Revolut Business has introduced its new Flexible Cash Funds for Romanian companies, offering a fresh way to manage and grow business cash reserves. Launched on July 19, this innovative financial...
Category: Finance
Microsoft Cloud Outage: Massive Global IT Crash Hits Airlines, Banks, Media
A massive global IT outage caused by a defective update from CrowdStrike has disrupted operations across various sectors, including airlines, banks, and media. The issue, which began on July 19,...
Savings of Individual Customers at Banks Hit Record High
Despite low interest rates, individual customers in Vietnam have continued to deposit their savings in banks, setting a new record high. According to the latest data from the State Bank...
RBI Penalizes Four Co-op Banks for Violation of Norms
The Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks for non-compliance with its regulations. The penalties, announced on Thursday, target the Vaishali District Cooperative Bank,...
Charles Schwab CEO Defends Business as Shares Tank After Earnings
In a recent interview with CNBC’s Jim Cramer, Charles Schwab CEO Walt Bettinger defended the company’s performance amid a significant drop in its share price. The financial services giant saw...
Big Banks Forced to Refund $28 Million in Fees
In a landmark decision, several major banks in Australia have been ordered to refund over $28 million to low-income customers. This follows an investigation by the Australian Securities and Investments...
Singapore Banks Ditch One-Time Passwords
In a significant shift towards enhancing digital security, Singapore’s major retail banks are set to phase out the use of one-time passwords (OTPs) within the next three months. This move,...
Banks Permitted to Sell Investment-Linked Insurance Products
In a significant development for the banking and insurance sectors, banks have been granted permission to sell investment-linked insurance products. This regulatory change aims to enhance the financial services offered...
Banks Pump Over 18.88 Billion USD into Economy in June
In a significant move to bolster economic growth, Vietnamese banks injected over 18.88 billion USD into the economy in June. This substantial infusion of capital aligns with the government’s credit...
The True Cost of Emma Raducanu’s Andy Murray Snub Revealed by Sports Finance Expert
Emma Raducanu’s decision to withdraw from the mixed doubles with Andy Murray at Wimbledon has sparked significant financial implications. Despite her impressive run in the singles tournament, Raducanu’s choice has...