Tag: finance definition

Activist Cevian Doubles Down on Swiss Finance With Baloise StakeActivist Cevian Doubles Down on Swiss Finance With Baloise Stake

(Bloomberg) — Activist fund Cevian Capital AB became a major shareholder in Baloise Holding AG, marking its second big investment in the Swiss finance industry after recently taking a stake in UBS Group AG. The move comes less than a month after the Swiss insurer changed its laws to become more attractive to investors. Stockholm-based Cevian now holds 3.12% of voting rights in Baloise, according to a disclosure from May 18. The investor is also a major shareholder in the Swiss industrial group ABB Ltd. Last month, Baloise shareholders abolished a rule curbing voting rights, effectively making the company more…
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September 2, 2024September 2, 2024 TaufanTaufan

MAS, People’s Bank of China further collaboration in green and transition financeMAS, People’s Bank of China further collaboration in green and transition finance

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) discussed initiatives to advance cooperation in green and transition finance between China and Singapore at the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting on May 20. The initiatives discussed in Beijing covered the alignment of taxonomies, facilitation of green finance flows and the development of a decarbonisation rating platform, according to MAS. The GFTF was set up in 2023, with three workstreams led by private and public sector players. These focus on initiatives to scale up green and transition financing flows between Singapore, China and the region.…
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August 20, 2024August 20, 2024 TaufanTaufan

The AI ​​revolution in finance: Transforming the global landscapeThe AI ​​revolution in finance: Transforming the global landscape

The financial sector is undergoing a profound transformation driven by the rapid advancement and integration of artificial intelligence (AI). In 2023, global investment in AI within the financial industry reaches an impressive $35 billion. This figure is projected to reach $97 billion by 2027, reflecting the growing recognition of AI’s potential to revolutionize financial services by enhancing efficiency, reducing costs, and mitigating risks. Reports suggest that in the Asia-Pacific region, AI investment is set to hit $49.2 billion by 2026. Notably, a staggering 92% of this investment is dedicated to AI systems focused on fraud analysis and integration. This substantial…
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July 17, 2024July 17, 2024 TaufanTaufan