Banks (Finance)
The Enforcement Directorate (ED) has revealed that former chairman and MD of UCO Bank, Subodh Kumar Goel, was involved in providing large credit facilities to a Chhattisgarh-based company, leading to the siphoning off of Rs 6210.7 crore from the bank. The principal promoter of the company, Sanjay Sureka, has
Banks (Finance)
Q2 Holdings, a digital transformation solutions provider for financial services, has introduced Direct ERP, a new solution designed to enable financial institutions to connect banking operations directly with enterprise resource planning (ERP) systems. This integration is expected to ease the reconciliation process, increase transparency, and reduce manual involvement, ultimately leading
Banks (Finance)
Natwest has announced it will reduce interest rates on millions of savings accounts from May 30, in response to the Bank of England's decision to lower its base rate by 0.25 percentage points to 4.25%. The cut affects several popular savings accounts, including the Digital Regular
Banks (Finance)
The Emirates Investment Bank has announced an open call for nominations to its Board of Directors. The nomination period, scheduled from May 21 to May 31, 2025, invites eligible individuals and shareholders to submit their applications to the bank's Head Office in Dubai. According to the announcement, only
Banks (Finance)
After years of underperformance, JP Morgan's upgrade to an overweight rating on emerging market (EM) equities suggests a shift in the tide. The bank's equity strategy team, led by Mislav Matejka, believes EM assets now offer better return potential than their developed counterparts, citing a mix
Banks (Finance)
Bangladesh's banking sector is facing unprecedented challenges due to a massive volume of non-performing loans (NPLs), significantly impacting banks' capacity to extend new credit to investors. The latest provisional data from Bangladesh Bank reveals a private sector credit growth decline to 7.57 percent in March 2025,
Banks (Finance)
Malaysia's central bank, Bank Negara Malaysia (BNM), is likely to lower the Overnight Policy Rate (OPR) in the second half of 2025, according to investment banks, as the country struggles with softer first-quarter growth and trade disruptions. The potential interest rate cut comes as the country's
Banks (Finance)
Columbia Banking System, Inc. has announced a quarterly cash dividend of $0.36 per common share, marking another milestone in the bank's commitment to its shareholders. This dividend will be payable on June 16, 2025, to shareholders of record as of May 30, 2025. As the parent company
Banks (Finance)
Koxa Corp. and Q2 Holdings, a leading provider of digital transformation solutions, have announced the launch of a new integrated ERP-banking solution designed to enable banks and credit unions to provide banking operations directly within commercial customers' ERP systems. This innovative solution, called Treasury Gateway, allows commercial accounting teams
Banks (Finance)
The Iraqi Middle East Investment Bank, listed under the symbol BIME on the Iraq Stock Exchange (ISX), experienced a day of stable trading on May 19, 2025. The bank's stock maintained a consistent value of 0.07 per share throughout the day, with no fluctuations between the low
Banks (Finance)
Alkami Technology, a leading digital banking solutions provider, has announced a partnership with Montana-based Clearwater Credit Union to enhance the digital banking experience for its members. Clearwater is leveraging Alkami's Digital Banking Platform to deliver a more intuitive and unified digital experience across devices, providing its members with
Banks (Finance)
Hong Kong's banking authorities have taken a stringent stance to protect citizens from financial scams, following a recent report from the Bank of East Asia, Limited. The issue centers around fraudulent websites and internet banking login screens, which have been taken down, but not before thousands of unsuspecting
