Commerce

Commerzbank CEO steps down to give lender a fresh start

Through Tom sims, Hans Seidenstuecker FRANKFURT (Reuters) – The CEO of Commerzbank resigned on Friday, bowing to demands from major shareholder Cerberus that the German lender change its strategy to stop a downward spiral in its financial performance. FILE PHOTO: Martin Zielke, CEO of Commerzbank AG in Germany, attends the …

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GTB plans to acquire a Kenyan bank

Management of Trust bank guarantee is considering acquiring a Kenyan lender. The bank’s chief executive, Segun Agbaje, revealed this during a conference call with investors in Lagos, Bloomberg reported on Monday. According to him, this is part of the bank’s plan to expand its operations on the continent. “I think …

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Axis Bank launches first portable contactless payment devices in India at ₹ 750

Axis Bank became the first bank in India to launch its own line of portable contactless payment devices. Dubbed “Wear N Pay”, these wearable devices are linked directly to the customer’s bank account and function like a regular debit card. India’s third-largest private lender has partnered with Thales and Tappy …

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Rocket Mortgage and HomeFree-USA Expand Financial Education Partnership at Historically Black Colleges

Rocket Companies Inc. on Thursday pledged to hire 10% of its future interns from historically black colleges and universities in a partnership focused on financial education and career preparation. The Detroit-based mortgage lender is investing to expand its work with HomeFree-USA, a nonprofit focused on promoting black home ownership. HomeFree-USA’s …

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South Korean court docket declares abortion ban ‘unconstitutional’

South Korea’s Constitutional Court docket on Thursday dominated that the decades-long ban on abortion was unconstitutional, in a landmark ruling that may grant ladies the correct to free selection. The court docket dominated that an outright ban on abortion was unconstitutional and that termination of being pregnant early in being …

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Main Gulf markets finish combined, Qatar data streak of losses

(Reuters) – Main Gulf inventory markets had been combined after they closed on Thursday, with modest buying and selling volumes as a result of absence of many overseas traders for Christmas. FILE PHOTO: An investor watches a display displaying inventory data on the Abu Dhabi Inventory Change on June 25, …

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Stimulation controls? Here is a breakdown of what is within the $ 908 billion bipartisan financial plan

by way of: Michael Geheren and Nexstar Media Wire Posted: Dec 3, 2020 / 7:01 a.m. CST / Replace: Dec 3, 2020 / 1:01 p.m. CST FILE – On this April 23, 2020 file picture, President Donald Trump’s title seems on a stimulus test issued by the IRS to assist …

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Metropolis’s $ 92.8 billion finances funds psychological well being and abortion care

Mayor Invoice de Blasio and members of the town council introduced on Friday afternoon an settlement on the Funds of $ 92.8 billion for fiscal 2020, with initiatives to enhance entry to healthcare on the forefront. Funds contains $ 26 million to put 200 extra social employees – together with …

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Lender withdraws 90% of LTVs for second time as demand persists

Accord Mortgages has briefly withdrawn its 90% LTV merchandise for the second time in a month after seeing its software quantity “skyrocket”. The middleman lender mentioned it was “reluctantly” suspending all loans on its 90% LTV merchandise for first-time patrons at 8 p.m. final night time (July 6). Accord mentioned …

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CaixaBank and Bankia merge, creating Spain’s largest financial institution

The Boards of Administrators of Bankia and CaixaBank have agreed to merge, which might result in a monster within the Spanish banking sector Pierre-Philippe Marcou, Gabriel Bouys | AFP Spain’s boards of administrators CaixaBank and state owned Bankia have accepted a plan to merge the 2 lenders, which can create …

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