Banks (Finance)
The UK's largest banks, including Natwest and Barclays, have slipped the right to monitor customers' social media into their privacy policies. Despite public denials of such checks, the banks' policies admit that they may gather data from Facebook and Twitter. Nigel Farage, the former Ukip leader,
Banks (Finance)
Nigel Farage, the leader of the Brexit party, has announced he is considering taking legal action against his bank, NatWest, over the closure of his bank account. The move comes after the bank's private banking arm, Coutts, apologized to Mr Farage earlier this week for comments made about
Banks (Finance)
Profits for the US's largest banks, JPMorgan Chase, Citigroup, and Wells Fargo, have continued to rise despite concerns about a potential recession and tight credit markets. The banks' second-quarter earnings have been driven by low unemployment, strong consumer spending, and higher interest rates, which have increased earnings
Banks (Finance)
The Office of the Attorney General of the District of Columbia announced a significant crackdown on predatory lenders EasyPay Finance and TAB Bank, forcing them to cease making loans with interest rates up to 198.98% and order them to pay $216,548.83 in restitution to consumers. The lenders,
Banks (Finance)
A parliamentary panel, led by Jayant Sinha, examined the safety measures of several e-commerce and financial entities, including Paytm, Flipkart, Apple, Punjab National Bank, and Bank of India, to prevent cyber crimes during a meeting on Tuesday. The committee focused on the safety of customer data collected by these companies,
Banks (Finance)
A significant cybersecurity breach in January 2022 led to a Rs 12.48 crore online robbery, sparking a thorough investigation by the Hyderabad police and the Reserve Bank of India. The RBI's audit and police investigation revealed the bank's significant lapses, including the absence of essential
Banks (Finance)
The historic merger of HDFC Bank Ltd and Housing Development Finance Corp has catapulted HDFC Bank to the top of the Indian banking league, surpassing its counterparts State Bank of India and ICICI Bank, and placing it among the world's top four banks. The new entity has a
Banks (Finance)
The Indian stock market saw a significant surge on Wednesday, June 28, with the BSE Sensex reaching a new lifetime high of 63,948.84. This remarkable increase was driven by key index heavy weights such as Reliance Industries, HDFC Bank, Infosys, Larsen & Toubro (L&T), and HDFC.
Banks (Finance)
The UK's Chancellor Jeremy Hunt has met with lenders, including HSBC Holdings PLC, Banco Santander SA, and Barclays PLC, to address the mortgage crisis caused by high interest rates. After the emergency meeting at Downing Street, Hunt announced that lenders have agreed to give more flexibility to struggling
Banks (Finance)
The UK's Consumer Prices Index (CPI) remained unchanged in May at a rate of 8.7%, according to the Office for National Statistics, disappointing economist expectations and piling pressure on households. The Bank of England's Monetary Policy Committee (MPC) is likely to raise interest rates on
Banks (Finance)
As the newest member of the Bank of England's rate-setting panel, Megan Greene has been under scrutiny for her past comments on Brexit and her proposed solutions to address climate change. Appearing before the Treasury select committee, Greene admitted to being a registered Democrat and refused to recant
Banks (Finance)
As the economy continues to fluctuate, senior citizens are looking for attractive investment options that provide stable returns. The Senior Citizens' Savings Scheme (SCSS) and major banks such as SBI, HDFC Bank, ICICI Bank, PNB, Axis, and Yes Bank offer fixed deposit options with varying interest rates. The government
