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Revolut’s 2022 revenues grew by 33% despite crypto winter

FINTECH company Revolut made its first full-year profit in 2021 and registered a 33 per cent revenue jump last year, its finance chief told Reuters.

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Abrdn assets drop to record low as outflows continued in autumn

ABRDN suffered more outflows in the second half of 2022 as torrid market conditions took a toll on the asset manager, shrinking its assets to a record low.

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Global dividends hit new heights in 2022: study

COMPANIES around the world paid their shareholders US$1.56 trillion in dividends last year, according to a study published on Wednesday.

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Goldman hints at more dismantling of its consumer lending business

FIRST, Goldman Sachs Group chief executive officer David Solomon said it. Then president John Waldron repeated it. Next, it was the bank’s Stephanie Cohen who reiterated that the bank is considering strategic alternatives for its consumer lending business.

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EIB urges members to boost green finance to compete with US

THE European Investment Bank (EIB) urged EU member states to support an expansion of its green financing as the continent considers how to respond to US President Joe Biden’s green subsidy program.

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German prosecutors raid homes of HSBC employees over tax fraud scam

GERMAN prosecutors raided the homes of 16 HSBC Holdings employees as part of their vast probe into the Cum-Ex tax dividend scandal.

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Indian banks unprepared for central bank’s ESG push, survey shows

INDIAN banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack of clarity on how they apply to lenders, a survey conducted by an industry body on behalf of the central bank showed, said two...

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Indian banks unprepared for central bank’s ESG push: survey

INDIAN banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models for reasons such as a lack of clarity on how such rules apply to lenders, said two sources citing a recent survey.

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HSBC riles Hong Kong bankers with plan to end private offices

SENIOR investment bankers at HSBC Holdings in Hong Kong could lose their private offices as the firm moves towards open-plan desks for the financial hub, causing angst among some executives who’ve complained about potential confidentiality risks.

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Barclays, NatWest expect Fed to raise rate hike pace in March

ECONOMISTS at UK-based banks Barclays and NatWest believe that the US Federal Reserve (Fed) could ramp up the pace of its interest-rate rises in March by delivering a half-point hike, following key inflation data released on Friday (Feb 24).

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