HSBC reported Q3 revenues

The FINANCIAL — HSBC Holdings released Q3 2020 earnings.  Noel Quinn, Group Chief Executive, said: “These were promising results against a backdrop of the continuing impacts of Covid-19 on the global economy. I’m pleased with the significantly lower credit losses in the…

7 mins read

Credit Suisse digital bank offering available from today

The FINANCIAL — The Credit Suisse digital bank offering announced in mid-September ‒ CSX and CSX Young ‒ is available to individuals in Switzerland from today: The CSX app can now be downloaded from the App Store and Google Play Store. It…

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Morgan Stanley issued $1 bln social bond to support affordable housing

The FINANCIAL — Morgan Stanley (NYSE: MS) announced the issuance of a $1 billion social bond to support affordable housing projects, the latest step in the Firm’s ongoing strategy to advance market-based solutions to address sustainability challenges. This issuance follows the inaugural green…

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Credit Suisse and AXA launch integrated bancassurance services

The FINANCAIL — Credit Suisse is launching integrated bancassurance solutions for clients in collaboration with AXA. These solutions will be incorporated into CSX to complement this comprehensive digital offering from a single app. The CSX digital banking offering to be launched next week…

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Societe Generale to become bank of tomorrow

The FINANCIAL — Societe Generale digital transformation acceleration, initiated several years ago, is based on two key levers, technology and innovation, to better serve clients. New technologies are innovation accelerators to better support clients whose needs and usages constantly evolve. As a traditional…

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Ricardo Mourinho Félix assigned as Vice-President of the EIB

The FINANCIAL — Ricardo Mourinho Félix is the new Vice-President and Member of the Management Committee of the European Investment Bank (EIB). He takes up his duties on 16 October, succeeding Emma Navarro, whose mandate ended yesterday. The EIB’s Board of Governors…

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American Express announced partnership with GlobalGiving

The FINANCIAL — To enable its colleagues around the world to back causes that matter to them, American Express (NYSE: AXP) today announced a partnership with GlobalGiving, a one-stop solution for charitable giving. Through the partnership, eligible American Express colleagues in more…

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Citigroup released Q3 financial results

The FINANCIAL — Citigroup Inc. reported net income for the third quarter 2020 of $3.2 billion, or $1.40 per diluted share, on revenues of $17.3 billion. This compared to net income of $4.9 billion, or $2.07 per diluted share, on revenues of…

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JPMorgan announced preferred stock dividends

The FINANCIAL — JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) has declared dividends on the following series of the Firm’s outstanding preferred stock, each of which is represented by depositary shares:   Preferred Stock Series Distribution (per Preferred…

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Oracle Banking Tech helps companies with risk reduction and cash saving

The FINANCIAL — The pandemic has disrupted the entire global supply chain, highlighting the need for greater financial agility between buyers and suppliers. Banks can play an important role in supporting and preserving supply chains and managing risk with effective financing programs.…

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