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Citigroup resumes retail banking sale in Poland
GDANSK, Nov 10 (Reuters) – Citigroup has resumed the process of selling the retail business of Bank Handlowy (BHW.WA) in Poland, Bank Handlowy CEO Elzbieta Czetwertynska said on Friday, adding that talks with interested investors may begin in the next few months.”Citi has resumed the process of selling its retail banking business of Bank Handlowy…
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How can policy makers support finance industry action on net-zero: Establishing an appropriate emission scope
Absolute emissions must be reduced across the entire value chain to limit global temperature rise to 1.5°C and limit the dire consequences of climate change. Delaying action will only make this harder and lower the chance of decreasing greenhouse gas (GHG) in the atmosphere through carbon removal. To reach net zero by 2050, swift and…
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Financial guru says living paycheck to paycheck is ‘relatable’ because so many Americans are dealing with it
<!–> “Financial Planning Made Personal” author Larry Sprung explains why many people rallied behind House Speaker Mike Johnson following harsh report. Some Americans rallied behind House Speaker Mike Johnson, R-La., after a report last week nitpicked his personal finances and put a harsh spotlight on the possibility that he might live paycheck to paycheck.…
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Is Your Financial Health a House of Cards?
When headlines scream about union strikes or government shutdowns, it’s easy to fixate on the immediacy of missed paychecks and the struggle to pay bills. But what if the real story here isn’t just about these immediate crises? What if it’s indicative of a deeper, systemic issue — a fundamental lack of financial health and…
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GFANZ transition finance measurement ‘fatally flawed’ NGOs claim
Nine NGOs, including Reclaim Finance and Sierra Club, have warned that a proposed new method for financial institutions to measure their decarbonisation impact is “opaque, highly complex, easy to manipulate, and likely counter-productive”, in response to a consultation paper published by the Glasgow Financial Alliance for Net Zero (GFANZ).
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WE Finance Code Launches with Endorsements from Leaders of Development Banks
Washington DC, November 9, 2023 – The Women Entrepreneurs Finance Initiative (We-Fi), a global partnership housed in the World Bank, has unveiled a new effort to empower women entrepreneurs and bridge the financial inclusion gap: the Women Entrepreneurs Finance Code (WE Finance Code). The framework has garnered resounding support from leaders of six Multilateral Development…
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UK finance minister Hunt questions Braverman’s choice of words over policing
LONDON, Nov 10 (Reuters) – British finance minister Jeremy Hunt on Friday distanced himself from interior minister Suella Braverman in her row with police over the handling of pro-Palestinian marches, saying he would not have used the words she did.Prime Minister Rishi Sunak is under pressure to sack Braverman after she accused the police on…
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Hackers Hit U.S. Arm of Chinese Bank
Updated Nov. 10, 2023 4:18 pm ETListen(2 min)There is a new reason to worry about the hardiness of the market for U.S. government debt: hackers.Cybercriminals held hostage this week a New York unit of the world’s largest bank,
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UK finance minister says cutting inflation is best way to revive growth
LONDON, Nov 10 (Reuters) – British finance minister Jeremy Hunt said the government’s plan to reduce inflation would help revive growth, after official data on Friday showed the country’s economic output failed to grow in the July-to-September period.”High inflation is the single greatest barrier to economic growth,” he said in a statement.”The Autumn Statement will…
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Cabinet approves ¥13.1 trillion extra budget to finance fresh stimulus
Prime Minister Fumio Kishida’s Cabinet on Friday approved a ¥13.1 trillion draft of a supplementary budget to finance a fresh economic stimulus package designed to assuage the fallout of rising prices.Amid growing public frustration toward the Kishida administration, the prime minister appears to be eager to regain popularity with the relief package, claiming it is…