The FINANCIAL -- One of the leading European financial services groups - Société Générale, today announced second quarter 2020 financial results. Revenues at its equity trading unit dropped 79.5 % compared with the same period in 2019. Customer activity gradually picked up from mid-May, which resulted in the level of bank card transactions and corporate credit transfers in June close to the ...

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The FINANCIAL -- HSBC announced it will cut 35,000 jobs over three years as part of a major shake-up after revealing that annual profits plunged 33%. The strategy overhaul comes as economic growth ...

Having been a household name for the past two decades, Nikora has become quite a player on the Georgian market. Looking for expansion, JSC Nikora, a holding company of the Nikora Group, has decided ...

Following the news that foreign direct investment (FDI) inflows to Saudi Arabia grew 10.2% year-on-year (y-o-y) to reach $3.5bn in the first nine months of 2019 compared with January-September 2018, ...

The European Investment Bank (EIB) and JSC Liberty Bank, signed a Loan Agreement within the framework of the EU4Business Initiative. Funds under this facility will be used to finance Small and Medium ...

DBS becomes Singapore’s first lender to join blockchain firm R3’s Corda to provide end-to-end letter of credit (LC) settlement to clients. Via the Corda network, the bank expects shortened ...

The FINANCIAL -- ING reported 1Q2020 result 35.7% lower than in 1Q2019 Net core lending increased by €12.3 billion in 1Q2020. Result reflects higher risk costs and negative valuation adjustments ...

The FINANCIAL -- The federal bank regulatory agencies today released a statement encouraging banks to use the Federal Reserve's "discount window" so that they can continue supporting households and ...

Number of tourists went up by 4.0% YoY in February, following a strongperformance in previous month (+18.9% YoY) according to TBC Research. Number of international visitors went down slightly by 0.6% ...

The FINANCIAL -- Credit card and electronic payments giant Mastercard – announced that Ajay Banga, President and Chief Executive Officer, will transition to the role of Executive Chairman and ...