The Securities and Exchange Board of India (Sebi) has proposed a significant overhaul of the regulations governing merchant bankers. The new norms aim to enhance the integrity and efficiency of...
Category: Finance
Lloyds Banking Group to Convert Old Data and Office Sites into New Social Housing
In a significant move to address the UK’s housing crisis, Lloyds Banking Group has announced plans to convert its decommissioned data centers and former office sites into new social housing...
Japan’s Nikkei Stock Average Rises as Tech Shares Gain
Japan’s Nikkei Stock Average saw a notable rise recently, driven primarily by gains in technology shares. The index climbed 0.58% to 38,585.43, buoyed by strong performances from tech giants like...
Thailand’s Banking Sector Remains Resilient
Thailand’s banking sector has demonstrated remarkable resilience amidst global economic uncertainties and domestic challenges. Despite a slowdown in loan growth and rising credit risks, the sector has maintained robust levels...
EastWest Bank Launches New Mobile Banking App
EastWest Bank has unveiled its new mobile banking app, EastWest EasyWay, designed to provide customers with a seamless and secure banking experience. The app, launched in August 2024, aims to...
Bank-Fintech Partnerships Spark Concern for Banking Regulators
The rapid growth of bank-fintech partnerships has caught the attention of U.S. banking regulators, who are increasingly concerned about the risks these collaborations pose to the financial system. On July...
Senate Panel Chief Assails ‘Higher’ Profit Rates Charged by Islamic Banks
In a recent Senate Standing Committee on Finance meeting, Chairman Senator Saleem Mandviwalla criticized Islamic banks for charging higher profit rates compared to conventional banks. The committee, which convened at...
Banking on Buds: The Complex Interplay Between Cannabis and Commerce
The evolving landscape of cannabis legalization in the United States presents a unique set of challenges and opportunities for the financial sector. As states continue to legalize cannabis for medical...
FTSE 100 Movers: GSK Gains on Zantac News; Banks Slump
The FTSE 100 saw mixed movements on Wednesday, with GSK shares rising on positive news regarding its Zantac litigation, while major banks like NatWest, Barclays, and Lloyds experienced significant declines....
Redalpine Raises $200 Million for European Technology Fund
Redalpine, a prominent European venture capital firm, has successfully raised $200 million for its seventh investment fund, Redalpine Capital VII (RAC VII). This fund aims to support early-stage technology companies...