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Britain’s NatWest plans $136bn for sustainable finance

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Bloomberg NatWest Group Plc said it will lend 100 billion pounds ($136 billion) to customers cutting carbon emissions by the end of 2025. The British bank said it will focus on projects that help the UK move towards a net-zero economy with products including sustainability bonds and lending to firms that can show they are mostly low-carbon. NatWest has previously ...

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SocGen to slash 3,700 jobs as part of domestic retail merger

Bloomberg Societe Generale SA expects to cut as many as 3,700 jobs as part of a plan announced last year to merge its domestic retail operations and boost profitability. The reductions will be carried out between 2023 and 2025 and will stem from natural attrition, estimated at 1,500 per year, the bank said in a statement. “The merger will not ...

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Singapore to hold, signal policy move next April

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Bloomberg Singapore’s central bankers are expected to signal a potential tightening of monetary policy next year, while holding steady for now, amid rising inflation risks from supply-chain disruptions and surging energy prices. The Monetary Authority of Singapore (MAS), which uses a currency band as its main tool rather than interest rates, will signal a more hawkish tone when it releases ...

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