Banks (Finance)
Moody's Investors Service has announced the affirmation of Ahli Bank Q.P.S.C.'s long-term foreign and local currency deposit ratings at A2, citing the bank's sound profitability, high capital and liquidity buffers, and a very high probability of government support. The stable outlook
Banks (Finance)
Deutsche Bank and IBM have extended their long-standing relationship with a new license agreement that grants Deutsche Bank increased access to IBM's innovative software solutions. This strategic agreement will enable Deutsche Bank to accelerate innovation, optimize operations, and enhance its customer experience. The partnership aims to replace legacy
Banks (Finance)
The central bank of Bangladesh, led by Governor Dr. Ahsan H. Mansur, has stressed the need to strengthen foreign exchange reserves and improve the performance of the banking sector. According to the governor, the country's foreign exchange reserves are expected to reach between $27 and $30 billion by
Banks (Finance)
Moody's Investors Service has upgraded Hypo-Bank Burgenland AG's (Bank Burgenland) long-term issuer ratings to A2 from A3 and its short-term issuer ratings to P-1 from P-2. The affirmation of the bank's A2/P-1 long- and short-term deposit ratings and its A1/P-1 long- and
Banks (Finance)
Amanda Dana, Director of Tourism for Orange County and Executive Director of the Orange County Film Office, was recognized for her outstanding contributions to the business community at the "Women Guiding Women" (WGW) initiative event on May 8, 2025. Dana, who has been a key figure in Orange
Banks (Finance)
Boubyan Bank has concluded the sixth level of its Wealth and Portfolio Management Academy for private banking employees in collaboration with Euromoney, focusing on advanced topics in investment and wealth management. The program, led by a certified consultant and trainer from EuroMoni, covered topics such as technical and fundamental analysis,
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
Fraud
Ten college-going students from Uttar Pradesh were arrested by the Gwalior police in connection with a Rs 2.5 crore fraud case involving the Ramakrishna Mission Ashram secretary. The accused were presented in court for police remand, with investigations revealing a complex racket involving fake accounts, cash withdrawals, and digital
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 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)
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
Fraud
A 23-year-old engineering student in Mumbai lost more than Rs.6 lakh to cyber fraud while searching for female escort services online. This is not an isolated incident, as the Delhi Police recently arrested four individuals, including two private bank employees, for allegedly enabling a cyber fraud syndicate that cheated
