Banks tighten standards on loans to companies of all sizes: Fed
CFO Dive
NOVEMBER 6, 2023
Demand for commercial and industrial loans fell during the third quarter as the Fed pushed up the benchmark interest rate to a 22-year high.
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CFO Dive
NOVEMBER 6, 2023
Demand for commercial and industrial loans fell during the third quarter as the Fed pushed up the benchmark interest rate to a 22-year high.
Global Finance
JUNE 9, 2025
Regional Winners Most Innovative Bank in Middle East| ARAB BANK Acabes, Arab Bank’s in-house development factory, enabled the bank to launch an updated version of its Reflect banking app in 2024. Customers can also use Salary Transfer and instant transfer features with these currencies.
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CFO News
JUNE 17, 2025
Mumbai banks anticipate lower lending yields this fiscal year. Repricing of loans linked to external benchmarks will impact private banks. Caution in unsecured loans and slower retail growth contribute. Policy rate cuts also play a role. Analysts predict a yield drop to 8.6%. Net interest margins may contract.
PYMNTS
NOVEMBER 23, 2020
Merchants and their banks must therefore keep a close eye on how privacy and open banking trends are changing, as well as what data they can use to help authenticate these customers under these emerging laws. Deep Dive: How Merchants Can Keep Pace With Changing Digital Identity Needs As Open Banking Progresses. million U.K.
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Global Finance
MARCH 27, 2025
Global Finance: Can you share the key tenets of your SME strategy and how it aligns with the banks overall vision? Abdullah Al Mejhem: At Boubyan Bank, our SME strategy is built on three key pillars: Customer-Centricity, Digital Innovation, and Financial Empowerment. GF: Boubyan Bank has positioned itself as a one-stop shop for SMEs.
PYMNTS
AUGUST 16, 2020
Berkshire Hathaway ’s unloading of billions of dollars from bank stocks is exacerbating the hurt on the nation’s biggest financial institutions, Reuters reported. Once worth $32 billion, Berkshire has dropped more than half of its Wells Fargo shares, as the bank was hurt by scandals, Reuters reported. Morgan by 62 percent to 22.2
Global Finance
OCTOBER 22, 2024
A recent survey by EY of more than 1,800 global CFOs and treasurers of corporate and commercial clients was unveiled at Sibos, revealing chances for banks to provide value-added services. The three subsequent challenges are digitizing treasury functions, managing real-time data feeds for accurate reporting and benchmarking performance. “I
Global Finance
APRIL 5, 2025
Anthony Noto Africa : Rand Merchant Bank Dealmaking in Africa has rebounded, due to declining interest rates and inflation. Deal activity will continue, owing to increased confidence and stable macroeconomics, says Robert Leon, co-head of Rand Merchant Bank (RMB) Investment Banking. billion), Hyundai Motor India in Bombay ($3.3
PYMNTS
NOVEMBER 3, 2020
In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look at Credit Benchmark’s risk data.
CFO News
APRIL 7, 2023
Since last year, central banks have been raising their benchmark lending rates to tackle inflation, which rose to levels not seen for decades in many countries including the United States.
Global Finance
JUNE 3, 2025
“In fact, some of the most cutting-edge developments in global banking originate [in Latin America]. These arent just regional success stories, but global benchmarks. However, Tripathi warned that more than 50% of the total capital invested in the world banking sector is trading below its value.
PYMNTS
AUGUST 16, 2020
Berkshire Hathaway ’s unloading of billions of dollars from bank stocks is exacerbating the hurt on the nation’s biggest financial institutions, Reuters reported. Once worth $32 billion, Berkshire has dropped more than half of its Wells Fargo shares, as the bank was hurt by scandals, Reuters reported. Morgan by 62 percent to 22.2
CFO News
MAY 12, 2025
Indian benchmark indices Sensex and Nifty experienced a decline on Tuesday morning, reversing gains from the previous day's surge. While some stocks like Sun Pharma saw gains, Infosys and Kotak Mahindra Bank led the losses among Sensex constituents. This downturn followed a fragile ceasefire agreement with Pakistan.
PYMNTS
JANUARY 31, 2020
Visa ranks 7th and Mastercard ranks 11th in the benchmark S&P 500 index. They literally sit in the middle of the banks, consumers and merchants and that has been a really enviable place to be.”. Both companies have seen their stock prices soar, fueled in part by online shopping. As of the market’s close on Thursday (Jan.
CFO News Room
FEBRUARY 3, 2022
stock indexes gained after a volatile trading session that was marked by a selloff in technology stocks and increasing hawkishness from global central banks. The Bank of England on Thursday raised its key interest rate for a second consecutive meeting , while the European Central Bank President. Futures for major U.S.
PYMNTS
AUGUST 3, 2020
London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release. Metro Bank will operate RateSetter as an independent entity and make loans under both its and Metro Bank brands.
Global Finance
DECEMBER 6, 2024
Private banks increase their technology investments to improve their high-touch offerings for the wealthy. On the other side of the equation are the global private banks, which see the current mixture of massive wealth generation and increasingly complex demands as a generational opportunity. David Frame, CEO of J.P. Morgans U.S.
CFO News Room
FEBRUARY 5, 2022
The new benchmark 6.54%-2032 bond yield ended 14 basis points higher at 6.8279%, compared to 6.6841%. The old benchmark 6.10%-2031 bond yield ended 16 basis points up at 6.8458%, as against 6.6829% close on Monday. lakh crore and a revised fiscal deficit of 6.9% for the current fiscal year, higher than the earlier estimate of 6.8%.
CFO News Room
FEBRUARY 5, 2022
But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. The government’s record borrowing plans for the next financial year sent benchmark bond yields to two-and-a-half years high. By Yoosef Kp & Ruchit Purohit. After surging as much as 1,018.03
CFO News
OCTOBER 5, 2023
Experts predict that the Reserve Bank of India (RBI) will maintain the current benchmark interest rate at its bi-monthly monetary policy review due to elevated inflation and global factors. The RBI has kept the rate unchanged in the last three policy reviews and is expected to continue with the existing rate structure.
CFO News Room
FEBRUARY 4, 2022
Similarly, the yield on benchmark securities rose nearly 20-25 basis points and touched a 30-month high since the start of the week. The benchmark yield ended marginally down on Friday at 6.8789%. At home, the Reserve Bank of India ( RBI ), too, has withdrawn liquidity from the markets. Financial Express is now on Telegram.
PYMNTS
NOVEMBER 18, 2016
New research from comScore MobiLens revealed that mobile banking penetration in France is almost 30 percent. In Q2 2016, more than half (54 percent) of the country’s internet users visited online banking sites on a monthly basis, averaging 10 visits per month lasting more than five minutes each time. percent use banking apps.
CFO News Room
FEBRUARY 2, 2022
The government and the central bank can deal with the movement of bond yield “in an orderly” and non-disruptive manner, economic affairs secretary Ajay Seth told FE on Wednesday. The benchmark has risen 40 basis points (bps) so far in 2022 on top of the 56 bps in 2021. lakh crore budgetted by the Centre for FY23.
CFO News Room
FEBRUARY 4, 2022
labor market boosted investors’ expectations that central banks will begin steadily raising interest rates to fight inflation. The benchmark 10-year U.S. Yields, which rise as prices fall, began climbing in Europe after European Central Bank President. Carsten Brzeski, global head of macro research at Dutch bank ING.
CFO News Room
NOVEMBER 4, 2022
A Federal Reserve official signaled support Friday for continuing to raise interest rates but at a somewhat slower pace than the central bank has moved this year to avoid risks of too much tightening. The Fed raised its benchmark federal-funds interest rate this week by 0.75
CFO News
JUNE 5, 2025
The Reserve Bank of India (RBI) maintains GDP growth projections at 6.5% The Monetary Policy Committee (MPC) has reduced the benchmark policy rate by 50 basis points to 5.5% for the current fiscal year, highlighting the Indian economy's strength and stability amid global uncertainty. to bolster economic expansion.
PYMNTS
OCTOBER 23, 2018
Data intelligence firm Aktis is rolling out a cloud-based platform for banks to benchmark and analyze their market positions compared to industry peers. Aktis said it aims to make governance transparent for the banking industry. The company said in a press release on Monday (Oct.
Future CFO
NOVEMBER 19, 2019
China lowered its new benchmark lending rate on Wednesday, in an attempt to give a boost to the slowing economy and reduce funding costs. This wasn’t the first time that the one-year LPR was lowered—it has been lowered thrice since it became the official lending benchmark in August. The PBOC injected a net 80 billion yuan ($25.68
PYMNTS
NOVEMBER 11, 2020
Mark Nelsen, senior vice president at Visa for Europe product, noted the offering comes at a time when the coronavirus pandemic has accelerated the shift toward online payments and banking, not to mention online shopping as well.
CFO News
MAY 16, 2023
Indian banks have urged the Reserve Bank of India (RBI) to find a more even-handed way to distribute liquidity and narrow the gap between overnight rates and the benchmark policy rate. The WACR peaked at 6.78% on 15 June.
Global Finance
OCTOBER 10, 2024
Australia Michele Bullock: Too Early To Say Reserve Bank of Australia veteran Michele Bullock took the helm as the bank’s first female governor in September last year during intense soul-searching at the institution, which had come under critical scrutiny during the tenure of her predecessor, Philip Lowe.
CFO News
JUNE 6, 2025
Home, personal, and car loans tied to external benchmarks, such as the repo rate, will see an immediate downward reduction. Policy action, Reserve Bank of India (RBI) Governor Sanjay Malhotra said, is geared toward boosting broader credit demand for which monetary support is a "necessary condition", although not sufficient.
Global Finance
FEBRUARY 4, 2025
Aurlien Viry: Following the COVID pandemic, some large corporates faced issues with their supply chain, suppliers, and banking partners to fund increased requirements. To help strengthen their supply chain finance programs, some large corporates started looking for bank-agnostic solutions using multiple or successive funding partners.
PYMNTS
DECEMBER 4, 2020
The bank also processed record-breaking online and mobile payment transactions on Cyber Monday, up nearly 25 percent over 2019. Our Payment Optimization Framework provides a data-driven approach to continuously monitoring, benchmarking and optimizing payment acceptance,” Smith said. . Morgan, said in a blog post on Friday (Dec.
CFO News Room
FEBRUARY 6, 2022
Global markets have been volatile in recent weeks as the Federal Reserve has prepared to raise interest rates for the first since 2018, and other major Western central banks have also become more hawkish. In the bond market, the benchmark 10-year U.S. indexes were close to flat, offering little clue to the likely direction of U.S.
Barry Ritholtz
APRIL 17, 2025
The reporters did not suggest wrongdoing, but allow me to point out that any advisor, let alone two, who became billionaires while wildly underperforming their benchmarks are obviously not fiduciaries. So I bought Silicon Valley Bank options (SVB) right after it got cut in halfbut right before it went to zero.
PYMNTS
OCTOBER 14, 2020
21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time. “We dollar ) are seen as a way to generate yield off of idle assets at a time when bank rates for cash are effectively zero. This in the wake of the OCC’s Sept.
Barry Ritholtz
NOVEMBER 25, 2023
Atwater previously ran JPMorgan’s asset-backed securities business and served in executive roles at First USA, Bank One and Juniper Financial. Over his 32-year tenure, the fund has beaten 100% of peers, and outperformed the Russell 2000 benchmark by 3.49% annually, and has more than doubled the performance of the S&P 500.
Strategic Treasurer
MAY 12, 2022
Survey Shows Non-Bank Financial Institutions Prioritizing Security, Compliance, Efficiency. Atlanta, GA] May 12, 2022 — Today, Strategic Treasurer and Kyriba release the results of the Non-Banking Financial Institution (NBFI) Survey. Benchmarking: Personal Best. The vast majority were North American corporates (91%).
CFO News
MAY 12, 2023
After scrutiny, the RBI found that the bank failed to link interest on floating rate retail loans and loans to MSME to an external benchmark and also failed to link interest on floating rate rupee loans sanctioned and renewed during financial year 2020-21 to its Marginal Cost of Lending Rate (MCLR).
Global Finance
SEPTEMBER 5, 2024
Standard Chartered has launched a new ESG-Linked Cash Account for corporate banking clients that rewards them for meeting targets tied to environmental, social and governance (ESG) priorities. The post Bank Offers Cash For ESG Goals appeared first on Global Finance Magazine.
PYMNTS
OCTOBER 12, 2020
Saudi Payments, the state-owned payment apparatus, recently partnered with stc pay to boost its mobile wallet and expand financial inclusion to more people not currently banked in the country. Saudi Arabia is in the midst of a new movement to reduce reliance on cash.
PYMNTS
JUNE 3, 2020
The Reserve Bank of Australia (RBA), the country’s central bank, is considering reducing the cost of electronic payments for merchants and consumers as COVID-19 makes e-banking preferable, Assistant Governor Michele Bullock said on Wednesday.
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