Banks (Finance)
Aiming to address the country's growing infrastructure needs, Representative Salud Carbajal and Representative Daniel Webster have reintroduced the National Infrastructure Investment Corporation (NIIC) Act. This bipartisan legislation seeks to create a national infrastructure bank that can provide loans and loan guarantees to local infrastructure projects, supplementing federal and
Banks (Finance)
Union Bank of Nigeria, a leading financial institution, has announced its intention to file an appeal against the recent judgment of Justice Abike Fadipe of the Ikeja High Court in a case involving itself, Senator Jimoh Ibrahim, NICON Investment Limited, and Global Fleet. The bank's decision to appeal
Banks (Finance)
The cooperative department in Thiruvananthapuram is set to launch an inquiry under Section 68(1) of the Kerala Cooperative Societies Rules to investigate alleged financial irregularities at the Nemom Service Cooperative Bank. This move comes after a preliminary probe conducted under Section 65 revealed a fraud amounting to Rs 112
Banks (Finance)
Moody's Investors Service has affirmed the Ba2 long-term local and foreign currency bank deposit ratings of Kapital Bank OJSC, along with its ba3 Baseline Credit Assessment (BCA) and Adjusted BCA, Ba1 long-term Counterparty Risk Ratings (CRRs), and Ba1(cr) long-term Counterparty Risk Assessment (CR Assessment). The Not Prime
Banks (Finance)
Rishi Sunak, former Prime Minister of the United Kingdom, has accepted a role as a senior adviser at Goldman Sachs, marking his first major move since stepping down as Tory leader following the party's landslide election defeat last year. Sunak began his career in financial services as a
Banks (Finance)
Karachi -- Escorts Bank NC, trading under the symbol ESBL on the Pakistan Stock Exchange, saw a minor fluctuation in its stock price on July 9, 2025, ending the day at Rs. 7.40. The daily weighted average rate was recorded at Rs. 7.38. The company's paid-up
Banks (Finance)
Moody's Investors Service has assigned a B1 rating to Priority Holdings, LLC's proposed Senior Secured First Lien Bank Credit Facilities, consisting of a $1,000 million term loan due 2032 and a $70 million revolving credit facility due 2030. The company's other ratings, including
Banks (Finance)
The recent intervention of the Governor of the Bank of England, Andrew Bailey, has sparked controversy over the government's plans to dictate how DC pension schemes invest their funds. The Pension Schemes Bill, currently underway in the House of Commons, includes a clause that would allow the government
Banks (Finance)
Vocalink, a Mastercard-owned payment systems firm, has been fined almost £12m by the Bank of England for its failure to fully comply with a regulatory order to address weaknesses in its risk management framework. The firm's inadequacies in risk management and governance arrangements led to a significant fine,
Banks (Finance)
Credit demand in Central, Eastern, and South-Eastern Europe (CESEE) has remained robust, driven by both corporate and retail sectors, according to the European Investment Bank's (EIB) latest Cross-Border Banking Survey. Banks in the region expect a slight improvement in credit supply conditions in the coming months, driven by
Banks (Finance)
The Monetary Policy Committee of the Reserve Bank of New Zealand has decided to maintain the Official Cash Rate at 3.25 percent, citing elevated export prices and lower interest rates as supporting factors for the country's economic recovery. However, the committee expressed concern over heightened global policy
Banks (Finance)
In a notable trading session on July 8, 2025, shares of Invest Bank NC, listed on the Pakistan Stock Exchange (PSX) under the symbol ICIBL, witnessed a substantial price movement, closing at Rs. 10.82 with a daily weighted average rate of Rs. 10.56. The company, categorized under Investment
