Financial markets
The Depository Trust and Clearing Corporation's (DTCC) Fixed Income Clearing Corporation (FICC) subsidiary has formally filed with the Securities and Exchange Commission (SEC) a rule filing to enhance FICC's Sponsored Service with a new cleared tri-party offering known as the Sponsored General Collateral (GC) "Collateral-in-Lieu&
Financial markets
The Saeima Budget and Finance (Tax) Committee in Riga, Latvia has supported a draft law that aims to introduce European Union (EU) requirements for the sustainability of digital operations in the financial market and the use of artificial intelligence. The draft law defines the financial sector participants that will be
Financial markets
Northern Trust Asset Management, a global leader in liquidity solutions with US$336 billion in short-term assets, has launched its NT U.S. Treasury Liquidity Strategy. This move follows the successful launch of its onshore US Treasury Strategy in July 2024, which has amassed US$5.4 billion dollars in
Economic growth
Mongolia's stable economic growth and prudent fiscal management have been cited by Fitch Ratings as key factors in reaffirming the country's credit rating at 'B+, Stable'. The agency's report highlights several positive trends, including a decline in government debt and a steady
Economic growth
TOP Financial Group Limited, a Hong Kong-based online brokerage firm, has relocated its headquarters to Singapore in a strategic move to tap into the city-state's robust financial ecosystem and expand its business in Southeast Asia. The company sees Singapore as an ideal hub due to its stable political
Financial markets
T. Rowe Price, a global investment management firm, has announced the latest episode of its investment-themed podcast, "The Angle." In this episode, host Eric Veiel interviews Jane Fraser, CEO of Citi, discussing strategic focus, global positioning, economic outlook, investor resilience, and growth opportunities in the banking sector. The
Economic growth
HNB Finance, a leading integrated financial services provider in Sri Lanka, has reinforced its commitment to driving sustainable economic growth through the successful completion of its 'Financial Literacy for Development' workshops in Wennappuwa and Nawalapitiya. The workshops, facilitated by the respective branch teams, aimed to equip micro and
Economic growth
Mr. Samuel Matsekete, the CEO of Old Mutual Zimbabwe, has been instrumental in shaping the company's efforts to support economic growth and sustainable development in Zimbabwe. Under his leadership, Old Mutual Zimbabwe has continued to play a significant role in fostering growth and prosperity in various communities. With
Financial services
Stokes Family Office, a leading wealth management firm, has announced the opening of its first Texas office in Dallas, led by Managing Director and Wealth Advisor Daniel Becker. Becker, a seasoned wealth manager with over a decade of experience, joins the firm from Strata Wealth Advisors, where he specialized in
Financial services
African Export-Import Bank (Afreximbank) has had its AAA issuer credit rating affirmed by China Chengxin International Credit Rating Co., Ltd (CCXI) with a stable outlook. This reflects CCXI's evaluation of Afreximbank's strong strategic positioning, sound risk management, flexibility in business development, and very high profitability. The
Financial services
Monumental Financial Planning, a private wealth advisory practice of Ameriprise Financial Services, has welcomed Alan Butler, Associate Financial Advisor, to its team. Butler brings over 23 years of experience in the financial services industry, highlighted by his 18-year tenure in the Baltimore office of Morgan Stanley. During his time at
Financial services
Michael Clayton, an associate advisor at Harford Financial Group, has achieved the prestigious Certified Financial Planner ™ certification. This esteemed certification is the standard of excellence in financial planning, awarded to professionals who meet rigorous education, training, and ethical standards. Clayton's commitment to serving his clients' best interests
