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Decision to call on Ahmad Zahid to defen...

Datuk Seri Ahmad Zahid Hamidi is pictured at the High Court in Kuala Lumpur on December 6, 2021. — Photo by Hari Anggara KUALA LUMPUR, January 23 – The decision on whether Datuk Seri Ahmad Zahid Hamidi will be acquitted or sentenced to defend himself on 47 criminal charges of breach of trust (CBT), bribery […]

Why should UAE banks benefit from higher...

Analysts expect GCC banks to make significant interest rate margin gains as interest rates rise. “GCC banks are one of the biggest beneficiaries of rising rates within the emerging market banking space, having access to a large base of non-interest bearing deposits, while loan portfolios are mostly variable rate,” said Ehsan Khoman, head of emerging […]

Jefferson Bank Merger Protest Creates Ne...

Illinois-based First Mid Bank & Trust agreed to operational improvements, including providing small business loan subsidies and setting up branches in underserved areas, in response to criticism that threatened to derail its project merger with Jefferson Bank and Trust. Shoot “Diversify leadership and include community voices and feedback as key to not just changing the […]

OCBC and DBS roll out more anti-scam sec...

Banks have already removed clickable links in emails and text messages The prevalence of phishing scams has been making headlines lately, with many well-known organizations being hit by scammers. As protectors of people’s hard-earned money, banks are supposed to be safer than most. Thus, at least 2 Singaporean banks – OCBC and DBS – have […]

Oversea Chinese Banking: Media Statement...

OCBC has a range of anti-scam security measures such as the ability for customers to adjust their account-to-account and overseas funds transfer limits for online banking – even disabling fund transfers by setting their transfer limit to $0 – as well as sending transaction notifications to the existing mobile number or email address of customers […]

Fidelity Investments Canada ULC Announce...

TORONTO, January 20, 2022 /CNW/ – Fidelity Investments Canada ULC today announced the January 2022 cash distributions for Fidelity’s line of high dividend factor ETFs, fixed income ETFs and high monthly income ETFs. Fidelity Investments Canada ULC logo (CNW Group/Fidelity Investments Canada ULC) Detailed in the tables below, unitholders registered on the January 27, 2022 […]

Bank of America cuts overdraft fees

Bank of America announced that it is reducing its overdraft fee from $35 to $10. (iStock) Bank of America announced that starting in May it will reduce its overdraft fee – the fee a customer pays when their bank account has reached a negative balance – from $35 to $10. The bank will also eliminate […]

Funds seized by North Korean bank given ...

Funds seized from a North Korean bank account are expected to be handed over to the parents of US student Otto Warmbier, who they say was tortured by North Korea before being released while in a coma. A federal judge in New York ordered the state comptroller to give $240,000 seized to Warmbier’s parents, Fred […]

Singapore pushed to introduce security m...

Banks and financial institutions in Singapore will have to implement new security measures that have been mandated following a series of phishing SMS scams that wiped several victims out of their savings. These measures include the removal of hyperlinks from emails or text messages sent to consumers and a 12-hour time limit for the activation […]

How Fello Gamifies Savings and Investmen...

Millennials seem to like investing in mutual funds, with more than 64% of them investing in mutual funds according to a Paytm Money report. Another thing millennials love is gaming, and playing video games is a favorite millennial pastime. Inasmuch asFelloInasmuch as, a Bangalore-based fintech startup has brought the two elements together and introduced a […]