Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Green lift: Hong Kong widens finance taxonomy to spur transition capital
Hong Kong unveiled an expanded sustainable finance taxonomy as the city kicked off its annual Green Week on Monday, broadening the range of economic activities recognised as green or transition. The Hong Kong Monetary Authority (HKMA) launched a…
Hong Kong to propel belt and road market expansion, finance chief says
Hong Kong will step up support for belt and road enterprises seeking to expand into new markets and tap regional growth, reinforcing its role as a pivotal business hub and platform for deeper exchanges, the city's financial chief has said. In his…
China prepares £40bn stimulus for financial sector amid fears over sluggish growth
China will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth. A host of financial institutions said they were due to receive billions of yuan in capital…
China pumps massive US$54b into insurers, banks in financial powerhouse push
China rolled out a package of capital injections worth about 360 billion yuan (US$54 billion) on Sunday for the country's largest state-owned insurers and state banks, marking a step towards Beijing's long-flagged plan to build itself into a global…
Finance stocks' biggest August movers: Robinhood rallies 36% as Aon, PayPal sink
The financial sector posted a modest gain over the past month and slightly outperformed the broader market. The Financial Select Sector SPDR Fund (XLF) delivered a 0.54% price return, compared with a 0.11% gain for the S&P 500 (…
IFAD, Bank of Kigali seal $21m deal to unlock finance for farmers' organisations
The International Fund for Agricultural Development (IFAD), Bank of Kigali and Aceli Africa have partnered to strengthen agricultural financing in Rwanda through a new agreement aimed at improving access to finance for farmers' organisations and…
Trump's Financial Disclosure Reveals a Personal Stake in Musk's SpaceX (SPCX)
Reuters reported that President Donald Trump bought between $15,001 and $50,000 in Space Exploration Technologies Corp. (NASDAQ: SPCX) shares on June 23, according to a financial disclosure signed August 12 and made public August 22. The purchase…
Right Choice | MBA in marketing vs finance: Which specialisation wins in an AI-driven economy?
AI is likely to disrupt the two functions differently. Finance is arguably more directly exposed at the task level. Financial modelling, forecasting, research, reporting and data analysis are highly structured activities, and AI is increasingly…
BNY Mellon Oversees $62 Trillion in Client Assets. Custody Is the Quietest Fee Machine in Finance.
There are several different types of banks that handle various functions for their customers and often perform differently, depending on the market. There are commercial banks that manage assets for consumers and businesses, investment banks that…
Africa gets only 23% of the climate finance it needs - and pays too much for it
African countries have committed themselves to cutting greenhouse gas emissions and protecting their people from the worsening effects of climate change. These commitments form part of the Paris Agreement, an international climate treaty adopted in…
Two-day seminar on second-generation GST reforms to begin at Gulati Institute of Finance and Taxation on Monday
The Gulati Institute of Finance and Taxation (GIFT), in collaboration with Indian Council of Social Science Research (ICSSR), is organising a national seminar on September 7 and 8 to discuss the second-generation reforms of Goods and Services Tax…
Visa vs. American Express: Which Financial Stock Is the Better Buy?
Visa (V -0.97%) and American Express (AXP -1.11%) are two of the most well-known financial companies that enable countless transactions each day. Although they operate in the same industry, there are subtle differences between the two that are…
Prediction markets have become America's new national pastime | Dave Schilling
If only George Santos and Bill Simmons had my parents, they wouldn't be facing down a hailstorm of condemnation for circumventing the basic rules and regulations of dubious “prediction markets” and online gambling. Kalshi just banned…
Millions of drivers set for £829 car finance payouts face being 'short-changed'
Millions of drivers set for £829 car finance payouts face being ‘short-changed' to save lenders billions, it has been warned. Consumer Voice is challenging the Financial Conduct Authority's (FCA) compensation plan. The consumer group…
The Sinaloa Connection: Mapping a Global Cartel's Financial Footprint Across Major Banks
Summary This article examines the documented links between the Sinaloa cartel and nine major banks—Bank of America, Wells Fargo, HSBC, Citibank, JPMorgan Chase, Deutsche Bank, Credit Suisse/UBS, Prudential, and…
Receive a Daily briefing on Financial Industry News
Get Started