The Reserve Bank of India slapped penalties totaling Rs 9.10 lakh on two cooperative banks in the Northeast for failing to follow key rules. Tripura State Cooperative Bank got the...
Category: Finance
S&P Upgrades Vietcombank to BB+ Rating
Standard & Poor’s Global Ratings has upgraded Vietcombank’s long-term issuer credit rating to BB+ from BB, marking the highest rating among Vietnamese banks and matching the nation’s sovereign rating. This...
Klar Buys Bineo to Secure Mexico Banking License
Mexican fintech company Klar has agreed to purchase Bineo, the digital banking unit of Grupo Financiero Banorte. This deal, announced in early September 2025, lets Klar gain a full banking...
RBI Fines Three Coop Banks Rs 8.6 Lakh for Rule Breaks
The Reserve Bank of India has hit three cooperative banks with fines totaling Rs 8.6 lakh for breaking key banking rules. This action, announced on September 9, 2025, targets Bidar...
Trump Targets Debanking: End to Political Bias in Banks
In a bold move to protect fair access to financial services, President Donald Trump signed an executive order on August 7, 2025, aimed at stopping banks from denying services based...
Asia-Pacific Markets Mixed After Wall Street Tech Rally
Asia-Pacific stock markets showed mixed results on Tuesday, following strong gains on Wall Street driven by a rally in technology stocks. Investors reacted to local political changes, economic data, and...
UK Banks to Close Over 70 Branches by 2025 End
Major UK banks plan to shut more than 70 branches before the end of 2025, hitting customers in England, Scotland, and Wales. Halifax, Lloyds, Santander, and Bank of Scotland lead...
Switzerland Leads Private Banking Compliance
Switzerland is setting new standards in private banking compliance, with stricter rules in Zurich and Geneva reshaping how banks handle high-risk clients and markets. As of 2025, these changes aim...
US Banks Face Surging Scam Losses in 2024
US banks are grappling with a sharp rise in fraud, where scams now make up more than a quarter of total losses. New data from 2024 shows these deceptive tactics...
British Business Bank Invests £8M in NRG Therapeutics
The British Business Bank has poured £8 million into NRG Therapeutics, a UK based neuroscience firm, as part of a £50 million Series B funding round announced on September 8,...