Seven banks, including HSBC (HSBA.L) and Banco Santander (SAN.MC), have signed a Memorandum of Understanding (MoU) to create a global digital network in trade finance aiming at allowing cheaper and easier funding for corporates, a Santander manager said.
The Australia and New Zealand Banking Group ANZ (ANZ.AX), BNP Paribas (BNPP.PA), Citibank (C.N), Standard Chartered and Deutsche Bank (DBKGn.DE) also agreed to join the digital trade information network expected to be operational by the third quarter of next year.
Nigeria’s central bank governor is to meet representatives of telecommunications company MTN (MTNJ.J) and banks to discuss a dispute over the repatriation of $8.1 billion, two sources with direct knowledge of the matter said.
Ireland’s Central Bank fined Citibank Europe (C.N) 1.3 million euros (1.14 million pounds) on Monday for breaches to its lending code including failures in the reporting and approval of credit card loans to three senior managers.
Gupshup announced that it is working with WhatsApp Business to enable enterprises build a better brand presence on the platform.
Tata Capital Housing Finance has appointed Anil Kaul as the Managing Director of the company.
Poland banking sector may see further consolidation this year, the CEO of Citibank’s Bank Handlowy, Slawomir Sikora, said.
Credit Suisse complies with sanctions regimes wherever it does business, CEO Thiam said after two U.S. senators demanded big banks disclose any links to rich Russians.
Viktor Orban is set to win a third straight term in elections after a campaign in which he has positioned himself as a saviour of Hungary’s Christian values.
Retail-focused private sector lender HDFC Bank has roped in a Citibank veteran Rahul Shukla to head its corporate and business banking business.