Twenty of the world's largest banks laid off more than 60,000 employees in 2023

Twenty of the world's largest banks laid off more than 60,000 employees in 2023, marking one of the worst years for job cuts since the 2007-2008 financial crisis, the Financial Times newspaper reported on Tuesday.

Kenyan banks swamp debt market as COVID-19 slows down economic activities

Nairobi/Xinhua: Kenya's short-term government securities received the highest subscription in history this week as banks swamped the debt market with bids amid reduced economic activities due to the COVID-19 pandemic.

Banks, UN set standards on channelling investments for sustainable development

New York, Jan 31 (Just Earth News): Nearly 20 leading global banks and investors, totalling $6.6 trillion in assets, have launched a United Nations-backed global framework aimed at channelling the money they manage towards clean, low carbon and inclusive projects.