Banks (Finance)
The recent cancellation of a credit card issued by Banco do Brasil (BB) marked the first known consequence of applying the Magnitsky Act to Federal Supreme Court Justice Alexandre de Moraes. The move has reignited debate over the scope of the measure and the risks it poses for financial institutions.
Banks (Finance)
Financial Crimes Squad detectives have charged three men in connection with a complex bank card scam that allegedly involved a postal service employee stealing bank cards from a mail delivery network and supplying them to organised criminals. The operation, known as Strike Force Rubi, was established to investigate the theft
Banks (Finance)
The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited's Senior Unsecured Floating Rate Notes due 31 January 2037, under its Structured Note Programme. The issue date for the Notes is 21 August 2025, with a nominal amount of ZAR200,000,000.
Banks (Finance)
Moody's Investors Service has announced the affirmation of Woori Bank's A1 foreign currency bank deposits and senior unsecured debt ratings, with the stable outlooks maintained on the ratings. This decision reflects the bank's stable credit profile, supported by its good capital buffers, sound funding,
Banks (Finance)
Mastercard and First Abu Dhabi Bank (FAB) have launched five new credit cards in just six months, marking a significant milestone in the cards market. The collaboration between the two companies reflects their shared ambition and customer-first approach, resulting in cards that cater to the diverse needs and interests of
Banks (Finance)
Alaska Airlines has revamped its loyalty program, AtmosRewards, and launched a new premium credit card in partnership with Bank of America. The AtmosRewards Summit Visa Infinite card offers exclusive benefits, flexibility, and value, making it an attractive option for cardholders who frequently travel. With this new card, Alaska Airlines aims
Banks (Finance)
Quad/Graphics, Inc., a marketing experience company, has announced the addition of Flagstar Bank, one of the largest regional lenders in the country, to its syndicate of premier lenders. This move brings an increase of $20 million in the aggregate outstanding principal amount of Quad's Term Loan A
Banks (Finance)
Qatar Islamic Bank has released its recent financial indicators, providing critical metrics for investors and market analysts to evaluate the bank's market performance. The disclosed metrics, including dividend yield, price-to-book value (P/B.V), and price-to-earnings (P/E) ratio, offer a comprehensive view of the bank's
Banks (Finance)
Compounding interest has a significant impact on your financial returns, allowing interest to become part of the principal and earn interest in return. The effect is magnified when interest rates are high, compounding cycles are frequent, and tenors are long. Understanding this concept can help you negotiate better terms and
Banks (Finance)
Moody's Investors Service has taken a bold step in upgrading the local and foreign-currency long-term deposit ratings of five Pakistani banks: Allied Bank Limited (ABL), Habib Bank Ltd. (HBL), MCB Bank Limited (MCB), National Bank of Pakistan (NBP), and United Bank Ltd. (UBL). The ratings were upgraded to
Banks (Finance)
The Standard Bank of South Africa Limited has successfully listed its SBC197 Senior Unsecured Floating Rate Notes on the Johannesburg Stock Exchange (JSE), marking a significant milestone in the bank's Structured Note Programme. This latest issuance, with a maturity date of January 31, 2037, adds to the programme&
Banks (Finance)
The Johannesburg Stock Exchange has granted a listing to The Standard Bank of South Africa Limited's Senior Unsecured Mixed Rate Notes due 31 January 2040. The notes have a total value of ZAR118,751,247,461.59 and were issued under the bank's Structured Note Programme.
