The former Mastercard CEO will oversee the bank's pivot as it aims to become a dominant player in climate finance.
The former Mastercard CEO will oversee the bank’s pivot as it aims to become a dominant player in climate finance.
The position of World Bank president traditionally goes to an American citizen. Banga holds U.S. citizenship but was born and raised in India.become a dominant player in climate finance “Ajay understands that the challenges we face — from combating climate change, pandemics, and fragility to eliminating extreme poverty and promoting shared prosperity — are deeply intertwined,” Treasury Secretary Janet Yellen said in a statement.
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US World Bank nominee Banga set for vote on Wednesday after 4-hour interviewThe World Bank's 25-member executive board is set to vote on the U.S. nominee to run the World Bank, Ajay Banga, on Wednesday after completing a four-hour interview with the ex-Mastercard CEO on Monday, sources familiar with the process said.
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U.S. Businessman Ajay Banga Approved to Lead World BankThe World Bank board approved Ajay Banga as its next president, putting the former Mastercard CEO in charge of a bank overhaul intended to expand lending capacity and fight climate change
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Ex-Mastercard CEO Ajay Banga confirmed as World Bank presidentPresident Biden nominated Banga to serve as president of the World Bank in February.
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FDIC accepts JPMorgan Chase Bank's purchase of First Republic BankSan Francisco-based First Republic is the third midsize bank to fail in two months.
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First Republic Bank becomes third major U.S. bank to fail in recent monthsOne banking expert say that some former First Republic customers could benefit from the acquisition, since JPMorgan Chase has more New York City branches.
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JPMorgan Chase taking over First Republic Bank in 2nd largest bank failure in U.S. historyJPMorgan chase, the nation's largest bank, is now taking over First Republic Bank, the second largest bank failure in U.S. history with the shareholder the clear losers. It's almost like nothing ever happened.
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