Banking

Wells Fargo & Co. has partnered with Google LLC’s cloud business to build an artificial intelligence-powered virtual assistant that will help consumers with banking tasks. The companies announced the partnership today. The bank’s new virtual assistant, which is known as...

On October 17th, China's central bank extended aging medium-term policy loans while maintaining the interest rate at its current level for a second month, adding credence to forecasts that conditions will remain loose to support the pandemic-affected economy. The rate...

The Reserve Bank of Australia has issued a warning that more bankruptcies in the home building sector are inevitable as builders struggle with escalating prices. Due to a sharp increase in expenses, as well as labour and material constraints...

The Spanish government and banks came to an agreement on a plan of action on October 7th to ensure financial services to sparsely inhabited rural villages and to mitigate the effects of growing mortgage rates on the most vulnerable. Every Spanish...

Ahead of a rate-setting meeting on September 22, the governor of the Philippine central bank indicated on Sept. 2 that the size of a widely anticipated increase in US interest rates this month will be a large determinant in...

In the first half of 2022, Russia's banks collectively lost 1.5 trillion roubles (S$34.8 billion), according to a senior official at the Russian central bank who spoke with the RBC business newspaper on September 2. This is the first time...

According to a source, the bank's offering in India of Additional Tier-1 (AT-1) bonds is expected to more than halve to Rs 20,000 crore this fiscal year from the all-time high of Rs 42,800 crore raised in FY22. Bonds...