Europe's largest bank said Tuesday that it would repurchase up to $3 billion shares ... banking units ... "There was strong revenue growth and good performances in wealth and wholesale transaction banking.".
Separately, Yue mentioned that ProjectEnsemble -- a wholesale central bank digital currency initiative -- has a dozen cases undergoing trials, some of which are completed and expected to be announced soon.
In the main, the bank will utilise the fresh capital to extend business to its wholesale and retail business segments as well as further enhance its automation and digital banking offerings as well as its African expansion plans.
Meanwhile, Mandala also effectively integrates with emerging digital asset settlement systems, including wholesale central bank digital currencies (CBDCs) and established payment messaging systems like SWIFT.
Indian regulators are reportedly considering a ban on cryptocurrency again as it views cryptocurrencies as high-risk investments and leans towards a more regulated alternative i.e CentralBankDigitalCurrency, commonly known as CBDC.
... in favor of a wholesale CBDC used by banks ... However, there is a good case for a "special role" for "central bank money in wholesale high value payments and in settlement of payment systems," he said.
ICICIBank Q2 results ... How much was ICICI Bank's income? ... ICICI's wholesale banking revenue grew to ₹20,388.83 crore, which is a increase of ₹3,005.06 crore or 17.28% compared to last year's ₹17,383.77 crore ... How did ICICI Banks' shares perform?.
Separately, AxisBank today also informed that its group executive in charge of wholesale banking division, Ganesh Sankaran, has resigned to pursue other opportunities outside the bank and that he will be relieved from bank services on November 30.
This equates to 7.2 incidents per 1,000 employees in 2023, 5.1 in 2022 and 4.2 in 2021 based on firms’ aggregate headcount in February this year, with rates highest at wholesale banks.
The bank’s customers plan to shop from a variety of types of discount retailers, including wholesalers and big box stores (54%), dollar stores (39%), discount department stores (37%) and outlet malls (21%).
Norges Bank is currently developing two possible models for CBDC, including retail CBDC, which will be used by consumers, and wholesale CBDC for transactions between banks. Currently, Norges Bank ...
According to a Bank for International Settlements survey in June, the likelihood of central banks globally issuing wholesale CBDCs within the next six years now exceeds the probability of retail CBDC implementation.