Big US banks withstand Fed’s commercial real estate shock scenario
NEW YORK - Big US banks survived a hypothetical 40 per cent drop in commercial real estate (CRE) values as...
Banking
U.S. Sanctions Banking Network Transferring Billions for Iran’s Military
Latest Developments The United States sanctioned nearly 50 individuals and entities that comprise branches of a “shadow banking” network processing...
The biggest US banks are more vulnerable than they were last year, Fed’s stress test shows
Valerie Plesch/Bloomberg/Getty Images The Federal Reserve's annual bank stress test revealed banks are still on good footing, but not quite...
French far-right leader Jordan Bardella vows ‘cultural battle’ and demands EU rebate
Jordan Bardella, the far-right candidate to be France’s prime minister, has pledged to fight a “cultural battle” against Islamism and secure an EU budget rebate even as he promised “a lot of pragmatism” on the economy if his party wins snap elections.The 28-year-old chief of the Rassemblement National party said in a Financial Times interview that he was confident of winning an outright majority in legislative elections, which would force President Emmanuel Macron into a “cohabitation”, or power-sharing government, with a potentially antagonistic counterpart.“I think the French are ready for...
Breakthrough Energy Catalyst and the European Investment Bank Announce €75 Million of Funding for Rondo Energy to Develop Industrial Decarbonization Projects Across Europe
Today at the Breakthrough Energy Summit, EU-Catalyst announced its third investment in a first-of-a-kind (FOAK) commercial project for emerging climate...
Stolen data is from a bank, not US Federal Reserve
Recently-disrupted LockBit ransomware group, in a desperate attempt to make a comeback, claimed this week that it had hit the...
First Horizon Bank honored by Junior Achievement with U.S. President’s Volunteer Service Award
MEMPHIS, Tenn., June 26, 2024 /PRNewswire/ -- First Horizon Corporation (NYSE: FHN or "First Horizon") announced that Junior Achievement USA® (JA)...
Nuapay joins UK public sector Open Banking Framework
Nuapay has been included in the number of approved suppliers on the Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing...
Looming ESRS to heighten focus on company disclosure | articles
Sustainability data gathering and reporting incur supplementary costs in the form of additional staff, IT resources and external consulting services....
Bank of Scotland branch closures – see if your facility is shutting in summer cull
Thousands of bank branches across the UK have been closed over the past few years and Scotland has not been...
