Banks (Finance)
Wema Bank, an indigenous financial institution, has seen its ratings upgraded by two reputable credit rating agencies, Fitch and GCR. This significant recognition is a testament to the bank's long-term sustainability and its ability to navigate challenges. The upgrades, which raise the projection on Wema Bank's
Banks (Finance)
Capital One has settled a class-action lawsuit for $425 million, following allegations that the bank had been concealing two comparable savings accounts with different interest rates, resulting in clients losing $2 billion in interest over seven years. The settlement comes after the bank was sued by the Consumer Financial Protection
Banks (Finance)
Yes Bank, India's troubled private sector lender, has received a significant boost to its credit ratings from Moody's Ratings, a global credit rating agency. The upgrade is a result of a gradual improvement in Yes Bank's overall credit profile, driven by better capital adequacy
Banks (Finance)
In today's unpredictable economy, having access to fast cash can mean the difference between stability and stress. However, for millions of Americans with low credit scores, traditional banks aren't an option. Loans at Last steps in, offering payday loans for bad credit that are fast, secure,
Banks (Finance)
The BA Credit Card Trust class A (2025-1) notes have been assigned a rating of 'AAAsf' by Fitch Ratings, reflecting the trust's stable performance and low credit risk. The trust is backed by a pool of revolving consumer credit card accounts originated by Bank of America,
Banks (Finance)
The Hong Kong Monetary Authority (HKMA) has alerted the public to a press release issued by Chong Hing Bank Limited warning of a fraudulent website and internet banking login screen scam. The scam involves phishing emails or other scams that ask customers for sensitive information, such as login passwords or
Banks (Finance)
Bhopal Police's Cyber Crime Branch has made a significant breakthrough in its investigation against a gang of cyber fraudsters, arresting three persons from Rajasthan who were involved in providing mule bank accounts for fraudulent activities. The accused used documents of college students and labourers to open bank accounts,
Banks (Finance)
NTPC, India's largest power utility, has announced the signing of a foreign currency loan agreement worth $750 million with the IFSC Banking Units of Bank of Baroda and HDFC Bank in GIFT City, Gandhinagar. The loan facility, which carries a door-to-door tenor of 10 years, will be used
Banks (Finance)
Moody's Investors Service has announced the affirmation of Ameriabank CJSC's Ba3 long-term local and foreign currency bank deposit ratings, concurrently maintaining the stable outlook on these ratings. The bank's ba3 Baseline Credit Assessment (BCA) and Adjusted BCA, Not Prime (NP) short-term local and foreign
Banks (Finance)
The Bhopal Cyber Crime Branch has made a significant breakthrough in cracking down on a gang of cyber fraudsters who lured people into investing in cryptocurrency and other allurements using fake investment companies and mule bank accounts. The gang, which operated across the country, was able to dupe victims out
Banks (Finance)
In a response to traditional banks denying loans to individuals with poor credit, Money Mutual has launched a platform that connects borrowers with top-rated lenders. The platform offers a free, fast, and secure way to access loans of up to $5,000 with a simple 3-minute application process and no
Banks (Finance)
Emirates NBD Bank (P.J.S.C.) has made significant strides in 2024, boasting a 7% increase in net profit to AED 23 billion and standout growth in credit. The bank also expanded its international operations, accounting for 31% of total income. Its success was recognized at the Euromoney Middle
