NEWSREPORTASIA.COM: Breaking News, World News, US News 11:00 2019-07-14

Dubai's GEMS to meet banks for $1.65 bln refinancing - LPC news service

Dubai-based GEMS Education is meeting banks in London and New York this week to discuss refinancing worth $1.65 billion, according to LPC, a fixed in...

Dubai's GEMS to meet banks for $1.65 bln refinancing - LPC news service

Source: reuters.com

Kering crown jewel Gucci banks on high-end gems for growth Gucci, the luxury brand that powers most of parent Kering's profits, made its first steps in high-end jewelery on Tuesday with a dedicated store in Paris - part of its bid to expand its reach after a...
22:00 2019-07-02

Dubai-based GEMS hires banks for dual-currency bond issue Dubai-based GEMS Education has hired banks to arrange investor meetings ahead of a potential issuance of international bonds, a document issued by one of the banks leading the deal showed on Wednesday...
12:51 2019-07-17

Bad News on Trade Is Good News for Banks Banks’ revenues from financing cross-border commerce are in the best shape in years, despite President Trump’s threats of Mexican tariffs, stalled progress on a U.S.-China accord and the U.K.’s impend...
02:34 2019-06-10

News Corp developing 'Knewz.com' service to take on Google News: WSJ News Corp is developing a news-aggregation service to compete with Alphabet Inc's Google News and could be launched later this year, the Wall Street Journal reported citing people familiar with the ...
22:00 2019-08-22

Nordic banks agree to fund common payment service Six of the Nordic region's biggest banks have agreed to invest in pan-Nordic instant payment system P27, aiming to integrate payment services in the region into a single platform to help boost busines...
13:51 2019-10-09

Why the News About Europe’s Banks Is Never, Ever Good Europe has too many banks making too little money. The continent’s big lenders appear to lurch from crisis to crisis, burning through chief executives and seemingly endless resets of strategy. The fla...
08:34 2019-07-08

Banks' Credit Must Grow 12% To Meet $5 Trillion Economy Target: SBI PSBs are under pressure to meet the capital adequacy requirements under Basel III and looking at the government support for capital, SBI Deputy MD said....
19:17 2019-09-20

Northern Territory banks on solar to meet new 2050 zero emissions target NT’s Labor government says the territory’s vast solar resources can help it transition to zero net carbon emissions The Northern Territory government has set a target of reaching net zero carbon emiss...
12:17 2019-09-21

Virtual banks could be bad news for small lenders in Singapore, Moody's says Ratings agency Moody's said in a note that Singapore's decision to issue new digital bank licenses to non-banks will increase competition in the sector....
10:51 2019-07-03

THE RISE OF BANKING-AS-A-SERVICE: The most innovative banks are taking advantage of disruption by inventing a new revenue stream — here's how incumbents can follow suit This is a preview of The Rise of Banking-as-a-Service research report from Business Insider Intelligence. Purchase this report. Business Insider Intelligence offers even more insights like this with ...
20:00 2019-09-15

Banks are paying people to borrow money. That’s alarming news for the global economy. Rattled investors are so desperate for a safe place to park their savings that they are paying for the privilege of lending money to European companies and governments....
22:00 2019-08-14

IATA hopes FAA meet will lead to better alignment on MAX re-entering service International Air Transport Association (IATA) director general Alexandre de Juniac said on Tuesday he hoped a Montreal gathering this week of regulators will lead to greater alignment over conditions...
16:00 2019-09-24

NBC launches its free news streaming service True to its word, NBC has launched its free news streaming service. NBC News Now will air live programming between 3PM and 11PM Eastern through both the web as well as the NBC News apps on mobile dev...
22:17 2019-05-29

CBS expands its streaming local news service to Los Angeles CBS has expanded its local news streaming service to Los Angeles after it debuted CBSN New York in December, giving Los Angelenos another way to find out what's happening around town. The ad-supp...
22:34 2019-06-10

Mozilla preps its ad-free news subscription service for testing Mozilla seems to have made significant progress on its Apple News competitor over three months after it was announced. According to various sources, the organization has sent out invites to users, inv...
04:51 2019-07-07

NBC News Now, a free streaming service, launches Monday through Friday NBC News Now, a free entry in the increasingly crowded video streaming news sector, formally launches Wednesday afternoon with eight regular hours of programming weekday afternoons and evenings. NBC N...
10:34 2019-05-30

Apple to Reportedly Improve Its News+ Service After Poor Start Apple's News+ service is reportedly in for a design overhaul, among other improvements. Multiple publishers have been unimpressed with the revenue generated from Apple News+....
10:00 2019-07-01

Apple reportedly promises publishers improvements to its News Plus service Apple News Plus, which you can pay $10 a month for in the US, is a big part of Apple's push into digital services, but a new report suggests that publishers aren't too enamoured with the pla...
20:00 2019-06-30

Kendall Jenner Was So Nervous to Meet Brad Pitt She Left Kanye West's Sunday Service Early! Never meet your heroes...or, at least, that's how Kendall Jenner feels. In this exclusive sneak peek from the supermodel's Thursday night appearance on The Tonight Show, the......
04:00 2019-09-06

UK PM candidate Gove to meet Trump later today: Sky News U.S. President Donald Trump is expected to hold a one-on-one meeting with British environment minister Michael Gove, a contender to replace Prime Minister Theresa May, on Tuesday, Sky News reported, c...
13:51 2019-06-04

Tech news roundup: Amazon Prime Day, EA gaming service’s vulnerabilities, and the basics of multicloud This week’s TechRepublic and ZDNet news stories include the brand battle between Apple and Microsoft, Word documents containing malicious links, and the future of on-premises databases....
21:51 2019-07-03

Tech news roundup: Amazon Prime Day, EA gaming service's vulnerabilities, and the basics of multicloud This week's TechRepublic and ZDNet news stories include the brand battle between Apple and Microsoft, Word documents containing malicious links, and the future of on-premises databases....
20:17 2019-07-03

| Iran drone shot down | Australia, NZ PMs meet: WATCH the top world news videos for today US warship destroyed Iranian drone, says Trump | Morrison says meeting with Ardern was positive - lists things they didn't speak about; here are the top world news videos for today. WATCH....
12:17 2019-07-19

Here's what's driving the refinancing boom CNBC's "The Exchange" breaks down how the housing market is faring amid mortgage rate lows with Redfin's chief economist Daryl Fairweather and CNBC's Diana Olick....
20:34 2019-08-09

'What is Google Meet?': A guide to Google's professional video-conferencing service, including pricing options and how to join a meeting OpturaDesign/Shutterstock Google Meet is a video-conference-calling platform designed primarily for professional use, which links remote colleagues together for real-time interaction. On a basic Goog...
05:00 2019-09-24

Brexit news latest: UK and EU officials meet for crunch weekend talks as hope of deal grows British and EU officials will continue crunch Brexit talks over the weekend as hope that a deal which could break the deadlock over the Irish border continues to grow....
11:51 2019-10-12

Boxing News at Five: Fury wants to fight ‘Big Baby’ on October 5, Linares and Burns set to meet on September 7 in Glasgow Tyson Fury is hoping to fight either Jarrell Miller or Trevor Bryan on October 5, while Jorge Linares vs. Ricky Burns looks done for September 7 The post Boxing News at Five: Fury wants to fight ‘Big ...
18:17 2019-07-08

What this mortgage expert says is behind the refinancing boom Robert Broeksmit, Mortgage Bankers Association president and CEO, joins "Squawk on the Street" to discuss the wave of mortgage refinancing as rates fall....
20:00 2019-08-28

Venezuela says U.S. sanctions hit debt refinancing, oil sales Venezuela charged on Friday that U.S.-led sanctions had stopped foreign debt refinancing, blocked vital food and medicine imports, and cost billions of dollars in lost oil assets....
14:34 2019-07-05

A guide to the world’s most stunning gems Sapphire The most famous sapphire engagement ring in recent history was given by Prince Charles to Lady Diana. Nearly three decades later, their son Prince William used the same ring to pop the questi...
00:34 2019-05-22

20 hidden gems you can find on Amazon for under $10 Amazon has literally everything you need, including some things you didn't know you needed for under $10 like jar grips, jewelry cleaners, and Body Glide.       ...
17:34 2019-07-24

Tottenham Hotspur complete £637 million stadium refinancing "Tottenham Hotspur Football Club have completed a 637 million pound stadium refinancing package that included a bond issue to U.S. investors and a term loan, the company said in a statement."...
13:51 2019-09-20

U.S. home refinancing activity hits three-year high: MBA U.S. homeowners filed the most applications to refinance their current mortgages in over three years as 30-year borrowing costs slipped to their lowest levels since late 2016, the Mortgage Bankers Ass...
17:00 2019-08-21

Mexico's Pemex Sells Bonds for $7.5 Billion in Refinancing Pemex said the refinancing operation is the largest in its history, and that all of the money will be used to refinance existing debt. It was the state oil company’s first foray into international cap...
06:00 2019-09-13

Over 8 million homeowners are leaving big money on the table by not refinancing Refinancing can lower monthly payments, but it can also provide easy money for homeowners with high levels of home equity.       ...
03:51 2019-07-02

More than 8 million homeowners are leaving big money on the table by not refinancing Mortgage rates have been on a roller coaster for the last year, but now they're sitting at the bottom of the track, and that is giving a major boost to the number of borrowers who can benefit fro...
16:51 2019-07-01

Boris Johnson Brexit news LIVE: PM to meet Angela Merkel he battles for backstop breakthrough on first trip abroad as leader Boris Johnson will meet Angela Merkel in his first outing on the world stage as Prime Minister, where he is set to call for the Brexit backstop to be scrapped....
11:00 2019-08-21

U.S. Banks Rush In as European Banks Stumble The retrenchment of Deutsche Bank and other former European financial powerhouses has left a gaping hole in European banking. U.S. banks are filling the void, strengthening their stranglehold on the r...
19:17 2019-07-08

Investors Shun Banks Buying Other Banks Shares of banks buying other banks are underperforming, reflecting investor concerns that potential economic weakness could depress future earnings and portend bigger-than-expected loan losses at targ...
01:00 2019-06-17

Seismic surveyor PGS calls off debt refinancing, shares plunge PGS, the world's largest seismic surveyor, called off a planned debt refinancing on Wednesday, citing worsening investor sentiment toward the oilfield services sector over the past weeks, sending the ...
13:34 2019-06-19

Tottenham Hotspur FC completes 637 million pound stadium refinancing Tottenham Hotspur Football Club has completed a 637 million pound ($798.67 million) stadium refinancing package that included a bond issue to U.S. investors and a term loan, the company said in a......
13:51 2019-09-20

Mexico's Pemex places $7.5 bln of bonds in record refinancing operation Mexican state oil company Pemex said on Thursday it had placed $7.5 billion worth of bonds with maturities of seven, 10 and 30 years that will be used for debt refinancing....
01:34 2019-09-13

Why Can’t New York City Build More Gems Like This Queens Library? The Hunters Point Community Library is one of the finest public buildings New York has produced this century. But it cost more than $40 million, took a decade and almost died....
20:51 2019-09-18

The top 10 'hidden gems' for summer vacation home rentals Vacation rental management company Vacasa has identified "undiscovered towns and smaller cities," with a similar look and feel to the Top 10 destinations its clientele favor....
16:17 2019-06-12

Queens Has a Striking New Library. Why Can’t the City Build More Gems Like This? The Hunters Point Community Library is one of the finest public buildings New York has produced this century. But it cost more than $40 million, took a decade and almost died....
11:17 2019-09-18

We got it wrong: the Autocar team's misjudged motoring gems Original Cayenne was not warmly received, but the model is now viewed for what it is: a practical Porsche No one gets it right all the time, not even our crack team, who confess their worst errors o...
16:34 2019-08-11

Celebrities love blinging out their smiles with tooth gems Tooth gems are noninvasive oral decorations, such as crystals, diamonds, and metal charms, that are bonded to the enamel using UV light and a special glue. Unlike the grills popularized in the 1980s ...
21:00 2019-10-02

Seismic surveyor PGS cancels debt refinancing plan, shares plunge PGS, the world's largest seismic surveyor, called off a planned debt refinancing on Wednesday amid rising market volatility, sending its shares down 24%....
11:17 2019-06-19

People who bought homes in the past 2 years could see 'significant' savings by refinancing now Home loan rates are down about 1.25% from their 2018 peak, "which can translate to $2,200 a year in savings on a $250,000 mortgage," says Mortgage Bankers Association CEO Robert Broeksmit....
20:00 2019-08-28

Fantasy baseball owners can still find hidden gems at closer The MLB trade deadline has passed, and the dust has settled. It is now your responsibility as a fantasy baseball owner to pick up the pieces and figure out how to put this puzzle together for your sec...
07:51 2019-08-04

‘Uncut Gems’ review: The best movie of Adam Sandler’s career This year’s New York Film Festival kicked off with a clear-cut Oscar favorite, Martin Scorsese’s “The Irishman,” and it continued Thursday night with another, more shocking contender: Adam Sandler. Yo...
17:34 2019-10-05

Mortgage refinancing jumps as rates tumble but loans for home purchases drop again Mortgage rates fell for the fourth straight week leading to a surge in refinancing. But mortgage applications for home purchases fell.        ...
18:17 2019-05-22

Tottenham chairman Daniel Levy: Refinancing of debt will have no impact on our transfer ambitions Tottenham chairman Daniel Levy has insisted there will be no impact on the club's transfer activity after refinancing the £637million debt on their new stadium....
13:51 2019-09-20

Uncut Gems review – Adam Sandler shines in frenetic drama A towering performance from the often tiresome actor drives an anxiety-inducing film about a risk-addicted jewelry dealer In Uncut Gems, the Safdie brothers’ anxiety-inducing follow-up to Good Time, w...
03:34 2019-09-11

Gems, Warlords and Mercenaries: Russia’s Playbook in Central African Republic After meddling in the 2016 American election, Russia is using similar tactics in the Central African Republic. But as it sows political chaos, this time it is also seeking diamonds....
15:00 2019-09-30

The art deco pub, the library and Poldark manor: Britain’s architectural gems at risk As Save Britain’s Heritage campaign highlights historic buildings that could be lost to the nation, Cornish estate owners vow to take actionFor viewers of a certain age it is instantly recognisable. B...
17:01 2019-05-25

Watch The Weeknd Fight Adam Sandler In The Intense Uncut Gems Trailer The Weeknd is coming to the big screen! The singer stars in the upcoming Safdie brothers' film Uncut Gems alongside Adam Sandler, which tells the story of a high-end New York City......
23:00 2019-09-24

Fake diamond alert: Don't call lab-made, synthetic gems mined, FTC warns Diamonds are mined and if they're lab-created or synthetic, you have to say as much, the FTC is warning jewelers.        ...
23:00 2019-05-28

Fake diamond alert: Don't call lab-made, synthetic gems real, FTC warns Diamonds are mined and if they're lab-created or synthetic, you have to say as much, the FTC is warning jewelers.        ...
19:51 2019-05-28

Pompeii 'sorcerer’s treasure trove' discovered, with bones, skull charms and gems for rituals Archaeologists have uncovered some incredible treasures buried in Pompeii in recent memory, including an ancient fast-food joint, a long-lost fresco and a the buried remains of a racehorse....
20:00 2019-08-13

Microsoft's Skype-to-phone calling service is now registered as a telecom service in the Netherlands Microsoft's Skype service for calling landlines and mobile phones officially has been designated as a telecom service in the Netherlands and is required to meet the same obligations as other telco ser...
02:34 2019-08-22

‘I Waited Eight Years.’ Meet the K-Pop Superfans Who Spent Their Savings to Meet Their Favorite Idols In her room at the AC Hotel in Times Square, Hayley Baye selected her outfit with purpose. For her first time at KCON, the Korean culture convention featuring performances from some of K-pop’s b...
00:17 2019-07-25

Duchess, Meet Queen? Beyoncé and Meghan Markle May Meet at The Lion King’s London Premiere They’re two of the world’s most famous women (with equally famous husbands), are both working moms, share a few famous friends and both even sport royal titles (albeit one slightly more official than ...
23:51 2019-07-01

Trump says he wants to meet whistleblower: 'I deserve to meet my accuser' President Donald Trump on Sunday escalated his rebuke of the anonymous whistleblower at the center of the mounting Ukraine controversy after House Democrats launched an impeachment inquiry against him...
13:00 2019-10-01

Latest Steam hardware survey is good news for Intel and Nvidia, bad news for AMD The latest Steam Hardware & Software Survey is out, giving us a glimpse of what kind of rigs gamers are using when playing on Steam – and it looks like Windows 10, Intel and Nvidia are dominati...
13:34 2019-07-03

News Corp. exec slams online platforms’ stranglehold on news content The general counsel of News Corp., the Post’s parent company, appeared Tuesday before a House subcommittee scrutinizing the technology industry’s stranglehold on traditional media companies. “Th...
09:00 2019-06-12

News Corp Readies News App to Address Publishers' Concerns About Google and Facebook News Corp is developing a news-aggregation service meant to address concerns that Alphabet’s Google News and other digital platforms don’t reward publishers’ work adequately and play down articles fro...
01:00 2019-08-23

News Corp exploring potential sale of News America Marketing business Wall Street Journal-owner News Corp said on Tuesday it was evaluating options for its News America Marketing (NAM) business, including a potential sale....
16:51 2019-06-18

Facebook Watch thrives with breaking news, 'Fox News Update' with Shepard Smith One year after Facebook Watch debuted as a dedicated section of the social media giant for news, shows such as “Fox News Update” with Shepard Smith are drawing significant audiences and the program wi...
14:51 2019-06-12

Fox News' Shepard Smith steps down as chief news anchor and departs from network Shepard Smith, the network's chief news anchor and managing editor of its breaking news unit, has worked at Fox News since its inception in 1996.        ...
15:51 2019-10-12

Trouble in paradise: Trump attacks Fox News – and Fox News hits back Neil Cavuto becomes the latest network host to reject Trump’s criticism, saying: ‘My job is to cover you, not fawn over you’The honeymoon between Donald Trump and his TV network of choice is showing s...
02:34 2019-08-31

Are Fox News and rightwing news making plans for a post-Trump future? Many Fox anchors have become more stridently critical of Trump following the revelations of the impeachment inquiryIt’s often said that hosts on Fox News are playing to an audience of one. Increasingl...
23:17 2019-10-11

In Shocking Twist, Fox News Calls Trump's Claim 'Fake News' Fox News talking head Laura Ingraham hosted a D-Day interview with President Trump, which if you didn’t see it, went something like this: “blah-blah-blah Nancy Pelosi and Chuck Schumer don’t want me t...
17:51 2019-06-10

News Corp Readies News App to Address Concerns About Google and Facebook News Corp is developing a news-aggregation service meant to address concerns that Google News and other digital platforms don’t reward publishers’ work adequately and play down articles from certain t...
14:00 2019-08-23

Man City vs Tottenham lineups: Confirmed team news, predicted XIs and latest injury news Pep Guardiola and Mauricio Pochettino face a big test in just the second game of their Premier League seasons as Manchester City host Tottenham on Saturday....
19:34 2019-08-16

The growing divide between Fox News' pro-Trump opinion hosts and news anchors is on full display AP A tonal rift between Fox News' opinion hosts and anchors became more apparent amid the whistleblower scandal that has clouded Capitol Hill this week. During Fox News anchor Shepard Smith's show on...
11:00 2019-09-27

Fox News' Shepard Smith steps down as chief news anchor, departs network, stuns colleagues Shepard Smith, the Fox News anchor who made headlines for on-air criticisms of President Donald Trump, has departed the conservative-leaning network.        ...
15:51 2019-10-12

Real Madrid news LIVE: Transfer news and rumours, Champions League draw and Villarreal up next After a difficult pre-season, Zinedine Zidane's side kicked off their campaign in La Liga with a 3-1 win away to Celta Vigo on August 17, but some familiar failings returned in Saturday's 1-1 draw at ...
11:00 2019-08-27

PS5 games news: Bad news Xbox, Sony PlayStation could bring back this huge game exclusive Sony looks like it could be staffing up to bring back a massive PlayStation exclusive franchise - here's what you need to know about the studio's potential future plans....
12:17 2019-07-05

Nintendo News: Bad news for Switch fans ahead of Animal Crossing E3 2019 game updates? A press release from Nintendo has given gamers some cool stuff to look forward to... but there's one notable absence that some people are very unhappy about....
17:01 2019-06-09

News Corp is apparently working on a news app called 'Knewz' News Corp wants to give people an alternative to Google News and Apple News. The media company that owns Dow Jones Newswires and HarperCollins is working on its own news aggregation service, reported ...
01:34 2019-08-23

Sarah Sanders to join Fox News as contributor – live news Trump’s former press secretary will make her debut appearance next month on the president’s favorite show, Fox & FriendsSign up to the US briefing and get a new perspective 9.19pm BST Earlier on Thurs...
22:34 2019-08-22

News Corp to Consider Selling News America Marketing Unit News Corp said it is reviewing its options for its News America Marketing business, which could include a potential sale of the coupon publisher, as the company looks to focus on core areas of its bus...
16:17 2019-06-18

Facebook's News Tab curators told not to censor news about the company Facebook confirmed in August that it's using a small team of journalists to pick the top stories for its upcoming News Tab section. Now, The Information has revealed more details about the guidel...
19:34 2019-09-11

Rugby World Cup fixtures and news LIVE: Billy Vunipola injury latest, Wales team news and more Report: New Zealand warm to the task in 11-try win over Namibia Report: France cling on to book spot in Rugby World Cup quarter-finals Rugby World Cup leading try scorers...
16:51 2019-10-07

Democrats Had a Good News, Bad News Day on the Mueller Report House Democrats conducting oversight of the Trump Administration are fighting a war on two fronts: using every legal recourse available to get more information while holding hearings to raise public a...
09:51 2019-06-11

Important: Download the new “News 4 Tucson – KVOA” news app now This version of the KVOA News 4 news app for Apple devices is being phased out and will no longer deliver the news, sports and weather coverage you expect. We encourage you now to delete this app and ...
01:00 2019-09-05

Democratic contenders bash Fox News on Fox News NEW YORK (AP) — Julian Castro is the latest Democratic presidential contender to follow the trend of criticizing Fox News Channel while appearing on the network for a town hall. The former Housing sec...
01:17 2019-06-15

Identify Fake News With the 'Bad News' Web Game Last year we told you about Bad News, a web game that teaches you about misinformation by putting you in the role of a trolling media tycoon. Now, the game’s creators have evidence that the game works...
08:17 2019-06-28

Win for local news? Facebook expands new tool aiming to shrink 'news deserts' Facebook's "Today In" service will expand to 6,000 cities and towns across the U.S., the company announced Thursday.       ...
20:34 2019-09-12

How U.S. Banks Took Over the World A decade after fueling a crisis that nearly brought down the global financial system, America’s banks are ruling it, earning the majority of global investment-banking fees, merger fees and stock commi...
17:34 2019-09-04

The squeeze is on and banks will be feelin’ it We already know that savers have been hurt for a decade by extra-low interest rates. But now banks are also feeling pain. As you probably heard, the Federal Reserve’s policy-making committee is meetin...
05:51 2019-09-17

Brazilian banks carry on regardless The rapid fall in interest rates in Brazil, from a peak of 14.25% in 2016 to 6.5% in February 2018, created expectations among analysts that the biggest banks’ famously high net interest margin was fi...
19:34 2019-07-31

Banks: III review – her best album yet (Harvest)Jillian Rose Banks has spent the past six years making fascinating, sedated songs that vacillate between trap-pop and R&B. Now, with music’s dominant sound moving in her direction, the Los An...
10:00 2019-07-14

Banks Had to ‘Dig in the Mud’ to Make Her New Album III Singer-songwriter Jillian Banks, known as Banks, helped popularize the brooding R&B sound that’s dominated pop this decade. Now, after a two-year self-imposed hiatus, she returns with her third ...
19:51 2019-07-11

Banks Get Some Relief in Volcker-Rule Changes Banks are on the verge of getting some relief from Volcker-rule limits on speculative trading, one of the industry’s priorities in amending the regulations put in place after the financial crisis....
13:00 2019-08-21

Is it time for Asian banks to go global? As Asia’s share of world GDP and global capital increases, the trend among Asia-based banks is for regional rather than global expansion. The region’s leading chief executives explain their approach t...
14:51 2019-05-21

U.S. Fed's Daly says banks need to do right by customers, communities Banks need to change their internal cultures if they are to combat competition from technology companies for customers soured on traditional financial institutions after the 2007-09 financial crisis, ...
05:34 2019-06-03

Here are the 12 banks who advised on the most M&A activity in the 3rd quarter Lucky-photographer/Shutterstock There have been several mergers and acquisitions in 2019 that are set to reshape the dynamic of industries such as defense, pharmaceuticals, and energy. Mergermarket ...
23:00 2019-10-04

GRAPHIC-Take Five: Of Fed-aches and other central banks Investors around the globe are bracing for a second rate cut from the U.S. Federal Reserve at its policy-setting Federal Open Market Committee on Sept. 17-18....
18:34 2019-09-13

Veteran NFL writer Don Banks dies at 57 Veteran NFL writer Don Banks died in his sleep the day after attending the 2019 Pro Football Hall of Fame enshrinement ceremony in Canton, Ohio. He was 57....
15:17 2019-08-05

Brazil's XP Investimentos hires banks for U.S. IPO Brazilian financial services firm XP Investimentos has hired investment banking units of JPMorgan Chase & Co, Goldman Sachs and Morgan Stanley to manage an initial public offering in the United States...
01:34 2019-09-13

What a ‘Direct Listing’ Is, and Why Banks Are Nervous Hot technology startups have traditionally raised the cash they needed to break into the big time through initial public offerings. IPOs became synonymous with instant wealth for company founders and ...
18:00 2019-06-19

Banks can help to alleviate the refugee crisis Humanitarian crises are emerging market issues and local banks are the best way to distribute aid. Banks should make it easier and cheaper to get funds to them....
16:34 2019-05-21

Why Central Banks Down Under Are Finally Talking QE Australia and New Zealand’s central banks are pondering what until recently seemed unthinkable: deploying the types of extreme monetary policies that were spawned globally by the 2008 global financial...
23:34 2019-08-21

The best USB power banks for phones and tablets By Sarah Witman This post was done in partnership with Wirecutter. When readers choose to buy Wirecutter's independently chosen editorial picks, Wirecutter and Engadget may earn affiliate commis...
03:34 2019-06-08

The banks are back with another big credit bubble Financial regulators need to rein in the growth of high-risk, high-yield lending to business. If they wait to act until they can say with certainty that a credit bubble is about to burst, they’ve wait...
04:34 2019-06-01

Japanese Banks Are Circling the Drain Banking in a country where almost nobody defaults sounds easy. For Japan’s lenders, it is anything but. After almost three decades of near-zero, zero, and now negative interest rate policies, Tokyo ha...
03:00 2019-08-07

Brian Banks knows that it’s an inspirational drama but isn’t quite sure why “Freedom doesn’t just start on the football field,” intones Brian Banks (Aldis Hodge) at the outset of his semi-inspirational, semi-harrowing true story, correcting naïve audience members who had, un...
00:00 2019-08-07

International investment banks: It’s all about China International IBs pride themselves on the diversity of their business in Asia Pacific, but a bank without a decent China business in this region is nowhere. It is the engine of both regional and globa...
15:17 2019-05-21

Banks Get the Late-Cycle Blues Quarterly results from a trio of big U.S. lenders showed slowing loan growth and declining net interest margins. Goldman Sachs looks less impacted than peers thanks to a diversification drive but, if ...
19:51 2019-07-16

Jonathan Banks will be in the Breaking Bad movie… somehow Last night, Netflix interrupted the Emmys with another teaser for El Camino, the Breaking Bad movie, revealing a nervous-looking Jesse Pinkman listening to the radio in the immediate aftermath of the ...
07:34 2019-09-24

Khartoum banks shuttered on second day of opposition strikes Banks in the Sudanese capital Khartoum were closed on Wednesday on the second day of strikes organized by protest and opposition groups to pressure military rulers to cede power to civilians....
01:00 2019-05-30

How multilateral development banks moved to Asia The alphabet soup of multilaterals in the region has become hard to understand during the past decade, so Euromoney tries to read between the acronyms to assess what impact they will make....
15:17 2019-05-21

Facebook Says Central Banks Have Nothing to Fear From Libra Facebook is once again defending Libra -- this time against fears that the envisioned cryptocurrency could replace sovereign currencies from the US dollar to the Euro and threaten central banks'......
23:51 2019-09-18

A New Central Bank Approach: Pay Banks to Lend If you think negative interest rates are weird, brace yourself: The European Central Bank is about to start lending to some banks at less than it pays them for putting money on deposit....
15:51 2019-09-17

Warren Buffett Is a Huge Backer of U.S. Banks Warren Buffett’s Berkshire Hathaway holds nearly $100 billion in financial-services stocks, underscoring the size of the billionaire investor’s ongoing bet on the future of the U.S. economy....
04:00 2019-08-15

New North Korea sanctions would tell Chinese banks: It's us or them A new round of sanctions targeting North Korea would force Chinese banks to choose between doing business with the United States and doing business with North Korea....
07:34 2019-06-28

African Americans underserved by U.S. banks: study Many African Americans have difficulty accumulating savings in part because they lack access to mainstream financial services like banking, a new study on the contributing factors to the U.S. racial w...
15:34 2019-08-13

German banks already trying to sublease One Vanderbilt space German banks that leased the full 26th floor at One Vanderbilt are now trying to sublease the space before they even move in. Back in 2017, DZ Bank and its affiliate, DVB Bank, the No. 2 bank in Germa...
04:51 2019-10-09

Banks Can Now Use Aadhaar For Identity Verification With Consent The RBI specifies Know Your Customer (KYC) norms to be followed by banks and other entities regulated by it for various customer services, including opening of bank accounts...
05:34 2019-05-30

Banks Set to Win $40 Billion in Relief From Postcrisis Rule Banking agencies moved to ease a postcrisis rule that could free up nearly $40 billion for big global banks, the latest regulatory victory for Wall Street....
02:17 2019-09-18

What’s Suspicious? Here’s How Banks Apply the Smell Test The phrase “if you see something, say something” isn’t just about packages left on the subway. Banks around the world have a similar duty. The first line of defense against money laundering and other ...
22:51 2019-05-23

Fed Wants to Teach Banks Through Stress Tests, Not Fail Them A top Federal Reserve official said his agency’s tests of whether big banks can withstand a future economic shock need to be more predictable and easier for firms to pass....
01:00 2019-07-10

As Banks Report Earnings, Fed Looks to Take Away the Punch Bowl Big banks start reporting earnings Monday, and investors will be watching for signs of how much the Fed’s change in policy could hurt their business....
21:17 2019-07-14

Top banks' commodities revenue up 6 pct in first quarter - report Commodities-related revenue at the 12 biggest investment banks was 6% higher in the first three months of this year than in the same period in 2018 thanks to increased earnings from oil, consultancy C...
13:17 2019-05-30

Fed Gives Large Banks a Break on Postcrisis Rules The Federal Reserve approved some of the most significant rollbacks of bank rules since Trump took office, setting up a new way of deciding which large banks are hit with its toughest regulations....
13:51 2019-10-11

Mexico: Banks free Pemex from bondage HSBC, JPMorgan and Mizuho lend Mexico’s oil company $8 billion after investors show no interest in non-deal roadshow – and that’s the least of the firm’s problems....
19:34 2019-05-23

Robber has hit 12 banks, making off with $11K over month: cops A brazen thief has been connected to a dozen broad daylight bank robberies in Manhattan, where he made off with a total of $11,000, cops said Thursday. The thief, who cops have identified as Joseph Ri...
00:34 2019-10-04

Nirmala Sitharaman Says Banks Have Sufficient Liquidity Finance Minister Nirmala Sitharaman said on Monday that there is sufficient liquidity in the banking system. Addressing the media after a meeting with chiefs of public sector banks, the Finance......
15:51 2019-10-14

Banks Flood the Fed With Demand for Two-Week Loans Banks on Tuesday flooded the Federal Reserve Bank of New York with demand for new two-week loans—more than twice what the central bank was offering—in a sign banks could need more cash than Fed offici...
19:34 2019-09-24

RBI To Enhance Monitoring Of Shadow Banks: Shaktikanta Das The comment comes at a time when there are fears that India may be facing a major crisis in its shadow banking sector after shares of mortgage lender Dewan Housing Finance Corp Ltd (DHFL) plunged this...
13:51 2019-06-09

Don't have a down payment for a house? Banks might have a deal for you About 69% of prospective home buyers say the big barrier to buying is saving enough for a down payment and costs, says a new Bank of America survey.       ...
14:34 2019-09-06

Koepka banks on caddie's local knowledge American Brooks Koepka believes he has a "big advantage" in this week's British Open in the form of his local-born caddie who grew up playing on Royal Portrush....
23:34 2019-07-16

European banks are ahead of the millennial zeitgeist Europe’s banking sector’s investment in fintech and ESG merits more confidence than their exposure to negative European Central Bank rates might suggest. On these counts, the US banks may be lagging....
14:51 2019-09-16

Carlyle picks banks for PA Consulting sale The private equity backers of PA Consulting Group, one of the world's oldest management consultancies, have hired bankers to help review options for the future ownership of the business....
17:00 2019-08-06

Slovenian banks Jan-May profit up 16.4%, bad loans fall Slovenian banks had a joint net profit of 268.3 million euros ($301.46 million)in the first five months of 2019 versus 230.5 million in the same period of last year, the Bank of Slovenia said in its ...
10:51 2019-07-18

'More transparency' needed on who banks are financing, says investor Eric Borremans of Pictet Asset Management discusses the investment strategy that takes into account environmental, social and corporate governance factors....
08:00 2019-07-05

Preserve your ammunition, BIS urges top central banks Bank for International Settlements (BIS) chief Agustin Carstens has urged top central banks to preserve their ammunition for more serious economic downturns rather than deplete it chasing higher growt...
12:51 2019-06-30

'UFO' spotted off NC's Outer Banks, video goes viral A video showing a series of unidentified flying objects over North Carolina's Outer Banks has gone viral on YouTube, racking up more than 370,000 views....
01:51 2019-10-09

The German Tax-Dodge Probe That’s Roiling Banks The investment seemed virtually risk-free, guaranteeing hefty returns after only a short season of trading. By exploiting how Germany once taxed dividend payments, dozens of bankers, brokers and lawye...
20:00 2019-06-28

Banks Stay Gloomy on Oil, Shrugging Off Attacks Strikes on Saudi oil facilities that knocked out 5% of global supply earlier this month have done little to shift sentiment among investment banks about the prospects for oil markets....
14:00 2019-09-27

Warren’s plans for Big Tech and Big Banks are big trouble Last week, Elizabeth Warren made it clear she wants to reign in the banks and Wall Street, and break up Big Tech. What dumb ideas. Perhaps the lawyer-turned-overpaid-professor-turned-senator does not ...
06:17 2019-09-16

12 State-Run Banks Instead Of 27 In Government's Mega Mergers State-run banks will be merged to form a dozen strong lenders, Finance Minister Nirmala Sitharaman announced on Friday. The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge.....
20:00 2019-08-30

Banks Want Reassurance on Payday-Type Loans Some lenders want to get back into the business of offering short-term, small-dollar loans to cash-strapped customers but are wary of running afoul of regulators....
00:00 2019-09-07

In a fracturing world, central banks still stuck together The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression....
13:34 2019-09-11

The Fed’s plan to speed up payments despite banks’ resistance Most countries today settle and clear retail bank transfers within minutes if not seconds. In the US it takes days -- and the banks want it that way.Read More...
09:00 2019-08-13

Foreign-Owned Banks’ Results Could Sweeten Further Under Tax Law Large U.S. financial institutions reaped a windfall from the 2017 Trump tax cuts. Now foreign banks are pushing for favorable treatment from Treasury....
14:00 2019-07-19

Banks Confront Fed on Faster Financial Payments Big banks are fighting a likely U.S. government effort to speed up how money moves through its payments system, arguing this could derail their private network....
19:17 2019-08-04

SBI Says Monitoring Exposure To Shadow Banks "Very Closely" A series of defaults at lender Infrastructure Leasing and Financial Service Ltd last year raised concerns about the country's shadow banking industry...
20:17 2019-06-06

Fed Votes to Lighten Regulations for All but the Largest Banks Banks including Capital One, U.S. Bancorp, Barclays and Credit Suisse can file ‘living wills,’ which describe how they would wind down in a failure, less often....
00:51 2019-10-11

'On Tap' Licensing For Small Finance Banks Under Study, Says RBI The Reserve Bank of India (RBI) on Thursday said it was considering 'on-tap' licensing facility for small finance banks and proposed to issue the draft guidelines by the end of August....
20:17 2019-06-06

Electric bus maker Proterra hires banks for IPO -sources Proterra Inc, the U.S. electric bus manufacturer whose investors include car makers Daimler AG and BMW AG, has hired investment banks to prepare for an initial public offering (IPO), according to peop...
16:51 2019-07-03

Here's A Comparison Of Monthly Average Balance Requirements In Top Banks Banks such as State Bank of India (SBI), HDFC and ICICI Bank charge a penalty from the customers failing to maintain the required monthly average balance in their savings accounts....
09:00 2019-08-14

These are the top 15 US banks ranked by the mobile banking features consumers value most This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. This report is exclusively available to enterprise subscribers. To learn more ab...
09:00 2019-08-14

CORRECTED-Topgolf seeks to hire banks for IPO -sources U.S. golfing center operator Topgolf International Inc is in talks with investment banks about hiring underwriters for an initial public offering (IPO), people familiar with the matter said....
20:51 2019-10-08

Top Australian banks join IBM, Scentre in blockchain project Australia's top three banks said on Thursday they have agreed to partner with IBM and shopping mall owner Scentre Group to test blockchain technology to digitise bank guarantees....
04:17 2019-07-04

Latvia criticised for choosing banker to police banks Latvia's appointment of a banker to supervise the sector is threatening a conflict of interest, Transparency International said on Friday, following a series of financial scandals in the Baltic state....
17:17 2019-09-20

They Rode Out Dorian in the Outer Banks. Now Comes the Hard Part. After Ocracoke Island, N.C., was evacuated, residents who stayed behind saw their village inundated by a storm surge. In its wake, they are taking stock of flooded homes, wrecked businesses and upende...
07:00 2019-09-09

How Politics Constrain Federal Reserve and Other Central Banks Top economists will meet in Jackson, Wyo., this week for a meeting sponsored by the Kansas City Fed. But politicians gathering in France hold the real keys to the economic future....
01:00 2019-08-23

Banks Set To Remain Closed For 4 Days This Week: 10 Things To Know Four unions of public sector bank (PSB) officers are set to go on 2-day strike on September 26-27, opposing the consolidation of 10 state-run lenders into four. As a result, several banks will be shut...
02:00 2019-09-24

Things Can Get Worse for Japan's Struggling Regional Banks Ultralow interest rates are making it a miserable year for Japanese banks, with many stocks hitting historic lows. The bad news is that things can still get worse....
21:34 2019-08-19

Charges Levied By Top Banks In Case Of A 'Cheque Bounce' Cheque bounce is a 'dishonour of cheque' that happens when the account holder has non-sufficient funds (NSF) in the bank account or if the signatures on the cheque do not match with the original......
15:17 2019-06-01

UPDATE 1-Topgolf seeks to hire banks for IPO -sources U.S. golfing center operator Topgolf International Inc is in talks with investment banks about hiring underwriters for an initial public offering, people familiar with the matter said....
20:51 2019-10-08

Hyundai Card asks banks to pitch for IPO roles Hyundai Card, the credit card unit of Hyundai Motor Group, said on Tuesday it has asked banks to submit proposals this month for roles in a possible initial public offering....
07:51 2019-10-08

Things Can Get Worse for Japan's Immiserated Regional Banks Ultralow interest rates are making it a miserable year for Japanese banks, with many stocks hitting historic lows. The bad news is that things can still get worse....
16:34 2019-08-19

BOE's Carney: Central Banks Have Weapons to Fight Next Downturn The possibility of a slowdown “has gone up” around the world but the world’s major central banks still have the capability of responding, Bank of England Governor Mark Carney said....
03:34 2019-09-11

Hong Kong banks take out newspaper ads to call for order Major Hong Kong banks including HSBC and Standard Chartered have published newspaper ads calling for the preservation of law and order and condemning violence, as pro-democracy protests showed no sign...
22:00 2019-08-22

BoE: UK banks can withstand Brexit and trade war double-whammy Britain's financial system is strong enough to cope with the shock of a trade war-driven global slowdown even if it coincides with a "disorderly" Brexit, the Bank of England has said....
15:51 2019-07-11

Man sought after allegedly robbing multiple Tucson banks TUCSON – A man is wanted in connection to multiple bank robberies across the Old Pueblo, Tucson Police Department reported Wednesday morning. TPD said the most recent bank robbery occurred on Ju...
23:00 2019-07-03

San Francisco Fed Wants to Reward Banks for Climate-Change Loans The Federal Reserve Bank of San Francisco says banks can get extra credit for making loans that help communities adapt to climate change and prepare for future natural disasters....
04:34 2019-06-18

Irish Banks Battered as Disorderly Brexit Looms Some of the stocks worst hit by Brexit uncertainty aren’t in the U.K.: They are Irish banks. The Republic of Ireland’s two largest lenders are among the worst-performing European banks this year....
20:34 2019-09-09

Dollars in the detail: banks pan for gold in 'data lakes' From sending special offers on restaurants to burger-loving current account holders to selling anonymized credit card records, banks are racing to monetize the huge troves of data they hold....
20:00 2019-06-21

Conservation finance: Can banks embrace natural capital? Climate is no longer the only risk in town: thanks to a loud call from the scientific community, nature has finally been given a seat at the table with finance ministers, regulators and central bank g...
14:17 2019-10-08

"Ask Your Banks...": Vijay Mallya On Being Trolled Over Chris Gayle Pic Businessman Vijay Mallya, who is facing extradition to India over charges of fraud and money laundering amounting to Rs. 9,000 crore, was subjected to heavy trolling on Saturday after West Indies......
15:01 2019-07-14

In A Fracturing World, Central Banks Stuck Together In Zero-Sum Battle The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression....
08:00 2019-09-11

ATM Charges Levied By Banks For Making Cash Transactions The ATM charges apply depending on the type - whether it belongs to the same bank where the customer's account is located or some other bank - and nature of ATM - whether the ATM is located in a......
13:34 2019-08-10

Germany planning to set 0.25% countercyclical capital buffer for banks Germany's Financial Stability Board suggested the introduction of a countercyclical capital buffer of 0.25% for banks to ensure lending should there be a sustained downturn in Europe's largest economy...
17:34 2019-05-27

"Know Your Customer" Norms: Banks Allowed To Use Aadhaar For Verification Banks can now accept the proof of owning an Aadhaar for Know Your Customer (KYC) verification under certain conditions. According to a statement by the Reserve Bank of India (RBI), the Aadhaar number....
14:34 2019-05-30

Government Should Focus On Agriculture, Shadow Banks, Says SBI Research In its research report, SBI's Economic Research Department said that ideally government should keep the fiscal deficit numbers constant for the next two years...
02:17 2019-07-03

Swiss banks see growth shifting to EU if no treaty is struck Swiss banks will have to shift more operations to the European Union if Switzerland fails to secure a treaty with the trading bloc, Geneva private bankers said on Tuesday....
19:51 2019-10-08

U.S. banks limp away from hopes of interest margin expansion Big U.S. banks are under pressure again, as policymakers around the globe have dashed any hopes that the industry might finally be able to earn more money on loans, after more than a decade of......
01:34 2019-08-08

Want To Open A Zero Balance Savings Account? Here's What Top Banks Offer Major commercial banks such as public sector lender State Bank of India (SBI) and its private sector peer HDFC Bank offer zero balance accounts such as BSBD accounts....
14:00 2019-08-11

Fed Injects More Into Money Markets After Banks Bid Heavily for Funds The Federal Reserve Bank of New York saw huge demand from banks as they rushed to bid on the $75 billion on offer in a second day of intervention to ease a crunch in overnight funding markets....
12:51 2019-09-19

Expected Volcker Rule Update a Win for Large Banks An update of the Volcker rule expected next week will deliver a victory to large banks that have fought regulators’ efforts to clarify trading definitions, said people familiar with the matter....
05:00 2019-08-17

Dorian: Help arrives for stranded Outer Banks residents Hurricane Dorian has slammed North Carolina, leaving tens of thousands without electricity as help arrives for about 800 stranded in the Outer Banks....
18:00 2019-09-07

UAE banks are embracing financial technology to evolve and grow Fintechs (financial technology) are disrupting the financial markets across the world and have become the driving force for having a direct impact on banks’ business or customers’ bottom...
12:34 2019-09-12

The best power banks of 2019: portable chargers to keep your gadgets going Power banks are one of the ultimate accessories for the modern gadget lover to have stowed away at the bottom of their bag. Whether it's to recharge your phone, laptop, Nintendo Switch or an...
18:17 2019-06-20

Big Banks' Trading Desks Suffer Despite Market Rally Three big U.S. banks say their trading revenue was on track to fall roughly 5% in the second quarter from a year earlier despite a rebound in stocks in 2019....
19:17 2019-06-28

RBI's Rate Cut To Help If Banks Pass On Benefits To Businesses: India Inc RBI rate cut: This year alone the RBI has cut rates by 1.1 percentage point while banks have passed on an average of only 0.29% to customers, industrialists said....
22:00 2019-10-05

Dollars in the detail; banks pan for gold in 'data lakes' From sending special offers on restaurants to burger-loving current account holders to selling anonymised credit card records, banks are racing to monetize the huge troves of data they hold....
08:17 2019-06-21

Moody's downgrades outlook for global investment banks Ratings firm Moody's downgraded its outlook for global investment banks (GIB) Tuesday from "positive" to "stable" citing the slowdown in growth, and lower or negative interest rates....
03:34 2019-08-28

Banks pass the pain of negative rates to their depositors Any market sell-off in advance of coming recession will raise the cost for banks of holding their customers’ cash and make them look again at open banking....
23:34 2019-08-27

Markets Right Now: Banks lead early gains for US stocks NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Banks were leading stocks higher in early trading on Wall Street after the Federal Reserve gave many of the...
15:51 2019-06-28

Student housing giant IQSA banks on £3.5bn deal The owners of one of Britain's biggest student housing providers have appointed advisers to oversee a sale or stock market listing of its £3.5bn property portfolio....
20:34 2019-09-25

Macaskill on markets: Investment banks and the sharing economy Bankers in Europe have discussed pooling resources across different institutions for some years, as the threat from bigger US rivals has become painfully obvious....
16:34 2019-09-13

Armed robber holds up two banks with a ripe avocado Holy guacamole, this guy’s got stones. A 47-year-old man in Beersheba, the largest city in Israel’s Negev desert, has been arrested for aggravated robbery after stealing nearly 30,000 Isra...
00:51 2019-06-11

Dramatic rise in Germans relying on food banks The number of people visiting food banks in Germany has increased by 10%. The non-profit Tafel organization is taking Germany to task for neglecting its most vulnerable and wasting massive amounts of ...
16:51 2019-09-18

'Goliath Is Winning': The Biggest U.S. Banks Are Set to Automate Away 200,000 Jobs Over the next decade, U.S. banks, which are investing $150 billion in technology annually, will use automation to eliminate 200,000 jobs, thus facilitating “the greatest transfer from labor to capital...
19:00 2019-10-03

Reforms Have Made Banks Safer but Markets More Brittle Since the financial crisis, the U.S. financial system in many ways is much safer. Yet the channels that carry cash and securities between investors, banks and foreigners repeatedly clog on stresses th...
23:34 2019-09-25

Why Polish Banks Face a Reckoning Over Franc Loans It was too good a deal to pass up. Starting more than a decade ago, Poles got the chance to take out mortgages denominated in Swiss francs with interest rates less than half the prevailing level for l...
17:34 2019-09-03

Nicaragua warns banks of sanctions if they join strike Nicaragua's finance minister warned banks Wednesday that the government will sanction those that participate in a general strike scheduled for Thursday to pressure for the freeing of political prisone...
00:51 2019-05-23

RBI Asks Banks To Link Some Loans To External Benchmark The RBI said lenders would now have to link all new floating rate personal or retail loans and floating rate loans to MSMEs to an external benchmark....
07:34 2019-09-05

World's central banks tackle technology with innovation hub Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by ...
15:34 2019-06-30

Activists urge banks not to finance Ugandan oil pipeline A group of 30 international and local campaign groups have petitioned two banks to abandon plans to raise funds to build an oil pipeline to export Ugandan oil, saying the project would damage local li...
15:00 2019-06-07

Purdue Pharma owners hid millions in Swiss banks: NY AG The family that owns OxyContin maker Purdue Pharma used Swiss bank accounts to conceal the transfer of millions of dollars from the company to themselves, New York state’s attorney general conte...
02:00 2019-09-14

California Senate OKs Special Banks for Marijuana Retailers SACRAMENTO, CA – The California Senate has voted to allow special banks to handle money from legal marijuana retailers. Recreational marijuana use has been legal in California since January 2018...
02:00 2019-05-22

Mexico's Leftist President Emerges as Unlikely Friend to Big Banks Andrés Manuel López Obrador believes a greater reliance on banks will lead to a reduction in Mexicans’ dependence on untraceable cash transactions, while expanded access to the financial system could ...
04:17 2019-05-22

Political war: General Johnson banks on the element of surprise Military strategists from the ancient Chinese war leader Sun Tzu to the French general Napoleon Bonaparte have trumpeted the element of surprise in any conflict....
02:34 2019-08-29

UK's interfaith food banks are filling welfare gaps As poverty levels in the UK increase many of those affected are turning to food banks run by churches and mosques to get by. Damaging welfare cuts by the government are exacerbating an already dire si...
02:00 2019-06-30

Banks To Hold Loan Melas From Tomorrow: 10 Things To Know Banks will organise the first phase of "loan melas" in 250 districts starting from Thursday. An outreach programme initiated by government banks, the "loan melas" are aimed at meeting the demand of......
06:34 2019-10-03

Banks could reap $100 million in fees from LSE-Refinitiv deal A pool of ten investment banks working on the London Stock Exchange Group's $27 billion purchase of financial-data business Refinitiv could reap advisory fees of up to $100 million, according to indus...
22:34 2019-08-01

Here is a list of the largest banks in the United States by assets (JPM, BAC, C, WFC, GS, MS, USB, PNC, TD, COF) Business Insider Intelligence is launching its brand new Banking coverage in early September. To obtain a free preview of our Banking Briefing, please click here. The Federal Reserve has rolled out a...
01:34 2019-09-28

World's central banks to tackle technology with BIS innovation hub Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by ...
13:00 2019-06-30

Shares in big banks climb as Fed approves capital plans Shares in the S&P 500 bank index rose about 2% on Friday after the U.S. Federal Reserve approved the capital plans of the biggest U.S. banks, giving them a clean bill of health....
23:17 2019-06-28

Central banks to question Facebook over Libra cryptocurrency Facebook is about to undergo further scrutiny of its Libra cryptocurrency, and it may have to answer some difficult questions. Officials speaking to the Financial Times said that Libra representative...
01:34 2019-09-16

Google Pay inches closer to US ubiquity with support for 32 new banks Formed in 2018 by combining Google Wallet and the 2015-released Android Pay platform, Google Pay is probably not as widely used in the US as arch-rival Apple Pay, but it's certainly supported on a sim...
10:51 2019-05-22

U.S. banks play cat-and-mouse game with Fed on capital returns An annual stress test of banks introduced by U.S. regulators after the 2007-09 financial crisis to prevent taxpayer bailouts has become a fight over how quickly lenders can return capital to sharehold...
23:17 2019-06-28

Big Banks Ace First Round of Federal Reserve's 'Stress Tests' The biggest banks in the U.S. have enough reserves to continue lending in a severe economic downturn, the Federal Reserve said in its annual review of large financial firms....
23:51 2019-06-21

Banks Warm to Mortgage Bonds That Burned Them in 2008 Lenders all but gave up on packaging mortgages into securities and selling them after the financial crisis. But now banks like Citigroup, Goldman Sachs and Wells Fargo are getting back in....
13:17 2019-09-16

Lily Cole calls on UK banks to take climate crisis more seriously Actor/model latest high-profile name to emerge as a customer of ethical bank TriodosLily Cole has backed calls for UK banks to “radically transform” and take the climate emergency much more seriously....
19:00 2019-09-28

RBI Closely Monitoring 50 Shadow Banks For Signs Of Contagion In its latest Financial Stability Report, the Reserve Bank of India warned that any failure among the largest of the non-bank finance companies or housing finance firms could cause losses comparable.....
07:17 2019-07-22

Canada raises capital requirement for domestic banks to 2% Canada's bank regulator, the Office of the Superintendent of Financial Institutions, on Tuesday raised the capital requirement level for 'systemically important' banks in the country by 25 basis point...
16:17 2019-06-04

Smart & Final changes on US$340m loan could mean losses for banks NEW YORK, June 18 (LPC) - A US$340m term loan backing Apollo Global Management’s purchase of supermarket chain Smart & Final priced on Tuesday morning but not before lead banks added a series of chang...
21:34 2019-06-18

Sperm banks: is there a dark side to their rising popularity? A growing number of women in the capital are turning to sperm banks to fulfil their dream of having a baby. But with a burgeoning black market, is there a darker side to sperm donation? Sophia Money-C...
14:34 2019-09-02

Manchester Extinction Rebellion activists glue themselves to banks Barclays and HSBC targeted on final day of protests against fossil fuel investmentsEnvironmental protesters have glued themselves to banks in Manchester to protest against fossil fuel investments on t...
04:00 2019-09-03

Why India’s Troubled Shadow Banks Spook the Market India’s $42 billion shadow-banking system has been creaking since one of the country’s biggest infrastructure lenders unexpectedly halted debt repayments in 2018. Investor nerves were rattled again in...
16:00 2019-07-02

Big Banks Struggled With Fed Communications Ahead of July FOMC As the Federal Reserve prepared to implement its first interest rate cut in over a decade, many of Wall Street’s biggest banks weren’t happy with the story officials were telling markets....
16:34 2019-08-23

Tennessee’s Jeremy Banks during arrest: ‘Where I’m from, we shoot at cops’ Tennessee linebacker Jeremy Banks didn’t hold back after getting arrested last month on an outstanding warrant, telling a woman on a ride-along that residents in his hometown of Memphis “s...
19:00 2019-10-02

NFL writer Don Banks dies at 57 after covering hall ceremony Don Banks, a longtime NFL writer who worked at Sports Illustrated for 16 years, has died after covering the Pro Football Hall of Fame inductions in Canton, Ohio. He was 57....
18:00 2019-08-06

Beto O’Rourke Urges Banks to Cut Services for Gun Sales The candidate said he wanted credit card companies and other financial institutions to stop providing services for sales of assault-style weapons, among other measures....
19:34 2019-09-12

Emerging Market Central Banks Keep Cutting Rates Then, interest rate hikes by emerging market central banks outstripped or matched cuts for nine straight months as they battled the fallout from a strong dollar, rising inflation and softer......
12:34 2019-07-02

Dow drops more than 70 points as banks fall, S&P 500 retreats from record Stocks fell on Tuesday, led lower by bank shares, after the U.S. threatened a new wave of tariffs on European goods, dampening recent optimism surrounding the Washington-Beijing trade truce....
18:51 2019-07-02

Fintech start-ups are now more ready to work with banks, says ANZ exec Sreeram Iyer, chief operating officer for institutional business at ANZ, said "it was quite hard to find adequately mature fintechs" a few years ago....
01:51 2019-06-28

Financial crime: Can Europe’s banks wash themselves clean? European banks are trying to put a devastating series of money-laundering scandals behind them, but the crisis is far from over. The extra costs it implies are hitting them at the worst possible time,...
19:34 2019-09-02

Facebook's Libra Could Give Dollar, Banks Some Welcome Competition Facebook’s new digital currency has the potential to become a true alternative to national currencies by creating a de facto central bank, which other fin-tech startups and cryptocurrencies have faile...
21:34 2019-06-27

Marijuana retailers ask Congress for financial reform, access to banks Owners of cannabis companies told a Senate committee Tuesday that they are forced by federal law to operate as cash-only businesses, making it difficult to pay taxes and creating safety concerns....
23:00 2019-07-23

Fixed Deposit Interest Rates: Here's What Post Office And Banks Pay Fixed deposit accounts can be created by visiting a bank branch or even online. These days, most banks offer the facility of opening fixed deposits online....
19:34 2019-06-15

Nordic banks join forces to combat money laundering The Nordic region's six major banks announced the creation of a customer checking center on Friday, with the initiative expected to help their efforts to crack down on money launderers and recover fro...
18:34 2019-07-05

Development banks' climate funding at all-time high in 2018 Climate projects won record financing from the world's big development banks last year, with funds committed up 60% since the 2015 Paris climate accord to curb global warming emissions, a report publi...
19:51 2019-06-13

UPDATE 2-Nigeria orders banks to lend or face sanctions Nigeria's central bank will try to force banks to lend more or face higher cash reserve requirements, part of a series of measures aimed at reviving an economy stuck with low growth....
19:17 2019-07-05

Sensex, Nifty Snap Six-Day Losing Streak Led By Banks: 10 Things To Know The S&P BSE Sensex and NSE Nifty 50 indexes snapped their six-day losing streak paced by gains in banking heavyweights like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, State Bank of India HDFC and......
23:17 2019-10-09

Europe's banks may be at risk of failing if negative rates continue: EIU Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit....
07:17 2019-09-18

Global Recession Risks Are Up, and Central Banks Aren’t Ready The world’s monetary authorities have limited policy space, and it’s unclear whether their backup plans will suffice to bolster growth and inflation....
09:17 2019-07-09

Best portable laptop battery chargers and power banks in 2019 On this page you'll find the best portable laptop battery chargers and power banks – and each one we feature here will allow you to quickly and easily charge your laptop while on the go.Th...
06:51 2019-06-29

Flooding in Arkansas, Oklahoma pushes river past its banks After days of storms in the midwest, the Arkansas River reached 45.86 feet, just under the 1943 record of 48.3 feet.        ...
06:51 2019-05-28

Big Banks vs. Big Tech: Are internet giants poised to take over the financial system? The IMF report outlines three potential scenarios for the relationship between big tech and commercial banks; coexistence, complimentary and takeover....
13:34 2019-07-22

REFILE-U.S. banks play cat-and-mouse game with Fed on capital returns An annual stress test of banks introduced by U.S. regulators after the 2007-09 financial crisis to prevent taxpayer bailouts has become a fight over how quickly lenders can return capital to sharehold...
00:00 2019-06-29

Wall Street banks bailing on troubled U.S. farm sector In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector....
15:34 2019-07-11

How banks are helping you budget and track your money to avoid overspending Mom can't always be there to tell you when to stop spending. But Huntington Bank and others are promoting new tracking tools to keep resolutions.        ...
14:32 2019-05-21

Saving Deposits Of Banks Rose To Rs 39.72 Lakh Crore In 2018-19: RBI The aggregate saving deposits of public and private sector banks (PSBs) stood at Rs 39.72 lakh crore as on March 31, 2019, according to Reserve Bank of India (RBI) data published in Handbook of......
18:51 2019-09-16

Singapore to allow virtual banks as part of move to open up market Singapore's central bank plans to issue up to five digital bank licenses to suitable applicants, in a move that could deliver the biggest shake-up in two decades in a market dominated by local banks....
17:34 2019-06-28

Social Media Rumours Of Banks Shutting Down False, Clarifies RBI Messages are circulating in various social media platforms that nine banks will be closed down permanently by the RBI and appeals being made to public to withdraw their money from them....
20:00 2019-09-25

Bangladesh rivers break their banks, forcing 400,000 to flee homes Rain-swollen rivers in Bangladesh broke through at least four embankments, submerging dozens of villages and doubling the number of people fleeing their homes overnight to 400,000 in one of the worst ...
16:01 2019-07-19

Saudi Aramco asks banks to pitch for roles in IPO: sources Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world's biggest IPO....
23:34 2019-08-19

World's largest banks lagging in sustainable finance: report Despite pressure from activists, investors and governments, the majority of world's 50 largest banks have not made sustainable finance commitments to respond to the risks of climate change and continu...
00:00 2019-10-04

Old Swiss Franc Mortgages Could Come Back to Haunt Polish Banks The European Union’s top court ruled in favor of Polish consumers who took out low-rate mortgages tied to the Swiss franc years ago, only to see the currency and their repayments soar—potentially leav...
19:00 2019-10-03

Banks worth $47 trillion adopt new U.N.-backed climate principles Banks with more than $47 trillion in assets, or a third of the global industry, adopted new U.N.-backed "responsible banking" principles to fight climate change on Sunday that would shift their loan b...
22:00 2019-09-22

Bundesbank's Weidmann says 'virtual' coins could undermine banks if used widely Virtual tokens pegged to official currencies, known as stablecoins, could undermine banks if they became widely used, the head of Germany’s central bank said on Friday....
20:00 2019-06-21

Mexican banks report failures in processing card payments Several of Mexico's largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would...
09:00 2019-08-11

Swiss regulator fines banks for fixing forex trading Five banks have been fined a total of 90 million Swiss francs ($90.5 million) for colluding to rig the multi-trillion dollar foreign exchange market, Switzerland's competition authority said on Thursd...
14:51 2019-06-06

China drafts bar for net capital of banks' wealth management units China released draft rules on net capital management of commercial banks' wealth management units on Friday, a follow-up move to regulate the risk of country's newly structured wealth management......
13:51 2019-09-20

Malaysia to require banks to report exposure to climate risks Malaysia's central bank governor said financial institutions will be required to report their exposure to climate risks and the information it gathers could be used to set regulatory standards in Sout...
10:00 2019-09-26

Banks Have Sufficient Liquidity: Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman said banks have been asked to provide a bill discounting facility to the MSME sector against payments due from the large corporates....
15:51 2019-10-14

New York Subpoenas Banks and Financial Advisers for Sackler Records The state claims that the Purdue Pharma owners transferred billions of dollars from the company and hid them in offshore partnerships and other entities....
03:34 2019-08-17

EU to investigate Nigel Farage over expenses funded by Arron Banks Move follows revelations MEP failed to declare lavish funding from year of Brexit referendum The European parliament is to investigate Nigel Farage for failing to declare lavish expenses funded by Arr...
19:51 2019-05-21

CEE home team advantage: The rise of the local investment banks Since 2008, rising local players have gained the upper hand over risk-averse global investment banks in emerging Europe as the flow of larger deals has declined, but that could change as regional firm...
14:38 2019-05-21

Tennessee dismisses linebacker Jeremy Banks after his arrest last month Tennessee football coach Jeremy Pruitt announced that linebacker Jeremy Banks is no longer part of the program after LB was arrested last month.       ...
00:34 2019-10-05

Cash for trash: Indonesia village banks on waste recycling Indonesia's crackdown on imported foreign waste has upset the village of Bangun, where residents say they earn more money sorting through piles of garbage than growing rice in once-lush paddy fields....
19:00 2019-08-16

Online banks to take bigger share of U.S. deposit market: Evercore Online banks, such as Ally Financial Inc and Capital One Financial Corp , are expected to take a bigger chunk of the overall U.S. deposit market, after racking up $95 billion in customer deposits thi...
20:00 2019-09-23

Why Polish Banks Face a Reckoning Over Franc Loans: QuickTake It was too good a deal to pass up. Starting more than a decade ago, Poles got the chance to take out mortgages denominated in Swiss francs with interest rates less than half the prevailing level for l...
12:00 2019-09-03

RPT-Mexican banks report failures in processing card payments Several of Mexico's largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would...
09:00 2019-08-11

Residents of North Carolina’s Outer Banks brace for Dorian After triggering tornadoes in South Carolina, Hurricane Dorian was closing in for a possible direct hit Friday on North Carolina’s Outer Banks, a string of low-lying islands...
08:34 2019-09-06

ECB's tiered rate is cold comfort for euro zone banks The European Central Bank is giving euro zone banks a small reprieve from a penalty charge on their idle cash but this is likely to prove too little, too late for a sector hurt by years of low interes...
19:00 2019-09-12

Banks to include CO2 emission measures in shipping loan decisions A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday....
04:51 2019-06-18

Central banks were always political – so their ‘independence’ doesn’t mean much | Larry Elliott The separation of monetary and fiscal policy serves the neoliberal status quo. It won’t survive the next crashIndependent central banks were once all the rage. Taking decisions over interest rates and...
08:34 2019-09-12

Banks Hand Over Documents on Russians Possibly Linked to Trump Major Wall Street banks have given congressional committees investigating President Trump thousands of pages of documents related to Russians who may have had dealings with the president, his family o...
18:00 2019-08-08

Banks Shrug Off Recent Oil-Price Drop to Predict Gains Investment banks in May largely stuck to their forecasts that oil prices will rise in 2019’s final two quarters, predicting that supply risks will make up for sharp selloffs in recent weeks....
11:17 2019-06-05

Federal Reserve Gives Large Banks a Break on Postcrisis Rules The Federal Reserve is advancing some of the most significant rollbacks of bank rules since President Trump took office, setting up a new way of deciding which large banks are hit with its toughest re...
21:51 2019-10-10

Singapore to allow virtual banks as part of a move to open up the market Singapore plans to issue up to five digital bank licenses to suitable applicants, in a move that could deliver a massive shake-up in a market dominated by local banks....
09:51 2019-07-01

New York Fed among six banks voting in July for no change in discount rate Underscoring discord at the U.S. central over interest-rate policy, directors at half of the Federal Reserve's regional Fed banks -- including those at the influential New York Fed -- wanted to keep t...
21:34 2019-08-27

European banks to push the Stoxx 600 higher over the next six months, BAML says European stocks will push higher over the next six months with banks providing the driving force, according to Bank of America Merrill Lynch strategists....
17:00 2019-09-12

Australia and New Zealand’s Central Banks Are Leading What Seems to Be a Race to the Bottom Australia and New Zealand’s central banks are pondering what until recently seemed unthinkable: deploying the types of extreme monetary policies that were spawned globally by the 2008 global financial...
02:00 2019-08-22

Therapy in the office: banks take mental health fight in-house In 'Billions', a U.S. television show set in the world of hedge funds, traders at the fictional Axe Capital regularly attend sessions with an in-house psychiatrist....
10:00 2019-06-03

Hurricane Dorian howls over North Carolina Outer Banks Hurricane Dorian howled over North Carolina's Outer Banks on Friday, lashing the low-lying barrier islands as a weakened Category 1 hurricane. (Sept. 6)        ...
19:34 2019-09-06

Government Needs To Encourage Banks To Lend To Realty Developers: Experts Experts say growth in the real estate sector seems stagnant and immediate solutions are not expected, however the government is urged to take steps to boost liquidity....
10:17 2019-06-19

Check Out Latest Fixed Deposit (FD) Interest Rates Of Key Banks Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the facility of opening a fixed deposit. These days FDs can also be created online. The interest rates on FDs......
11:34 2019-05-25

RBI Moves Unlikely To Ease Pain For Struggling Shadow Banks: Experts NBFC's have been battling a credit crunch since IL&FS, or Infrastructure Leasing & Financial Services, collapsed in late 2018 amid fraud allegations....
03:00 2019-08-08

EU gives Nigel Farage 24 hours to explain Arron Banks funds European parliament summons Brexit party leader over failure to declare expensesNigel Farage has been given 24 hours by the European parliament to explain in person his failure to declare lavish expen...
22:17 2019-06-04

Banks to Use Bitcoin-Like Token to Settle Cross-Border Trades A group of financial firms led by UBS plans to start using a bitcoin-like token to settle cross-border trades, one of the biggest developments yet in the effort to make use of nascent blockchain techn...
13:51 2019-06-03

McIlroy banks $15 million with Tour Championship, FedEx Cup wins Victory at the Tour Championship in Atlanta on Sunday will not completely erase the disappointment of a futile season at the majors for Rory McIlroy, but it may be worth far more than the $15 million ...
03:00 2019-08-26

Banks condemn HK violence as jewelers seek to put off big trade fair Hong Kong banks published full-page newspaper ads calling for law and order in the Chinese-ruled city and international jewelers sought the rescheduling of a huge trade fair as weeks of pro-democracy ...
11:00 2019-08-22

The Fed's fix of the crucial repo lending market for banks will be put to the test on Monday The Federal Reserve has used open market operations to soothe the short-term funding market, and now its temporary fix faces a test as the third quarter ends....
05:00 2019-09-28

Asia trades lower as markets look to central banks for guidance Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the Fed's future i...
14:00 2019-08-21

U.S. Midwest farm economy hit hard by record floods: Fed banks U.S. farm incomes in the Midwest and Mid-Southern states declined yet again in the second quarter of 2019, as record floods devastated a wide swath of the Farm Belt, according to banker surveys relea...
04:34 2019-08-09

Best power banks of 2019 in Australia: the best portable chargers for your gadgets  For any tech lover or frequent traveller, a portable charger is a must-have accessory. There are loads of models available, and the latest all support fast charging. Other more special...
10:17 2019-08-01

UPDATE 1-Smart & Final changes on US$340m loan could mean losses for banks NEW YORK, June 18 (LPC) - A US$340m term loan backing Apollo Global Management’s purchase of supermarket chain Smart & Final priced on Tuesday morning but not before lead banks added a series of chang...
23:34 2019-06-18

Xiaomi Banks on Phone Data for Finance Play in India Xiaomi is betting it can leverage its number one position in India's smartphone market to tap into the country's lucrative but crowded financial services sector....
07:34 2019-08-23

Dorian grazes Carolina coast, aims for Outer Banks Hurricane Dorian is raking the Carolina coast with howling, window-rattling winds and sideways rain, spinning off tornadoes and knocking out power to more than 200,000 homes and businesses. (Sept. 5) ...
11:00 2019-09-06

Swiss regulator fines four banks for fixing forex trading Four British and U.S. banks have been fined 90 million Swiss francs ($90.53 million) for rigging the foreign exchange market, Switzerland's competition authority said on Thursday....
10:17 2019-06-06

With Defaults and Failures at India's Shadow Banks, 'Confidence Is Shaking' A pair of defaults and failures by nonbank lenders in India has cut down on consumer and business credit, weighing on the country’s economic growth and prompting calls for tighter regulation....
22:34 2019-07-04

Big banks beat profit expectations but warning signs grow Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field is beginning to tilt against the financial industry....
22:17 2019-07-16

Exclusive: Banks face new challenges in Italian diamond scandal A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest lender, and smaller r...
14:34 2019-06-17

RBI Holds Meeting Over Coin-Storage Crisis Of Banks In Shirdi The Reserve Bank of India has instructed nationalised banks to continue to accept coins deposited by the Saibaba temple at Shirdi in Maharashtra, the temple's managing body said Wednesday....
07:34 2019-06-20

Big Banks Are Earning Billions of Dollars. Trump’s Tax Cuts Are a Big Reason. The five largest United States banks reported tax rates of 22 percent or less for the second quarter this year. Lower taxes helped smooth over earnings rough spots....
07:17 2019-07-18

Central banks in Asia are cutting rates to prop up their economies — but that may not be enough "I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one strategist told CNBC....
14:00 2019-08-21

Huawei CEO says banks knew about the company's allegedly criminal activities In an interview with CNBC, Huawei's CEO said the banks at the center of the controversy surrounding his company's activities knew what was happening...
01:17 2019-06-20

UPDATE 1-World's central banks tackle technology with innovation hub Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by ...
18:00 2019-06-30

CVC Awaits Sanction To Prosecute 123 Corrupt Govt Staff; 45 From Banks The Central Vigilance Commission (CVC) is awaiting sanction from different organisations to prosecute 123 government employees, including IAS officers and those working in central probe agencies like....
14:00 2019-06-10

Global stocks, yields steady with focus on Fed, central banks A gauge of global stock markets edged higher on Monday to build on monthly gains and benchmark government bond yields hovered near multi-year lows as investors girded for developments later in the wee...
18:00 2019-06-17

Major U.S. banks lower benchmark interest rates following Fed rate cut Major U.S. banks lowered their benchmark rates for a wide range of consumer and commercial loans on Wednesday, following a rate cut from the Federal Reserve....
01:00 2019-08-01

Hong Kong digital banks launch may face delays due to protests Most of the eight newly licensed digital banks in Hong Kong, including joint ventures involving Standard Chartered and Bank of China Hong Kong, had aimed to begin operating before the end of 2019....
17:17 2019-09-17

Banks win dismissal of U.S. lawsuit alleging rigged Mexico bond sales A U.S. judge on Monday dismissed a proposed class action lawsuit against several large banks for allegedly rigging the market for Mexican government bonds, according to a court filing....
06:34 2019-10-01

MIDEAST STOCKS-Banks bolster Saudi, financials drag Abu Dhabi Saudi Arabia's stock market rose sharply for the fourth session on Tuesday, boosted mainly by its banking shares on expectations of further capital inflows, while Abu Dhabi was weighed down by financi...
16:00 2019-06-11

UPDATE 1-Oman hires banks for dual-tranche dollar bond The government of Oman has hired banks ahead of a potential issue of U.S. dollar bonds, its first this year, as the junk-rated country seeks to cover its budgetary needs....
11:00 2019-07-24

Exclusive: High-security locks for government and banks hacked by researcher Hackers could crack open high-security electronic locks by monitoring their power, allowing thieves to steal cash in automated teller machines, narcotics in pharmacies and government secrets, accordin...
08:34 2019-08-07

Tennessee Volunteers dismiss Jeremy Banks after video of second incident surfaces The Tennessee Volunteers dismissed linebacker Jeremy Banks from the team Friday after a second video surfaced of the player allegedly threatening to hit a woman after not being allowed into a party....
23:17 2019-10-07

Canadian police find evidence of teen fugitives on banks of river Canadian police said on Tuesday they found "several items directly linked" to two teenage boys charged with killing a university lecturer and suspected in the murders of two tourists....
04:00 2019-08-07

AI IN BANKING: Artificial intelligence could be a near $450 billion opportunity for banks — here are the strategies the winners are using This is a preview of the AI IN BANKING research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Fintech industry research reports. Discussions, art...
14:34 2019-07-23

Zombie' Buildings Worth Rs 4.47 Lakh Crore Sound Warning For Banks Radius and hundreds of other developers relied on loans from what India calls non-banking financial companies (NBFCs) to fuel a five-year property boom....
17:00 2019-10-04

Finance Minister To Review State-Run Banks' Merger Preparedness: Report Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process...
04:51 2019-09-19

FDIC Plan Would Ease Requirement for Banks Selling Mortgage Securities The regulator proposed easing a hurdle for banks to sell pools of home-mortgage obligations, as part of an effort to spur competition in a market dominated by government-backed entities such as Fannie...
23:34 2019-07-16

Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp's best bet for wider acceptance of hydrogen power - technology so far ...
08:17 2019-09-18

European banks have paid over 20 billion euros to the ECB since negative interest rates European banks have transferred 21.4 billion euros ($24.2 billion) in revenues to the European Central Bank (ECB) in the five years since negative interest rates were introduced....
14:34 2019-06-10

Buy large banks, semis and energy for strong 4th-quarter move: Investing pro CNBC's "Power Lunch" team talks about how markets are trading with Mark Luschini of Janney Montgomery Scott and Jerry Castellini, president and CIO of CastleArk Management....
00:00 2019-09-15

UPDATE 1-Swiss regulator fines banks for fixing forex trading Five banks have been fined a total of 90 million Swiss francs ($90.53 million) for colluding to rig the foreign exchange market, Switzerland's competition authority said on Thursday....
10:17 2019-06-06

Brazil's Inter confirms hiring banks for follow-on offering - filing Brazil's Banco Inter SA has hired the investment banking units of Banco Bradesco SA, Goldman Sachs & Co, Banco BTG Pactual, JPMorgan Chase & Co, Banco Santander Brasil SA and Caixa Economica Federal t...
16:51 2019-07-11

UPDATE 3-Saudi Aramco gives nine banks top roles on world's biggest IPO -sources Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world's largest, two sources familiar with the matter told Reuters on...
19:34 2019-09-11

Determined Aldis Hodge got buff in hopes of playing ‘Brian Banks’ After his first audition for the film “Brian Banks,” actor Aldis Hodge wanted the meaty title role badly. So before going in for a callback, he began preparing for the part as though he’d already land...
03:00 2019-08-09

Banks To Remain Closed On These Days In October, Check Full List According to current Reserve Bank of India (RBI) rules, banks also observe public holiday on second and fourth Saturdays of the month. Banks are shut on all Sundays....
13:00 2019-10-01

Major banks set new lending standards for shipping industry in order to cut CO2 emissions Eleven banks that lend to shipping lines on Monday said climate impact will be integrated into the criteria that determines how much they can borrow....
00:51 2019-06-18

Wall St. slips; banks fall with prospect of rate cut, energy drops Wall Street ended down slightly on Wednesday, with bank stocks declining as prospects of a U.S. interest rate cut rose and energy shares tumbling along with oil prices....
01:34 2019-06-13

SHAREit Banks on Streaming and Gaming to Stay Relevant in a Post-Jio World SHAREit, the cross-platform content sharing and transfer app that has over 400 million app installs in India, is set to become an aggregator for video streaming platforms and OTT apps....
13:51 2019-10-08

MIDEAST STOCKS-Banks aid Qatar, Abu Dhabi; other Gulf markets mixed Middle East stock markets were mixed on Wednesday with Qatar and Abu Dhabi rising on financial stocks, while property stocks weighed on Dubai. Qatar's index edged up 0.1% with Commercial Bank ris...
16:34 2019-07-17

Italian Banks, Long a Drag on Europe, Are Making Good on Bad Loans Italian banks have made a big leap forward in tackling a crucial problem that has dogged them for years and threatened the stability of the whole eurozone: bad loans....
17:34 2019-08-10

At Banks and Fund Firms, Access Is Too Often Denied, Blind and Deaf Investors Say Workers with sensory challenges face an array of digital obstacles to managing their retirement accounts and have sued to ensure banks’ websites comply with federal disability law....
04:00 2019-08-04

UPDATE 4-Mexico unveils Pemex business plan, but banks underwhelmed Mexico on Tuesday unveiled parts of a keenly awaited business plan meant to bring the world's most indebted oil company back from the abyss, but its vow of $7.2 billion in government support failed to...
03:17 2019-07-17

MOVES-Credit Suisse hires banks dealmaker Wiant from Lazard Credit Suisse Group AG has hired Jerry Wiant as a managing director and head of American Banks coverage team, according to an internal memo seen by Reuters....
17:34 2019-07-19

Big banks are launching a blockchain trade platform powered by ‘Bitcoin-like’ token The banking industry is hell-bent on taking over the nascent blockchain and cryptocurrency market. A group of financial firms led by UBS Group AG is eyeing blockchain technology for settling cross-bor...
14:17 2019-06-03

S.African tribunal says it can't charge foreign banks in rand-rigging case A South African legal case over exchange-rate rigging is set to drag on after the anti-trust tribunal ordered the competition watchdog on Wednesday to clarify the charges it is seeking, particularly r...
15:00 2019-06-12

Opinion: Amazon, Walmart And Mukesh Ambani Will Help Save India's Banks To similarly make bite-sized finance sustainable, account aggregators are coming. They'll digitally record a consumer's transactions with various institutions and, with consent, share data with a......
13:17 2019-10-10

Dapper ‘Burberry Bandit’ back robbing Manhattan banks: cops Manhattan’s “Burberry Bandit” is back. It’s only been five months since dapper robber Cornell Neilly was paroled from prison, but cops say he’s already back hitting banks...
18:51 2019-07-06

US banks could face the same pressures as European counterparts, SocGen chairman warns A Federal Reserve rate cut could lead to the same challenges for Wall Street lenders that European banks have been dealing with, Lorenzo Bini Smaghi said....
17:17 2019-07-06

Central banks will want oversight of Facebook's Libra: Bank of England's Carney Major central banks and regulators will want oversight of Facebook's proposed new currency and payment system, Libra, to ensure it is safe and does not allow money laundering or finance terrorism, Ban...
10:34 2019-06-21

WRAPUP 1-Canadian banks brace for tougher times as 'Goldilocks' era winds down Canadian banks face challenging times as souring macroeconomic conditions and trade uncertainties increase lending risk and weigh on profit margins, investors and analysts said on Thursday after major...
22:34 2019-08-29

Budget 2019: Government Announces Steps To Revive Shadow Banks In her first Budget speech, Ms Sitharaman said, "For purchase of high-rated pooled assets of financially sound NBFCs, amounting to a total of 1 lakh crore during the current financial year, government...
15:34 2019-07-05

Progyny, which manages fertility benefits for large employers, has hired banks for an IPO The New York-based company, which started in its current form in 2015, is one of a series of health-technology start-ups that sells health and technology services to large employers....
03:00 2019-09-27

Check out our exclusive list of the top 10 banks making millions off of cannabis deals BMO Capital Markets; Cormark; Greenhill & Co; Cowen; Ruobing Su/Business Insider Investment bankers have been making big money on cannabis-related deals, as cannabis companies race to go public and p...
23:00 2019-09-26

MIDEAST STOCKS-Gulf markets mixed but Saudi outperforms on banks Saudi Arabian stocks were lifted on Monday as most of its banking shares rose amid rising oil prices, while other Middle Eastern bourses in the region were lacklustre. Crude oil prices rose follow...
16:34 2019-08-19

State-Run Banks To Remain Shut For Two Days This Week As Strike Deferred Trade unions of state-run bank staff on Monday called off a two-day strike scheduled for this week. Four unions had called a 48-hour bank strike to protest against the mega merger of public sector......
16:00 2019-09-24

China's PBOC cuts reserve ratio for banks as economy stalls China's People's Bank of China (PBOC) announced Friday that it was reducing the amount of funds banks have to hold in reserve, an effort to further stimulate the economy....
18:00 2019-09-06

Save a bundle on these charging cables, power banks and smartphone accessories Why does it seem like the more advanced phones become, the quicker they die? Just look through all the screenshots you’ve taken lately. Ten bucks says your battery percentage is abysmal in each one. A...
18:00 2019-08-29

Judith Kerr was both sweetness and steel – and I'll miss her | Nancy Banks-Smith She was as dedicated to her work as she was to her family, right to the end. And no one could draw a tiger’s smile quite like her, remembers Nancy Banks-Smith• Share your tributes and memories of Judi...
21:51 2019-05-23

U.S. banks clear first hurdle of Federal Reserve's annual stress test The 18 largest banks operating in the United States took the first step toward doling out capital on dividends, share buybacks and other investments on Friday, after clearing the first stage of their ...
00:17 2019-06-22

German banks are in a much worse position than the rest of Europe, Citi analyst says German lenders are in a uniquely dangerous position compared to their European counterparts, according to Ronit Ghose, global head of banks research at Citi....
14:00 2019-08-16

Arron Banks jokes about Greta Thunberg and 'freak yachting accidents' MPs, celebrities and academics criticise ‘disgraceful’ comment by Brexit backer Arron Banks has been criticised after he appeared to wish harm upon Greta Thunberg as the 16-year-old activist set sail ...
06:00 2019-08-15

Banks worth $47 trillion adopt new UN-backed climate, sustainability principles Banks collectively with more than $47 trillion in assets, or a third of the global industry, signed up on Sunday to new United Nations-backed responsible banking principles in a massive boost for clim...
09:00 2019-09-23

Central banks' key policy goals are under threat from climate change, warns UBS Central banks around the world must proactively fight climate change in their own investment portfolios in order to safeguard their key priorities, according to research....
13:51 2019-07-02

Money In Swiss Banks: India Slips To 74th Place, UK Remains On Top India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks, while the UK has retained its top position, as per data released by the central.....
11:17 2019-06-30

Senate passes sanctions on North Korea that target Chinese banks The United States Senate passed a bill on Thursday that would strengthen sanctions on North Korea, particularly targeting Chinese banks that work with Pyongyang to skirt existing restrictions....
12:17 2019-06-28

Barclays, Citigroup and JP Morgan among banks fined $1.2 billion for forex rigging Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of $1.2 billion by EU regulators for rigging the forex market....
08:34 2019-05-22

Crisis Among Shadow Banks Pushes Up Funding Costs Overseas: Report India's slowest economic growth in six years has prompted predictions for deeper interest-rate cuts, but that's yet to translate into easier borrowing conditions at home for the shadow lenders....
11:34 2019-09-04

Halep banks on child-like enthusiasm to retain French Open crown Simona Halep will channel her inner child when she begins her French Open title defense against Ajla Tomljanovic on Tuesday having vowed to enjoy herself in the absence of the stifling pressure of pre...
05:17 2019-05-28

Eye of Hurricane Dorian grazes North Carolina, floods Outer Banks Hurricane Dorian briefly made landfall on the Outer Banks of North Carolina on Friday, hitting the beach resort with powerful winds and battering waves days after reducing parts of the Bahamas to rubb...
22:34 2019-09-06

Central banks cannot perform miracles and lawmakers need to reduce uncertainty, ECB member says France's central bank governor told CNBC Saturday that monetary policy cannot compensate for trade tensions, and political leaders need to act in order to fend off today's economic threats....
08:51 2019-07-08

Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani's Firm Anil Ambani's older sibling and Asia's richest man Mukesh Ambani's Reliance Jio Infocomm Ltd. had earlier offered to purchase RCom's assets in a Rs 17,300-crore deal, which would have helped partly......
09:00 2019-06-18

In Haryana Fight, BJP Banks On Citizens' List, Congress Weighs Options An exercise to filter out illegal immigrants similar to the one carried out in Assam is likely to be one of the major political issues in Haryana as parties step up their state election campaign in......
13:17 2019-09-21

Hilary Duff's Son Luca Has the Cutest Reaction to Seeing His Sister Banks Crawl Hilary Duff is one proud mama. The actress took to Instagram on Wednesday to share an adorable video of her daughter Banks mastering her latest milestone--crawling! "We got a......
20:17 2019-05-22

UPDATE 2-U.S. Fed eases post-crisis rules for domestic, foreign banks The U.S. Federal Reserve on Thursday unveiled a final package of rules easing capital and liquidity requirements for domestic U.S. and foreign banks that were originally introduced following the 2007-...
22:51 2019-10-10

Argentines wait at banks to withdraw cash as currency controls kick in In the early hours of Monday morning in Buenos Aires, before banks had opened their doors, winding lines of customers waited to withdraw savings after Argentina's government imposed capital controls r...
04:00 2019-09-03

FOCUS-Xiaomi banks on phone data for finance play in India China's Xiaomi is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce co...
09:00 2019-08-23

Top investment banks provide billions to expand fossil fuel industry Exclusive: analysis reveals lenders provided $700bn to expand sector since Paris climate pactThe world’s largest investment banks have provided more than $700bn of financing for the fossil fuel compan...
13:17 2019-10-13

Banks in Hong Kong condemn violence, urge restoration of 'harmony' Some of Hong Kong's biggest banks published full-page newspaper advertisements on Thursday calling for the preservation of law and order in the Chinese territory and condemning violence, as weeks of p...
08:00 2019-08-22

Why Kristen Stewart Wanted Elizabeth Banks to Be Her Boss For Charlie's Angels Good morning, Charlie! Kristen Stewart is proud to be one of Elizabeth Banks' angels. At the Will Rogers Motion Picture Pioneers Foundation ceremony on Wednesday night, Stewart and......
22:34 2019-09-26

Australian regulator threatens action on banks over past consumer insurance sales Australia's corporate regulator threatened on Thursday to prosecute some of the country's largest banks over their sales earlier this decade of consumer insurance products that it said had harmed cust...
07:34 2019-07-11

Anil Ambani's Shipyard Risks Insolvency As Banks Spurn Debt Plan Any court ruling favoring the banks would deal another blow to the tycoon's stressed empire after his wireless carrier slipped into insolvency earlier this year....
20:34 2019-09-03

Argentina curbs banks' access to pesos amid growing market turmoil Argentina's battered bonds and currency were driven still lower on Friday amid downgrades by three credit rating agencies and a new measure the central bank said was designed to "avoid any lack of mon...
02:00 2019-08-31

Mastercard lets transgender users choose names on their cards (if banks agree) Mastercard, one of the two dominant U.S. payment networks, is introducing debit and credit cards that will let transgender users select whatever name they want — as long as the bank that issues the ca...
02:17 2019-06-18

Saudi Aramco lines up banks, eyes local listing this year: sources Saudi Aramco is expected to give lead roles to JPMorgan, Morgan Stanley and National Commercial Bank for its planned initial public offering (IPO), a source familiar with the transaction said....
10:00 2019-09-09

Major breach found in biometrics system used by banks, UK police and defence firms Fingerprints, facial recognition and other personal information from Biostar 2 discovered on publicly accessible databaseThe fingerprints of over 1 million people, as well as facial recognition inform...
14:34 2019-08-14