Finance

Expanding coverage is critical as losses exceed existing protection. Climate change, urbanization, and inflation are combining to make losses from natural catastrophes like hurricanes and wildfires far more severe. The difference between total global economic losses and the portion covered by insurance policies rose 3.1% year over year, reaching $1.83 …

Trump and some of Wall Street’s power players reignite a decades-old question: Should companies be judged every three months, or twice a year? Corporate America is once again at odds over whether to maintain its 50-year tradition of quarterly reporting or join Europe and parts of Asia in adopting a …

Global Finance presents its 18th annual Stars of China awards, honoring the best financial institutions and enterprises serving China and the world. Best Corporate Bank China Guangfa Bank Guangdong Province is ground zero for manufacturers of smartphones, electric vehicles, and robots. It is home to tech giants Tencent and BYD. …

Chinese banks show resilience in the face of economic tremors and global uncertainty. Media reports about a September earthquake that rocked western China described not only the rescue efforts but how a major bank took emergency action to reassure locals that their money was safe. The stories on Postal Savings …

Global Finance (GF): Garanti BBVA’s sustainable finance target of TRY 3.5 trillion (EUR$70 billion) is the highest in Turkey. What are your main goals? Cemal Onaran (CO): Sustainable finance is not just a financial product: for us, it represents nearly two decades of corporate culture and long-term responsibility to society and the …

Since the Warsaw Stock Exchange (WSE) was re-established in 1991, Poland’s capital market experienced significant growth: market capitalization expanded from PLN 161 million to more than PLN 2.2 trillion. Alongside this development, custodians and local depository banks emerged as critical partners for global custodians, foreign investment banks, pension funds, and …

GF: Alan, describe the dynamic between your R&D team and business units. How do you ensure innovative ideas are adopted? Sung: On my first day, my boss told me, ‘Alan, we are a cost center, not a profit center. Therefore, we must prioritize development based on our business unit’s needs.’ We …

Global Finance presents this year’s 25 safest banks in China. As the US trade war with China continues to escalate, with each side ramping up export restrictions on specific products and commodities, a satisfactory resolution seems unlikely. The US has announced plans to impose a 100% tariff on Chinese imports …

Home Sustainable Finance In conversation with Sohail Sultan, Chairman of Intercontinental Investment Bank Commitment to sustainability – from financing green and blue bonds, to creating digital access for customers, to maintaining transparent governance for all stakeholders – can enable banks to create a culture that fosters long-term resilience, trust and value creation. Joseph Giarraputo, …

Naveen Kumar Amar joined SS Innovations International, a developer of surgical robotic technologies, in September as CFO. Amar has been a financial leader with companies in a range of industries and most recently provided virtual CFO services to clients in the US, Canada, and the UK. Global Finance: What is …