Banks (Finance)
President Trump's efforts to politicize the Federal Reserve Board and influence interest rates have sparked concerns about the future of monetary policy in the United States. Trump's intentions are clear: he wants to use the Fed to boost the housing market and other interest rate-sensitive parts
Banks (Finance)
The Central Bank of Nigeria (CBN) has recently set up a new Compliance Department to oversee various aspects of financial regulations, aiming to strengthen the banking sector and enhance supervisory capabilities. The department, led by Director Olubunmi Ayodele-Oni, began operations in the second quarter of 2025 and will handle areas
Banks (Finance)
The latest reforms in Goods and Services Tax (GST) are poised to boost credit demand, particularly in the retail and micro, small, and medium enterprises (MSME) segments. Bankers anticipate increased consumption activity, working capital needs, and private capital expenditure driving demand. The GST framework revamp, including a cut in tax
Banks (Finance)
The Office of the Comptroller of the Currency (OCC) terminated its 2022 consent order against a national bank on August 18, citing the bank's effective remediation and governance efforts. The order, issued under the Bank Secrecy Act and related anti-money laundering regulations, required the bank to implement corrective
Banks (Finance)
NDB Bank, in collaboration with the Sri Lankan Government, has launched the SME Re-Energizer Loan to support the growth ambitions of Micro, Small and Medium Enterprises (MSMEs) and start-ups. This timely initiative underscores NDB's commitment to empowering entrepreneurship and enabling businesses that form the backbone of the national
Banks (Finance)
Environ, a renowned provider of secure identity solutions, has joined forces with leading Nigerian banks, FinTechs, and Telcos to create the Fraud Prevention Readiness Consortium (FPRC). This innovative project aims to combat financial fraud and identity theft by testing and validating Environ's finger vein authentication subscription platform. The
Banks (Finance)
Jordan Islamic Bank, a prominent banking institution, witnessed a significant movement in its stock price on September 8, 2025. The bank's share, listed under the symbol JORDAN ISLAMIC BANK (JOIB) on the designated market category 1, saw a price fluctuation of -0.03 JD from its opening price
Banks (Finance)
Reps. Warren Davidson and Jim Banks led 84 colleagues in sending a letter to the Treasury Department, FinCEN, National Economic Council, and President Donald Trump, urging them to exempt U.S. businesses from the Corporate Transparency Act's (CTA) Beneficial Ownership Information (BOI) reporting requirements. The lawmakers argue that
Banks (Finance)
Xero, a global small business platform, and RHB Banking Group, a leading bank in Malaysia, have partnered to provide Malaysian small and medium enterprises (SMEs) with seamless daily access to financial data through a fully digital API-enabled bank feed. This integration enables SMEs to automatically import data from their RHB
Banks (Finance)
The Saudi National Bank, traded under the symbol 1180, has maintained a stable lending activity, according to the latest figures from the Saudi Exchange. As of the market date on September 8, 2025, the bank had a total issued shares quantity of 6.00 billion, with only 201,150 shares
Banks (Finance)
The Bhubaneswar Municipal Corporation (BMC) has taken a significant step to alleviate financial burdens on beneficiaries of affordable housing schemes under Pradhan Mantri Awas Yojana (Urban) 2.0. In collaboration with a private sector bank, the BMC aims to provide housing loans to 600 allottees who have been sanctioned houses
Banks (Finance)
A comprehensive investigation by the Enforcement Directorate (ED) into a bank fraud case has uncovered a massive scam involving alleged gold loans worth Rs 2.6 crore sanctioned by UCO Bank. The accused, Gundu Kelvekar and Hemant Raikar, are accused of taking loans from multiple public sector banks and even
