The phenomenon of de-risking by correspondent banks has emerged as a significant challenge for international trade. De-risking refers to the practice of financial institutions terminating or restricting business relationships with...
Category: Finance
UK Inflation Report and US Interest Rate Decision Grip Markets
The financial markets are on edge as investors await the latest UK inflation report and the US Federal Reserve’s interest rate decision. These key economic indicators are expected to have...
BCRS Business Loans Increases Investment for Small Businesses
In a significant move to support small and medium-sized enterprises (SMEs), BCRS Business Loans has announced an increase in its upper loan limit from £150,000 to £250,000. This decision aims...
Australian Shares Flat as Miners Counter Losses in Banks
Australian shares remained largely unchanged on Wednesday as gains in the mining sector balanced out losses in financial and energy stocks. The S&P/ASX 200 index was flat at 8,017.9 points...
Federal Borrowing from Scheduled Banks Drops 58% in First Two Months of FY25
In a significant shift, federal borrowing from scheduled banks in Pakistan has decreased by 58% during the first two months of the fiscal year 2025 (FY25). This reduction reflects the...
Comparing Bitcoin and Traditional Banking Strategies
As the financial landscape continues to evolve, the comparison between Bitcoin and traditional banking strategies has become a hot topic. Bitcoin, a decentralized digital currency, offers a stark contrast to...
8 Out of 10 Banks Are Leaving Their Current Cards Platform
A recent study by Tietoevry reveals that 79% of European banks are in the process of migrating away from their current cards platforms. This significant shift reflects the growing need...
RBI Imposes Rs10.50 Lakh Penalty on Four Cooperative Banks
The Reserve Bank of India (RBI) has imposed a penalty of Rs10.50 lakh on four cooperative banks for non-compliance with regulatory directions. The highest penalty of Rs4.50 lakh was levied...
Audit Executives Urged to Rebuild Trust in Banking Industry
In a recent call to action, audit executives have been urged to take the lead in restoring trust within the banking industry. This appeal was made during the 59th Quarterly...
VistaJet Connects China-Africa Business Ties, Propelling Cross-Continental Commerce
VistaJet, a leading global business aviation company, is playing a pivotal role in strengthening business ties between China and Africa. By providing seamless private aviation services, VistaJet is facilitating cross-continental...