A sluggish start for the Australian share market saw the ASX 200 lose ground Monday, with heavyweight banks and gold miners weighing down early momentum despite pockets of strength elsewhere....
Category: Finance
RBI Bars Pre-Payment Charges on Business Loans to Individuals, Small Enterprises
The Reserve Bank of India has stepped in again — this time telling banks and lenders to back off when it comes to penalizing early repayments on business loans taken...
EU Push for Banking Unity Runs Into Roadblocks in Madrid and Rome
Brussels wants bigger banks to compete globally—but national leaders keep digging in their heels Brussels is losing patience. For years, European regulators have pushed hard for a stronger, more integrated...
Big Banks and Big Tech Come Together to Tame AI Risks in Finance
Citi, Morgan Stanley, Microsoft and others back FINOS initiative to standardize AI controls for banking The race to integrate AI into finance just hit a collaborative gear, with some of...
Fitch Flags Trade War Fears Across Asia, but Malaysia’s Banks Remain Steady
Fitch Ratings isn’t mincing words about a choppier outlook for Asian banks. But Malaysia? It’s sitting tight with a “neutral” rating, even as tensions climb around it. While several economies...
Bank of England Sets Deadline to Limit Banks’ Crypto Exposure by 2026
Regulators seek to curb risk as crypto volatility continues to shake global financial systems The Bank of England has signaled its intent to crack down on how much crypto British...
Dividend Freeze Shakes Up Nigerian Banks as CBN Tightens Capital Rules
The Central Bank of Nigeria’s clampdown on dividend payouts from banks under regulatory forbearance has sparked a heated mix of applause and anxiety across the financial spectrum. In a move...
Vijay Mallya’s Repayment Claim Sparks New Clash With Indian Banks
Fugitive tycoon insists he’s cleared his debts—banks beg to differ, citing interest, penalties, and legal dues Vijay Mallya says he’s paid it all. Banks say—hold on, not even close. India’s...
Nigeria’s Telecom Regulator Flips the Script on USSD Charges, Puts Banks on Notice
The Nigerian Communications Commission has drawn a clear line in the sand: from now on, telecom customers—not telcos—will foot the bill for USSD services, with banks expected to comply. It’s...
Wealthsimple’s Bank Play Is Rattling the Big Five — For Good Reason
What started as a slick investing app is now quietly morphing into a full-on bank killer. Wealthsimple’s latest chequing account has no fees, earns interest, and is making Canada’s big...