Latest News for: Banking system

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Moody’s upgrades banking system outlook to ‘stable’

The Times of India 20 Oct 2021
Global ratings firm Moody's has revised the outlook for the Indian banking system to stable from negative following its upgrade of India's sovereign outlook two weeks ago ... Moody's rates 11 commercial banks in India including five public sector banks which together account for around 71% of deposits in the system.
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New Zealand' central bank reviews policy for overseas bank branches

Sina 20 Oct 2021
Branches of overseas banks can be an important link between New Zealand economy and global financial markets. They provide valued services to New Zealand businesses and households, and greater diversity to the country's banking system, he said, adding they can also pose special risks.
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Key Democrat voices concern over Biden bank cop pick, signaling trouble

Politico 20 Oct 2021
the most diverse and competitive banking system in the world, but also meets the unique and evolving needs of small businesses and consumers in communities across the country,” American Bankers Association President Rob Nichols said in a speech this week.
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Interview: China aims for better finance environment through regulation, innovation

China.dot.org 20 Oct 2021
As the world's second-largest modern financial system, China's financial system has strong vitality with its openness, competitiveness, fairness, and inclusiveness at a high ... In terms of competitiveness, he said, there are more than 4,000 institutions in China's banking system.
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BSP backs cooperative banking bill

Manila Bulletin 20 Oct 2021
Cooperative banking resources as of end-June this year have reached P23.9 billion which is 0.12 percent of the banking system’s total assets of P19.8 trillion ... “While the assets of cooperative banks represent a small portion of the banking system, they are at the forefront in the ...
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China's central bank conducts 100 bln yuan of reverse repos

China.dot.org 20 Oct 2021
The move aims to offset the impacts of tax period and government bond issuance, and to keep liquidity in the banking system at ...
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HDFC Bank suspends employees held for attempts of unauthorised withdrawal from high-value NRI account

The Times of India 20 Oct 2021
HDFC Bank has suspended the employees who were arrested by the Delhi Police for alleged involvement in attempts of unauthorised withdrawal from high-value NRI account ... Basis the system alerts, we reported the matter to law enforcement agencies for further and necessary investigation, and lodged an FIR," added the bank.
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Stanbic, GIZ sign agreement to support Fintechs through “NextGen Ghana Fintech Accelerator”

Joy Online 20 Oct 2021
There are presently over 11 million active users on mobile payment systems, with banks recording over 80% of their transactions as originating from electronic and digital channels. The Bank of Ghana (BoG), which is the regulator of payment systems, reports that about 71 fintech companies operate in the country.
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BoG working on block chain product and 2 remittance innovations

Joy Online 20 Oct 2021
Overall, he stressed that the Bank of Ghana has adopted; an integrated Risk-based Supervisory Approach for digital financial services to focus on functional areas of operation and systemic risks ... and technology outsourcing arrangements proposed by banks and non-banks or FinTechs.
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BSP prepares second-phase 'green' banking policies

Manila Bulletin 20 Oct 2021
The BSP is a member of the Network for Greening the Financial System since July last year ... 1085 on Sustainable Finance Framework, which it issued April 2020 require banks to establish an environmental and social risk (E&S) management system and to include sustainability initiatives in their annual reports.
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Rise of digital banks underscores urgency of data protection law

The Jakarta Post 20 Oct 2021
Established banks have pledged to maintain strong digital security systems and encouraged consumers to take precautions against the risk of security ...
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Columbia Bank, Umpqua Bank to merge

Tillamook Headlight Herald 20 Oct 2021
Columbia Bank’s board of directors approved on Oct .11 a definitive agreement to combine Columbia Bank and Umpqua Bank. The partnership blends the two banks and provides both companies with a broader array of services and locations.
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China forces McDonald’s to adopt CBDC before Olympics

Crypto Economy 20 Oct 2021
The Chinese government is forcing McDonald’s to deploy the digital renminbi payments system at restaurants. It seems the restaurants should deploy the system before the Beijing Winter Olympics ... The bank is trying to get merchants in the Game zone to sign up for the new payment system, but they’re all free to refuse.
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The Bank of Princeton Announces Declaration of a $0.18 Quarterly Cash Dividend

Finger Lakes Times 20 Oct 2021
the impact of the recent global coronavirus outbreak, the strength of the United States economy in general and the strength of the local economies in which the Bank conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including ...
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WMC Pilot Scheme ups investment options

China Daily 20 Oct 2021
An hour after the launch, with the help of the Cross-border Interbank Payment System, mainland banks had credited 41 investments made by Hong Kong and Macao retail investors via the Northbound Scheme of the Cross-boundary WMC, which refers to eligible residents in Hong Kong and ...
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