Finance

MADRID, April 17 (Reuters) – Spain’s Santander (SAN.MC), opens new tab will exit the mortgage business in Germany and cut around 500 jobs there by the end of 2026 as part of a process to concentrate on more profitable activities, a spokesperson […]

MEXICO CITY, April 16 (Reuters) – Mexico’s Grupo Financiero Banorte (GFNORTEO.MX), opens new tab reported on Tuesday a 9% hike in first-quarter net profit from the year-ago period, citing growth in its loan book. Net profit for the quarter hit 14.21 billion […]

April 16 (Reuters) – PNC Financial Services (PNC.N), opens new tab reported a 21% fall in first-quarter profit on Tuesday, hurt by lower interest income as the lender paid more to hold customer deposits in a high interest rate environment. The bank […]

Al Ansari Exchange, a branch of Al Ansari Financial Services, is set to utilise Aani, an instant payment platform designed to revolutionise digital payments. This move follows a partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank […]

WITH the market for initial public offerings (IPOs) showing signs of making a comeback in 2024, competition to capture new listings among major stock exchanges in Singapore, the United States, Hong Kong and London is expected to intensify in the […]

WASHINGTON, April 11 (Reuters) – The World Bank and six other multilateral banks have made good progress in integrating global challenges like climate change into their agendas, but most have miles to go in implementing other needed reforms, a tool […]

The Bank of Japan (BOJ) is expected to abolish its negative interest rates at its upcoming meeting in April, according to a survey conducted by Bloomberg. Out of 36 analysts, 34 believe that the BOJ will scrap the policy, which […]

The data raised the likelihood that the first Fed rate cut will come right before November’s presidential vote, which would thrust the independent US central bank into the middle of a fractious fight between President Joe Biden and his likely […]

April 8 (Reuters) – Over 42 million customers have used Bank of America’s (BAC.N), opens new tab virtual financial assistant more than 2 billion times since its launch in 2018, the lender said on Monday. The assistant, Erica, helps users with money […]

FRANKFURT, April 9 (Reuters) – Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and a stagnant economy, a European […]