Keith M. Rosenbloom sells $1.22m in American Vanguard shares

Cairo accelerates state asset sales under an IMF plan, targeting up to four major listings by summer 2027. This article appears in the July/August issue of Global Finance Magazine. Egypt, Africa’s second-largest economy after South Africa, plans to list up to four state-owned companies on the Egyptian Exchange (EGX), the continent’s largest stock exchange by…

What’s at stake: X Money has ramped up work with sponsor bank Cross River as it tries to scale its financial services app.  Expert quote: “This is an ambitious undertaking for Cross River, and if it succeeds, will do much to enhance their reputation among fintechs and banks,”—Aaron McPherson, principal at AFM Fintech. Forward look:…

Higher US yields shrink how much American buyers can borrow for a given monthly payment and discourage homeowners holding low-rate mortgages from moving, Reuters reported.   Banks, insurers, and pension funds face a separate channel, per the outlet, because a fast rise erodes the market value of existing long-dated holdings, and institutions forced to sell before…

Swift, a financial-messaging platform, said its new international money-transfer service is now live in the United States, with Bank of America Corp. and J.P. Morgan online with the service. The move follows recent launches in Canada and Germany. Swift says the new service will show recipients the full transaction amount with no unexpected deductions. It…

Banks have spent years managing technology implementations through procurement processes, vendor reviews, and controlled rollouts. The rise of forward deployed employees (FDEs) is introducing a very different model: AI providers are placing their own experts inside financial institutions to help build and deploy systems alongside the teams that will use them. These embedded employees represent…