https://www.globalbankingandfinance.com Get the latest on Banking, Finance, Technology, Insurance and much more for Free. No Paywalls, News, Reviews, Analysis, Opinion & more. Fri, 06 Dec 2024 20:17:52 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 https://www.globalbankingandfinance.com/novo-banco-shareholders-agree-to-unblock-dividends-pave-way-for-sale/ Fri, 06 Dec 2024 20:05:40 +0000 https://www.globalbankingandfinance.com/?p=805800 LISBON (Reuters) – The three owners of Portugal’s fourth-largest bank Novo Banco have agreed to lift a ban on dividend payouts, paving the way for its potential sale or an initial public offering in 2025, the finance minister was quoted as saying on Friday. Joaquim Miranda Sarmento told the Expresso newspaper the agreement, involving the […]]]> https://www.globalbankingandfinance.com/bank-of-englands-dhingra-calls-for-more-interest-rate-cuts/ Fri, 06 Dec 2024 14:51:26 +0000 https://www.globalbankingandfinance.com/?p=805523 By David Milliken (Reuters) -The Bank of England needs to cut interest rates further as its policy stance is still very restrictive and is hurting living standards, business investment and potentially longer-term productivity, policymaker Swati Dhingra said on Friday. “A combination of all of those factors – the weak consumption, the weak investment and possible […]]]> https://www.globalbankingandfinance.com/cash-draws-biggest-weekly-inflow-since-march-2023-bofa-says/ Fri, 06 Dec 2024 09:49:49 +0000 https://www.globalbankingandfinance.com/?p=804829 LONDON (Reuters) – Investors ploughed $136.4 billion into cash in the week to Wednesday, the biggest weekly inflow since March 2023, when markets were rattled by a regional banking crisis, according to a report from Bank of America on Friday. They also snapped up $8.2 billion of stocks and $4.9 billion of bonds, but sold […]]]> https://www.globalbankingandfinance.com/world-bank-wins-100-billion-replenishment-of-fund-for-poorest-countries/ Fri, 06 Dec 2024 06:30:32 +0000 https://www.globalbankingandfinance.com/?p=804498 By David Lawder (Reuters) -Donor countries have pledged a record $100 billion three-year replenishment of the World Bank’s fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict. The World Bank made the announcement early on Friday in Seoul at a pledging conference for the […]]]> https://www.globalbankingandfinance.com/italy-and-african-development-bank-sign-420-million-co-financing-deal/ Thu, 05 Dec 2024 12:27:50 +0000 https://www.globalbankingandfinance.com/?p=802712 RABAT (Reuters) – Italian state lender CDP and the African Development Bank (AfDB) signed on Thursday a co-financing deal worth 400 million euros ($420 million) to promote climate finance, sustainable farming, education and technical assistance, AfDB’s vice president for finance Hassatou Diop N’Sele said. The deal, signed during the AfDB’s Africa Investment Forum in Rabat, […]]]> https://www.globalbankingandfinance.com/global-billionaire-wealth-leaps-fueled-by-us-gains-ubs-says/ Thu, 05 Dec 2024 07:49:36 +0000 https://www.globalbankingandfinance.com/?p=802405 ZURICH (Reuters) – The wealth held by the world’s billionaires jumped by about 17% over the past year, as significant gains among the super rich in the United States more than offset a decline in China, Swiss bank UBS said on Thursday. The UBS Billionaire Ambitions Report for 2024 said the total number of billionaires […]]]> https://www.globalbankingandfinance.com/deutsche-bank-ceo-says-german-economy-needs-urgent-action/ Wed, 04 Dec 2024 19:19:53 +0000 https://www.globalbankingandfinance.com/?p=801642 By Tommy Reggiori Wilkes LONDON (Reuters) -Germany’s struggling economy needs urgent action to boost its competitiveness, Deutsche Bank’s CEO said on Wednesday as he called for structural reforms, less regulation and lower taxes on companies. Germany needs to adjust its business model,” Christian Sewing told the FT Global Banking Summit in London. “It is urgent […]]]> https://www.globalbankingandfinance.com/norway-should-begin-process-of-divesting-russian-assets-central-bank-says/ Wed, 04 Dec 2024 15:05:31 +0000 https://www.globalbankingandfinance.com/?p=801575 By Terje Solsvik and Gwladys Fouche OSLO (Reuters) -Norway’s government should let its huge sovereign wealth fund sell parts of its Russian portfolio when possible, ending a general freeze in place since 2022 that has prevented divestment, the central bank, which manages the fund, said. The Norwegian finance ministry ordered a halt to all transactions […]]]> https://www.globalbankingandfinance.com/ecb-rate-cut-of-25-bps-possible-not-more-ecbs-holzmann-tells-paper/ Wed, 04 Dec 2024 08:31:00 +0000 https://www.globalbankingandfinance.com/?p=800998 VIENNA (Reuters) – It is “conceivable” that the European Central Bank will cut interest rates by 25 basis points at its next rate-setting meeting this month but not more, ECB policymaker Robert Holzmann said in a newspaper interview published on Wednesday. Investors expect the ECB to cut interest rates at every one of its upcoming […]]]>