by visbanking | Nov 28, 2022 | Banks, News
By: Ken Chase Embattled Swiss firm Credit Suisse received some good news this week as shareholders gave their approval to the lender’s plan to raise $4.2 billion. That approval greenlights the firm’s plan to raise capital from the Saudi National Bank, which will...
by visbanking | Nov 15, 2022 | Banks, News
By: Ken Chase. Bloomberg reported this week that a decline in investment deals has forced banking giant Citigroup to eliminate dozens of trading personnel in its investment banking division. The move comes in the wake of reports that the company’s investment...
by visbanking | Nov 15, 2022 | Banks, News
By: Ken Chase. New Twitter owner Elon Musk told employees on Thursday of his plans to incorporate banking features into the Twitter platform, essentially turning the social media platform into what he called “the people’s financial institution.” According to Musk,...
by visbanking | Nov 15, 2022 | Banks, News
By: Ken Chase. A recent survey of roughly 500 banking executives from around the world found that more than three-quarters of respondents support using their industry to promote “social good.” The Banking in 2035: global banking survey by Economist...
by visbanking | Nov 10, 2022 | Banks, News
By: Ken Chase. The U.S. Federal Reserve announced another 75-basis point increase in interest rates on Wednesday, in a move that had been widely anticipated by economists and market analysts. Despite those expectations, however, U.S. markets declined in frenzied...
