bank

Fed Chair Powell Testifies In Senate Banking Hearing

Federal Reserve and European Central Bank Aim for Major Interest Rate Cuts in 2024, Says BIS Chief

Federal Reserve and European Central Bank are set for major interest rate cuts, with BIS Chief Carstens noting progress in addressing inflation while cautioning central bankers to remain vigilant.

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funds

Singapore: Company Founded by Teen Hit With Penalty for Receiving Scam Funds

A firm established by an 18-year-old was fined $50,000 for receiving $1.5 million fraud money in a bank account.

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UBS

UBS Starts Slashing Asia Private Banking Positions as Earnings Fall: Report

UBS reportedly began cutting off Asia private banking personnel as the largest wealth manager in the region struggled with declining revenues.

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THAILAND-FINANCE-CURRENCY-BAHT

Thailand’s Biggest Bank Closes A $860 Million Deal With Home Credit Vietnam

SCB X's acquisition of Home Credit's business in Vietnam for US$860 million will help its regional presence in a tech-savvy population.

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Singapore's Biggest Bank DBS Cuts CEO’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

Singapore's Biggest Bank DBS Cuts Ceo’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

DBS, the largest bank in Singapore, reported record earnings for the year 2023 but cut the variable pay of its CEO and other top executives.

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HSBC

HSBC Hit With $73 Million Fine by UK Watchdog for Deposit Protection Failings

The Bank of England fined HSBC £57.4 million ($72.8 million) for "serious failings" in customer money protection.

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People's Bank of China

China Is Lowering Reserve Requirements for Banks to Bolster Slowing Economy

China will reduce its banks' liquidity reserves at the start of next month to boost its struggling economy.

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Metro Bank Shareholders to Make Crucial Vote on Rescue Deal in Bid to Secure Bank's Future

Metro Bank Shareholders to Make Crucial Vote on Rescue Deal in Bid to Secure Bank's Future

Metro Bank shareholders are facing a pivotal decision as they vote on a rescue deal crucial to the bank's future.

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Impact Measurement Tool Introduced By UK Impact Investment Bank

UK Impact Investment Bank Launches Impact Measurement Tool

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Demonetization Causes Currency Crisis, Badly Affects Different Sectors

Prime Minister Narenda Modi had scrapped off the Rs 500 and Rs 1,000 notes, hurting different sectors of the economy. The move resulted to decreased sales and slowed operations on sectors like automobiles, tourism, banking and e-commerce.

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Axis Bank MD And CEO Shikha Sharma Predicts Retail And SME Sectors As The Next Bubbles

Reports have foreseen that retail and sme sectors will be the next bubbles.

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TD Ameritrade - TD Bank Deal Is At Close To Scottrade Deal

The deal between TD Ameritrade and Bank Deal is almost near to the scottrade deal.

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2016 Bank of America Chicago Marathon Commences; Chumba, Kiplagat Aims to Defend Titles

Men and Women came to join again the said marathon to defend their titles and to be the best of the best.

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$400M forfeited by Wells Fargo

Wells Fargo is at the middle of big scandal right now as it is being investigated by board and senate.Answers several authority inquiry.

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Wells Fargo Settled $1.2 Billion Over Bad Housing Loans Secrecy

As settlement for hiding bad loans and house desolation, Wells Fargo will pay $1.2 billion. The bank lender admitted of cheating the government by insuring thousands of risky mortgages although they are not eligible.

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