August 20, 2019

BAI Announces 2019 Global Innovation Award Finalists

BAI announced the finalists for the 2019 BAI Global Innovation Awards, the industry’s most prestigious awards program that celebrates transformative solutions in the financial services industry worldwide.

Now"...

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August 18, 2019

Mortgage rates around the world: Danish bank pays homebuyers...

The world’s headlong dash to zero or negative interest rates just passed another milestone: a bank in Denmark is paying homebuyers to take out mortgages.

Jyske Bank, Denmark’s third-largest lender,"...

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August 10, 2019

UBS mulls investment bank overhaul, hundreds of jobs at...

Almost a year after taking over at UBS Group’s investment bank, co-heads Piero Novelli and Rob Karofsky are working on their first shake-up of the business.

Mr Novelli, who runs deals, is considering a reshuffle"...

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August 8, 2019

China further weakens yuan

Shanghai: China’s currency weakened further against the dollar as the central bank lowered the yuan’s daily reference rate again amid a deepening currency row between Beijing and Washington.
The People’s Bank of China on Wednesday fixed the yuan’s central parity"...

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August 8, 2019

SoftBank Group triples net profit

Tokyo: Japan’s SoftBank Group said on Wednesday its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba. The company announced net profit of 1.12 trillion yen ($10.5 billion) for the three months"...

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August 7, 2019

With some luck, Turkish lira defies doubters - for now

SULAIMANI — Turkey’s lira has risen in recent months despite Ankara abruptly sacking the central bank governor and risking US sanctions over Russian missiles, silencing for now critics who had warned such moves could cause another currency crisis.

The"...

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August 7, 2019

Never give ATM secret ‘number’ – Scammers...

KUWAIT CITY, Aug 6: At no time an official in the bank has the authority to ask for anyone’s ATM secret code, reports Al-Anba daily quoting a senior banking official.

He said this to warn bank clients against"...

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August 6, 2019

How a shadow banking crisis sent India’s autos sector...

Sudhir Gharpure and his sales team sat chatting at a big Maruti Suzuki dealership on the outskirts of Mumbai some two hours after its doors were opened on a recent Saturday morning — not a single customer was in sight.
“There used to be close to 15-20 bookings each day,"...

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August 6, 2019

Equities, currency tumble over weak global cues, J&K decision...

The equity and currency markets declined on Monday over heightened trade tension between the US and China, and the political developments in Jammu and Kashmir (J&K).

Union Home Minister Amit Shah earlier in the day proposed to revoke Article 370 of the Constitution which"...

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August 1, 2019

Dubai's biggest bank completes deal to buy Turkey's DenizBank...

Emirates NBD Bank and Sberbank of Russia announced on Wednesday the completion of a deal that sees Dubai's biggest lender acquiring a 99.85 percent stake in Turkey's DenizBank.

The deal is both Turkey’s"...

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