Tag: banks

Gulf on Guard: Kuwait Leads Urgent Economic Shield as Regional Pressures Mount

Mena Asanga Divulweva -
In light of rising geopolitical tensions affecting global trade, finance, and investment, Kuwait has taken prompt action to strengthen...

Australia’s Banks Are Embracing AI – But Are They Ready for the Challenges Ahead?

Science & Tech Piumi Fernando -
The Australian Prudential Regulation Authority (APRA) has expressed greater openness toward banks leveraging artificial intelligence (AI), provided robust regulations...

20,000 Russian accounts closed by the largest bank in Cyprus

Europe admin -
(Commonwealth_ Cyprus) In a significant move reflecting the evolving geopolitical landscape, the Bank of Cyprus has closed approximately 20,000...

Kenya: LGBTQ+ business owners who were turned down by banks…

Africa Warsha De Silva -
Africa (Commonwealth Union) _ In the city of Mombasa, Mary Akinyi, an intersex woman, found herself borrowing money from...

What will the end of Lowe’s Term forge for the economy?

Pacific Piumi Fernando -
Australia (Commonwealth)_As Philip Lowe's term as Reserve Bank governor in Australia nears its end, there is a sense of...

Australian banks revise forecasts

Pacific Piumi Fernando -
Australia (Commonwealth)_Australia's major banks have revised their growth forecasts for the economy downwards, citing reduced household spending in response...
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Who profits the most in lending? 

Maritime and Trade Suraj Atapattu -
According to Fitch Ratings, the Bangladeshi Islamic finance industry is likely to continue growing over the medium-term outlook due...

Banks and stores may run out of cash during the holidays!

Business & Trade Wasana Nadeeshani -
England (Commonwealth Union)_ Since more than 1,000 security personnel who deliver cash to some of the biggest banks and...

According to Moody’s, a fall in asset quality would affect Singapore banks’ profitability in 2023

Business & Trade Wasana Nadeeshani -
Singapore (Commonwealth Union)_ The profitability of the three neighborhood banks will be challenged in 2019 due to a projected...

Introducing the crypto source product for banks from Mastercard

Science & Tech Mayondi Maralande -
(Commonwealth Union)_ In an effort to find new ways to allow banks in its network to offer cryptocurrency-related items...

Kiribatians hold $682m in Australian banks!

Pacific Mayondi Maralande -
Kiribati (CU)_Kiribati is a tiny country in the center of the Pacific Ocean that consists of 33 islands. Of...

Consumer watchdog’s scathing report on big banks’ treatment of Indigenous customers

Business & Trade Veronica Elishya -
OTTAWA (CU)_Back in 2019, the Financial Consumer Agency of Canada (FCAC) conducted a mystery shopping review at six of...

Third of the big four banks to enter BNPL market

Business & Trade Veronica Elishya -
MELBOURNE (CU)_Over the recent years, buy now, pay later schemes have become increasingly popular among Australians, particularly after consumers...

Rate hikes usually work in the favour of Canada’s big banks, but CIBC is taking a cautious stance

Business & Trade Veronica Elishya -
TORONTO (CU)_Interest rates are currently on the rise in Canada, and this is generally expected to work in favour...

European investment banks slip into obscurity, with billions spent…

Business & Trade Veronica Elishya -
LONDON (CU)_Since the beginning of this year, equity capital markets have been on a bumpy ride as a result...

Why are Canada’s big banks under pressure?

Business & Trade Veronica Elishya -
TORONTO (CU)_Canadian banks may not be out of the woods in terms of loan-loss provisions, according to analysts at...