The banking industry is not only one of the cornerstones of the global economy, it is firmly entrenched in nearly every aspect of our professional and personal lives. The financial transactions that constitute banking have been around for hundreds of years, contributing to the somewhat lackluster reputation of the industry. In recent years, however, deregulation and technological developments have brought notable changes that will help banks meet 21st century challenges in variable economic times. As other types of companies enter the financial services business, banks have also improved and expanded their suite of products and solutions to maintain their market share. The role of government, more prominent in banking than perhaps any other type of business, will continue to be critical in shaping the industry’s future.
Retail Banking Market Set to Reach $3.15 Tillion by 2032 with High Growth in Large Bank Segment
The retail banking market will witness over 5% CAGR between 2023 and 2032, propelled by surging deals and sales, enticing… Read More
Despite Major Cracks, BRICS Development Bank to Become Operational Next Year
A new development bank first proposed two years ago by the BRICS nations — Brazil, Russia, India, China and South… Read More
U.S. Titans Investing in Chinese Logistics Company
Carlyle Group LP and Goldman Sachs Group Inc. are among the U.S. concerns investing in a Chinese logistics company, Shanghai… Read More
Liquidity Squeezes in Greece, China Prompt Private Funding Program
In reaction to the Greek financial crisis and other liquidity events around the globe, Paragon Financial Group of Fort Lauderdale,… Read More
Ex-Im-Guarantee Helps Small Business Export Forklifts to Brazil
Wiggins Lift Co. Inc., a manufacturer in Oxnard, Calif., is exporting its forklifts to marinas in Brazil with the support… Read More
Failure to Reauthorize Ex-Im Bank Called a “Missed Opportunity”
Congress is being scolded for passing on an opportunity to “support thousands of American jobs at firms across the nation… Read More
Chinese Banks Low On Gold Reserves. Maybe.
In a world where money flows more freely over borders—both real and virtual—than in any time in human history, it’s… Read More
Citigroup Continues Divesting Consumer Banking Business
New York, NY – Citigroup Inc. has said it will further “streamline its international operations” by divesting itself of its… Read More
Banking on Government
Political Opinions Differ, But the Ex-Im Bank Has Opened Doors and Markets for America’s Exporters One day last June, Ray… Read More
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