Banks (Finance)
The UK government has vowed to monitor cash acceptance levels following a Treasury Committee report raising concerns about the future of coins and banknotes. The report highlighted how businesses can refuse cash without consequence, potentially leading to a two-tier society. In its response, the government acknowledged the potential impact on
Banks (Finance)
Fewer Filipino borrowers missed their loan payments in May, as lower interest rates and manageable inflation helped ease debt burdens. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the non-performing loan (NPL) ratio of Philippine banks decreased to a two-month low of 3.38 percent in May from
Banks (Finance)
Neuraxpharm, a pan-European specialist in CNS disorders, has obtained a new EUR668.7 million senior secured term loan and a EUR100 million revolving credit facility from Moody's Investors Service. The ratings agency has assigned B3 ratings to the new debt, citing the company's weak credit metrics
Banks (Finance)
Raiffeisen Bank Zrt. (RBH), a Hungarian bank, has seen its senior unsecured debt ratings upgraded by one notch to Baa2 by Moody's Investors Service. This decision comes after the bank issued a significant amount of bail-in-able junior senior unsecured debt, which has increased the loss absorption for senior
Banks (Finance)
Gene Hackman's two-time Academy Award-winning legacy has been marred by mysterious circumstances surrounding his death and his family's tumultuous relationship. The Hollywood legend's $80 million estate is now facing severe financial troubles, with nearly $100,000 in unpaid credit card debt due to Citibank
Banks (Finance)
A senior CID officer has reported that Amit Ghosh, 34, an employee of a private bank, was arrested on Thursday for being part of a group that duped a man out of é 36 lakh by luring him to invest in the stock market. The duping was done through an
Banks (Finance)
SLM Corporation, the leading originator and servicer of private student loans in the US, has maintained its strong market position, high profitability levels, and solid capital and liquidity positions at its bank subsidiary, Sallie Mae Bank. Moody's Investors Service has affirmed all of the ratings and assessments of
Banks (Finance)
A Spanish court has issued a significant ruling ordering a bank to return money defrauded from a customer through smishing, a form of phishing via text message. The court found that the bank's failure to implement adequate cybersecurity measures allowed cybercriminals to carry out multiple fraudulent transactions. The
Banks (Finance)
The Karachi Stock Market experienced a significant boost, with the KSE-100 Index increasing by 1,205 points to close at 133,782 with a trading volume of 940 million shares. The surge was primarily driven by heightened activity in the banking, technology, and textile spinning sectors. Notable performers included MEHT,
Banks (Finance)
The UK Government has stated that it will continue to monitor cash acceptance on an ongoing basis in response to a Treasury Committee report that raised concerns over the future of coins and banknotes. The Government has acknowledged the worries of the committee, which warned that a lack of action
Banks (Finance)
The U.S. Department of Treasury's Office of the Comptroller of the Currency (OCC) is seeking public input on four significant regulatory collection activities affecting national banks and federal savings associations. The OCC aims to address critical areas such as Bank Secrecy Act/Money Laundering Risk Assessment, Community
Banks (Finance)
As the digital asset marketplace continues to grow and evolve, America's Credit Unions is urging lawmakers to ensure that credit unions have the same opportunities and benefits as banks in this space. In a letter to the Senate Banking Committee, America's Credit Unions President/CEO Jim
