For the third year running, Compagnie Monégasque de Banque (CMB) has been named Best Private Bank in Monaco by World Finance magazine. “I am truly honored that CMB has been nominated this year again Best Private Bank in Monaco,” CEO Francesco Grosoli tells Forbes Monaco. “This award indicates strong customer recognition and trust, and highlights our efforts to offer…
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Barclays is the latest major bank to report a significant drop in first quarter earnings because of coronavirus, as it sets aside $2.6 billion to cover anticipated bad loans. KEY FACTS - First quarter profits for Barclays fell 38% in the first three months of the year, to $1.1 billion (£913 million). - The bank has also set aside a $2.6 billion (£2.1 billion) credit impairment charge,…
The Compagnie Monégasque de Banque has taken the initiative, in agreement with the Princess Grace Hospital Centre, to start collecting donations, helping the Monegasque community to participate in the drive for national solidarity. CMB is strengthening its commitment to the fight against the novel Coronavirus after having already granted the sum of 100,000 € in favour of the…
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