China Everbright Bank Co., Ltd. is a Chinese a commercial bank based in Beijing and partially owned by China Everbright Group, and Central Huijin Investment Co., Ltd., parent company of China Everbright Group, and China Investment Corporation, a sovereign wealth fund. China Everbright Bank Co., Ltd. is publicly traded and an affiliate of Everbright Securities and Everbright Wealth Management Co., LTD. China Everbright Bank Co., Ltd. offers a broad suite of personal and business banking services, investment banking services including loans, credit cards, personal lending, housing loans, commercial loans, bond underwriting, cash management, and other banking and financial services.
Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC. Zepz confirmed to CNBC it is eliminating roles to “susta...
Consumer sentiment drops sharply in February as inflation worries soar
The University of Michigan’s gauge of consumer sentiment fell to 67.8 in a preliminary February reading, down from 71.1 in the prior month and the lowest reading since July. Economists polled by the ...
The BNPL Boom: The Good, The Bad, and The Regulatory Challenge
In the summer of 2022, a young marketing executive in London, eager to revamp her wardrobe, clicked “Pay in 4” at checkout. The process was seamless—no credit check, no hassle, and most importantly, n...
India’s central bank cuts rates for the first time in nearly five years, forecasts faster growth next year
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The central bank forecast real ...
Fed officials are raising concerns about the impact Trump’s tariffs could have on inflation
In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan G...
How AI Agents and Crypto Will Revolutionize Commerce
Web3 technologies are poised to transform the world of commerce just as Web2 revolutionized access to information. The result will be a vast, open, liquid digital marketplace where all physical goods ...
‘Leveraged to the hilt’: PE-backed firms hit by wave of bankruptcies
Higher interest rates and lower consumer spending are squeezing debt-laden companies backed by private equity groups, forcing them to either restructure through bankruptcy or buy time to recover via o...
China keeps benchmark lending rates unchanged as it contends with a weakening yuan
The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The PBOC has ramped up measures lately to avoid a sharp fall in the cur...
WaFd Bank is exiting the single-family mortgage lending business, spurring an 8% reduction in the lender’s workforce, the Seattle-based bank said Thursday. The job cuts affect 174 employees, based on ...
Bankers hope for IPO revival in 2025 as high-profile listings stack up
Investment bankers are gearing up for a pickup in dealmaking activity in global equity capital markets this year, buoyed by a promising pipeline of anticipated initial public offerings of several high...