banks

The Monetary Authority of Singapore (MAS) has fined Citibank, DBS Bank and Oversea-Chinese Banking Corp. (OCBC) and Swiss Life, for a total of S$3.8 million (US$2.83 million) alleging anti-money laundering and anti-money laundering offense…

A collaborative effort between the Associazione Bancaria Italiana (ABI) and the Bank of Italy brought together a group of banks in a central bank digital currency (CBDC) pilot program. It is referred to as…

Start Up Loans, part of British Business Bank, today announced Virgin StartUp and BizBritain as Local Business Support Partners (BSPs). The two organizations will work with Start Up Loans to provide funding and support to small…

Chancellor Jeremy Hunt will call on banks to tackle what one Tory MP described as a "mortgage bomb about to go off", but ruled out providing financial support to families struggling with the rising cost of mortgages.On Tuesday, Hunt…

Economy Daniel arap Moi's land ruling by the Supreme Court sends banks and buyers into panic Monday 19 June 2023 President Daniel arap Moi greets supporters after being sworn in for a final five-year term in Nairobi. file image…

In this digital age, central banks are actively investigating the possibility of establishing their own digital currencies. Central banks acknowledge the need to adapt to the shifting financial landscape as technology improves and…

Economy The head of the Central Bank of Kuwait who tamed rogue banks but lost his battle to save the shilling Monday, June 12, 2023 Outgoing Governor of the Central Bank of Kenya Patrick Njoroge. file image | NMG Patrick…

Data Center Foreign investors snapped up 5 local microfinance banks Tuesday, May 30, 2023 Smep branch in Nairobi. file image | Swimming pool Loss-making microfinance banks (MFBs) have given foreign investors who want to tap…

© Reuters. FILE PHOTO: A Russian state flag flies above the headquarters of the Central Bank in Moscow on March 29, 2021. A sign reads "Bank of Russia." Photograph: Maxim Shemetov/Reuters Written by Elena Fabrichnaya and Alexandre…

With banks announcing record profits, the Israel Competition Authority asked banks to provide details about interest rates paid on deposit accounts. After the Bank…