Banking Industry News
A collection of Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The best student bank accounts for 2024
From interest-free overdrafts and cashback, to railcards and an annual Tastecard, there are plenty of freebies and perks on offer from student bank accounts this year. If you're heading off to university in the autumn, it makes sense to open a…
ICICI Bank's Profit Beats Estimates on Strong Loan Growth
ICICI Bank Ltd. reported profit that surpassed analyst expectations as demand for loans held strong in the world's most populous nation, boosting its interest income. Net income rose to 110.59 billion rupees ($1.3 billion) in the three months ended…
Banking Regulators Issue More Warnings About Fintech Partnerships
In a memo released yesterday, the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) have shared increased concerns over the relationships between traditional banks and…
Lloyds Banking Group rises Friday, still underperforms market
Lloyds Banking Group PLC LLOY shares inched up 0.03% to 60.66 British pence Friday, on what proved to be an all-around great trading session for the stock market, with the FTSE 100 Index UKX rising 1.21% to 8,285.71. Lloyds Banking Group PLC closed…
Bank of England's interest rate decision on a knife-edge, economists say
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The Bank of England's next decision on…
Brussels poised to close bank owned by friend of Prince Andrew
A bank owned by a former Tory donor who has close links to Prince Andrew is at risk of losing its operating licence in Europe. Banque Havilland, a private bank headquartered in Luxembourg, has drawn the wrath of regulators in Brussels amid a string…
Bank of England interest rate decision too close to call, economists say
The Bank of England's upcoming decision on interest rates is teetering on a 'knife-edge', according to experts, as borrowers anxiously wait to see if costs will be reduced for the first time in a year. Economists are divided over whether the Bank's…
Eastern Bank hits pause on more M&A as it absorbs Cambridge Trust merger
Eastern Bank Executive Chairman Bob Rivers said the full impact of the Cambridge Trust merger will be discussed during the Eastern Bank's third-quarter report in late October. Already have a paid subscription? Sign in Eastern Bank has been busy the…
Fed's first interest-rate cut won't happen until December: Bank of America
Samuel Corum/Getty Images The Federal Reserve will wait until December to cut interest rates, Bank of America economists say. The forecast runs counter to consensus, with 90% of investors expecting a first cut in September. 'We think the Fed can be…
Weekly Market Outlook: Central Banks And U.S. Earnings. Will The BoJ Hike Rates?
A tumultuous week for global markets fraught with risk, volatility and a whole lot of opportunity is drawing to a close. The tech selloff in US Megacap tech stocks accelerated in the early part of the week, compounded by concerns around growth in…
Aborted plan to sell taxpayers' stake in NATWEST to shareholders cost bank £24m
THE aborted plan to sell taxpayers' stake in NATWEST to individual shareholders cost the bank £24million. The Tory Government had been gearing up to offload the state's 19.9 per cent NatWest stake through a discounted share sale to ordinary…
Man pays dearly after leaving money untouched in bank account for 3 years
✓ Link copied to clipboard! A man was left regretting his decision to put money in the bank and leave it untouched for three years after discovering his account was noticeably depleted. For millions of Americans, setting aside money for…
This bank cut the 5.25% yield on its 1-year CD. Where to find compelling rates
Bread Financial, once home of the 5.25% yield on a 1-year certificate of deposit, has dialed back its rate. The financial institution recently dialed back its annual percentage yield for its 1-year CD to 5.15%. Though the deal is still a compelling…
Yahoo boys' wipe out over N6bn from Nigerian bank's account, share the funds
Hope PSB is reportedly seeking to retrieve over N6 billion fraudulently removed from its account A Report says that the money was transferred out of its platform by yet-be-identified cybercriminals NIBSS report showed that financial institutions…
RBI proposes to tighten banks' LCR norms, releases draft guidelines
In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits. “Banking has…
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