News
Strong Dollar Drives FX Headwinds
North American multinationals lost $34.25 billion in the third quarter due to currency volatility while their European counterparts reported $3.02 billion in FX-related losses.
Author: Gilly Wright
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Features
Sibos Considers CBDCs and Tokenized Assets
Asset tokenization has real potential to transform issuance settlement.
Banking
Seeking Insights At SIBOS
Sibos participants cited regulatory obstacles, skills gaps, outdated ways of working, legacy technologies and core systems,difficulties extracting and analyzing customer data as hurdles to the bold plans for digital transformation.
News
BBVA Beefs Up Engineering Hires
The hiring will also include software developers and data specialists who will work with BBVA’s Client Solutions, Architecture and Data teams on the design, development and deployment of global and reusable components that support the creation of functionalities for retail and corporate clients.
Capital Raising & Corporate Finance
Marcus Losses Pile Up
According to the bank’s internal projections, Marcus will lose more than $1.2 billion in 2022.
News
Shell CEO’s Balancing Act
The company and other giant petroleum refiners face an uphill battle after a US Congressional committee released documents revealing that their executives and staffers contradicted their public statements regarding their sustainability goals.
Awards
Banking For The 21st Century: Q&A With DBS’ Global Transaction Services Group Head Soon Chong Lim
Soon Chong Lim, group head of Global Transaction Services at DBS, discusses how banks help treasuries make the most of new technologies.
Awards
Modernizing Transaction Banking In The Cloud: Q&A With Goldman Sachs Transaction Banking’s Eduardo Vergara
Goldman Sachs Transaction Banking’s global head of product and sales, Eduardo Vergara, shares his thoughts on why engineering talent and client feedback are vital to cloud-based corporate banking success.
News
Boris Johnson’s Successor Touts Risky Tax Cuts
Liz Truss is promising tax cuts during an inflationary crisis.
Features
Circling Toward Net Zero
Companies are introducing circularity to their supply chains to mitigate human impact on the global climate.
Capital Raising & Corporate Finance
Ireland: Celtic Tiger Loses More Stripes
Foreign banks are pulling back from the Irish market amid regulatory tightening.