Latest News for: Banking system

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‘Russia’s dirty money will hijack our democratic process’: how tiny Moldova fears Kremlin is fixing EU referendum

The Observer 13 Oct 2024
Sandu, a former World Bank official, was elected ... Shor was sentenced to 15 years in prison last year in absentia in connection with his role in the disappearance of $1bn from Moldova’s banking system.
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Tanzania: BoT - Few Tanzanians Access Banking System

All Africa 12 Oct 2024
The government, through the Bank of Tanzania (BoT), aims to increase integrated financial services access to 80 per cent of citizens by 2028 ....
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More Service Disruptions Loom as Banks Rush to Migrate Core Software

This Day 12 Oct 2024
Customers of Nigerian banks are to brace up for the possibility of more service disruptions as financial institutions race to migrate their core banking systems to more secure software ... Banks need ...
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Why financial markets matter

The News International 12 Oct 2024
Here, I discuss how the developed economy of the United States (US) and the emerging market economy of India have hugely benefited from the growth of the capital market and banking system.
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Egypt attends 2nd BRICS Finance Ministers and Central Bank Governors Meeting

Daily News Egypt 12 Oct 2024
The meeting featured extensive discussions among central bank governors on various topics, including economic cooperation, payment systems, AI applications, sustainability, and cybersecurity in the financial sector.
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IMF raises alarm over banks’ heavy reliance on govt

Dawn 12 Oct 2024
“The Sovereign-Bank nexus may cause the SBP to face potential trade-offs in fulfilling its main functions,” it said, noting that there was now a systematic shortage of liquidity in the banking system, which the SBP should carefully manage.
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Commercial Bank supports 'Fawran' on Corporate Internet Banking Portal

Gulf-Times 12 Oct 2024
In alignment with the third financial sector strategy and Qatar Central Bank’s efforts to advance the payment system infrastructure in Qatar, Commercial Bank is one of the first banks to support and ...
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Number of BISP beneficiaries to reach 10m by Dec: Rubina

The News International 12 Oct 2024
She added that six banks would soon be authorized to disburse funds, improving the current system and ensuring transparency by linking it with NADRA, FBR, and the Excise Department. The system’s ...
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Canada’s Toronto Dominion Bank Pleads Guilty to Money Laundering, Receives $3bn Fine

The Liberty Beacon 12 Oct 2024
FED About to Control the ENTIRE BANKING SYSTEM 👇 @TDBank_US committed one of the largest known multiple #felonies for a #bank in #American history which includes conspiring to violate the #BSA (Bank Secrecy Act) and to commit money laundering.
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Digital payments to wrap up paper-based banking

Dawn 12 Oct 2024
Digital payments, reaching 84 per cent of the overall payment ecosystem, have practically reached close to wrapping up paper-based banking in Pakistan ... The report reflects the visible transformation of banking in the country.
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RBI announces buyback of ₹25,000 crore worth G-Securities through auction on THIS date; check details here

Live Mint 12 Oct 2024
The offers for the auction needs to be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on Oct 17, 2024 between 10.30 am and 11.30 am.
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Record food bank use as Calgarians prepare for Thanksgiving

True North 12 Oct 2024
As Calgarians prepare for Thanksgiving this year, the number of Calgary households relying on food banks daily has more than doubled since two years ago ... She said that now more than 750 households are relying on using the food bank every day.
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EU voices concern over Israeli draft bill threatening UNRWA operations

Muskat Daily 12 Oct 2024
... including the West Bank, East Jerusalem, and Gaza ... ‘This move would endanger critical life-saving services in Gaza and severely disrupt health, education, and social support systems in the West Bank.
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New cross-border payments system pitched at BRICS meeting in Moscow

Tehran Times 12 Oct 2024
TEHRAN - Russia has proposed a new cross-border payment system to be conducted among BRICS countries to circumvent the western financial system, according to the governor of the Central Bank of Iran (CBI) ... .
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Editorial: America slowly making move to cashless economy

Boston Herald 12 Oct 2024
The Bahamas rolled out the world’s first central bank digital currency in 2020 ... currency, it must come up with a better security system than banks are using now.
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