{ }
Martin Gilbert, Chairman of Revolut and founder of Abrdn, is reportedly interested in acquiring Banque Havilland's Monaco subsidiary after Andbank withdrew from a potential purchase. A consortium of private individuals has agreed to take over, pending regulatory approval, while Revolut may be eyeing Havilland's banking license. Meanwhile, the Liechtenstein subsidiary is facing liquidation, with EFG International emerging as a likely buyer.
The telemedicine market is experiencing significant growth, projected to reach $451.4 billion by 2032, up from $84.3 billion in 2022, with a CAGR of 18.3%. This surge is driven by the demand for remote healthcare solutions, particularly post-COVID-19, enhancing patient access to medical care through virtual consultations. Key trends include improved video conferencing technology, increased use of wearable devices, and the expansion of telemedicine services across various medical specialties.
IG Group has initiated the second phase of its £150 million share buyback program, committing an additional £75 million to reduce share capital, with UBS AG managing the process. The company reported a 15% revenue increase in Q1 FY24, reaching £278.9 million, driven by higher earnings from derivatives, despite a slight decline in active customers. Additionally, IG Group plans to cut about 300 jobs, approximately 10% of its workforce, and has appointed Breon Corcoran as CEO, effective January 29, 2024.
A recent survey reveals that 67% of institutional investors now prioritize environmental, social, and governance (ESG) factors more than last year, with 42% of their assets managed under ESG considerations. Despite concerns about returns and challenges like greenwashing, the trend towards sustainable investing continues to grow, driven by a commitment to fiduciary responsibilities and stakeholder expectations. Over 70% of investors anticipate increased use of artificial intelligence to enhance ESG data management in the coming years.
JPMorgan plans modest share buybacks in 2024 after repurchasing nearly $9.9 billion in 2023. Despite recent interest rate cuts potentially impacting net interest income, the bank's strong market position and strategic expansions, including a focus on digital banking and global investments, bolster its long-term prospects. The stock remains a top performer among peers, supported by a solid balance sheet and consistent dividend increases.
Governments have appointed Senegalese banker Ibrahima Cheikh Diong to lead the UN's new fund addressing climate change loss and damage. With extensive experience in infrastructure financing and climate disaster insurance, Diong aims to support vulnerable low-income countries. The fund, which received $660 million in pledges, is set to begin disbursements next year, though concerns remain about its size and sustainability.
Bank investors are optimistic that 2024 could mirror the successful year of 1995, when the Federal Reserve's rate cuts led to a significant banking sector rally. Currently, bank stocks are performing well, with key indices up over 19% and 21%, respectively. Historical patterns suggest initial sell-offs after rate cuts, followed by potential outperformance, but past cycles indicate that such gains may not last long.
Seven Swiss institutions, including UBS, BCV, and BKB, are participating in the Agorá project, which aims to explore the integration of customer deposits and central bank money into a programmable financial platform. Launched by the Bank for International Settlements and seven central banks, the project seeks to enhance the monetary system through tokenization and smart contracts. The initiative, involving 41 private financial institutions globally, is set to run until 2025.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.