Banking and Finance

Language services provider BLEND has announced the appointment of Yoav Ziv as its new CEO. Ziv, a seasoned professional with 27 years of experience in business and technology, including executive roles at Amdocs, succeeds Yair Tal, who has held the position since 2019. In a press release discussing the transition,...

Zurich's UK branch has announced Drazen Jaksic as its new CEO, succeeding Tim Bailey, who has led Zurich UK since January 2021. The transition marks a significant leadership change for one of Zurich’s primary markets. Alison Martin, CEO of EMEA & Bank Distribution, expressed her confidence in Jaksic's abilities, noting...

Global efforts to decarbonize heavy industries such as steel, cement, and chemicals are gaining momentum, with approximately $1 trillion worth of projects currently under development. These industries collectively account for over 30% of global greenhouse gas emissions, emphasizing the urgency of addressing their environmental impact. The challenge lies in securing...

Banco BPM’s shares soared on Monday following an announcement from French banking giant Crédit Agricole that it plans to increase its stake in the Italian lender. The announcement, made late last week, sent Banco BPM’s stock climbing over 2% in early trading, marking its most significant rise since January 2016....

The recent presidential election in the United States coincided with multiple indicators of economic strength, including robust consumer spending, strong economic growth, and unprecedented stock market highs. Data from the Bureau of Economic Analysis highlighted a steady rise in gross domestic product (GDP) this year, with annualized growth rates of...

UBS Group AG has announced organizational changes within its U.S. wealth management unit as part of its strategy to boost profitability in a key market for its growth ambitions. According to an internal memo from U.S. Country President Rob Karofsky and Michael Camacho, head of U.S. wealth management, the firm...

Real-time payments are predicted to generate over $15 billion in additional GDP growth for Nigeria and South Africa by 2028, according to the Real-Time Payments: Economic Impact and Financial Inclusion report published by ACI Worldwide. This report, produced in collaboration with The Centre for Economics and Business Research, draws on...

International Monetary Fund (IMF) economists emphasized that Asian economies are well-positioned to weather ongoing turbulence, despite facing internal challenges and potential external pressures, including the return of President-elect Donald Trump to the White House. IMF Asia-Pacific division chief Alasdair Scott noted the region’s resilience and significant growth potential, even as...

United International Holding Co., a financial services firm based in Saudi Arabia, announced on Sunday the passing of its CEO, Sakhr Abdulrahman Mohammed Al-Mulhem, who died on December 6. The news comes at a pivotal moment for the company, which recently marked its public debut on the Tadawul stock exchange....

The European Central Bank (ECB) is anticipated to implement another interest rate cut this week, marking its third consecutive reduction as it seeks to stimulate lending and revitalize consumer spending and business investment across the 20 eurozone countries. Having aggressively raised rates starting in mid-2022 to combat soaring energy and...