Banks (Finance)
Fitch Ratings, a global credit rating agency, has announced the assignment of ratings to Canvas Cards Trust (Canvas) Series 2025-1, a Canadian dollar-denominated credit card receivables-backed notes issue. The trust's performance has been normalizing from the pandemic-era strength, with recent charge-off performance positively impacted by additional accounts added
Banks (Finance)
A new partnership between the Canada Infrastructure Bank and Scotiabank aims to accelerate energy-efficient upgrades in commercial buildings across Canada. The partnership will provide low-cost, flexible financing to clients of Scotiabank, including owners of commercial, industrial, office, and multi-residential buildings, to undertake upgrades that cut emissions by at least 30
Banks (Finance)
Muzn Islamic Banking, a subsidiary of the National Bank of Oman, has entered into a strategic partnership with Oman Housing Bank (OHB) to provide customers with a comprehensive home financing solution. This alliance combines the benefits of OHB's Iskan Home Financing initiative with Muzn's Sharia-compliant Credit
Banks (Finance)
NatWest will close its branches on Market Street in Wellingborough on October 7, 2025, and High Street in Kettering on October 28. The bank cited the shift to mobile and online banking as the primary reason for the closures, with counter transactions decreasing by 47% in Wellingborough and 43% in
Banks (Finance)
Moody's Investors Service has confirmed Bank OZK's credit ratings, including its long- and short-term local currency deposit ratings of A3 and Prime-2, respectively. The rating agency has also changed the outlooks on Bank OZK's long-term deposit and issuer ratings to stable from negative. This
Banks (Finance)
The National Islamic Bank (NIB) in Damascus has seen a notable surge in its share price, with a 4.99% increase on June 10, 2025, according to the Damascus Securities Exchange. This upward trend continues a steady trading pattern for the bank's shares, with the reference price remaining
Banks (Finance)
As the Reserve Bank of India (RBI) reduced the repo rate to 5.5% by cutting it by 50 basis points, HDFC Bank and ICICI Bank, the country's two largest private sector lenders, have responded by decreasing their fixed deposit (FD) rates by 25 basis points. This move
Banks (Finance)
With traditional banks still struggling to provide loans to millions of Americans with low credit scores, Viva Payday Loans has introduced a innovative solution. The platform connects borrowers to a network of licensed lenders across the U.S., offering fast and secure access to personal loans for bad credit. By
Banks (Finance)
Protectt.ai, a full-stack mobile app security and fraud control platform, has partnered with i-exceed, a pioneer in low-code digital banking platforms, to integrate advanced mobile threat defense and runtime protection into i-exceed's platform. This partnership enables global BFSI enterprises to develop faster, safer, and regulation-compliant mobile apps
Banks (Finance)
Dunelm's shares slipped 4.4% on Monday following a downgrade from RBC Capital Markets, which reduced its rating from "outperform" to "sector perform". The analysts commended the homeware retailer's solid track record, robust cash generation, and strong market positioning. However, they warned
Banks (Finance)
India's investment banking operations (IB Ops) sector is growing rapidly, driven by the increasing demand for skilled professionals to manage complex financial processes. In response to this demand, Plutus Education has introduced a diploma course in Investment Banking and Operations (DIBO) to equip graduates with the necessary skills
Banks (Finance)
As digital banking becomes increasingly prevalent, NatWest is set to close 55 more branches in the coming months, on top of the 53 it had previously confirmed would shut down in 2025. With over 80% of its active current account holders now using digital services and over 97% of retail
