Banks (Finance)
US Attorney Robert J. Troester announced on April 16, 2025, that a federal Grand Jury had returned a 19-count Indictment against 10 individuals, charging them with roles in a conspiracy to steal mail from mail deposit boxes across the Oklahoma City metro area. The Indictment alleges that the defendants used
Banks (Finance)
The Iraq Stock Exchange (ISX) experienced stable trading activity on May 13, 2025, with the Iraqi Middle East Investment Bank (BIME) stock closing unchanged at 0.07 per share. The bank's shares were traded in 10 separate transactions, resulting in a total of 116.23 million shares exchanged.
Banks (Finance)
DBS Bank (Hong Kong) Limited has alerted the Hong Kong Monetary Authority (HKMA) to fraudulent websites and internet banking login screens. These websites and login screens are designed to trick customers into providing sensitive personal information, such as login passwords or one-time passwords. The bank emphasizes that it will never
Banks (Finance)
A prolonged financial fraud at Jagannath University's Office of the Controller of Examinations has been exposed, involving a third-class staff member accused of embezzling student fees through forged bank seals and counterfeit deposit slips. The employee, identified as Nazmul, allegedly submitted fake receipts bearing the forged seal of
Banks (Finance)
Dubai Islamic Bank's shares in the Dubai Financial Market saw an increase on May 13, 2025, amidst active trading. The stock opened at 7.60 AED, slightly above the previous closing price of 7.59 AED. The shares reached a high of 7.84 AED and a low
Banks (Finance)
The Johannesburg Stock Exchange (JSE) has granted FirstRand Bank Limited the listing of its FRS420 unsecured structured notes, a type of debt security issued under its note programme dated 29 November 2011. The note programme has been amended and supplemented over time, with the latest update effective on 14 May
Banks (Finance)
Large public sector lenders have seen a 26% cumulative increase in net profit for FY25, but their net interest margins (NIMs) are expected to come under pressure, leading to a moderate return on assets (RoA) in the current fiscal year. Banks such as State Bank of India, Canara Bank, and
Banks (Finance)
The federal government of Pakistan is nearing the implementation of a subsidized housing scheme, aiming to alleviate the country's severe housing shortage. The initiative, set to begin with the construction of 200,000 affordable housing units in collaboration with commercial banks, is a direct response to the nation&
Banks (Finance)
Delhi police's Economic Offences Wing has arrested a Noida-based real estate developer, Anil Mithas, for allegedly diverting over Rs.165 crore in bank loans to shell entities and sister concerns under the Unnati Fortune Group umbrella. The case involves two real estate projects in Noida and Gurugram, where
Banks (Finance)
The Delhi District Court, in a recent judgment, ordered an ex-parte decree in favor of the State Bank of India against two of its customers, Smt. Anju and Sh. Rakesh, in a loan recovery case worth Rs. 2.67 crores. The court found the defendants liable for the recovery of
Banks (Finance)
A premier pre-settlement legal funding firm, Legal-Bay, has introduced a new financing program to help attorneys cover the high costs of building and preparing cases for trial without relying on traditional loans or bank financing. The program provides merit-based financing, allowing attorneys to secure resources for experts, depositions, court filings,
Banks (Finance)
YES Bank's share price rallied 8.4% to an intra-day high of Rs 21.70 on the National Stock Exchange after Japan's Sumitomo Group, through its subsidiary Sumitomo Mitsui Banking Corporation (SMBC), acquired a 20% stake in the private lender. This significant cross-border investment in India&
