In a bid to help accelerate global efforts to move to a low-carbon economy, LGIM, Britain’s biggest asset manager plans to increase the number of companies it assesses and engages with over climate change Legal & General Group is co...
Summary The global banking institution beat its profit estimates for the quarter Only one of the major units (consumer banking) reported a drop in profit and revenue JP Morgan Chase & Co, one of the largest lenders globally, re...
Summary Cashaa is planning to launch its neo-bank in India by 2021, which will operate as per the guidelines laid by the Reserve Bank of India It has recently received clearance from authorities in the US, UK, and Europe, to offer banking in cu...
Summary Financial service sector includes a plethora of services that offers diversification opportunity within It is one of the most important sectors and accounts for almost 15 per cent of the total listed companies on the LSE. The sector af...
Last year in December, TP ICAP Plc announced plans to introduce a new holding company in Jersey, whose domiciliation is expected to complete by the first quarter of 2021 subject to approval from the court as a part of the Group’s strategy to ...
Summary The TSB bank has declared it will be closing nearly 164 of its branches in the UK and cutting 1000 staff members, because of a decline in the number of customers visiting these branches. Since the outbreak of the Coronavirus, more and m...
One of the largest banks in the United States, JP Morgan Chase was found engaged in placing manipulative trades in the secondary market, which consists of futures tied to precious metals and Treasury bonds. JP Morgan has been asked to pay a fine of...
Summary Ping An Asset Management of China increased its stake in the bank to 8 per cent, which is seen as a vote of confidence by investors despite a recent spat between Chinese and British governments over Hong Kong. The bank had been embroile...
Summary Amigo Holdings Plc, which was valued at £3 billion at the time of its IPO in June 2018, has now lost its value to nearly one-twentieth. Three key management personnel who have been at the helm of affairs are now set to step down, ...
Driving ahead the strategic initiative of employing fintech tools to better service its customers, Barclays plc (LON: BARC) recently partnered with Propel, a specialist asset finance provider, to provide its one million small-and medium-size custom...
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