World Savings Bank

April 2, 2024

UN nuclear watchdog head urges development banks to fund new projects

...The bank said in a statement that any decision to build its “internal capacity” in nuclear power would require broad shareholder support from the World Bank’s Board of Executive Directors, with board decisions...

March 4, 2024

FT Live

Bank of the Year Awards 2024

Recognising the best in banking globally

Zopa Ltd

UK digital bank Zopa turns profit as it eyes IPO

...In 2016, it began its pivot into banking to access more stable ways to fund its loans with savings accounts....

April 14, 2024

Banking & Savings

Latest National Savings & Investments rates

...Are you getting the best deal on your savings? Check the latest interest rates on National Savings & Investments accounts. See our coverage of the latest savings and investment issues....

April 26, 2024

Banking & Savings

Latest savings rates

...Are you getting the best deal on your building society and bank savings? Check the latest interest rates on accounts from no-notice withdrawal accounts, to offshore and long-term savings....

April 26, 2024

Commodities

Commodity prices could keep inflation high, warns World Bank

...“Global inflation remains undefeated,” said Indermit Gill, the World Bank Group’s chief economist and senior vice-president....

April 25, 2024

FT Live

Financial Times @COP

FT Live events coinciding with COP

Lloyds Banking Group PLC

Lloyds profits fall as interest rate benefits wane

...However, competition in the savings and mortgage markets and expectations of rate cuts have weighed on interest margins....

April 24, 2024

InterviewIndian economy

India risks ‘squandering’ demographic dividend, says World Bank

...India and its neighbours are not creating enough jobs to sustain their young populations, the World Bank has warned, putting the region’s demographic dividend at risk even as it enjoys the world’s fastest...

April 2, 2024

Trade Secrets

Ajay Banga tries to build a better World Bank Premium

...What is Banga’s World Bank doing for us?...

April 15, 2024

News updates from April 15: US retail sales rise more than expected; Yen falls below ¥154 per dollar

The week ahead: The World Bank and IMF start spring meetings

...The IMF and the World Bank kick off their joint spring meeting on Monday in Washington....

April 14, 2024

LexEuropean banks

BBVA/Sabadell offers a test case for more European bank consolidation Premium

...BBVA will need to extract cost savings equal to 15 per cent of Sabadell’s operating overheads, after tax, about €312mn this year....

April 30, 2024

The Week Ahead

Spring is in the air

...The IMF and the World Bank kick off their joint spring meeting on Monday in Washington....

April 14, 2024

LexUS banks

Net interest income may have peaked for Wall Street banks Premium

...The flipside to higher interest rates is people also want more for their savings....

April 12, 2024

Climate change

Rich nations pledge $11bn to World Bank for climate and global crises

...The World Bank said the money could be leveraged to result in a $70bn boost to its lending firepower....

April 20, 2024

Letter

Letter: World Bank ‘lab’ fails to address climate challenge

...Inder Sud Former Director, World Bank (1990-2001), Reston, VA, US...

March 6, 2024

FT Live

The Global Boardroom: 8th Edition

FT journalists in conversation with leaders in business and government

News in-depthForeign aid

Development funds dash for donor cash at World Bank and IMF meetings

...The International Development Association, the World Bank’s $200bn lending arm to the world’s poorest countries, is leading a wave of fundraising this year for “replenishment” of the equity that backs grants...

April 15, 2024

US banks

Banks pay savers more as ‘higher-for-longer’ rates hit interest income

...“As we’ve been saying for a while, migration from checking and savings to CDs is sort of the dominant trend,” JPMorgan’s chief financial officer Jeremy Barnum told analysts on the bank’s first-quarter earnings...

April 28, 2024

International Development Association (IDA)

World Bank lender to poorest nations seeks record funding haul

...The World Bank’s fund for the planet’s poorest nations is seeking a record financing haul to tackle mounting debt and climate crises....

March 17, 2024

Personal Finance

Britons cut saving and investing as inflation bites, FCA survey finds

...The rate of inflation in the UK peaked at 11.1 per cent in October 2022 but has not yet come down to the Bank of England’s 2 per cent target....

April 10, 2024

Energy Source

World Bank ‘optimistic’ about giant African hydro project Premium

...That’s where we really hope that the multilateral [organisations] like the World Bank and African Development Bank [invest],” he said....

February 8, 2024

Markets InsightMichael Pettis

China’s problem is excess savings, not too much capacity

...The world must resolve the issue of excess savings and unbalanced trade, even as individual countries clash separately over excess capacity and comparative advantage....

April 29, 2024

JPMorgan Chase & Co

JPMorgan shares slip as outlook overshadows profit rise

...But banks are finally having to pass on higher savings rates to depositors, according to JPMorgan and Wells Fargo, which also reported earnings....

April 12, 2024

Robert Shrimsley

The ECHR needs saving from itself

...The world has changed since the 1950s and at times it looks out of step with current challenges....

April 17, 2024

Nomura Holdings Inc

Nomura profits soar as Japan’s stock market breaks bubble-era record

...risk assets, made Tokyo stocks some of the world’s strongest performers in January to March....

April 26, 2024

News in-depthClimate change

Negotiators seek money for climate action at spring meetings

...who are attending the annual spring meetings of the IMF and World Bank....

April 15, 2024

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