Search result for banks
What you didn't see on television on Oscars night
On Oscar night, the audience at the Dolby Theatre really starts to liven up during the commercial breaks. Since they are actors, the stars don't mind playing for the cameras that are pointed at them during the global broadcast, but it seems like most of them would rather just talk to their fe...
Experts are in awe of Sadghuru's latest investment, and big banks are terrified.
Yoga master and mystic from India Sadghuru Sadhguru, Jaggi Vasudevi, is an internationally known speaker and popular author who has created a name for himself as a boisterous straight-talker who isn't afraid to be open about how he gets his money.
He was called to a live video chat ...
Why is the Bank of Japan taking this stance on interest rates?
The Bank of Japan has maintained its position despite interest rate increases by the Federal Reserve and other central banks across the world in an effort to reduce inflation.
Japan's benchmark interest rate has been negative 0.1% since 2016. The third-largest economy in the world h...
RBI’s auto-debit rules impact online transactions
Highlights
- Reserve Bank of India laid down the Auto-debit rules in 2019
- Various banks have implemented changes as per the new rules
The Reserve Bank of India laid down the auto-debit rules in 2019. These rules came into effect from O...
Visa develops new concept to make digital currencies Interoperable
Highlights
- Visa working on a system to connect different blockchain networks
- It will help in conversion of digital currency
Visa, the payments giant is working to develop a system to connect different blockchain networks. This will a...
CHINA TO ISSUE GUIDELINE ON ASSET-LIGHT HOUSE RENTALS
Highlights –
- China to issue guidelines on asset-lights house rentals.
- The country will also clarify regulatory measures for those engaged in sublease operations.
- Housing rental companies need to set up a regulatory account for rental ...
JAPAN GOVT. TO ALLOW COMPANIES TO PAY SALARIES DIGITALLY
Highlights –
- Japan govt. to allow companies to pay salaries digitally.
- The labor ministry has proposed the plan during a meeting.
- The ministry will identify who among the digital salary payment service providers can transmit the funds...
CBIRC ASKS CHINESE BANKS NOT TO WITHHOLD LOANS TO HUARONG
Highlights –
- CBIRC asks Chinese banks not to withhold loans to Huarong.
- Huarong is reportedly one of China's four biggest distressed asset management companies.
- Huarong and its subsidiaries reportedly have outstanding offshore bon...
S. KOREA’S 5 MAJOR BANKS REPORTS RISE IN MORTGAGE LOANS IN MARCH
Highlights –
- S. Korea’s 5 major banks reports rise in mortgage loans in March.
- The combined mortgage loans from the 5 banks were more than 3 trillion won range.
- The banks’ outstanding unsecured loans came to 135.4 trillion...
ICBC AND BOCOM REPORTED NET PROFIT OF 40% FOR THEIR FOURTH-QUARTER
Highlights –
- ICBC and BoCom reported net profit of 40% for their fourth-quarter.
- The banks had their first profit gain in three quarters.
- ICBC reported a 44.2% jump in fourth-quarter net profit.
- BoCom profit also climed 1.3...
BANKSY’S MORON NFT SELLS FOR NFT ETH 228.69
Highlights:
• NFTs are digital objects which can be collectibles or sold
• Morons is the first Banksy piece to be converted...
LENDERS TO JOIN HANDS TO DEVELOP DIGITAL BANKING INFRASTRUCTURE
HIGHLIGHTS
- Public sector banks are planning to build and share digital infrastructure.
- Not just software, banks are likely to share the hardware used for setting up the back office and servers.
In response to the rapid digital adopti...
PAN-ASIAN FEASIBILITY OF PAYMENT VIA DLT & CBDC TO BE EXPLORED
Highlights:
• Central banks of Asia and UAE will be a part of the project
• Potential of DLT & CBDCs to be explored
...
CHINESE STOCK MARKET SWAYS AS BANKS AND HEALTHCARE FIRMS POST RECORD WINS
- China stocks revival continued on Friday, on track to post weekly gains, as investors found support from a continued economic recovery, though Sino-U.S. tensions remained a point of consternation.
- The CSI300 index rose by 0.9%, to 5,522.21 points at the end of the morning sessi...
SBI HAS NEW MANAGING DIRECTORS
HIGHLIGHTS
- In OCT 2020, the BBB recommended the names for the two posts of MDs at the SBI.
- Now Aswini Kumar Tewari and Swaminathan Janakiraman have been appointed as MDs.
- The term of both appointments is of three years each.
OCC : US NATIONAL BANKS MIGHT ALLOW CRYPTOCURRENCIES TO SETTLE TRANSACTIONS
Highlights:
- US OCC considering the probability of banks offering cryptocurrency services nationally in the US.
- Making cryptocurrencies an acceptable way of the transaction will ease settlements.
One of the biggest challenges for cryptocurrencies is i...
CORONAVIRUS INFECTION HAS LED CASHLESS BANKS TO BECOME MORE PREVALENT IN JAPAN
Highlights –
- Coronavirus infection has led cashless banks to become more prevalent in Japan.
- The first cashless bank branch by Sumitomo Mitsui Banking Corp. was recently opened in November.
- Customers need to show their bank books and ...
THAI BANKS ON SOCIALIST SPREE AS THEY WAIVE OFF FOOD DELIVERY APP TRANSNATIONAL CHARGES
HIGHLIGHTS
- Siam Commercial Bank (SCB) and Kasikorn Bank (KBank) have independently planned to help organizations influenced by the Covid-19 flare-up
SCB's "Robinhood" application, which plans to help network-level diners by forgoi...
REGIONAL BANKS IN JAPAN TO RECEIVE ADDITIONAL INTEREST OF 0.1% BY BOJ
Highlights –
- Regional banks in Japan to receive additional interest of 0.1% by BOJ.
- BOJ to provide additional interest on the balance of current account deposits.
- BOJ would pay up to 50 billion yen a year to regional lenders. <...
BIDEN’S TRIUMPH IN PRESIDENTIAL ELECTIONS MAY SPELL TROUBLE FOR KOREAN BANKS IN US
- The triumph of Democratic candidate Joe Biden in the U.S. presidential election has brought a ray of hope for both the U.S. and the global community, but his attitude towards stricter financial regulations is apparently weighing on Korean banks doing business in the world's largest ma...