Banking

Banking

Forbright Bank Announces Jim Sigman as Senior Advisor and Matthew Quale as President of Digital Banking

CHEVY CHASE, Md.--(BUSINESS WIRE)--As part of its commitment to building a nationwide full-service bank focused on decarbonization, Forbright announced today that Jim Sigman has joined the Bank as Senior Advisor and Matthew Quale has joined the Bank as President of Digital Banking. “Our unique commitment to decarbonization and sustainability, and strong institutional backing, continues to resonate with experienced and successful professionals,” said John Delaney, Founder and Executive Chairman of Forbright Bank. “Jim and I have had a nearly thirty-year professional relationship across multiple businesses and it's an utter privilege to...
Banking

World Bank walking tightrope as it mulls increased lending to poorest | World Bank

Not since the early 1990s has the world faced such a period of low growth.Discounting the havoc caused by the financial crash of 2008 and the initial impact of the Covid-19 pandemic, the World Bank says that by the end of 2024 it will have been 30 years since the global economy grew at an average of less than 2% a year.Worse, the world stands on a “razor’s edge” and risks falling into a recession this year if the situation in Ukraine deteriorates any further or another global crisis emerges.The...
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