Banks (Finance)
Ghana's small and medium-sized enterprises (SMEs) make up more than 90% of businesses, providing over 70% of jobs, yet face significant barriers to access finance. The International Finance Corporation (IFC) estimates the global SME finance gap exceeds $5.7 trillion, with Ghana's case reflecting global challenges
Banks (Finance)
Banks in India can expect their credit growth to pick up in the second half of fiscal year 2026, with a projected increase to 12% for the entire year. Retail credit is expected to be the primary driver of this growth, while corporate loans are anticipated to grow at a
Banks (Finance)
The Bank of Punjab (BOP) held a corporate briefing for brokerages, research analysts, and market participants to share its half-yearly and annual financial performance. The session highlighted the bank's resilience and growth, with a focus on its business strategy and operational execution. Operating profit grew by 278% during
Banks (Finance)
The Economic and Financial Crimes Commission (EFCC) has launched a probe into suspicious transactions at Providus Bank, following an alert from an internal whistleblower. The investigation revealed that $7 million was deposited into the bank's vaults in raw currency on March 26 and 27, 2025, sparking suspicion of
Banks (Finance)
Standard Bank Namibia's Corporate and Investment Banking division has offered Swakop Uranium a tailored foreign exchange (FX) risk management solution to mitigate the company's exposure to fluctuations in the USD/NAD exchange rate. Swakop Uranium, a key supplier of uranium for low-carbon nuclear energy, operates the
Banks (Finance)
Philippine authorities have frozen 135 bank accounts and 27 insurance policies of 26 individuals involved in alleged anomalous government flood control projects in Bulacan. The move is part of a broader effort to combat corruption and money laundering in the country. According to the Anti-Money Laundering Council (AMLC), the assets
Banks (Finance)
Holders of the ALETNC, ALETCN, and ALETNQ exchange-traded notes (ETNs) issued by FirstRand Bank Limited are advised that Alphabet Inc's Class A dividend payout has been synthetically reinvested, resulting in an increase in the fractional number of shares each ETN references. This update affects the daily published net
Banks (Finance)
The Bank of Thailand (BOT) Governor, Dr. Sethaput Suthiwatnarueput, recently apologized for suspending mule accounts, citing concerns over Thailand's weakening fiscal stability and potential credit rating downgrade. He acknowledged discussions on taxing online gold trading to alleviate pressure on the baht, but no conclusions have been reached. The
Banks (Finance)
A special trial court in India has rejected a discharge plea made by Satyan Tandon, an accused in the 2020 Yes Bank fraud case, citing complex issues and the need for a trial on merit. The court observed that Tandon's defense against allegations of his active role in
Banks (Finance)
United States Attorney Pete Serrano announced the conviction of Tawhnee Willow Colvin, former Assistant Director of the Spokane Tribe of Indians' Department of Health and Human Services and Division of Child and Family Services (DCFS), for bank fraud and embezzlement. Colvin abused her position of trust to make over
Banks (Finance)
A jury's guilty verdict in a conspiracy to commit bank and wire fraud case has led a court to order the forfeiture of $493,994.54, with the government arguing that the defendant's scheme was inherently illegal and therefore an "illegal service" rather than
Banks (Finance)
Canada's consumer price index (CPI) rose 1.9 per cent year-over-year in August, according to the latest data from Statistics Canada. This increase is attributed to higher prices for meat and clothing. The CPI had increased 1.7 per cent in July. The Bank of Canada notes that
