TEMPO.CO, Jakarta – Indonesian state-owned lender Bank Mandiri has issued a global bond, also known as an international bond, totaling US$800 million. This issuance is part of Bank Mandiri’s US$4 billion Euro Medium Term Note program. Eka Fitria, Director of Treasury and International Banking at Bank Mandiri, stated that this transaction represents the largest US dollar-denominated
Dozens of high street banks and building societies have slashed rates on savings products, in a swift response to the Bank of England’s (BoE) decision to lower the base rate earlier this month. Nearly 40 providers have either reduced their rates or withdrawn products altogether, following the BoE’s quarter-point cut to 4.5%. Despite these cuts,
HOUSTON and TUPELO, Miss., Jan. 22, 2025 /PRNewswire/ — Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter and year ended December 31, 2024. Annual highlights for 2024 included: Achieved net income available to common shareholders of $514.1 million, or $2.77 per diluted common share, and adjusted net income from continuing
“It’s really the first step. It always takes a little while, in my experience, for these things to drift through and be meaningful for people with housing interest loans and the like, but it is a mandatory first step.” Retail NZ chief executive Carolyn Young said the decision was an early Christmas present for the
The Reserve Bank of India (RBI) has laid the ground rules for selling sovereign green bonds to foreign investors through International Financial Services Centre, better known as Gift City The RBI in the guidelines said that IFSC Banking Unit (IBU) of foreign banks which do not have a branch or subsidiary licensed banking in India