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What is driving global supply chain bottlenecks?

September 12, 2022

The FINANCIAL — Bottlenecks in the world economy have been a key reason for high inflation among traded goods. This post explores Bank staff analysis on the key drivers behind these bottlenecks. Bottlenecks in global supply chains have been an important driver of inflationary pressures across the world, increasing prices of tradable goods. These emerged as supply disruptions – for example

Bank of America’s CashPro App Wins Multiple Industry Awards

British Reporter — App Activity Soars As Businesses Appreciate The Convenience Of

by British Reporter

March 20, 2022

1 min read

Celent Names Bank of America a Leader in Wealth Management Innovation

British Reporter — Bank of America announced that it has been recognized

by British Reporter

March 15, 2022

1 min read

Bank of America Consumer Clients Make $294 Billion in Payments in February, up 16% Year-Over-Year

British Reporter — Bank of America announced their approximately 67 million clients

by British Reporter

March 9, 2022

3 mins read

BANKS

2nd International Forum: Responsible Investments in the CIS and Black Sea region

The FINANCIAL -- The issues of sustainable development, as well as environmental and corporate social responsibility are increasingly reflected in the agenda of international businesses and governments as a key input to develop strategies at both, the private and public level. In

by The FINANCIAL

December 8, 2020

3 mins read

BANKS

BSTDB Expands Support for Russian SMEs Amid Pandemic

The FINANCIAL -- The Black Sea Trade and Development Bank (BSTDB) is providing a RUR 2 billion loan facility to Locko Bank for on-lending to small and medium-sized enterprises (SMEs) in Russia.

by The FINANCIAL

December 7, 2020

1 min read

BANKS

TBC Bank slumps as EBRD cuts stake in Georgian lender

The FINANCIAL -- Shares of TBC Bank fell on Friday after the European Bank for Reconstruction and Development (EBRD) cut its stake in the Georgian lender, selling 1.65m shares in an accelerated bookbuild on the London Stock Exchange.

by The FINANCIAL

December 5, 2020

1 min read

BANKS

Washington State University Health Sciences Launches Life Sciences Incubator, sp3nw, Supported by $250,000 Grant From Bank of America

The FINANCIAL -- sp3nw to Accelerate WSU Life Science Innovation and Entrepreneurship Into Biotech, Pharma, Diagnostics, and Medical Device Companies Through Faculty, Affiliate Expertise. Washington State University (WSU) Health Sciences today announced the launch of Spinout Space in Spokane (sp³nw), a new life

by The FINANCIAL

December 5, 2020

3 mins read

BANKS

The Bank of England appoints Appvia as a partner to assist in design, construction and assurance of a new cloud environment

The FINANCIAL -- This follows a public procurement process which commenced in January 2020. The Bank of England will work with London-based cloud native delivery platform Appvia on design, construction and assurance of a modern, fit for purpose cloud environment.

by The FINANCIAL

December 4, 2020

1 min read

BANKS

Deutsche Bank invests $4.2 mln in Illumen Capital

The FINANCIAL — Deutsche Bank, through its Community Development Finance Group (CDFG), has committed 4.2 million dollars to Illumen Capital, a Black-owned and led fund that develops and incorporates strategies to reduce racial and gender bias in investment decisions. Illumen Capital recently closed

by The FINANCIAL

November 20, 2020

1 min read

BANKS

Bank of America gives 21 higher education institutions $1 mln each

The FINANCIAL — As part of Bank of America’s recent $1 billion, four-year commitment to advance racial equality and economic opportunity, the company announced today further details about its $25 million commitment to enhance up-skilling and reskilling for Black and Hispanic-Latino students. Through initial partnerships with

by The FINANCIAL

November 20, 2020

3 mins read

BANKS

Visa launches research center

The FINANCIAL — Visa Inc. announced the launch of the Visa Economic Empowerment Institute (VEEI), a center of excellence for research and public-private dialogue on payments policy, committed to promoting and advancing equitable economic empowerment of individuals, businesses and societies around the world. The VEEI

by The FINANCIAL

November 20, 2020

2 mins read

BANKS

Isold Heemstra named as country manager for ING France

The FINANCIAL — Isold joined ING in 2002 and has vast international experience in management, sales and change projects. He is currently the country manager of Czech Republic, where he successfully transformed the organisation in preparation for the launch of new retail

by The FINANCIAL

November 20, 2020

1 min read

BANKS

Wells Fargo launches WellsOne – Virtual Card Payments Service

The FINANCIAL — Wells Fargo announced today a new solution to help business customers eliminate paper checks by using one-time virtual card numbers to digitally pay invoices through the WellsOne® Virtual Card Payments service. Available to WellsOne Commercial Card customers, this service offers

by The FINANCIAL

November 19, 2020

1 min read