Banks (Finance)
High street banks across the UK have seen a staggering £100bn in savings disappear as more customers switch to online lenders and building societies, a trend that experts warn will continue to put pressure on the banking sector. The traditional banks' market share in deposits has dropped from 84%
Banks (Finance)
An arrest in Bangkok has uncovered a significant bank account scam, leading to substantial financial losses. Surayut Kungseng, a 25-year-old man, was arrested for selling his bank accounts for 3,000 baht each, which were later used in fraudulent activities causing financial damage exceeding 11 million baht. The operation was
Banks (Finance)
The National Bank of Macedonia's Executive Board meeting on July 29, 2025, reviewed the latest economic data and financial market developments, deciding to keep interest rates unchanged. The interest rate on treasury bills remains at 5.35%, and interest rates on overnight and 7-day deposits stay at 3.
Banks (Finance)
Cyprus has finalized the signing of the second tranche of a Pound 200 million loan agreement with the European Investment Bank (EIB), securing an additional Pound 100 million to fund road infrastructure and sustainable transport projects across the island. This move is part of a broader Pound 400 million national
Banks (Finance)
Seylan Bank has continued its commitment to supporting the country's small and medium enterprises (SME) sector through a series of regional development forums and programs. These initiatives aim to enhance inclusivity, amplify financial literacy, support entrepreneurship, and reinforce the capacity of SMEs, aligning with the Bank's
Banks (Finance)
Jesse El-Ghoul, a 31-year-old Leominster man, has been indicted by a federal grand jury in Boston for allegedly stealing $1,355,863 by depositing a forged tax refund check and laundering the money through shell companies and real estate transactions. El-Ghoul owned and operated Affordable Motor Group in Leominster and
Banks (Finance)
The Ghana National Chamber of Commerce and Industry (GNCCI) has praised the Bank of Ghana (BoG) for its decision to lower the Monetary Policy Rate (MPR) by 300 basis points, from 28 per cent to 25 per cent. The reduction is expected to provide relief to the private sector and
Banks (Finance)
Bank of Marin Bancorp, the parent company of Bank of Marin, announced a net loss of $8.5 million for the second quarter of 2025, compared to net income of $4.9 million in the first quarter of 2025. The loss was primarily due to the sale of available-for-sale securities,
Banks (Finance)
Qatar Islamic Bank (QIB) has announced its financial indicators, providing a snapshot of the bank's performance as of July 31, 2025. The data, released through the Qatar Stock Exchange (QSE), reveals key financial metrics that are crucial for investors and stakeholders assessing the bank's market standing.
Banks (Finance)
A recent press release issued by the Hong Kong Monetary Authority has alerted the public to a fraudulent website, mobile application, and phishing instant messages scam targeting users of Welab Bank Limited's website and internet banking platforms. The scam involves fake websites, internet banking login screens, and phishing
Banks (Finance)
In recent years, online banking has become a popular option for many Canadians due to its convenience and cost-effectiveness. However, a surprising limitation of online banking is emerging as a critical issue for home buyers: its inability to facilitate the necessary large money transfers required for purchasing a home. According
Banks (Finance)
Boubyan Bank has successfully upgraded its iMAL core banking system, enhancing customer experience and operational efficiency through Azentio's AAOIFI-certified Islamic banking platform. The upgrade has led to a 52.5% reduction in salary posting time, a 15% increase in CPU efficiency, and an over 80% decrease in database
