Latest News for: Banking system


VND90 trillion withdrawn from banking system

The Saigon Times 29 Sep 2023
HCMCThe State Bank of Vietnam (SBV) has withdrawn nearly VND90 trillion from the banking system through six consecutive rounds of Treasury bill auctions ... This is an effort by the SBV to ease the pressure from idle cash in the banking system at a time when interbank interest rates remain at their lowest levels since the beginning of 2021.

Columbia Banking System Announces Date of Third Quarter 2023 Earnings Release and Conference Call

Longview News-Journal 29 Sep 2023
29, 2023 /PRNewswire/ -- Columbia Banking System, Inc ... regional bank based in Lake Oswego, Oregon ... bank ... View original content to download multimedia.https.//>-announces-date-of-third-quarter-2023-earnings-release-and-conference-call-301936593.html. SOURCE Columbia Banking System, Inc.

Bank of England shakes up lending for non-banks

Cryptopolitan 29 Sep 2023
This new initiative underscores the pressing necessity to adapt and evolve in an ever-changing financial environment, especially as non-bank financial institutions in England continue to gain momentum ... The Surge of Non-Bank Entities in England ... However, the Bank of England remains open to evaluating other potential assets as the system evolves.

Marijuana businesses deserve safe banking too | BIDLACK

Colorado Politics 29 Sep 2023
allow marijuana businesses to use the federally regulated banking system ... That said, because of the Schedule I status no business dealing with marijuana could legally use the federally regulated banking system ... no sense to keep that legal business out of the banking system.

BRICS to create competitor to SWIFT international payment system

Press TV 29 Sep 2023
"We are trying to implement our financial information transmission system ... Currently, more than 4,200 banking institutions in 182 countries and regions around the world use the CIPS payment system either directly or through an institution besides the two primarily involved in the transaction.

Russian Central Bank extends restrictions on fund transfers abroad for another 6 months

Anadolu Agency 29 Sep 2023
Limits on transfers through money transfer systems are also maintained – no more than $10,000, or equivalent, the bank stated. Previously, the bank has extended the restrictions twice – in September 2022 and in March 2023.

Tamilnad Mercantile Bank CEO tenders resignation citing personal reasons

Indian Express 29 Sep 2023
Managing Director and CEO of Tamilnad Mercantile Bank (TMB) S Krishnan tendered his resignation on Thursday alleging \u201cpersonal reasons\u201d ... He had added that it has been 13 months since he joined the bank and in this period, he had taken various measures to fortify the bank and make it future-ready.

Borrowers struggle to benefit from new lending policy

Vietnam News 29 Sep 2023
This forces banks to compete fairly, equitably and healthily in the loan market ... He explained that as information about loans and collateral is available at the information centre of the banking system, banks can facilitate conditions for borrowers to transfer debts from one bank to another without having to satisfy the mortgage from the old bank.

Dubai Islamic Bank acquires 20% stake in Turkey's digital bank operator TOM

The National 29 Sep 2023
Turkey's central bank increases interest rate to 30% as country tries to tackle inflation ... “We hope to make TOM Group a regional and a global leader in digital participation banking, aiming to provide access to financial services and promote inclusivity by encompassing segments beyond the traditional banking system,” said Mr Ozkan.Updated.

GCB releases super Mobile App

B & FT Online 29 Sep 2023
John Adamah, GCB’s Executive Head of Retail Banking said ... Speaking to the Bank’s use of technology, Mr ... As Ghana’s premier indigenous bank, GCB has since its establishment in 1953 been described as a systemic bank with significant contributions to Ghana’s growth in multiple sectors; including oil and gas, agriculture, commerce and others.

India in talks with more jurisdictions to make material impact on cross-border payments: RBI DG

The Economic Times 29 Sep 2023
... the cost of cross-border payments by bypassing the legacy correspondent banking system.

UK mortgage approvals drop to six-month low in August

The Times/The Sunday Times 29 Sep 2023
Data from the Bank of England showed that the number of new mortgages approved in August, an indicator of future borrowing, dropped from 49,500 to 45,000, the lowest level since February, when fears of the state of the US banking system hit ...

‘Everything was built around cheap money’: How the Fed is transforming Biden’s economy

Politico 29 Sep 2023
Banks have been holding income to the side to account for more losses on their loans, and that has slowed lending even more, the analysts wrote ... Because about 70 percent of bank-held commercial mortgages sit on the balance sheets of regional and smaller lenders, a write-down in commercial loans could spill over into the larger financial system.

Laser Photonics Highlights Sign Manufacturing Capabilities of Its MarkStar Laser System

Enid News & Eagle 29 Sep 2023
Laser Photonics Corporation, a leading global industrial developer of MarkStar laser systems for laser marking and other material applications, highlights a key application for its MarkStar Laser System ... “The MarkStar can be used to create signs for offices, schools, hospitals, banks, hotels and more.”.

RBI to maintain rates, real estate sector to be disappointed

International Business Times 29 Sep 2023
Repo rate is the rate at which the RBI lends to the commercial banks ... We anticipate that the RBI will ensure sufficient liquidity within the banking system, as this is paramount for enabling banks to offer lending and financing options to both developers and buyers ... Bank employees to strike work for 13 days between Dec 4Jan 20.

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File - The President of the People's Republic of China, Xi Jinping, speaks during a BRICS forum in Brasilia, Brazil, 13 November, 2019.
Creative Commons / Marcos Corrêa/PR
FILE - Divers look for flood victims in the city of Derna, Libya, Sept. 18, 2023. The devastating storm that dumped torrential rains along the Libyan coast this month was up to 50 times more likely to occur and 50% more intense because of human-caused climate change, according to an analysis released Tuesday, Sept. 19.
AP / Yousef Murad, File
Nadine Menendez, leaves federal court with Sen. Bob Menendez, Wednesday, Sept. 27, 2023, in New York. Menendez and his wife pled not guilty to federal charges alleging he used his powerful post to secretly advance Egyptian interests and carry out favors for local businessmen in exchange for bribes of cash and gold bars.
AP / Jeenah Moon