Banks (Finance)
Vietnam's banking industry has been experiencing a positive momentum, with the government aiming for an economic growth rate of over 8%. Flexible monetary policy and increasing credit demand have created conditions for banks to expand their operations and contribute significantly to the national budget. The top 20 private
Banks (Finance)
Congressional Democrats, led by Senators Chris Van Hollen and Sheldon Whitehouse, have written a letter to Environmental Protection Agency (EPA) Administrator Lee Zeldin, warning that the Administration is violating the law by terminating $27 billion in congressionally obligated funding for affordable clean energy. The funding was allocated through the Greenhouse
Banks (Finance)
The People's Bank of China has taken several significant steps in 2025 to adjust its monetary policy, aiming to stabilize the economy and promote financial support for key areas. The bank raised the macro-prudential adjustment parameter for cross-border financing and lowered the re-lending rate for supporting agriculture and
Banks (Finance)
Moody's has affirmed all ratings and assessments of Investec plc and Investec Bank plc, including the Baa1 long-term issuer rating for Investec and the A1 long-term bank deposit ratings for Investec Bank. The outlooks on Investec's long-term issuer and senior unsecured debt ratings remain positive, while
Banks (Finance)
HDFC Bank, India's largest private bank, has made significant changes to its fees and charges for savings, salary, and non-resident (NR) accounts. The new changes, effective from August 1, 2025, impact cash transaction limits, cheque book issuance, IMPS and NEFT payments, as well as certain branch-based services. The
Banks (Finance)
Citizens Financial Group, the parent company of Citizens Bank, has been reaffirmed by Moody's Investors Service with a stable outlook. The affirmation reflects progress made by the bank in strengthening its large regional bank franchise, solid funding profile, and improved liquidity. The outlook anticipates gradual profitability improvement, with
Banks (Finance)
Aktia Bank Plc has issued a news release detailing its half-yearly report for the period 1.1-30.6.2025. The report highlights the bank's performance and progress in its strategic initiatives, despite a challenging operating environment. Aktia maintained its focus on the Momentum acceleration program, which is showing
Banks (Finance)
Prime Minister Shehbaz Sharif has instructed the authorities to simplify and expand access to low-cost agricultural loans for small and medium-scale farmers, a move aimed at boosting agricultural productivity and ensuring economic dignity for the country's rural backbone. The prime minister emphasized the need to provide easier access
Banks (Finance)
The Trump administration is reportedly drafting an executive order to punish big banks for allegedly discriminating against conservative customers. A draft of the order, seen by the Wall Street Journal, directs regulators to investigate financial institutions for breaching the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.
Banks (Finance)
In a bid to beat the low returns on bank fixed deposits (FDs), many investors are turning to post office schemes, which offer higher returns, tax exemption, and a safe investment option. As of the July-September 2025 quarter, several post office schemes, including the Senior Citizens' Savings Scheme, Sukanya
Banks (Finance)
The Czech Republic has no major issues with financing its domestic defence industry, according to the Czech Banking Association (CBA). Bankers have assured Defence Minister Jana Cernochova that Czech banks are providing around Kc40-50 billion in financing to companies operating in the defence sector. However, small and medium-sized companies may
Banks (Finance)
Techcombank, a leading bank in Vietnam, has been hailed as the Best Managed Bank in Vietnam by The Asian Banker at its Global Leadership Achievement Awards 2025. The awards also recognized Jens Lottner, Techcombank's CEO, as the Best Bank CEO in Vietnam for his exceptional leadership and strategic
