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Citigroup Inc has released an internal memo on Thursday. Within, it reported that the US Bank’s Global Head of Financial Institutions Group, Peter Babej, will be changing job positions. He will take on the role of Chief Executive Officer of Asia Pacific. Babej had already been working for Citi since 2010, where he was hired…
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Revolut, one of the top challenger banks in the world, continues to grow despite the current fears of an economic recession. The company has been expanding since 2015 and they just recently announced that the official launch of their banking app in Singapore could come this October. During an exclusive interview with LearnBonds.com, Nik Storonsky,…
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Chinese technology giant Xiaomi Corp. is reportedly seeking a $1 billion loan two years after securing a loan of the same size from a group of 18 banks for a global expansion. Five-year Bullet Club Loan Bloomberg reported on Wednesday that the Beijing-based company is back to the loan market with a $1 billion refinancing…
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As we march closer and closer to automatic cars, Hyundai decided that they should make up for how they’ve been lagging compared to its rivals. Teaming up with Aptiv, they plan to make up for the lost time. In the biggest investment of the South Korean based automotive company’s history, the Hyundai Motor Group decided…
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Alphabet (NASDAQ: GOOG) stock price continues to trade in a narrow range over the last twelve months. The stock price has been experiencing hurdles in breaching $1300 level. It traded in the range of $1000 to $1200 level during the last twelve months. On the other hand, the company has generated solid growth in financial…
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Micron (NASDAQ: MU) stock price regained momentum after experiencing steep selloff during the final quarter of last year. The stock price remained volatile throughout the first half of this year amid concerns over stiff competition and DRAM related downturn. Although Micron stock price rose 29% in the past three months, the price is still down…
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Ford Motor (NYSE: F) stock price plunged below double-digit figure after lower than expected results for the second quarter. It’s stock price lost 9% of value in the last month; the stock is still up 11% since the start of this year. Market pundits strongly believe in the future fundamentals of Ford Motors. Morgan Stanley,…
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Wall Street behemoth Credit Suisse’s US operations had flaws in its risk management system, according to Federal Reserve statement on Thursday. The finance giant now has time until October to correct these issues. Federal Reserve stress test confirms limited issues This year, the Federal Reserve performed its stress test on 18 major US banks and…
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UK lender Lloyds Banking Group PLC, recently froze accounts of 8,000 offshore banking customers in an effort to push back against money laundering. The bank had asked these customers to prove their identity for three years. Bettering KYC at the bank The Lloyds Banking Group is following stricter know your customer (KYC) guidelines as regulators…
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Piers Murray, the former chief operating officer of BNY Mellon’s markets business, is leaving the bank according to The New York Post. The decision comes a month after the bank had let go of some of its bond trading staff. Murray’s journey at BNY Mellon Michelle Neal, former CEO of markets for the Royal Bank…
