Catenaa, Monday, June 23, 2025-China has added six major financial institutions from Africa, the Gulf, and Central Asia to its cross-border yuan payment system, accelerating efforts to internationalize its currency and reduce global reliance on the US dollar. At a ceremony in Shanghai last week, the African Export-Import Bank, First Abu Dhabi Bank, South Africa’s […]

Catenaa, Wednesday, February 19, 2025 – HSBC released its annual performance on Wednesday. In 2024, the bank recorded a Profit After Tax(PAT) of $25 billion, exceeding market expectations as the bank battled losses from foreign currency and restructurings. The profit before tax was recorded at $ 32.3 billion, rising by $ 2 billion from 2023, which includes […]

LONDON, Monday, May 6, 2024- In a surprise move, HSBC Holdings plc announced the departure of Group Chief Executive Noel Quinn after nearly five years at the helm. Quinn, a 37-year veteran of the bank, cited a desire for a better work-life balance in his decision to step down. The announcement comes amidst ongoing efforts […]