In just three years, Brazil’s hugely popular Pix payment system has become the country’s favorite way to pay, replacing cash and wire transfers in many cases and now threatening the dominance of credit cards in the booming e-commerce sector.
Standard Chartered has picked new regional heads for its corporate and investment banking business (CIB), according to a person with knowledge of the matter, as the Asia-focused bank undergoes a major management reshuffle.
Societe Generale , France’s third-biggest listed bank, and U.S. asset manager AllianceBernstein officially launched their joint venture in the cash equities and equity research businesses, the two companies said on Tuesday.
Fitch Ratings maintained Israel’s ‘A+’ sovereign credit rating on Tuesday and removed the country from “rating watch negative” (RWN) but said Israel’s war against Islamist group Hamas in Gaza remained a risk.
Huawei Technologies’ parent company plans to pay 77.095 billion yuan ($10.65 billion) in dividends to current and retired staff, it said in a Shanghai Clearing House filing on Tuesday.
The Swiss National Bank could consider a rotating chairmanship as it seeks a successor to Chairman Thomas Jordan, who will step down from his post later this year, the head of a group which campaigns for accountability at the SNB said on Tuesday.
Banking regulators are probing if asset management giants BlackRock , Vanguard and State Street are sticking to their passive roles when it comes to investments in U.S. banks, the Wall Street Journal reported on Tuesday.
The World Bank is looking to issue up to $1 billion in a debut hybrid note on capital markets this year, a senior executive told Reuters, as development banks face increasing pressure to find new ways to boost their lending.
