For Bank of America’s Raul Anaya, wildfire relief efforts are now a full-time job Raul Anaya has found his next big project. He’s been tapped by the chief executive of Bank of America to step back from his day-to-day role as national head of business banking, one of eight major lines of business for the
When was the last time you visited a bank branch? Chances are that you will get different answers from Indians. If you are young and tech-savvy, most of your banking requirements are met through digital banking and you have hardly felt the need to visit a bank branch. If you are a senior citizen or in
8 By Salvatore Cantale, Professor of Finance, and Peter Nathanial, Executive in Residence, International Institute for Management Development (IMD) In the evolving financial landscape, banks face the challenge of adapting their business models to not only remain relevant today but also to position themselves as leaders in a future increasingly dominated
The financial services giant Goldman Sachs is telling shareholders that its competitors are now offering crypto products and services that the bank doesn’t. In its 2024 Annual Report, Goldman Sachs says in some circumstances, rival firms are offering products that clients may prefer, such as specific digital assets, which Goldman cannot or choose not to
KUALA LUMPUR: The outlook for Malaysia’s banking system remains stable this year, supported by a steady economic performance and sound fundamentals, says Moody’s Ratings. The ratings agency said yesterday that economic growth will be driven by healthy domestic consumption and strong foreign direct investment (FDI). “We expect key credit metrics for Malaysian banks to be
Vocal opposition to the European Central Bank’s (ECB) digital euro project reportedly swelled after the institution’s payment system crashed last month. TARGET2 (T2), the ECB’s real-time gross settlement system, went down in late February, which prevented payments from being processed for several hours. Now, some members of the European Parliament, a legislative body of the
President Donald Trump at the 2024 Bitcoin Conference in Nashville, TN. The Washington Post via Getty Images The world of financial services is always evolving, but recently there are signs of a seismic shift. At the heart of this transformation is the rise of cryptocurrencies. Digital assets like Bitcoin, Ethereum, and a host of others
President Donald Trump at the 2024 Bitcoin Conference in Nashville, TN. The Washington Post via Getty Images The world of financial services is always evolving, but recently there are signs of a seismic shift. At the heart of this transformation is the rise of cryptocurrencies. Digital assets like Bitcoin, Ethereum, and a host of others