Banking & Finance

Stress in home loans manageable despite high rates: ECB

ECB's review shows lenders were not adequately weighing up risks before granting a mortgage

South Korea, Asian Development Bank sign $2 billion agreement to support development projects

The cofinancing will support projects that include climate change, transportation, energy, agriculture, ICT

FDI into U.K.’s financial services sector declines 50 percent: Report

Asset management emerged as the sector attracting the largest sources of FDI

Abu Dhabi’s ADQ acquires 49 percent stake in Plenary Group to drive public infrastructure expansion

The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec

Hedge fund industry sees $190 billion asset growth in Q1, hits record $4.3 trillion

The industry attracted $16.6 billion in new investments, with a focus on equity and event-driven hedge fund strategies

IMF prepared to assist Sri Lanka in talks with bondholders

Sri Lanka government failed to restructure $12 billion debt with bondholders

EIB approves $4.57 billion for business, climate action and energy across Europe

EIB signed €88 billion in new financing for over 900 projects in 2023

EU to provide Egypt with $1.06 billion assistance to support country’s economic recovery

EU has also scheduled $4.26 billion in longer-term assistance for Egypt over the period of 2024-2027

Visa’s CEMEA President Andrew Torre on getting ready for the next wave of digital disruption

Businesses need to be agile, adapt their strategies and invest in digital infrastructure

The World Bank: MENA can be an engine for change, partner for sustainable future

Region must tackle important structural reform agenda to ensure peace and stability

Eurozone banks ease mortgage approvals amid falling credit demand

The ECB's interest rate hikes to fight inflation have halted bank credit growth in the eurozone

China to establish $70 billion re-lending program to support science and technology sectors

21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program

Digital wallets empower financial inclusion and cross-border payments: Visa report

The global volume of digital wallets is forecasted to reach $12 trillion annually by 2028

US Federal Reserve keeps interest rates unchanged

The Fed's policy statement said inflation remained "elevated"

Andrew Torre on Visa’s financial inclusion of small businesses, latest campaign

Torre highlights three examples from the Visa Impact Series Campaign that changed the lives of not only entrepreneurs but also their partners and customers

World’s largest banks by market cap

JPMorgan Chase tops the list based on market capitalization

What is SWIFT banking?

Learn how it works and what SWIFT codes are for

Interest rate cuts in 2024: Will expectations be met?

Analysts cite uncertainties surrounding timing of rate reductions