For many trade finance banks that still relied on legacy systems and paper-based processes, the Covid crisis put them on a forced march into the future.
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BSF- NSF and GIF, Israel; Norwegian 2014-2021, Norway; NCN and NAWA, Poland; La Caixa Banking Foundation, CERCA Programme Generali- tat de Catalunya and PROMETEO and GenT Programmes Generalitat Valenciana, Spain; Göran Gustafssons Stiftelse, Sweden; The Royal Society and Leverhulme Trust, UK...
North Carolina’s Coastal Credit Union Foundation is directing assistance to local non-profits that assist groups that have suffered some of the worst economic fallout from the Covid-precipitated economic crisis. It has provided grants in excess of $1 million to provide community assistance in respo...
The bank’s ROE stood at 11.7% after conservative provisioning against credit impairments; without the additional reserves it would have been 24.7%, only marginally lower than the previous year at 24.7%. Armenia’s Ameriabank ranks first in the country’s banking system in key metrics from ...
A crisis-filled year reminded private banking customers of the value of the personal touch. This year’s winners found ways to accommodate them.
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Asian banks power ahead:Clever strategies, niche appeal and foreign alliances raise the profits and prestige of financial institutions across the vast continent.
The next five years will bring some dramatic changes for sub-custody providers in Europe as a result of regulatory initiatives and an evolving settlement and clearing infrastructure, Fors says. “The European Union’s 27 member states now have 27 different infrastructures,” he says. “The fragmen...