Union Finance Minister Nirmala Sitharaman is set to introduce the Banking Laws (Amendment) Bill, 2024 in the Lok Sabha today. This pivotal legislation aims to revamp several foundational acts governing...
Category: Finance
Co-operative Bank Leads Rate Cuts, Followed by Kiwibank and Others in New Zealand
In a swift response to Wednesday’s Reserve Bank Official Cash Rate review, the Co-operative Bank became the first major bank to reduce its floating rate by an unprecedented -70 basis...
Major Taiwanese Banks Halt Facebook Advertising Amid Privacy Concerns
Taiwan’s banking sector is taking a significant step by suspending all advertising activities on Facebook, citing escalating privacy issues and regulatory pressures. In a move that has caught the attention...
Sri Lanka Banks’ Association Commits Support to New Government
In a show of solidarity, the Sri Lanka Banks’ Association (SLBA) has extended its full support to President Anura Kumara Dissanayake following his party’s decisive victory in the recent Parliamentary...
Turkey’s Top 10 Banks See 30% Asset Growth by End of Q3
Turkey’s largest banks have reported a remarkable 30.2% increase in total assets by the end of September, signaling robust growth in the nation’s banking sector amid evolving financial landscapes. According...
Griffith Experts Tackle Dark Tech and AI Challenges at Singapore FinTech Festival 2024
The Singapore FinTech Festival (SFF) 2024, which concluded on November 8, attracted a staggering 65,000 participants from 134 countries. Amidst the global gathering, Griffith University’s experts shed light on the...
North American Banks Grapple with Rising Deepfake and Social Engineering Frauds
Financial institutions across North America are facing an unprecedented surge in fraud schemes, with social engineering scams skyrocketing tenfold over the past year. BioCatch data highlights how digital banking fraud...
Sixth House Collapses into Ocean in North Carolina’s Outer Banks This Year
A relentless coastal storm caused another home to vanish into the turbulent waters off North Carolina’s Outer Banks, marking the sixth collapse in Rodanthe this year alone. Last night, a...
23andMe’s Financial Woes Raise Concerns Over User Genetic Data Security
23andMe, the popular genetic testing and ancestry company, is facing significant financial challenges that have sparked fears about the safety of millions of users’ genetic information. On Monday, 23andMe announced...
Seattle’s Capital Gains Tax Proposal Sparks Debate Among Tech and City Leaders
Seattle is buzzing with discussions as a new capital gains tax proposal takes center stage, dividing opinions across the tech industry and city council. On Wednesday, members of Seattle City...