Big banks from the U. S. are making a move to Saudi Arabia. Citigroup just opened its new regional office in Riyadh. This is a big deal because it shows that Wall Street is getting more serious about doing business in the Middle East. The new office is in the famous Kingdom Tower. This is different
Food banks across the country are preparing for a tough time ahead. The government shutdown has put nearly 300, 000 people in West Virginia at risk of missing their November SNAP benefits. This is a big deal because SNAP helps over 41 million Americans put food on the table. The shutdown is not the
The Louvre, a place known for its art and history, has moved some of its most valuable jewels. They are now safe in the Bank of France. This happened after a bold robbery last week. The thieves took eight precious items worth a lot of money. They broke in during the day. This showed that the museum'
JPMorgan Chase finds itself in a financial pickle. The bank is trying to stop paying the legal fees for two former employees, Charlie Javice and Olivier Amar. They were found guilty of fraud after selling their company, Frank, to JPMorgan. The bank says the legal bills have skyrocketed to an eye-wat
Kyrgyzstan is not happy with the EU's latest sanctions. The country feels targeted unfairly and wants to talk things out. The EU's new sanctions list includes some Kyrgyz banks and companies. Kyrgyzstan says it follows all international rules and wants an independent check to prove it. The EU's san
The Reserve Bank of India (RBI) has recently shared some new ideas about how much banks can invest in the stock market and help with company takeovers. They want to make sure banks don't put too much money in these areas. The RBI suggests that banks should not spend more than 20% of their strongest
In the world of finance, change is constant, and innovation is key. Now, there's a chance to shine a spotlight on the people and ideas pushing the industry forward. The Most Innovative People in Finance and Innovation of the Year awards are now accepting nominations. These awards are all about reco
NatWest, a major bank in the UK, just shared some exciting news. They made a lot of money last quarter, more than they did last year and even more than experts thought they would. This is a big deal because it shows they're doing well. They also shared that they expect to make even more money this
In Asia, big things are happening with crypto. Hong Kong is stepping up its game. Standard Chartered Hong Kong is set to start trading crypto ETFs soon. This comes as nearly 80% of wealthy clients there plan to invest in digital assets within a year. Over 30% already have some crypto. The city is al
Recent events have put Israel in a tough spot. The US has made it clear that any move by Israel to take control of parts of the West Bank would mean losing all support from the US. This warning came from none other than former US President Donald Trump, who said Israel would face serious consequence
