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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 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

Record 81% of Bank of America Mortgage Applications Initiated Through Digital Mortgage Experience

British Reporter — Company Recognized in 2022 for Best Overall Mortgage Experience

by British Reporter

March 1, 2022

2 mins read

Deutsche Bank extends its partnership with Frieze

British Reporter — Deutsche Bank has announced the long term extension of

by British Reporter

October 14, 2021

1 min read

BANKS

Citigroup released Q3 financial results

The FINANCIAL — Citigroup Inc. reported net income for the third quarter 2020 of $3.2 billion, or $1.40 per diluted share, on revenues of $17.3 billion. This compared to net income of $4.9 billion, or $2.07 per diluted share, on revenues of

by The FINANCIAL

October 16, 2020

5 mins read

BANKS

The Deutsche Bank, Postbank and FYRST will be managed by “Deutsche BizBanking”

Deutsche Bank is revamping its operation for business clients – from self-employed small businessperson to medium-sized businesses: the products and services of its Deutsche Bank, Postbank and FYRST brands will be managed by a single unit called “Deutsche BizBanking”. The bank regards

by The FINANCIAL

October 16, 2020

3 mins read

BANKS

Surveyed HSBC investors and issuers believe more strongly in ESG problems

The FINANCIAL — Capital market participants are attaching greater importance to sustainable finance than a year ago, even as issuers and investors have had to navigate unprecedented challenges due to the COVID-19 pandemic. More than half of investors and three-quarters of issuers

by The FINANCIAL

October 15, 2020

2 mins read

WORLD

EIB and Asper Investment Management support Dutch district heating projects

The FINANCIAL — The European Investment Bank (EIB) and Asper Investment Management Ltd. have signed an investment agreement worth €30 million for investments in four district heating projects in the Netherlands. This agreement will enable the EIB to consider additional investments into

by The FINANCIAL

October 13, 2020

1 min read

BANKS

HSBC plans to become net zero bank

The FINANCIAL — HSBC announced an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy, citing a landmark opportunity to build a thriving, resilient future for society and businesses. The bank is committing to

by The FINANCIAL

October 12, 2020

3 mins read

BANKS

NIB issued 5-year SEK 1.5 bln Nordic–Baltic Blue Bond

The FINANCIAL — On 6 October, NIB issued a new Nordic–Baltic Blue Bond focusing on water related investments. The five-year SEK 1.5 billion issue will be used to finance projects within water management and protection.. The transaction is NIB’s second Nordic–Baltic Blue

by The FINANCIAL

October 9, 2020

1 min read

BANKS

Société Générale reported €1.26 bln loss

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,

by The FINANCIAL

August 3, 2020

2 mins read

Georgia

EBRD’s €90 mln financial support to develop new transmission network in Georgia

The FINANCIAL — The European Bank for Reconstruction and Development, a leading institutional investor in Georgia allocated funds to develop new transmission network in Georgia. The project will be implemented by the JSC Georgian State Electrosystem. Energy Network Strengthening Project is very important for

by The FINANCIAL

July 30, 2020

2 mins read

Georgia

EBRD to finance municipal infrastructure modernisation in Bakuriani

The FINANCIAL — The population of Bakuriani, a city in the Borjomi municipality of Georgia, will benefit from improved public transport and services thanks to a €5 million loan provided by the European Bank for Reconstruction and Development (EBRD). The EBRD is a

by The FINANCIAL

July 29, 2020

1 min read

Georgia

AIIB approved EUR45 million loan to Georgia

The FINANCIAL — The Asian Infrastructure Investment Bank approved EUR45 million loan to Georgia to mitigate the impacts of the novel coronavirus. The loan provides emergency budgetary support to enable the Government of Georgia to respond to the pandemic more effectively. The financing will enhance inclusive growth

by The FINANCIAL

July 21, 2020

1 min read