Banks (Finance)
Aidan Frier, 26, was sentenced to two and a half years in prison for defrauding his grieving grandfather out of £64,000 after his grandmother's death. The scam began in January 2021 with Frier lying about working under a scholarship scheme and needing money for tuition fees, accommodation
Banks (Finance)
The Saudi Investment Bank has disclosed data on its share lending activities, providing insights into its operational scale and market behavior. The bank's total issued shares quantity stands at 1.25 billion, with 0.51 million shares lent as of July 21, 2025. This represents a minor move
Banks (Finance)
The Pakistan Stock Exchange (PSX) witnessed recent trading activity in Summit Bank Limited's debt securities, specifically the Term Finance Certificate (TFC) with the symbol SMBLTFC. On October 21, 2025, the TFC was actively traded on the PSX, with a face value of Rs. 5,000 and a total
Banks (Finance)
Metropolitan Bank Holding Corp., the parent company of Metropolitan Commercial Bank, has made significant strides in its financial performance. After declaring its first quarterly dividend since its initial public offering in 2017, the company is now launching a new share buyback program. This move demonstrates the bank's commitment
Banks (Finance)
As the Indian banking sector remains in focus, key brokerage houses have issued recommendations on top picks in the sector. CLSA has identified ICICI Bank, HDFC Bank, and Bandhan Bank as its top picks in the banking sector. The brokerage house has increased the target price for HDFC Bank and
Banks (Finance)
Indian banks have benefited from implicit government subsidies, despite a decline since the global financial crisis and the COVID-19 pandemic. A new Staff Working Paper from the Bank of England, authored by Somnath Chatterjee, quantifies the subsidies and finds that they remain "non-trivial." The study estimates default risk
Banks (Finance)
India's leading banks have delivered a mixed bag of results for the quarter ended June 2025, with some lenders posting strong profits while others facing challenges due to high slippages, weak interest income, and tightening margins. YesBank, where Japans Sumitomo Mitsui Banking Corp (SMBC) is set to become
Banks (Finance)
As the South African Reserve Bank's (Sarb) Monetary Policy Committee (MPC) prepares to make its pivotal interest rate decision at the end of July, the country's economic landscape hangs in the balance. Although recent data suggests a brightening picture, with inflation stabilizing within the target range
Banks (Finance)
Both HDFC Bank and ICICI Bank showcased impressive financial performance for the quarter ended June 2025, buoyed by significant gains in interest and non-interest income. However, these lenders have cautioned of margin pressures and adopted a conservative stance in certain retail segments. HDFC Bank's standalone net profit surged
Banks (Finance)
Four major Indian banks, HDFC Bank, ICICI Bank, Axis Bank, and Bandhan Bank, released their financial results for the quarter ended June 30, 2025, setting the stage for an analysis of their performance across various parameters. The comparison of these bank stocks, including their market capitalization, dividend payouts, share prices,
Banks (Finance)
Sindh Engro Coal Mining Company (SECMC) and Meezan Bank Limited have embarked on a significant milestone in Pakistan's energy sector, signing an Islamic Facility Agreement to fund Phase III of the Thar Block II mine expansion. The agreement, led by Meezan Bank, comprises a syndicate of United Bank
Banks (Finance)
Moody's Ratings has affirmed China Everbright Bank Company Limited's long-term/short-term local and foreign currency deposit ratings of Baa2/P-2, reflecting the bank's steady asset quality, capitalization, profitability, and liquidity over the next 12-18 months. The stable outlook on the bank's long-term
