Banks (Finance)
The country's largest bank, State Bank of India (SBI), has hiked home loan interest rates by 25 basis points (bps), taking the upper limit to 8.70%. This move comes ahead of the RBI's Monetary Policy meeting, where the repo rate remained unchanged at 5.55%
Banks (Finance)
On August 17, 2025, National Islamic Bank (NIB) shares on the Damascus Securities Exchange (DSE) experienced a considerable decrease in value, classified as a very large or significant move. The trading day began with an initial price of 4,544.00, reaching a peak at 5,022.00 and a
Banks (Finance)
Citi has strongly endorsed Centrica's acquisition of a 50% stake in National Grid's Grain liquefied natural gas terminal, deeming the deal a "good value" for the UK energy company. The £1.48 billion purchase, valued at £1.1 billion in project finance and £200
Banks (Finance)
Apple's recent dividend payment has prompted an update for holders of the APETNC, APETCN, and APETNQ exchange-traded notes issued by FirstRand Bank Limited. Consistent with the published guidance, Apple's $0.26 per share dividend was synthetically reinvested into the ETNs after deducting all applicable taxes, charges,
Banks (Finance)
Congressional Democrats, led by Senators Chris Van Hollen and Sheldon Whitehouse, have written a letter to Environmental Protection Agency (EPA) Administrator Lee Zeldin, warning that the Administration is violating the law by terminating $27 billion in congressionally obligated funding for affordable clean energy. The funding was allocated through the Greenhouse
Banks (Finance)
HDFC Bank, India's largest private bank, has made significant changes to its fees and charges for savings, salary, and non-resident (NR) accounts. The new changes, effective from August 1, 2025, impact cash transaction limits, cheque book issuance, IMPS and NEFT payments, as well as certain branch-based services. The
Banks (Finance)
The People's Bank of China has taken several significant steps in 2025 to adjust its monetary policy, aiming to stabilize the economy and promote financial support for key areas. The bank raised the macro-prudential adjustment parameter for cross-border financing and lowered the re-lending rate for supporting agriculture and
Banks (Finance)
Moody's has affirmed all ratings and assessments of Investec plc and Investec Bank plc, including the Baa1 long-term issuer rating for Investec and the A1 long-term bank deposit ratings for Investec Bank. The outlooks on Investec's long-term issuer and senior unsecured debt ratings remain positive, while
Banks (Finance)
On August 15, 2025, Prudential Investment Bank Limited, denoted by the symbol PRIB, witnessed significant trading activity on the Pakistan Stock Exchange. The stock's movement was classified as a "Big move," indicating a notable change in the market pricing of Prudential Investment Bank Limited. Market participants
Banks (Finance)
The Federal Executive Council has approved a $125 million loan from the Islamic Development Bank to fund Abia State's Integrated Infrastructure Development Project. This approval is a crucial step towards achieving the state's infrastructure ambitions, said Mr. Ukoha Njoku, Chief Press Secretary to Governor Alex Otti.
Banks (Finance)
United States Attorney Lesley A. Woods announced the sentencing of Ronnie James Colvin, III, 22, of Omaha, Nebraska, for conspiracy to commit bank fraud, robbery, and brandishing a firearm during a crime of violence. Colvin was sentenced to 126 months' imprisonment, followed by a 4-year term of supervised release,
Banks (Finance)
The National Financial Ombud Scheme (NFO) has reported a significant increase in digital banking fraud complaints, with a staggering 73% year-on-year rise from January to May 2024 and 2025. The surge in complaints reflects the growing adoption of virtual cards, which offer enhanced convenience and security but are not immune
