Thursday 28 March 2024
 
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banking costs

Blockchain ‘could cut cross-border banking costs’

Blockchain technology has the potential to significantly reduce the costs and time involved in cross-border banking transactions, increasing banks' efficiency but putting pressure on their fees and commissions, Moody's Investors Service

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StanChart faces soaring costs

Standard Chartered said costs are rising quickly as it fights to hire and retain staff in its hot Asian markets, taking the gloss off record income and profits. Finance director Richard Meddings said Standard Chartered was likely to make "

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