Articles with tag like: Reuters

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Wells Fargo to reportedly sell asset management business, Reuters

News | E-invoicing, SCF & E-procurement | 15 Jan 2021

Wells Fargo has reportedly began talks to sell its asset management business, which manages more than USD 607 billion on behalf of customers, to a private equity consortium, Reuters reports.

Wells Fargo, Reuters, asset management, private equity, M&A, GTCR, Reverence

EU to help banks affected by COVID-19 to keep lending

News | Payments General | 17 Dec 2020

The European Union has planned to help banks jettison soured loans more easily and continue lending to households and business hit by the COVID-19 pandemic, according to Reuters.

EU, banks, COVID-19, lending, Reuters, European Union, ECB, European Central Bank, European Commission, NPL, pandemic, loans

EBA reactivates relief measures for pandemic-hit banks, Reuters

News | Payments General | 03 Dec 2020

European Union regulator EBA has revived guidance to allow banks to grant a new round of loan repayment holidays to coronavirus-hit customers, according to Reuters.

EBA, relief measures, pandemic, banks, Reuters, EU, COVID-19, economy, loans, European Banking Authority

PayPal users to spend USD 50 bln by 2022 with crypto payments, Reuters

News | Cryptocurrencies | 26 Oct 2020

PayPal has received a conditional Bitlicense by the New York State Department of Financial Services (NYDFS) to launch a new service, according to Reuters.

PayPal, cryptocurrency, payments, Reuters, BitLicense, US, New York State Department of Financial Services, NYDFS, digital wallet, Bitcoin, Ethereum, Bitcoin Cash, Litecoin

HSBC to invest USD 1 tln in green financing by 2050, Reuters

News | E-invoicing, SCF & E-procurement | 12 Oct 2020

UK-based bank HSBC has aimed towards net zero carbon emissions across its entire customer base by 2050 and provide between USD 750 billion and USD 1 trillion in financing transition.

HSBC, green financing, Reuters, zero carbon emissions, financing, climate change, Europe, Asia, NatWest, UK, banks, lender

JP Morgan pledges USD 30 bln for reducing racial wealth gap

News | Payments General | 08 Oct 2020

JP Morgan has declared it would commit USD 30 billion to address racial inequality over the next 5 years, according to Reuters.

JP Morgan, racial wealth gap, racial inequality, Reuters, mortgage, Black borrowers, Latino borrowers, housing project, small business loans, banks, philanthropy, minority suppliers, Bank of America, Citigroup, Community Development Financial Institutions, CDFIs, loans

Citi, JP Morgan, and State Street invest in fintech Capitolis

News | Payments General | 11 Sep 2020

JP Morgan, Citigroup, and State Street have invested USD 11 million in Capitolis, a US-based technology startup that seeks to help banks use capital more efficiently, according to Reuters.

Citi, JP Morgan, State Street, Spark Capital, Index Ventures, Sequoia Capital, Capitolis, fintech, startup, Reuters, US, United States, banks, capital, software, capital markets, liquidity, financial institutions, trading, financial crisis, risky trades, capital banks, residual trades, derivatives portfolios, investors

Goldman Sachs, Barclays bid for GM's credit card business

News | Cards | 13 Aug 2020

Goldman Sachs and Barclays have reportedly announced intentions to buy General Motors' credit card unit as they look to increase their consumer banking arm, according to Reuters.

Goldman Sachs, Barclays, General Motors, GM, credit card business, consumer banking, automaker, outstanding balances, Reuters, JP Morgan Chase, Citigroup, Marcus, Apple, iPhone, Apple Wallet, ecommerce

UK-based large businesses observe long road to recovery, Deloitte survey

News | Payments General | 20 Jul 2020

Deloitte has released a survey stating that 49% of the UK’s biggest companies think it will take until the second half of 2021 to recover from the coronavirus pandemic, according to Reuters.

UK, United Kingdom, large businesses, Deloitte, coronavirus, pandemic, Reuters, recovery, Bank of England, Decision Makers’ Panel, jobs, investment, balance sheet, economy