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Columbia Banking System (NASDAQ:COLB) St...

Colombian banking system (NASDAQ:COLB – Get a rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released Friday to clients and investors, Zacks.com reports. According to Zacks, “Columbia Banking System, Inc. is a registered bank holding company whose wholly-owned subsidiary, Columbia State Bank, is engaged […]

China’s banking watchdog says it is inve

What’s new: The main banking regulator and the central bank of China pay close attention to the case of four village lenders in Henan province who stopped offering online banking services, preventing non-local customers from transferring funds from their accounts, a representative of the China Banking and Insurance Regulatory Commission said on Wednesday. (CBIRC). The […]

Wall Street up on bank profits and stron...

U.S. stocks surged on Tuesday, with Citigroup leading a rally in bank stocks after Berkshire Hathaway reported strong interest in the company, and robust retail sales in April allaying concerns about slowing growth. Ten of the 11 major S&P sectors gained ground, with financials and technology both up 2%. Microsoft Corp, Apple Inc, Tesla Inc […]

Nigeria Bans Shell Banking

With the new Money Laundering (Prevention and Prohibition) Act signed by President Muhammadu Buhari, a citizen or foreigner can no longer make or accept payment in cash of an amount exceeding N5 million or its equivalent while a body corporate can no longer perform or pay the sum of N10 million or its equivalent. As […]

Report: Losses from strict cross-border ...

Overregulation slowed US job growth by 285,000 jobs between 2012 and 2018 McALLEN, Texas (border report) – The aggressive overregulation of cross-border banking regulations between the United States and Mexico costs billions of dollars in lost funds between the two countries and does little to stem the flow of illegal currency that is laundered each […]

Senate Banking Subcommittee Holds Hearin...

Last week, the Senate Banking Committee’s Subcommittee on Financial Institutions and Consumer Protection held a hearing entitled “Review of Overdraft Fees and Their Effects on Working Families.” A recording of the hearing is available here. Following opening statements from Subcommittee Chairman Raphael Warnock (D-GA) and Ranking Member Thom Tillis (R-NC), three witnesses testified and answered […]

BVNK recoups $40 million for its crypto ...

Starting Cryptocurrency BVNK (pronounced ‘bee-vee-en-kay’) closed a $40 million Series A funding round at a post-money valuation of $340 million. Interestingly, Tiger Global is leading the round despite grabbing headlines, as it suffered a $17 billion loss in this year’s tech stock sell-off. Other investors in today’s funding round include The Raba Partnership, Avenir, Kingsway […]

EBRD-led consortium acquires Egyptian no...

Founded in 2015, GlobalCorp is an Egyptian non-bank lender specializing in leasing and factoring solutions for corporate and small, medium and large enterprises. The Company’s leased assets include production lines, equipment and machinery, vehicles and commercial/industrial real estate, while the factoring product portfolio covers a range of short-term financing solutions. Since its inception, GlobalCorp has […]

Are you interested in investment banking...

The best feeder schools for investment banking. A career in investment banking can be extremely rewarding. Including salary and bonus, the average compensation for first-year analysts in 2022 is the average $142,000. But landing a job in investment banking isn’t easy, and it takes more than solid grades, especially if you’re hoping to work for […]

Review of Surrey Bancorp (OTCMKTS:SRYB) ...

Surrey Bancorp (OTCMKTS: SRYB – Get a rating) and the Columbia Banking System (NASDAQ:COLB – Get a rating) are both finance companies, but which company is superior? We’ll compare the two companies based on the strength of their profitability, valuation, institutional ownership, dividends, analyst recommendations, risk and earnings. Dividends Surrey Bancorp pays an annual dividend […]

Bank of America, JPMorgan and Goldman co...

Diving brief: Goldman Sachs and JPMorgan Chase consider covering travel costs for employees seeking out-of-state abortions, Bloomberg reported Thursday, citing anonymous sources. Bank of America is also considering such a policy, CEO Brian Moynihan told CBS Wednesday, adding that his company will have a discussion on the “difficult question.” Internal discussions of abortion policies at […]

Cambridge Wilkinson Investment Banking c...

NEW YORK, May 5, 2022 /PRNewswire/ — Cambridge Wilkinson (“CW”) is pleased to announce the closing of a $25 million leveraged finance facility for a long-time credit fund client, arranged by our division Fund financing. Cambridge Wilkinson A CW credit investor closed a $25 million loan on a loan leverage facility set up through our […]

The perfect culprit: crypto or the terro...

The Wall Street Journal featured a startling expose on Iran’s secret financial network used to circumvent US sanctions. Recent revelations about the Iranian regime have proven just how true this is. The clandestine network of trade and finance has allowed Iran to gain substantial leverage in talks with the United States, as the main tool […]

Rebellious Digital Banking Pioneers Leve...

MIAMI BEACH, FL (Photo by Cliff Hawkins/Getty Images) Getty Images Mortgage rates in the United States are rising rapidly, but a Miami startup is racing to securitize home loans with cryptocurrency. No deposit is required. Milo, a Florida-based digital bank, is now using digital coins to secure hard assets. The larger plan is to bundle […]

New banks, fake banks and dubious bankin...

May 01 (THEWILL) – A seemingly innocuous ‘war’ has been raging in the Nigerian financial services space for some time now: the ‘war’ to subdue the activities of mostly unlicensed and unapproved ‘banks’ of various shades that have practically invaded the banking sector. The “invaders” have been variously described as “online moneylenders”, “loan sharks”, “shylocks”, […]

SBP injects Rs3.565tn into the banking s...

KARACHI: The State Bank of Pakistan (SBP) on Friday injected a massive 3.565 billion rupees over a seven-day period at 12.30% through a reverse repurchase agreement, as liquidity was distorted on the Money Market. The SBP separately also conducted a Sharia-based open market operation (OMO) on the same day, injecting Rs 526 billion for seven […]

New economic analysis finds misplaced re...

Correspondent banking regulations between the United States and Mexico have become inefficient, misplaced, and economically harmful Tweet that Correspondent banking is the provision of services by a financial institution to another financial institution, including its subsidiaries, in different countries. A correspondent bank acts as an intermediary or agent, facilitating banking services on behalf of another […]

Will green bonds exceed $1,000,000 this ...

The size of the green bond market will surpass $1 trillion by the end of this year, according to NN Investment Partners (NN IP). The asset management group – recently acquired by Goldman Sachs – said recent European Union regulations had encouraged a significant shift towards investments aimed at achieving net zero goals and tackling […]

Taiwan’s Cathay United Bank Goes Live wi

Taiwan’s Cathay United Bank has implemented Avaloq’s core banking solution. The bank has deployed the Avaloq Core platform The Swiss provider says its Avaloq core platform will support the bank’s continued growth as it seeks to meet growing demand for private banking from high net worth individuals in Taiwan. Avaloq’s managing director for North Asia, […]

Lebanese banking group rejects latest dr...

BEIRUT (Reuters) – The Association of Banks in Lebanon said on Saturday it “totally rejects” the government’s latest draft financial recovery plan intended to pull the country out of economic collapse. In a statement shared with Reuters, the ABL called the plan “disastrous” and said it would leave banks and depositors to bear the “major […]

CFPB, New York AG sues MoneyGram

The Consumer Financial Protection Bureau (CFPB) and New York Attorney General Letitia James filed a civil lawsuit on Thursday against money transfer service provider MoneyGram International, alleging the company repeatedly violated consumer financial protection laws. The lawsuit claims the money transfer company blocked customers when it failed to quickly deliver funds to overseas recipients. MoneyGram’s […]

Meridian Corp. : Dependence on mortgage...

courtneyk/E+ via Getty Images Meridian Company (NASDAQ: MRBK) is highly dependent on mortgage bank income; therefore, the normalization of mortgage refinancing activity this year will significantly hurt earnings. On the other hand, loan growth, excluding Paycheck Protection Program loans, will support the bottom line. Overall I expect Meridian Corporation to report earnings of $3.94 per […]

Risks for the Saudi banking sector to re...

Despite prospects for rapid expansion over the next 12 to 24 months, risks to the stability of the banking system in the Kingdom of Saudi Arabia (Saudi Arabia) will remain contained, S&P Global Ratings said. “We expect the improvement in Saudi Arabia’s GDP growth and fiscal trajectory to continue, linked to the country’s exit from […]

Cybercriminals do their homework for the...

A new social engineering scam is doing the rounds, and this one is particularly insidious: tricking users into sending money to what they think is their own account to reverse a fraudulent charge. The FBI’s Internet Crime Complaint Center released the warning, which she claims involves cybercriminals who have definitely done their homework. “In addition […]

FHFA Suspends Foreclosure for Borrowers ...

United States: FHFA suspends foreclosure for borrowers seeking HAF assistance April 11, 2022 Mayer Brown To print this article, all you need to do is be registered or log in to Mondaq.com. On April 6, 2022, the Federal Housing Finance Agency (“FHFA”) announcement that Fannie Mae and Freddie Mac will […]

Notable commercial banking executives: M...

In 2021, Margaret Capper partnered with the Southeastern Wisconsin Latin American Chamber of Commerce to create a revolving loan fund that helps Latin American businesses borrow funds to start and grow their businesses. The loan fund allows entrepreneurs to borrow under the revolving loan program to advance their business goals. Capper, who is senior vice […]

Banking and financial fraud lawyers Giam...

UK: Banking and financial fraud lawyers Giambrone & Partners are recovering £25,000 for customers defrauded through a watchdog. April 08, 2022 Giambrone & Partners To print this article, all you need to do is be registered or log in to Mondaq.com. The latest report from Victims Commissioner states more than […]

Today’s SEC Review Priorities, Tomorrow’

To print this article, all you need to do is be registered or log in to Mondaq.com. To complement a series of quarter-end announcements from the U.S. Securities and Exchange Commission (SEC), the Examinations Division (Examinations) announcement its review priorities for 2022 on March 30, 2022. These priorities reflect SEC Chairman Gary Gensler’s stated view […]

Zopa Bank achieves profitability within ...

Zopa Bank achieves profitability within 21 months of obtaining its full banking license with a potential IPO on the cards later in the year Zopa Bank only obtained a full banking license in the summer of 2020 Before entering the banking sector, the group pioneered loans between individuals A recent £220m fundraise secured the company […]

Banking director urges prudent financial...

Ms. Ramat Ebella Ellis, Banking Executive called on African financial systems to integrate large players in the informal sector in the development of financial investment portfolios as a means of lifting people out of poverty. Ms. Ellis, an investment adviser at the Center for Greater Impact in Africa (CGIA), told Ghanaian news agency Tema Industrial […]

What are the banking implications?

What is authorized push payment fraud? Authorized push payment fraud, or APP fraud as it is often called, is a common type of fraud that occurs when the fraudster tricks the unwitting victim into asking their bank to often transfer large sums of money under false pretenses on the fraudster’s account. . The fraudster will […]

Gillibrand Reintroduces Postal Banking A...

WASHINGTON — Nearly one in five American adults don’t have a bank account or don’t have the type of account they should have access to, and Senator Kirsten E. Gillibrand is working to bring banking back to the Postal Service American. On Wednesday, Sen. Gillibrand, DN.Y., announced the reintroduction of her Postal Banking Act, which […]

Industry Trends, Share, Size, Demand – F

According to the latest report of the IMARC group, entitled “Core Banking Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market showed strong growth during the period 2015-2020. Basic banking software helps in processing day-to-day banking transactions, such as posting account updates. It also helps manage loans, open new […]

Sustainable banking is a necessity in Ne...

KATHMANDU, MARCH 26 FMO, a Dutch entrepreneurial development bank with more than 50 years of expertise in sustainable private sector investments in emerging markets, has worked since the late 1990s to empower Nepalese entrepreneurs by providing them with loans and outlets. of participation for the environmental and social management system. It took a stake in […]

Tax Exemptions for Offshore Fund Managem...

India: Tax Exemptions for Offshore Fund Management and Offshore Banking at IFSC|Union Budget 2022 March 23, 2022 King, Stubb and Kasiva To print this article, all you need to do is be registered or log in to Mondaq.com. Since 1991, India has made serious progress towards the policy of economic liberalization and […]

5G technology to stimulate the banking r...

BY BUSINESS REPORTERZIMBABWE’s financial services industry has an opportunity to tap into the multi-billion dollar tech market if it leverages the new 5G network in its digitization drive to increase efficiency, promote financial inclusion and prevent fraud , said an industry expert. Managing Director of Global Renaissance Investments, Ngoni Dzirutwe, said with the mobile sector […]

UK-based clearing and integrated banking...

ClearBank CEO Charles McManus | Image credit: ClearBank Based in London ClearBankthe UK’s largest next-generation integrated banking and clearing platform, announced on Monday that it has raised £175 million (nearly €208.41 million) in a new round of funding. The funding round was led by funds advised by Apax Digital, the growth equity arm of Apax. […]

Cash Management System Market Size, Scop...

New Jersey, United States,- the Cash Management System Market is carefully analyzed in the report with a focus on market dynamics including key issues and challenges, drivers, trends, and opportunities. The report includes an in-depth analysis of key market players to understand the utilization of the key strategies adopted in the Cash Management System market. […]

Lloyds Banking Group (NYSE:LYG) Price ta...

Lloyds Banking Group (NYSE: LYG – Get a rating) saw its price target reduced by stock analysts to JPMorgan Chase & Co. from GBX 63 ($0.83) to GBX 56 ($0.73) in a report released on Monday, Fly reports. Several other research analysts have also recently weighed in on LYG. Zacks Investment Research upgraded Lloyds Banking […]

Tech-based lenders bet on banking syaria...

JAKARTA, March 13 (The Straits Times/ANN): New tech-based lenders are enthusiastically tapping bank syariah in Indonesia, betting on an underpenetrated market with a potential customer base of 45 million in a country with the largest population Muslim in the world. The rate of such banking in Indonesia is only 7%, dwarfed by 29% in Malaysia […]

WV House Passes Bill That Would Allow Tr...

The country united states of americaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, Republic ofAzerbaijan, Republic ofBahrain, Kingdom ofBangladesh, People’s Republic […]

Russia sanctions extend further to banki...

Sanctions against Russia extended further to banking and hospitality on Thursday as US Treasury Secretary Janet Yellen warned of new financial sanctions against Moscow for its invasion of Ukraine. Meanwhile, Russian President Vladimir Putin has warned that Western sanctions against his country will destabilize global energy and food markets, promising his country will emerge stronger […]

Banking on women’s businesses to break d

March 8and, the world celebrates International Women’s Day. This year, the world is focused on marching to break down gender bias. However, as we enter the day, there are signs that celebrations should remain subdued as many women have recently suffered traumatic shocks to their economic circumstances, primarily due to COVID-19. Unfortunately, the industries that […]

Blocking of Mastercard and Visa in Russi...

Consumers will still be able to use Mastercard and Visa-branded cards for domestic transactions in Russia, the country’s state-backed payments network has said, reducing the impact of US companies’ decision to withdraw services following a the invasion of Ukraine. Russian payment system Mir said cardholders always be able to access their fundsmake domestic withdrawals and […]

I still plan to retire at 65 and am bett...

I don’t want the government telling me when I can retire, and I think by investing in UK stocks I can take the decision into my own hands. I count on the FTSE100 and FTSE250 to build the wealth I need to stop working at a time of my choosing. The legal retirement age is […]

Tijoree Launches Smart & Gamified Bankin

Tijorée simplifies payments and offers teens a convenient way to develop good financial habits. Tijoree’s market simulator and integrated learning platform empowers teens with financial literacy. by Tijoree Pre-order phase has begun, where parents and teenagers can pre-order their 100% recycled card. Tijorée is a product at the intersection of fintech and ed-tech that aims […]

Should value investors buy Lloyds Bankin...

OWhile Zacks’ proven rankings emphasize earnings estimates and revisions to estimates to find strong stocks, we also know that investors tend to develop their own individual strategies. With that in mind, we always look at value, growth and momentum trends to uncover great companies. Looking at the history of these trends, perhaps none is more […]

Western energy and banking giants pull o...

People line up to use an ATM in St. Petersburg, Russia, /Reuters/Anton Vaganov People line up to use an ATM in St. Petersburg, Russia, /Reuters/Anton Vaganov Energy giant BP, global bank HSBC and the world’s largest aircraft leasing company AerCap joined a growing list of companies seeking to leave Russia on Monday as Western sanctions […]

Finary wants to reinvent private banking...

french startup Final raised a $9 million (€8 million) Series A funding round. The company has built a comprehensive aggregator so that wealthy individuals can get the complete picture when it comes to wealth tracking. And that means Finary is not limited to bank accounts. You can track many assets, from real estate to cryptocurrencies […]

FV Bank launches API to give fintechs di...

FV Bank, the US-licensed global digital bank that offers a vertically integrated suite of traditional and digital banking and asset custodial services to fintech and blockchain companies, has introduced its first application programming interface (API) to advance banking automation and integration for its customers’ operations. FV Bank’s new API will provide multiple benefits to corporate […]

Business News | Stock and Equity Market...

Search mutual fund quotes, news, net asset values CDS INE467B01029, SDC, 532540 Adani Wilmar INE699H01024, PUNCH, 543458 ICICI Bank INE090A01021, ICICIBANK, 532174 Adani Power INE814H01011, ADANIPOWER, 533096 TataTeleservice INE517B01013, TTML, 532371 […]

Banking, a sector that is quick to emerg...

Profits hit a record high just a year after the Covid-19 pandemic brought economic activities to a halt. [iStockphoto] Winston Churchill made a famous observation during the darkest days of World War II: Never let a good crisis go to waste. For Kenyan banks, this rings true. It has become an industry that recognizes a […]

The CFPB issues a request for informatio...

United States: CFPB issues request for information regarding unwanted charges February 18, 2022 Goodwin Procter LLP To print this article, all you need to do is be registered or log in to Mondaq.com. On January 26, 2022, the Consumer Financial Protection Bureau (CFPB) issued a request for information regarding fees charged by […]

Barclays has issued a warning on the mob...

The alert, posted on February 12, 2022, warns customers of a scam whereby people could receive a text message containing a one-time access code (OTP) for payment to UK retailer Currys. The alert asks customers not to answer or to call the number given in the message. These scams attempt to steal funds from victims’ […]

Internet banking is thriving | The star...

The shift from manual banking to its digital means is certainly not a new phenomenon for the banking industry in Bangladesh. But the advent of the coronavirus pandemic has caused customers from all walks of life to focus on online banking to reduce the risk of contracting the deadly flu. Transactions through online banking stood […]

The Fed can’t get a head start

New rules the Federal Reserve released in October to crack down on stock trading by board governors, regional presidents and senior executives seemed like a neat little bow to address a then-burgeoning scandal that, less than a month earlier had played a role in the resignation. leaders of the central bank’s Boston and Dallas satellites. […]

UBA’s Leo, 4 years constantly changing t

Artificial Intelligence (Ai) is the “hot thing” now. Indeed, globally, the hype around artificial intelligence continues to accelerate, with the end goal being to simplify conversations and processes. But if you still have doubts, ask United Bank for Africa (UBA). Thanks to Leo, its flagship chatbot Ai, which recently turned four years old, the pan-African […]

Cannabis banking legislation passes the ...

Legislation allowing banks to offer credit cards, checking accounts and other financial services to legal cannabis businesses passed the US House on Friday, the sixth time the Democratic-controlled chamber has approved such a measure. the Secure and Fair Enforcement, or SAFE Banking Act was included in legislation providing federal assistance to help US manufacturers better […]

Here’s why SoFi’s banking charter could

Ftechnological disruptor SoFi (NASDAQ: SOFI) officially received regulatory approval to become a bank. At first glance, that doesn’t seem to change much, as SoFi already offers loans, fund management accounts, and many other features you might expect from a bank. However, in this crazy live Video clip, recorded on January 20Fool.com contributors Matt Frankel and […]

Instant banking

Major progress has been made recently towards a ‘digital Pakistan’, particularly with regard to the banking sector. As part of the Raast program, a digital payment system, the State Bank of Pakistan has asked all banks to introduce free person-to-person (P2P) transfers to move funds instantly, free of charge and in encouraging the habit of […]

Truist financial analysts raise earnings...

Seacoast Banking Co. of Florida (NASDAQ:SBCF) – Equity analysts Truist Financial raised their third-quarter 2022 earnings per share estimates for shares of Seacoast Banking Co. of Florida in a report released Monday, January 31. Truist Financial analyst Young now expects the financial services provider to post earnings of $0.53 per share for the quarter, up […]

The press release modifying the press re...

The Communiqué amending the Communiqué on compliance with interest-free banking principles and standards (“Amendment Communicated”) as well as the Communiqué on the procedures and principles relating to the information of customers and the public within the framework of the principles and standards of interest-free banking (“Communicated”) prepared by the Banking Regulation and Supervision Agency (“BRSA”) […]

Lloyds Banking Group plc (NYSE:LYG) Shor...

Lloyds Banking Group plc (NYSE: LYG) benefited from a significant drop in short interest during the month of January. As of January 15, there was short interest totaling 6,150,000 shares, down 31.7% from the December 31 total of 9,000,000 shares. Based on an average daily volume of 7,830,000 shares, the day-to-cover ratio is currently 0.8 […]

Lloyds Banking Group plc (NYSE:LYG) rece...

Shares of Lloyds Banking Group plc (NYSE:LYG) have been given an average rating of “Buy” by the seventeen analysts who currently cover the stock, Marketbeat.com reports. Five investment analysts rated the stock with a hold recommendation and twelve gave the company a buy recommendation. A number of brokerages have recently commented on LYG. Exane BNP […]

All the banking transactions you can do ...

g-stockstudio / Shutterstock.com There really are very few things you still need to go to a bank to do. Most of your day-to-day banking can take place wherever you are, thanks to your phone. Banking and credit union apps are getting really sophisticated, and even if a feature isn’t available from an app, you can […]

Bank of America awards $1 million to St....

Bank of America has provided a $1 million grant to St. Petersburg College (SPC) to support internships for financially challenged students to achieve career goals and students of color. The college is expected to place at least 500 students in high-paying, in-demand career positions. The college intends to build a sustainable talent pool by developing […]

Find out why Priority Banking is good fo...

In the age of hustle culture, family dynamics have undergone a dramatic change. Spending quality time with loved ones needs to be planned, and the norm of cutting slabs on the Google calendar to catch up with them no longer feels weird. Even when you are able to make time for your family, more often […]

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 […]

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 […]

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 […]

Brac Bank reaches milestone of 700 banki...

Brac Bank passed the 700 milestone by opening 705 agent banking outlets as the rapid expansion of the network across the country continues. It now serves 1.40 lacs of unbanked people, mostly in rural and semi-urban parts of the country, with the chain’s rural penetration reaching the highest level in the industry at 77%. The […]

Analysts expect Columbia Banking System,...

Analysts expect Columbia Banking System, Inc. (NASDAQ:COLB) to report sales of $164.60 million for the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for Columbia Banking System, with the highest sales estimate of $167.30 million and the lowest estimate of $161.90 million. Columbia Banking System posted sales of $154.67 million in the same […]

Tax Department releases rules on calcula...

NEW DELHI: The Income Tax Department has issued new rules on the calculation of tax-exempt income of offshore banking units set up in an international financial services center. The 2022 Income Tax (First Amendment) Rules, released on Friday, establish the formula for calculating the income of a fund created by the investment division of an […]

SCB publishes rules for electronic issua...

Riyadh — The Central Bank of Saudi Arabia (SAMA) has announced the publication of rules governing the electronic issuance and verification of the authenticity of bank documents. This is part of its ongoing efforts to improve the quality and efficiency of electronic services provided to banking customers. The aim is to facilitate financial transactions, save […]

Disposals of telecommunications assets a...

United States: Disposals of telecommunications assets are “Lumen” (podcast) January 11, 2022 Levine, Blaszak, Block & Boothby To print this article, simply register or connect to Mondaq.com. Lumen Technologies recently announced two major business divestitures that could earn them $ 10 billion in revenue and help the company refocus its strategy. In the first sale, […]

Westpac Banking (NYSE: WBK) stock rating...

Westpac Bank (NYSE: WBK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “conservation” rating in a research note issued to investors on Friday, Zacks.com reports. According to Zacks, “Westpac Banking Corp. provides a wide range of banking and financial services. The company provides general banking services to retail, commercial and […]

A new cryptocurrency exchange to compete...

A new cryptocurrency exchange seeks to compete with the traditional banking system by providing features to help crypto investors carry out all of their activities on the platform. The exchange, named IXFI, launched in early December 2021 and is accessible to users around the world. The company has obtained an operating license in Estonia and […]

Fed rate hike on cards: bank ETFs likely...

Investors have been paying more attention to the banking sector lately, given the improvement in its performance over the past year. The S&P Banks Select Industry Index has jumped 35.7% in the past year compared to the 26.1% rise of the larger S&P 500 index. Several factors work in favor of space. The Federal Reserve […]

Taipei Fubon Bank chooses Avaloq to deve...

Taipei Fubon Bank, one of Taiwan’s largest commercial banks, has partnered with Avaloq to create a state-of-the-art wealth management platform for its private banking business in Hong Kong, Singapore, as well as on land, in Taiwan. In order to develop a scalable and integrated solution for its growing private banking business, the bank is partnering […]

Open banking opportunity involves data, ...

Open banking can be seen as a buzzword in the banking and payments industries. It promises new products and innovations that everyone can benefit from – banks, FinTechs, consumers and traders. But open banking is more than a product or a service; it is a choice (regulatory or dictated by the market) that allows a […]