Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0230 GMT – Malaysian banks could see further room to expand their wealth management businesses, although growth is…
The Primacy Imperative: How Financial Institutions Can Win-And Keep-Market Share
JB Orecchia is the President and CEO of SavvyMoney. Over half of Americans feel overwhelmed by their finances. They're stressed, actively researching financial products and making decisions about where to borrow, save and invest. Many are in-market…
Shanghai needed as finance hub, as Hong Kong 'not enough': proposal
Shanghai has been urged to build itself into a hub serving the rising outbound investment needs of Chinese firms, potentially increasing rivalry with Hong Kong as both cities race to augment their status as financial centres. The suggestion by Liu…
AI Will Never Replace A Good Financial Advisor
There's a narrative gaining momentum that artificial intelligence will eventually replace financial advisors. It's an appealing idea, AI is efficient, data-driven, fast and a fraction of the cost of what many advisors charge. In fact “the…
Genesco Is the Latest Shoe Firm to Have a New Finance Guru
Nike Inc. is not the only shoe firm that has a new financial sheriff. Genesco Inc. on Monday named Jonathan Collins as its new senior vice president, finance, and chief financial officer (CFO). Collins, who begins his new position on Aug. 3, will…
SBM Offshore completes US$465 million financing of FSO Chalchi
SBM Offshore announces it has signed the project financing of FSO Chalchi for a total amount of US$465 million. The project financing is provided by a consortium of international banks and institutional investors and includes partial insurance…
Supreme Court justices' wealth ranked in new financial disclosures
Members of the Supreme Court reported millions of dollars in book income, investments and outside earnings in newly released annual financial disclosures, offering a rare window into the personal finances of the nation's highest judges. The…
Mercuria Signs First Uranium Financing Deal With Malawi Miner
Trading house Mercuria Energy Group Ltd. signed its first prepayment agreement with a uranium miner, striking a deal with the owner of an operation in Malawi. Australia's Lotus Resources Ltd. said last week it has signed a non-binding term sheet…
ADB approves financing to boost clean energy access in Sri Lanka
The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through rooftop solar aggregation and virtual net metering. The financing…
Break point: the Wimbledon finances row explained
Wimbledon fortnight is underway with a record prize pot of £64.2 million, but this has done little to assuage the sport's “increasingly mutinous” players, said The Observer. Tennis is “having a moment”.
EIB approves record €3B financing for Airbus (EADSY:OTCMKTS)
The European Investment Bank has committed a record €3B financing package to Airbus (EADSY), aimed at strengthening Europe's industrial and technological base amid rising competition from the U.S. and China. Airbus (EADSY) and the EIB have…
Americans may not reach financial independence until age 37 - and a viral trend called 'moneymaxxing' aims to fix that
As you grow up, it's easy to picture your life's trajectory: finish high school, go to college, graduate, get a job and start living in the world on your own as an adult. Unfortunately, this isn't the reality for many Americans. According to…
Ripple's Garlinghouse Slams Strategy's Financial Engineering
The long-standing ideological battle between Ripple CEO Brad Garlinghouse and MicroStrategy (now operating under the ticker Strategy) Executive Chairman Michael Saylor has flared up once again. In a new social media post, Garlinghouse fired a fresh…
Microsoft is fuelling up Excel with lots more AI tools for finance workers
Excel's AI updates give it reusable skills and real-time data integration Microsoft knows finance workers are an untapped area of the market User demand is responsible for which tools Microsoft adds next Microsoft has announced a new update to…
FuelCell Energy wins $49M in EXIM financing for exports to South Korea (FCEL:NASDAQ)
FuelCell Energy (FCEL) up 10.2% pre-market Monday after saying the Export-Import Bank of the United States approved a $49M financing package to support the export of American clean energy technology to South Korea. The first tranche, expected to…
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