BankingFeaturedCiti takes the lead as major banks downsize workforce to streamline costsIFM CorrespondentApril 19, 2024April 18, 2024 by IFM CorrespondentApril 19, 2024April 18, 2024 Citi has recently announced that it will cut 7,000 jobs, as part of their plan to reduce staffing by 20,000 over the next two years... Read more
Business LeadersFeaturedBusiness Leader of the Week: Meet Richard Fairbank, Capital One’s guiding forceIFM CorrespondentJuly 28, 2023October 10, 2023 by IFM CorrespondentJuly 28, 2023October 10, 2023 Richard Fairbank is one of the longest-serving CEOs with 28 years at the helm of Capital One... Read more
FeaturedFintechAdopt tech, win borrowers’ trust: New mantra for the lendersWebAdminOctober 26, 2022October 26, 2022 by WebAdminOctober 26, 2022October 26, 2022 An application called Truework helps lenders with verifying the income details put by the customers on the loan application forms in a matter of seconds... Read more
EnergyFeaturedAround $5tn investment is needed for the next 30 years to meet climate goals: BofAIFM CorrespondentOctober 18, 2021 by IFM CorrespondentOctober 18, 2021 Decarbonisation efforts can boost global inflation by 3% annually by 2030... Read more
BankingFeaturedBank of America acquires 1.51% stake in Emirates NBDPritam BordoloiJune 10, 2020 by Pritam BordoloiJune 10, 2020 The deal is expected to cost around Dh900 mn... Read more
FeaturedOil & GasPetrobras hires 7 banks to sell stakes in fuel distribution unitPritam BordoloiJanuary 30, 2020March 10, 2020 by Pritam BordoloiJanuary 30, 2020March 10, 2020 Morgan Stanley, JPMorgan Chase and Goldman Sachs are among the banks hired for the stake sale in Petrobras Distribuidora... Read more
BankingBank of America hires Saudi investment banking headInternational Finance DeskNovember 13, 2019 by International Finance DeskNovember 13, 2019 Saud Al Tassan has previously worked at NCB Capital and Banque Saudi Fransi... Read more
Oil & GasExxon appoints Bank of America to execute Malaysian assets saleInternational Finance DeskOctober 10, 2019December 2, 2019 by International Finance DeskOctober 10, 2019December 2, 2019 It operates 35 oil and gas platforms in 12 offshore fields in the country... Read more
In the NewsBank of America to pay a minimum of $41K in two yearsInternational Finance DeskApril 10, 2019 by International Finance DeskApril 10, 2019 The bank plans to increase minimum hourly wage to $20 for its lowest-paid US employees... Read more
BankingTechnologyBank of America rings in holiday season with new mobile enhancementsInternational Finance DeskDecember 8, 2017 by International Finance DeskDecember 8, 2017 These latest enhancements provide customers new, interactive ways to use the app and the ability to further personalize the user experience... Read more