WASHINGTON, June 29 (Reuters) - The World Bank Group said on Monday it will "retire" its previous goal ‌to devote 45% of its annual lending resources to projects with climate co-benefits, but extend ...

The World Bank has approved a $250 million project to help Bangladesh strengthen key public institutions through digital transformation, improved governance and greater transparency. Approved on 12 ...

Major U.S. banks, including JPMorgan, Citi and Bank of America, plan to establish a shared tokenized deposit network by mid-2027, operated by the Clearing House, according to the Wall Street Journal.

Three forces – spreads, speed and optimization – are reshaping how banks think about liquidity, and together they mark a shift from passive defense to active balance sheet management. Regulators are ...

Kevin Warsh has made his first two hires after his swearing-in as Federal Reserve chair last month, according to a person familiar with the matter. The two men, Paul Winfree and Daniel Heil, are ...

PRESS RELEASE May 28, 2026 New World Bank Project will Help Transform Ukraine's Social Protection System WASHINGTON, May 29, 2026 —The World Bank Board of Executive Directors has approved a social ...

UMB Bank, n.a., a subsidiary of UMB Financial Corporation, announced today its new Colorado flagship location, marking a significant milestone in its growth and future in the state. The UMB Building ...

For decades, the financial industry has operated under the assumption that the core banking system is the sun around which all other technologies must orbit. This core-centric model was functional in ...

Kyrgyzstan aims to formalize the launch of the SCO Development Bank during its 2026 chairmanship. China is driving the initiative to create a yuan-based alternative to Western-led financial ...

Liquidity, in its simplest form, refers to a bank’s ability to meet its financial obligations as they come due. This includes customer withdrawals, loan disbursements, and operational expenses.

Santander and Webster Bank sketched out a second layer of management Monday, with roles set to take effect once the $12.3 billion combination between the lenders is complete. Chris Motl, Webster’s ...