Banks (Finance)
Bank of America, one of the world's leading financial institutions, has taken a significant step to reward its shareholders by increasing its common stock dividend to $0.28 per share, an 8% increase from the previous quarter. The company has also authorized a new $40 billion stock repurchase
Banks (Finance)
Alinma Bank, a major financial institution in the Kingdom of Saudi Arabia, has decided to distribute a cash dividend to its shareholders for the second quarter of 2025. The dividend, amounting to 746,160,098 Saudi riyals, represents 3% of the nominal value of one share. Shareholders who own shares
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)
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)
Cathay General Bancorp, the parent company of Cathay Bank, has announced its unaudited financial results for the quarter ended June 30, 2025. The Company reported net income of $77.5 million, or $1.10 per diluted share, a significant increase of $8.0 million, or 11.5%, compared to the
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
Banks (Finance)
Arab National Bank's Board of Directors has made a decision to distribute an interim cash dividend to its shareholders for the first half of 2025. This move reflects the bank's commitment to delivering value to its shareholders by distributing a total amount of 1.29 billion
Banks (Finance)
Minutes from the Reserve Bank's early July meeting showed a divided committee, with members disagreeing on the timing and extent of further interest rate easing. Despite all nine members agreeing that interest rates would eventually fall, the focus was on the economic data, particularly jobs growth and productivity,
Banks (Finance)
Standard Bank of South Africa Limited has successfully listed its RLN141 Equity Index Linked Notes on the Johannesburg Stock Exchange (JSE). The notes, which are part of the bank's Structured Note Programme initiated in January 2021, are scheduled to mature in 2030. The Programme has an authorized size
Banks (Finance)
Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt), a prominent player in the Egyptian Exchange (EGX) banks sector, has witnessed a substantial shift in its year-to-date price change. As of July 22, 2025, the stock was trading in the main market under the Egyptian Pound, with a par value of 10.00 per
Banks (Finance)
The Office of the Federal Register has issued a notice stating that several companies have applied to the Board for approval to become a bank holding company and/or acquire the assets or ownership of a bank or bank holding company. The public portions of the applications are available for
