Banks (Finance)
Senate Banking Committee Chairman Sen. Tim Scott (R-South Carolina) expressed concerns over the Federal Reserve's (Fed) transparency and handling of bank supervision during a June 25, 2025, hearing. Scott criticized the Fed for implementing policies that prioritize luxury upgrades over supporting struggling American families. He also emphasized the
Banks (Finance)
As BankUnited Inc. prepares for a leadership change, longtime CFO Leslie Lunak has announced her retirement, effective January 1, 2026. James G. Mackey, a seasoned business executive with extensive experience as a CFO, will join the company as Senior Executive Vice President and assume the role of CFO on November
Banks (Finance)
Marquette National Corporation, a diversified bank holding company, has declared a cash dividend of $0.31 per share. The dividend will be payable on October 1, 2025, to shareholders who are on record as of September 19, 2025. This move reflects the company's commitment to returning value to
Banks (Finance)
Sen. Elizabeth Warren, D-Massachusetts, delivered a scathing opening statement at a June 25, 2025, hearing on the semiannual monetary policy report to the Congress, criticizing President Trump's economic agenda and its impact on the middle class. Warren argued that Trump's policies, including chaotic trade policies, massive
Banks (Finance)
At a time when many households in Sri Lanka grapple with uncertainty, interest rate fluctuations, and affordability concerns, DFCC Bank has introduced a groundbreaking 20-year fixed interest rate home loan, offering long-term financial stability and deeply human-centred support to homebuyers. This unprecedented product provides a sense of permanence that is
Banks (Finance)
Lloyds Banking Group PLC announced a 15% increase in its dividend ahead of its half-year earnings growth, confirming its full-year guidance and citing strategic progress and strong capital generation. Despite a relatively high interest rate environment in the UK posing a threat to consumer spending, the bank's pretax
Banks (Finance)
Liberia, in a bid to address its youth employment crisis, has officially launched a Youth Entrepreneurship Investment Bank (YEIB) in partnership with the African Development Bank Group. The launch, attended by President Boakai and the outgoing President of the African Development Bank Group, Dr. Akinwumi A. Adesina, aims to provide
Banks (Finance)
The Lloyds Banking Group, which includes Lloyds Bank, Halifax, and Bank of Scotland, announced a pre-tax profit of £3.5 billion for the first half of the year, a 5% increase from the same period last year. This surpasses the £3.2 billion expected by analysts. The group's
Banks (Finance)
Commercial banks in Nigeria exceeded the 5 percent regulatory limit for non-performing loans (NPL) in April 2025, marking an increase from only six banks a year earlier. The industry-wide NPL ratio rose to 5.62 percent due to loan reclassifications following annual risk assessments. The Central Bank of Nigeria (CBN)
Banks (Finance)
The State of Florida's Office of the Attorney General, led by Attorney General James Uthmeier, has announced the successful takedown of a massive $8.8 million bank fraud ring targeting senior citizens. The investigation revealed a well-organized operation that involved three bank employees in Maryland sharing and selling
Banks (Finance)
5C, a next-generation AI infrastructure and data center solutions provider, has successfully secured $835 million in capital to fuel its rapid growth and accelerate the development of state-of-the-art data centers and scalable AI infrastructure across North America. The funding includes equity financing led by Brookfield Asset Management and debt financing
Banks (Finance)
ABSA Bank Limited, a major financial institution, has successfully listed its "AMB504" notes on the Johannesburg Stock Exchange (JSE) under its Master Structured Note Programme Memorandum. The newly listed instrument is designed to track the S and P 500 Daily Risk Control 10% USD Excess Return Index, providing
