Banking
HDFC Merger Makes Corporate History
Part of the reverse merger will strip Housing Development Finance Corporation of its promoter and the parent company, HDFC Ltd.
News
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Banking
South Korea Allows Domestic Banking Partners
South Korea will allow new domestic players into its banking industry to break the domination of the sector by just five commercial banks.
Economics, Policy & Regulation
Longtime Xi Loyalist Assumes The Economic Reins
New Chinese vice-premier He Lifeng has been a vocal proponent of the Greater Bay Area initiative and has worked with Xi Jinping since the 1980s.
Economics, Policy & Regulation
Turkey Mints First Female Central Bank Governor
Gaye Erkan, a Turkish-US citizen, was an unexpected choice with no central bank experience and is already bucking Erdoğanomics.
Economics, Policy & Regulation
The Philippines: New Central Bank Governor To Be Tested Early
Eli Remolona’s appointment has been welcomed by analysts who point to his significant international experience at the Federal Reserve Bank of New York and the Bank for International Settlements.
Economics, Policy & Regulation
Reserve Bank Of Australia Names Next Governor
Michele Bullock's appointment as Reserve Bank of Australia governor was welcomed by the country's business and banking sectors.
Economics, Policy & Regulation
US Federal Reserve Joins Real-Time Payment Club
The Fed has launched FedNow and early adopters include 41 financial institutions, 15 third-party service providers and the US Treasury Department.
Technology
Threads Vs. Twitter: A New Rivalry Is Born
Meta CEO Mark Zuckerberg launched Threads in a bid to exploit user dissatisfaction with Elon Musk's Twitter and quickly signed up 100 million users in its first week.
Economics, Policy & Regulation
IMF Accepts Argentina’s Debt Repayment In Yuan
Along with India’s recent use of the Chinese currency to buy Russian oil, Argentina’s move is an example of the global economy's de-dollarization.
Capital Raising & Corporate Finance
PGA Tour Board Member Pleads with Colleagues: Reconsider Saudi Deal
Just as the US Senate prepares to talk golf on Capitol Hill, one PGA exec is urging his fellow directors to “evaluate alternative sources of capital.”
Banking
GCC Supplement 2023: Saudi Banking Boom
From infrastructure and SMEs to fintech, a thriving banking sector is taking a major role in the kingdom’s economic overhaul.