LND topic: bank page 33

bank

Bank Goes Green: HLB's New Plan for Sustainable Loans

October 30, 2024

On October 29, 2024, Hong Leong Bank (HLB) kicked off its journey into greener finance with the launch of its Sustainable Finance Framework (SFF). This initiative aims to invest a whopping US$4. 5 billion (RM20 billion) over five years to support projects that promote sustainability. The bank has be

crime

The Chase Bank Glitch: A Lesson in Quick Riches and Harsher Consequences

October 30, 2024

Imagine thinking you've struck gold by exploiting a bank glitch. That's what happened to some Americans who saw extra cash in their Chase bank accounts last August and September. They withdrew as much as they could, thinking they'd hit the jackpot. But JPMorgan Chase, the largest bank in the U. S. ,

business

Yellow's Pension Claims: A Bankruptcy Judge’s Change of Heart

October 29, 2024

In a surprising turn of events, a federal bankruptcy judge in Delaware admitted an error in a previous ruling on Yellow Corp’s pension claims. The company, which filed for bankruptcy in August 2023, was initially told that its shareholders might have to pay out more than expected for pension claims.

business

Which Industries Stand to Gain or Lose the Most from the Presidential Election?

October 29, 2024

The upcoming U. S. presidential election could significantly impact several industries. Let's explore which ones are at stake. Big banks could soon need more capital to protect against financial shocks, which might affect their profits and lending ability. The winner of the election could determine

business

Alex Jones Wants to Keep His Social Media Accounts Out of the Auction

October 27, 2024

Alex Jones, a well-known conspiracy theorist, is trying to keep his personal social media accounts out of the upcoming auction of his Infowars media platform. This is because he owes over $1 billion to the families of the Sandy Hook Elementary School shooting victims. Jones feels that selling his so

business

Russian Companies Face Bankruptcy Warns Putin Ally

October 27, 2024

Sergey Chemezov, a close associate of Russian President Vladimir Putin, has raised an alarm. He believes that most Russian companies might go bankrupt due to the sky-high interest rates. Chemezov, who heads the state-owned Rostec, made these comments while speaking to the Federation Council earlier

business

HSBC Makes History: Pam Kaur Becomes First Female Finance Chief

October 22, 2024

HSBC has made a big change. They've picked Pam Kaur to be their first female Chief Financial Officer (CFO). This is a big deal for the bank, as it's been a while since they made such a significant leadership switch. Pam will start her new job on January 1st, taking over from Jon Bingham who was temp

business

Cyprus Banks: Fewer Russian and Ukrainian Clients After Sanctions

October 18, 2024

After Russia invaded Ukraine in 2022, Cyprus' banks saw a big drop in business with Russian and Ukrainian companies. They lost around 13,000 clients and 35,000 accounts, totaling about 2 billion euros. This happened because of sanctions from the U.N., EU, U.S., and UK against Russia. The number of

finance

India's Central Bank Pauses Navi's Lending

October 18, 2024

India's Reserve Bank has temporarily halted new loans from several non-bank lenders, including Sachin Bansal's startup Navi Finserv. The decision, effective from October 21, was driven by high interest rates and regulatory violations. These breaches involved incorrect loan pricing, inaccurate income

politics

Global Finance Leaders Face Uncertainty as US Election Nears

October 18, 2024

Next week, finance leaders from around the world will gather in Washington for the annual meetings of the International Monetary Fund (IMF) and the World Bank. One big question on their minds: Who will win the upcoming U.S. presidential election and how will that affect global economic policies? Bot