 2025, FIIs poured é 66,161 crore into the financial services sector, including banks, while their
Banks (Finance)
The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited for its latest issuance, the SBEN66 Equity Index Linked Notes, a part of the bank's Structured Note Programme. This financial instrument has been structured with a redemption basis linked to an equity
