Global Business Review Magazine

Global Business Review Magazine Global Business Review Magazine is a UAE-based magazine focusing on latest updates in the world.

As the bank navigates a contentious political discussion regarding its regulation, CEO Sergio Ermotti's compensation was...
24/03/2025

As the bank navigates a contentious political discussion regarding its regulation, CEO Sergio Ermotti's compensation was kept in check last year, totaling 14.9 million Swiss francs ($16.9 million).

In contrast, Ermotti earned 14.4 million francs for nine months of work in 2023 when he rejoined UBS to supervise Credit Suisse's integration. At the time, he was the highest paid boss among major European banks, despite the reduced work year.

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We are thrilled to announce that Mr. Amir Ghannam, CEO of Beltone Leasing & Factoring, has been awarded Best Leasing and...
24/03/2025

We are thrilled to announce that Mr. Amir Ghannam, CEO of Beltone Leasing & Factoring, has been awarded Best Leasing and Factoring CEO Africa 2025! 🏆

This prestigious recognition is a testament to his outstanding leadership, vision, and dedication to driving innovation in the financial sector. Under his guidance, Beltone Leasing & Factoring continues to set new industry benchmarks and empower businesses across Africa.

While economies generally follow cycles of expansion and contraction, predicting their exact movements is nearly impossi...
22/03/2025

While economies generally follow cycles of expansion and contraction, predicting their exact movements is nearly impossible.

Fact: Unforeseen global events—such as pandemics, trade wars, technological disruptions, and financial crises—can alter expected economic patterns. Even leading economic indicators can fail to capture sudden shifts, making adaptability crucial for businesses and investors.

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The lender stated in its annual report on Friday that Ana Botin, the new tab executive chair of Santander's (SAN.MC), re...
19/03/2025

The lender stated in its annual report on Friday that Ana Botin, the new tab executive chair of Santander's (SAN.MC), received 13.77 million euros ($14.32 million) in 2024, 13% more than her 2023 compensation.

The increase in Botin's bonus follows the release of a record 12.57 billion euro net profit in 2024 by the largest lender in the euro zone by market value.

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The U.S. dollar (USD) plays a dominant role in international trade and finance, acting as the world’s primary reserve cu...
17/03/2025

The U.S. dollar (USD) plays a dominant role in international trade and finance, acting as the world’s primary reserve currency. This status allows the U.S. to influence global economic policies and trade dynamics significantly. Most commodities, including oil and gold, are priced in USD, reinforcing its global demand. However, some economies are pushing for de-dollarization to reduce dependence on the U.S. financial system and mitigate exposure to currency fluctuations and economic sanctions.

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According to a federal judge, the former parent company of Silicon Valley Bank may file a lawsuit to recoup $1.93 billio...
15/03/2025

According to a federal judge, the former parent company of Silicon Valley Bank may file a lawsuit to recoup $1.93 billion in deposits that the Federal Deposit Insurance Corp confiscated after the bank failed in March 2023.

The former parent, now known as SVB Financial Trust, properly claimed that the FDIC, acting in its corporate role, retained control over the deposits, according to a ruling on Thursday by U.S. District Judge Beth Labson Freeman in San Jose, California, even if the claims were "vanishingly thin."

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Lehman Brothers’ bankruptcy in 2008 remains the largest in history and a defining moment in global finance. The investme...
14/03/2025

Lehman Brothers’ bankruptcy in 2008 remains the largest in history and a defining moment in global finance. The investment bank collapsed under the weight of excessive risk-taking, toxic mortgage-backed securities, and regulatory failures. Its downfall triggered a worldwide financial crisis, leading to bank bailouts, stricter financial regulations, and a re-evaluation of risk management practices across the banking industry. The collapse reshaped the global financial system, pushing governments to strengthen economic safeguards to prevent similar disasters.

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Despite the possibility of being labeled a "currency manipulator" by the US, the Swiss National Bank's head declared on ...
12/03/2025

Despite the possibility of being labeled a "currency manipulator" by the US, the Swiss National Bank's head declared on Saturday that the bank will not stop using interest rates and currency interventions to guide monetary policy.

In 2020, during the previous Donald Trump administration, the U.S. Treasury labeled Switzerland a currency manipulator, claiming that the Swiss had extensively engaged in foreign exchange markets to lower the value of the Swiss franc.

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The derivatives market, which includes futures, options, and swaps, far exceeds the size of the global stock or bond mar...
10/03/2025

The derivatives market, which includes futures, options, and swaps, far exceeds the size of the global stock or bond markets. Derivatives are widely used by corporations, institutional investors, and financial institutions to hedge risks and speculate on price movements. However, their complexity and high leverage levels have also contributed to major financial crises, including the 2008 collapse. Despite their risks, derivatives remain a key tool in modern finance, enabling liquidity and risk management across industries.

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As part of a fundamental strategic reset, British oil giant BP announced plans on Wednesday to raise yearly oil and gas ...
08/03/2025

As part of a fundamental strategic reset, British oil giant BP announced plans on Wednesday to raise yearly oil and gas investment to $10 billion through 2027.

Along with aiming for $20 billion in divestitures by the end of 2027, the struggling energy giant also announced plans to reduce its yearly capital expenditure to between $13 and $15 billion over the same time period.

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Special Drawing Rights (SDRs) are a type of international reserve asset issued by the International Monetary Fund (IMF) ...
07/03/2025

Special Drawing Rights (SDRs) are a type of international reserve asset issued by the International Monetary Fund (IMF) to help stabilize global economies. They are not a currency in the traditional sense but can be exchanged between central banks to provide liquidity in times of financial crisis. SDRs are based on a basket of major world currencies, including the U.S. dollar, euro, yuan, yen, and pound. Their role has become increasingly important in supporting struggling economies and mitigating financial shocks in global markets.

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At least four enforcement actions filed by the director of the previous administration were canceled by the Consumer Fin...
05/03/2025

At least four enforcement actions filed by the director of the previous administration were canceled by the Consumer Financial Protection Bureau's new leadership on Thursday.

The CFPB filed a notice of voluntary dismissal for cases involving Capital One, Vanderbilt Mortgage & Finance, which is owned by Berkshire Hathaway, Rocket Homes Real Estate, a division of Rocket Cos., and Pennsylvania Higher Education Assistance Agency, a loan servicer.

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Multinational companies often use offshore financial centers to legally minimize tax burdens and protect assets. These a...
03/03/2025

Multinational companies often use offshore financial centers to legally minimize tax burdens and protect assets. These accounts allow businesses to benefit from lower tax rates, but they also raise concerns about corporate transparency and global economic inequality. Many countries are now implementing stricter tax regulations to prevent aggressive tax avoidance while still allowing legitimate international business operations.

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The primary banking union in Italy, Fabi, was asked by the German embassy there on Tuesday to provide an explanation of ...
01/03/2025

The primary banking union in Italy, Fabi, was asked by the German embassy there on Tuesday to provide an explanation of the takeover disputes roiling the industry, according to the union.

According to a statement from Fabi, Fabi head Lando Maria Sileoni and Benedikt Grodau, the embassy's financial affairs counselor, met in Rome at the embassy's request to discuss current agreements, banking supervision, the role of unions, and the political ramifications.

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Chief Operating Officer Jennifer Piepszak stated on Tuesday that JPMorgan Chase's (JPM.N) new tab investment banking fee...
26/02/2025

Chief Operating Officer Jennifer Piepszak stated on Tuesday that JPMorgan Chase's (JPM.N) new tab investment banking fees have increased by a mid-teens percentage so far in the first quarter as clients' economic optimism increases.

Amidst a robust U.S. economy, banks have profited from a rebound in dealmaking, which has led to a recent spike in Wall Street earnings. Despite the Trump administration's announcement of numerous changes to economic and regulatory policies that increased uncertainty, industry executives remained optimistic.

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In addition to announcing a $1.75 billion share repurchase and a commitment to "fundamentally" reset its strategy, Briti...
22/02/2025

In addition to announcing a $1.75 billion share repurchase and a commitment to "fundamentally" reset its strategy, British oil giant BP reported a steep decline in fourth-quarter profit on Tuesday due to poor refining margins.

According to an LSEG poll, the energy company reported underlying replacement cost profit (RC profit), which is a stand-in for net profit, of $1.169 billion in the fourth quarter, down from $2.99 billion in the same period previous year and $1.2 billion in analyst forecasts.

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Some view Corporate Social Responsibility (CSR) as a branding tool, but it goes far beyond marketing. Fact: Companies wi...
21/02/2025

Some view Corporate Social Responsibility (CSR) as a branding tool, but it goes far beyond marketing.

Fact: Companies with strong CSR programs see better employee engagement, stronger brand reputation, and increased consumer trust. Ethical business practices contribute to long-term profitability and risk management.

đź“Š Corporate Strategy Insight: Investors are increasingly prioritizing ESG (Environmental, Social, Governance) factors when making investment decisions.

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