Natwest earmarks 100 BLN pounds for sustainable finance
British lender Natwest said that they had planned to increase lending linked to sustainable and climate-related finance to 100 billion pounds ($136 billion) by 2025. This move comes ahead of global climate talks in Glasgow. In this talk where countries will be pushed to accelerate efforts to fight climate change and transition to a lower-carbon […]
World of open finance
The banking and financial services industry is in the middle of a radical evolution. The open finance is an example, which is giving consumers access to critical services. To best understand open finance, its beginnings should be looked after. It began in the UK with a study conducted by the Competition and Markets Authority (CMA). […]
Intergenerational wealth planning
Making the decision to engage professional help is a step in the right direction towards effective wealth planning. This ensures that all factors are discussed and considered. Families of today come in all sizes, and modern families are often larger and very different to those existed long ago. This makes planning and discussing strategies with […]
Poor countries debt rose to $860 BLN
The World Bank warned of a significant 12% rise in the debt burden of the world’s low-income countries to a record $860 billion in 2020. This is a result of this pandemic. World Bank President David Malpass said that the bank’s International Debt Statistics 2022 report showed a dramatic increase in the debt vulnerabilities facing […]
UK seeks to help listed firms raise more money on stock market
Britain has launched a review into speeding up how listed companies can raise funds on stock markets. This is its latest move to keep London at the forefront of global financial centres after Brexit. Britain’s markets raised 30 billion pounds in new equity. This is as the companies sought to shore up their finances during the […]
G7 finance officials endorse principles for central bank digital currencies
G7 finance officials endorsed 13 public policy principles. This is for retail central bank digital currencies. The treasury department announced this through their statement. Group of Seven finance ministers and central bankers said in a joint statement that the innovation in digital money and payments has the potential to bring significant benefits. But also raises considerable public policy and […]
Money markets ramp up global rate hike bets
As inflationary pressures mount worldwide, money markets are charging ahead with pricing aggressive interest rate rises. Energy prices at multi-year highs and relentless supply chain snarls have raised fears of a future inflation spike. Norway and New Zealand have become the first developed countries to lift rates as economies recover from the pandemic crisis. And hawkish shifts […]
UK’s Sunak calls on G7 to work together
British finance minister Rishi Sunak said that the Group of Seven rich nations should work together more closely. So that it will be easy to tackle supply-chain disruption, that has hampered the economic recovery from this pandemic. Sunak is meeting other finance ministers in Washington on the sidelines of the annual meetings of the International […]
Europe’s top development banks agree to deepen cooperation outside EU
The EU’s lending arm, the European Investment Bank, and the London-based European Bank for Reconstruction and Development said that they would deepen their cooperation outside of the European Union. EIB President Werner Hoyer said that their shareholders, the EU member states, have asked them to develop a more effective partnership with the EBRD. The agreement they have signed […]
Growth is the biggest challenge for emerging economies
The World Bank‘s chief economist said that the lack of growth is the biggest economic challenge facing developing economies. Carmen Reinhart, the World Bank‘s chief economist said that the economic growth was essential for poverty reduction. And also, for creating government revenues to use for fiscal space, social safety nets and the provision of public goods. She […]