Banks (Finance)
The Bank of England's Monetary Policy Committee (MPC) is expected to maintain the UK interest rates at 4.25% on Thursday, amidst growing concerns over soaring food prices and the impact of global economic uncertainty. Economists believe that the MPC will opt to keep rates on hold, following
Banks (Finance)
The Dubai Financial Market (DFM) witnessed a moderate move in the stock price of Emirates Investment Bank PJSC on June 18, 2025. The stock opened at 73, slightly below its previous closing price of 76, and reached a high of 75 and a low of 73 throughout the trading session.
Banks (Finance)
The Islamic Corporation for the Development of the Private Sector (ICD) and Golden Global Investment Bank have signed a significant agreement to provide a USD 20 million Commodity Murabaha Facility to support private sector projects in TÈrkiye. This facility, aimed at bolstering economic growth, will focus on small and
Banks (Finance)
Cathay United Bank Co., Ltd., a Taiwanese bank, has maintained a stable outlook on its long-term deposit ratings at A1, according to Moody's Investors Service. This affirmation reflects the bank's strong fundamentals, including its asset quality, capitalization, and liquidity profile. Moody's expects the bank
Banks (Finance)
HDFC Bank managing director and CEO Sashidhar Jagdishan has approached the Bombay High Court seeking to quash an FIR filed by Prashant Mehta, a trustee of Lilavati Kirtilal Mehta Medical Trust, alleging that Jagdishan accepted a Rs2.05 crore bribe to help the Chetan Mehta Group retain control of the
Banks (Finance)
The Bombay High Court has been approached by HDFC Bank CEO Sashidhar Jagdishan seeking to quash the FIR filed against him by the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which oversees the Lilavati Hospital in Bandra (West), a prominent healthcare institution in Mumbai. Jagdishan has claimed that the FIR
Banks (Finance)
Alaaraj and Nassar used sophisticated techniques to take over victims' bank accounts, draining them and running up unpaid credit card debits that resulted in significant losses. The defendants then funneled the stolen money through pass-through accounts and disbursed it to themselves. Key Takeaways: * The indictment charges Ayman Alaaraj and
Banks (Finance)
Bank Islam Malaysia Berhad has issued a warning to the public and its customers to be vigilant of scammers on social media impersonating the bank's Al-Awfar account and BIMB Mobile banking app. Fraudulent messages and links have been spreading, aiming to steal sensitive personal or banking details. The
Banks (Finance)
Nigerian investors were reassured by Zenith Bank Plc on Wednesday, despite the central bank's instructions to temporarily suspend dividend payments, bonuses, and foreign subsidiary investments. The bank stated that it has taken steps to ensure complete provisioning by June 30, 2025, and expects to exit all Central Bank
Banks (Finance)
Inflation in the United Kingdom showed a slight decrease in May as air fare and transport costs dropped, but this was largely offset by rising food prices, particularly chocolate. According to the Office of National Statistics, consumer prices increased by 3.4% in the year to May, down from 3.
Banks (Finance)
The recent judgments in the United Kingdom and Uganda have raised the bar for digital banking fraud, emphasizing the importance of robust fraud detection measures, customer vigilance, and regulatory oversight. The Quincecare duty, a legal obligation for banks to refrain from honoring suspicious transactions, has been refined in the UK,
Banks (Finance)
National Building and Marketing Company, listed on the Saudi Stock Exchange, has announced the renewal of its banking facilities agreement with Alinma Bank in adherence to Sharia regulations. The agreement was informed to the company's shareholders on June 18, 2025, following a Tadawul website announcement on June 17,
