UK GDP data shows November economic growth - Industry roundup: 15 January
by Ben Poole
Tech advances and regulation will push cybersecurity costs higher; CEOs waiting for genAI to move past hype; Mastercard developing inclusive AI tool.
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CFOs dim their economic outlook for North America, Europe, China
by Ben Poole
The Deloitte CFO Signals report for Q4 2023 finds mixed signals on business and economic confidence.
US inflation ticks back up to 3.4% - Industry roundup: 12 January
by Ben Poole
E.ON issues €1.5bn of green bonds; Credit risk index for Hong Kong exporters launched; Deutsche Bank and ITFA release digital trade finance guide.
US gives the green light for 11 bitcoin ETFs – Industry roundup: 11 January
by Graham Buck
WEF's main worry is misinformation; UAE bucks slump in fintech funding; SAP pays US$222m to settle bribery charges; Revolut platform ready to roll
UK investor risk appetite surged in December - Industry roundup: 10 January
by Ben Poole
Corporate and investment banks devote 20% of spending to technology; BofA launches data-driven tool treasury management.
World is moving into a new super cycle, says Goldman analyst – Industry roundup: 9 January
by Graham Buck
Deloitte staff get AI chatbot; Banco de España chooses CBDC partners; South Africa's power shortages worsen; Citi plans China investment bank unit
ECB to stress test banks’ bouncebackability from cyberattacks - Industry roundup: 8 January
by Ben Poole
73% of banks to embrace ESG propositions by 2028; Decline in UK recruitment activity softens; LPBank to deploy Finastra treasury solution.
UK financial services leaders upbeat for first quarter - Industry roundup: 5 January
by Ben Poole
Scrutinising top market structure trends for 2024; Securities lending revenue hit US$10.7bn in 2023; Hong Kong IPO market will stabilise in 2024.
US debt load ended year at US$34 trillion – Industry roundup: 4 January
by Graham Buck
HSBC challenges Revolut and Wise; China's top banks review smaller peers; Goldman raises $650m for life sciences; Mexico kicks off 2024 bond sales
EU cross-border payment fraud rules go live - Industry roundup: 3 January
by Ben Poole
Citi social trade loan to support financial inclusion in Guatemala; Azorra selects Salmon Treasurer for financial operations.
More than 1,500 US bank branches closed in 2023 – Industry roundup: 2 January
by Graham Buck
Crunch year for US office owners; China's factory output still weak; Saudi Arabia tops SWF spending league; Cambridge Uni and Google partner on AI
More corporate defaults lie ahead in 2024, warns Fitch – Industry roundup: 29 December
by Graham Buck
Investment banks "face talent crunch"; UK economy to avoid 2024 recession; Turkey's minimum wage rises 49%; Nigeria's competition watchdog fines BAT
South Korea’s semiconductor sector booms – Industry roundup: 28 December
by Graham Buck
S&P expects tough 2024 for US banks; New deputy for China's central bank; AML regulation update for Egypt's banks; Hong Kong rules for stablecoin
India to become world’s third US$10 trillion economy by 2035, report predicts – Industry roundup: 27 December
by Graham Buck
Maersk resumes Red Sea shipments; Clothing sustainability drive in Ireland; France fossil fuels ruling to hit ESG funds; Lidl UK CFO departs
China uses digital currency for gold cross-border payment – Industry roundup: 22 December
by Graham Buck
UK agrees banking deal with Switzerland; Turkey's interest rate hits 42.5%; Brazil's 2024 growth outlook trimmed; Canada approves RBC-HSBC deal
ING to exit upstream oil and gas sector by 2040 – Industry roundup: 21 December
by Graham Buck
Citi moves out of distressed debt; Argentina auctions peso debt; Sweden's interest rate may have peaked; Cardano Foundation partners with Petrobras
Japan ending 2023 with rates still negative – Industry roundup: 20 December
by Graham Buck
UK inflation falls to 3.9%; Norway advances CBDC pilot; BNP Paribas signs new securitisation; Philippines incentives for sustainable finance
Operation Prosperity Guardian to protect Red Sea shipping – Industry roundup: 19 December
by Graham Buck
Buliish growth outlook for China and India; Germany's business sentiment worsens; Cambridge Uni could drop Barclays; HK seeks more digital green bonds
US Treasury notes AI’s risk to financial stability - Industry roundup: 18 December
by Ben Poole
Pressure builds on carbon-intensive entities; Visa to acquire majority interest in Prosa; SAP and PayPal collaborate to simplify digital payments.
BoE and ECB keep interest rates unchanged - Industry roundup: 15 December
by Ben Poole
BOCHK launches “corporate e-CNY cross-boundary transaction pilot”; EPI executes first cross-border instant payment transactions in Europe.
USDC ranked as strongest stablecoin by S&P Global – Industry roundup: 14 December
by Graham Buck
DWS forms euro stablecoin j-v; US households are cash resilient; UK payments regulator wants card fees cap; Japan urged to speed up digital yen
Europe reaches deal on Artificial Intelligence Act
by Ben Poole
MEPs and European Council agree political deal on AI bill.
Incorporation of sustainability efforts in Asia funds slows - Industry roundup: 13 December
by Ben Poole
Central Bank of Brazil publishes Pix Automatic operating rules; Dealing with volatility in mortgage-backed securities.
Eurozone enters its first post-pandemic recession – Industry roundup: 12 December
by Graham Buck
EBRD outlines approach to nature; Five countries back nuclear supply chain; UK open banking procurement network; Goldman expects US rate cuts in 2024