How AI Is Dramatically Transforming the Wealth-Management …
Oct 7, 2024 · The new kid on the AI block, generative AI, is already making significant inroads into financial services, with the world’s biggest banks beginning to roll out their own GenAI tools to ameliorate wealth-management functions, such as research analysis and operational tasks. However, the future is wide open for AI’s role in wealth management.
Sanctions Notwithstanding, Russia’s Economy Continues to …
Oct 31, 2024 · 813. By Nicholas Larsen, International Banker. O n October 22, the International Monetary Fund (IMF) released the latest edition of its “World Economic Outlook”. Published twice a year, the report’s October issue confirmed that the organisation expects the Russian economy to grow by 3.6 percent this year, up from the 3.2-percent expansion stated …
Global Capability Centres (GCCs): Three Lessons on Challenges …
Sep 17, 2024 · 922. By Sreeram Iyer, Head of Group Capabilities Centre (GCC) and Chief Operating Officer, Institutional and ANZ Banking Group. G CCs are growing, but there is room for much more….. The global economy has continued to face headwinds from slower growth, rising inflation and tightening regulations. Despite this backdrop, Global Capability Centres (GCCs) have played pivotal roles in ...
The WorldCom Scandal (2002) - International Banker
Sep 29, 2021 · 28.6K . C oming hot on the heels of accounting scandals involving Enron and Tyco, both of which sent financial markets into tailspins, the fraud committed by WorldCom, one of the world’s biggest telecommunications companies, ended up dwarfing even those infamous crimes in terms of sheer numbers.. By June 2002, the United States’ second-largest long-distance telecommunications company ...
Geopolitical Risk and Default Risk of Global Systemically Important …
Sep 30, 2024 · Banks that are deemed “global systemically important banks” enjoy advantages over those that are not, especially during geopolitical tensions. This may heighten the financial system’s instability risks. A recent study used CDS spreads to investigate the correlation between geopolitical risks and the default risks of G-SIBs and non-G-SIBs.
Egypt Is on the Cusp of a Digital-Banking Boom
Oct 23, 2024 · 348. By Joseph Moss, International Banker. W ith the upcoming launch of its first digital bank, Egypt now has a massive opportunity to boost financial inclusion across the country, not to mention lay the groundwork for a thoroughly modern, customer-centric banking system. In early May, the Central Bank of Egypt (CBE) granted preliminary approval to Misr Digital Innovation (MDI), the investment ...
The Enron Scandal (2001) - International Banker
Sep 29, 2021 · Enron Corp., once a top American energy-trading company, became a case study in corporate-accounting chicanery and filed for bankruptcy in 2001. The corporation’s troubles started with the introduction of mark-to-market accounting practices, leading to inflated valuations that could be hidden from investors and regulators for only so long.
Sound 2024 Outlook for Global Banking, But Key Downside Risks …
Jan 11, 2024 · 650. By Nicholas Larsen, International Banker. F or much of the world, 2023 will be remembered as an undeniably tough year on the economic front. With inflation far from slain by the end of 2022, most leading central banks continued the fight throughout last year with aggressive interest-rate hikes that severely dimmed global growth prospects, even sending many countries tumbling into recessions.
2024 Supply-Chain Finance: Picking out Key Trends in Trade …
Mar 18, 2024 · 758. By Maurice Benisty, Chief Commercial Officer (CCO), Demica. A midst ongoing high interest rates and geopolitical flux, banks worldwide are building out evolving strategies in supply-chain finance as they play their parts in shaping a resilient global economy.. As we continue into 2024, I foresee continued growth as our industry adjusts to a structurally higher interest-rate environment.
Digital Banking in Bangladesh Is Ready to Take Off - International …
Nov 24, 2023 · 1.3K. By Joseph Moss, International Banker. A s the global banking industry continues to usher in a seismic wave of innovation led by digital banking, Bangladesh has emerged among the most fervent proponents of this new paradigm. The modestly sized but densely populated South Asian nation is seeking to transform its society, in part by embracing a smarter financial system and aiming for a ...