Banks (Finance)
The Nigerian stock market saw a significant decline on Monday, with the NGX Banking Index taking the biggest hit at 3.98% as investors offloaded bank stocks following the Central Bank of Nigeria's (CBN) directive to temporarily suspend dividend payments to shareholders. The NGX All Share Index (ASI)
Banks (Finance)
The Panchkula district cyber crime police have arrested two individuals, Karan Kumar and Kanav Kapoor, for exploiting migrant laborers and using their identities to commit cyber fraud. The accused targets migrant workers from Uttar Pradesh and Bihar, luring them with false promises of government scheme benefits. Once they agreed, Karan
Banks (Finance)
In a notable milestone for DeFi Technologies' venture portfolio company, AMINA Bank has reported a 136% increase in Assets Under Management (AUM) to US$4.2 billion and a 69% rise in revenue to US$40.4 million in 2024, achieving quarterly profitability in Q4. This impressive growth underscores
Banks (Finance)
The Central Bank of Nigeria (CBN) has issued a directive to banks under regulatory forbearance to temporarily suspend dividends, bonuses, and new investments in foreign subsidiaries. The move, part of a broader strategy to ensure banks strengthen their financial resilience and comply with capital adequacy and loan provisioning standards, has
Banks (Finance)
The recent surge in oil prices following Israel's strike on Iran has put the Bank of England's inflation forecasts to the test, with economists warning of a potential re-ignition of inflation and a possible wage-price spiral. Robert Wood, at Pantheon Macroeconomics, has stated that events in
Banks (Finance)
As interest rates appear to be headed downward, more people are opting for fixed-rate savings accounts to secure higher returns. On the Hargreaves Lansdown Active Savings platform, the proportion of all savings accounts that were fixed-rate rose from 55 per cent in February to 64 per cent last month. Savers
Banks (Finance)
A cyber-attack on a major UK bank could unleash widespread chaos, with millions of direct debits failing, online banking blocked, and cash machines denied. This situation is not far-fetched, as it is considered a "reasonable worst-case scenario" by the government. The financial industry is a prime target, with
Banks (Finance)
HDFC Bank has announced a significant reduction in home loan interest rates, effective from the customer's next interest rate reset date. This move comes after the Reserve Bank of India (RBI) reduced the repo rate on June 6, 2025. The interest rate cut will benefit borrowers with reduced
Banks (Finance)
The Indian stock market has seen a bearish trend in recent days, resulting in a significant erosion in the market valuation of several top-10 firms, including HDFC Bank, Reliance Industries, and Bharti Airtel. The combined market capitalization of these firms declined by Rs 1,65,501.49 crore, with HDFC
Banks (Finance)
Palestine Islamic Bank shares witnessed a slight decrease in value on the Palestine Exchange, closing at $1.26 on June 15, 2025. This decline comes after a trading session where the stock oscillated between $1.27 and $1.23. The total volume of shares traded reached 29,318, generating a
Banks (Finance)
Egypt's Prime Minister, Dr. Mostafa Madbouly, and the European Investment Bank's Vice President, Ms. Giusy Figlioli, reaffirmed their commitment to strengthening their partnership in a meeting held in Cairo. The meeting took place on the sidelines of the "Development Finance for Empowering the Private Sector:
Banks (Finance)
As online shopping continues to surge, consumers are being warned about the risks associated with using the "pay by bank" feature when shopping online. This payment method, which allows users to pay for products without entering bank details or using a card, lacks the consumer protections afforded by
