Seven years after he fled India just before the discovery of an astronomical Rs 14,000 crore scam, fugitive diamantaire Mehul Choksi was arrested in Belgium on Saturday. The Belgian Justice Department on Monday confirmed to NDTV that the disgraced businessman was in detention. It further said that India initiated the request for his extradition. The
…as banks risk suspension of operating licence Financial and economic analysts have raised concerns over a proposed bill at the House of Representatives which seeks to prohibit age restrictions for the employment of Nigerian citizens in banks and other financial institutions. The bill, which aims to amend the Banks and Other Financial Institutions Act 2024
Dzmitry Lubneuski is the CIO at a1qa, a leading pure-play software testing company. He’s a tech expert with a solid 20-year background in QA getty The odds of success during digital transformations are low — just three in 10 banks that embark on such journeys will meet their objectives. Why is it so? Organizations often
00:00 Speaker A Big banks are kicking off the first quarter earning season, and we want to talk about the ways that you can incorporate the financial sector into your portfolio. Here with more, we’ve got Syrian Sharma, who is the Morningstar senior equity analyst. Great to have you here with us. So let’s just
As more consumers embrace mobile apps and digital wallets, traditional banking, with its in-person visits and waiting in long lines, is gradually becoming a thing of the past. Over the past few years, we’ve witnessed a fundamental shift in how people manage their money. In 2024, over 60% of banking customers in the U.S. and
Dive Brief: Longtime M&T Bank executive Darren King has joined Fifth Third as head of regional banking, the Cincinnati-based lender announced Monday. King succeeds Kris Garrett, who is retiring. Garrett, who has served as Fifth Third’s wealth and asset management chief, as well as its regional president, will stay on until June to ensure a
Sen. Tim Scott, R-SC, is projecting early May for a full Senate vote on Jonathan McKernan’s nomination to lead the Consumer Financial Protection Bureau. The Senate Banking Committee, which Scott chairs, voted last month to advance McKernan’s nomination as CFPB director, and a full Senate vote is “imminent,” the senator said Tuesday during the American
The brick-and-mortar banking experience that retirees relied on growing up is waning. You may be aware that bank closings are becoming common these days as more people shift to mobile apps and online banking. There may be a bit of a learning curve for retirees, but once they make the switch, it can open up
Jody Bhagat: President of Americas at Personetics, a global leader in data-driven personalization & CE for financial institutions. getty The financial services industry has hit an inflection point. Banks currently face a moving target: As customers live more of their lives in digital channels, they expect the same level of personalization from their financial apps
These financial institutions were included in our research: ableBanking, Acorns, Affinity Federal Credit Union, Affirm, Albert, Alliant Credit Union, Ally Bank, Amalgamated Bank, American Express, Aspiration, Axos Bank, Apple Federal Credit Union, BancorpSouth Bank, Bank of America, Bank5 Connect, BankDirect, BankPurely, BankUnitedDirect, Barclays, Bethpage Federal Credit Union, Betterment, Blue Federal Credit Union, Bread Savings (formerly