Banks (Finance)
A $100,000 grant from TD Bank has been awarded to the Medical University of South Carolina's Hollings Cancer Center to expand two initiatives aimed at reducing cancer disparities in South Carolina. The programs, led by Marvella Ford, Ph.D., associate director of the Hollings Office of Community
Banks (Finance)
The Standard Bank of South Africa Limited has announced a new listing on the Johannesburg Stock Exchange (JSE) of its RLN139 Equity Index Linked Notes, under its Structured Note Programme. This issuance is expected to expand the bank's offerings in the equity-linked securities market, leveraging the Programme'
Bank holding companies
Oak Valley Bancorp, the bank holding company for Oak Valley Community Bank and its Eastern Sierra Community Bank division, announced strong unaudited consolidated financial results for the three months ended June 30, 2025. The company reported $5,588,000 in net income, or $0.67 per diluted share, as compared
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
Banks (Finance)
Malik Jahlil Bell, also known as "Leek Obama," a 28-year-old resident of Columbia, has been sentenced to 9 years in federal prison for his role in leading a massive bank fraud scheme known as "Swiperz Only." Bell and his co-defendants exploited a customer service benefit from
Banks (Finance)
In a collaborative effort to enhance intra-OIC trade and investment, The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Al Baraka Islamic Bank BSC (Bahrain) have signed a Documentary Credit Insurance Policy (DCIP). The policy aims to mitigate payment risks associated with cross-border trade, while promoting
Banks (Finance)
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and Al Baraka Islamic Bank BSC Bahrain have signed a landmark partnership to promote Shariah-compliant trade finance. The agreement aims to enhance security and confidence in the international trade ecosystem by providing insurance coverage for Letters of Credit
Banks (Finance)
Prosecutors have leveled six counts of money laundering against the Managing Director/Chief Executive and Executive Director of SunTrust Bank Ltd, Halima Buba and Mbagwu, respectively. The charges stem from $12 million in high-value cash transactions allegedly facilitated by the defendants without routing them through a financial institution. The case
Banks (Finance)
A sophisticated nationwide bank fraud scheme involving stolen information, fake IDs, and business registration requirements has been brought to an end, with the leader being sentenced to six years in prison. Amber Towndrow, 36, was found guilty of conspiracy to commit bank fraud, aggravated identity theft, and money laundering, and
Banks (Finance)
According to testimony presented at the Federal High Court Abuja, the Managing Director and Executive Director of a bank are accused of aiding a high-value cash transaction worth $12 million, allegedly laundered through Money Laundering (Prevention and Prohibition) Act, 2022. The accused bank chiefs have denied any wrongdoing and were
Banks (Finance)
The Standard Bank of South Africa Limited has listed its Senior Unsecured Mixed Rate Notes, SBC172, on the Johannesburg Stock Exchange (JSE). The notes, which were issued under the company's Structured Note Programme, have a total value of ZAR113,616,714,251.70. The notes have a nominal
Banks (Finance)
Suleiman Ciroma, a witness for the Economic and Financial Crimes Commission (EFCC), has revealed how $12 million was transferred through SunTrust Bank in a mere 10 days. Ciroma provided evidence of the transactions, which involved the bank's Managing Director/CEO, Halima Buba, and Executive Director/Chief Compliance Officer,
