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Exclusion of companies from the banking ...

MUMBAI: The Reserve Bank of India’s decision to keep businesses away from banking licenses will help the government avoid allegations that it is selling banks to large corporations. However, the number of potential buyers for public sector banks (PSBs) will decrease. In the absence of any deep-pocketed corporate house, bidders for PSU banks would have […]

Australian banking regulator finalizes p...

SYDNEY, Nov. 26 (Reuters) – Australia’s banking regulator on Friday released final guidelines for banks, insurers and pension funds to manage financial risks from climate change, without imposing new rules. The Australian Prudential Regulatory Authority (APRA) said the principle-based guide is aligned with recommendations from the Financial Stability Board’s Disclosures Working Group on Climate-Related Finance […]

BOK Financial announces changes in Credi...

TULSA, Oklahoma, November 23, 2021 (GLOBE NEWSWIRE) – BOK Financial has made changes within its leadership team to better position the company for growth in the years to come. Marc Maun has been appointed regional director of banking services for Arizona, Colorado, Kansas, Missouri, New Mexico and Oklahoma, and will also be responsible for cash […]

UN warns of ‘colossal’ collapse of Afgha

The United Nations on Monday called for urgent action to support Afghan banks, warning that a spike in people unable to repay loans, falling deposits and a shortage of liquidity could cause the financial system to collapse within months. In a three-page report on the Afghan banking and financial system as seen by Reuters, the […]

OCC orders Chicago bank embroiled in Man...

Dive brief: Federal Savings Bank, a Chicago-based lender with $ 815 million in assets, must strengthen its risk management controls and improve its anti-money laundering and consumer compliance standards, in accordance with a agreement with the Office of the Comptroller of Currency (OCC), released Thursday. . Former bank CEO Stephen Calk was convicted of bribery […]

Why public banking is a step towards rev...

PHOTO COURTESY OF TWITTER / @ SANTIAGOAD53 The potential of public banks – or the management of taxpayer funds through state-controlled financial institutions rather than private banks – became real to me in my city council member’s office in the spring of 2019. A group of us had spread out through City Hall to talk […]

Betsy Ratto, Leader in Commercial Bankin...

In this new role, Ms. Ratto will be responsible for the creation and execution of corporate finance and capital markets operations, with a focus on the retail sector and other finance operations. . Ms. Ratto will be based at Hilco’s Boston office and will work to identify and create lending / investment opportunities through Hilco […]

Mobile Banking Biz Upgrade Reaches $ 6 B...

By Elise Hansen (Nov. 16, 2021, 3:59 p.m. EST) – Mobile banking and credit firm Upgrade said on Tuesday it reached a valuation of $ 6 billion in its latest $ 280 million round of funding, which comes just a few months after a big round of Series E. Upgrade Inc., headquartered in San Francisco, […]

Bank ETFs may be worth relying on again ...

As has been widely documented, stocks of banks and associated exchange-traded funds are super hot this year. For example, the Invesco KBW Bank ETF (NASDAQ: KBWB) is 43.25% higher since the start of the year and shows no signs of slowing down. KBWB, which tracks the widely watched KBW Nasdaq banking index, is up nearly […]

Goldman Prepares $ 40.6 Billion for Alte...

HONG KONG (BLOOMBERG) – The Goldman Sachs Group is set to invest at least US $ 30 billion (S $ 40.6 billion) in alternative Asian assets over the next five years after reorganizing its operations and launching a aggressive campaign to raise outside funds with the aim of overtaking investment giants such as KKR & […]