Tag #Banking

Showing 157 to 168 of 274 results

bbc.com
🌐 85% Global Worthiness
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DBS Bank to Cut 4,000 Jobs as AI Takes Over

DBS Bank in Singapore will cut around 4,000 temporary and contract positions over three years as AI takes over tasks, while simultaneously creating 1,000 AI-related jobs, aiming for attrition to manage the reduction.

Progress

40% Bias Score

Decent Work and Economic Growth
us.cnn.com
🌐 85% Global Worthiness
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HSBC Beats Profit Estimates, Announces Restructuring and Share Buyback

HSBC reported a $32.3 billion pre-tax profit for 2024, exceeding estimates, driven by strong performance in wealth and markets, and announced a $2 billion share buyback and significant cost-cutting initiatives under new CEO Georges Elhedery's restructuring plan focused on Asia.

Progress

24% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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HSBC Revises Climate Target to 2050 Amidst Cost-Cutting and Restructuring

HSBC, Britain's largest bank, abandoned its 2030 net-zero carbon emissions target, revising it to 2050, while announcing £1.4 billion in cost-cutting measures including job losses and a focus on Asian markets, following the departure of its chief sustainability officer.

Progress

40% Bias Score

Climate Action
faz.net
🌐 85% Global Worthiness
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Commerzbank to Cut 3900 Jobs to Counter Unicredit Takeover Bid

Commerzbank, facing a potential takeover by Unicredit, plans to cut 3900 jobs by 2027, primarily in Germany, to increase profitability to \$4.2 billion by 2028 and deter a hostile takeover while maintaining a largely constant global workforce of 36,700.

Progress

40% Bias Score

Decent Work and Economic Growth
faz.net
🌐 85% Global Worthiness
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Unicredit's Commerzbank Bid Sparks Fears of German Economic Slowdown

A potential Unicredit takeover of Commerzbank is causing alarm among German businesses, particularly SMEs, who fear reduced credit access, less favorable terms, and a shift in decision-making to Milan, jeopardizing Germany's economic competitiveness and sustainability goals.

Progress

56% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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CBA Results Highlight Uneven Impact of Cost-of-Living Crisis in Australia

CBA's half-year results show rising personal loan arrears among low-income Australians struggling with cost-of-living pressures, while mortgage arrears increased modestly; the bank expects rate cuts to ease the situation, but the uneven impact of the crisis remains a concern.

Progress

44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Mortgage Rate Cuts and Withdrawals Amidst Inflation Rise

Nationwide and Halifax cut mortgage rates, while Santander withdraws its 3.99% five-year fix due to high demand, amidst rising inflation and speculation about future Bank of England interest rate decisions.

Progress

36% Bias Score

Reduced Inequality
edition.cnn.com
🌐 85% Global Worthiness
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HSBC Exceeds Profit Targets, Announces Restructuring

HSBC reported a \$32.3 billion pre-tax profit for 2024, exceeding expectations, driven by growth in wealth and markets divisions. CEO Georges Elhedery is implementing a restructuring plan with \$1.5 billion annual cost cuts by 2026 and a \$2 billion share buyback.

Progress

28% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Bank CEOs Urge Cash Rate Cut Amid Disappointing Results

Westpac and Bendigo and Adelaide Bank CEOs urged a 0.25% official cash rate cut on Tuesday to stimulate the economy, citing disappointing Q1 results (Westpac: $1.7 billion profit, -9%; Bendigo: $265.2 million cash earnings, -9.7%) and challenging conditions for businesses and households.

Progress

36% Bias Score

Decent Work and Economic Growth
faz.net
🌐 75% Global Worthiness
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Commerzbank to Cut 3,900 Jobs by 2028 to Counter Unicredit and Boost Profits

Commerzbank will cut 3,900 jobs by 2028, including 3,300 in Germany, primarily in central functions, to counter Unicredit's growing influence and boost profits to €4.2 billion by 2028 while maintaining a roughly constant global workforce of 36,700 through attrition and technology adoption.

Progress

36% Bias Score

Decent Work and Economic Growth
kathimerini.gr
🌐 75% Global Worthiness
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CVC Exits Ethniki Asfalistiki, Realizing Near 100% Return

CVC Capital Partners is nearly completely divesting from Ethniki Asfalistiki, selling 70% to Piraeus Bank for €469 million, resulting in a near 100% return on investment due to contractual clauses and the increased valuation of €670 million.

Progress

40% Bias Score

Decent Work and Economic Growth
repubblica.it
🌐 85% Global Worthiness
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Unicredit Reports Record 2024 Profits; CEO Addresses M&A Speculation

Unicredit reported record 2024 net profits of €9.7 billion, exceeding expectations, while CEO Andrea Orcel addressed potential mergers with Banco BPM and Commerzbank, clarifying the investment in Generali as purely financial.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 157 to 168 of 274 results