Banks (Finance)
Cambridge Wilkinson, a leading global investment bank, has announced the successful closure of the sale and purchase of a consumer home improvement loan portfolio valued at over $80 million. The transaction marks a significant development in the private credit markets, where alternative asset managers and private credit groups are filling
Banks (Finance)
The Civil Police of Piaui carried out Operation Hard Reset, a coordinated effort with the Civil Police of Goias, to dismantle a transnational cybercrime organization that had been hacking into judicial systems and committing financial crimes. The investigation began after a Piaui magistrate's institutional credentials were hacked, allowing
Banks (Finance)
Global investment banks, including JP Morgan and Goldman Sachs, have revised their forecasts for Korea's economic growth in 2025, citing improving economic indicators and fiscal stimulus. The banks' revised forecasts range from 0.6% to 1.2%, driven by strong exports and a rebound in manufacturing. Despite
Banks (Finance)
Nigeria's non-performing loan (NPL) market has surged in recent years, with total bad debt exceeding N1.57 trillion as of 2024. Despite this, the country's banks remain profitable and well-capitalized, with the average NPL ratio still manageable. However, the growing stock of bad loans poses a
Banks (Finance)
In a move that comes as no surprise, the Reserve Bank of India (RBI) has decided to maintain the policy interest rate at 5.5%, following its latest Monetary Policy Committee (MPC) meeting held from August 4 to 6. This decision means that the repo rate will remain unchanged, providing
Banks (Finance)
Prime Minister Shehbaz Sharif has instructed the authorities to simplify and expand access to low-cost agricultural loans for small and medium-scale farmers, a move aimed at boosting agricultural productivity and ensuring economic dignity for the country's rural backbone. The prime minister emphasized the need to provide easier access
Banks (Finance)
The National Islamic Bank's shares saw a notable decline of 4.99% in their value on August 6, 2025, with the reference price falling from 5,576.00 to 5,298.00. The trading session was characterized by strong selling pressure, with a bid volume of zero and
Banks (Finance)
Industrialist Anil Ambani appeared before the Enforcement Directorate (ED) in New Delhi, summoned for questioning as part of its money laundering probe into a Rs 3,000 crore bank loan fraud involving companies of the Reliance Anil Dhirubhai Ambani Group. The probe agency is investigating allegations of illegal diversion of
Banks (Finance)
A new study conducted by researchers from Universitas Islam Negeri has shed light on the determinants of profitability in Islamic banking across five Association of Southeast Asian Nations (ASEAN) countries. The research, published in Maliki Islamic Economics Journal, utilized panel data regression to examine the relationship between Return on Assets
Banks (Finance)
The Trump administration is reportedly drafting an executive order to punish big banks for allegedly discriminating against conservative customers. A draft of the order, seen by the Wall Street Journal, directs regulators to investigate financial institutions for breaching the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.
Banks (Finance)
The Bank of Cyprus has announced the distribution of an interim dividend of Pound 0.20 per ordinary share, totaling Pound 87 million and representing approximately 40% of the group's adjusted recurring profitability for the six-month period ending June 30, 2025. This payout reflects the bank's
Banks (Finance)
The world of international trade is on high alert as the US approaches its latest tariff deadline, with key deadlines set for Thursday and Friday. The major consequences of the US tariffs will be felt across the globe, particularly in China, India, Russia, and Ukraine. Meanwhile, the Bank of England
