Per new law, shares with unpaid dividends and unclaimed bond dues for seven years to go into IEPF The Finance Ministry has announced August 1 as the appointed date for the implementation of provisions in the Banking Laws (Amendment) Act, 2025. These provisions relate to enhancing the threshold for substantial interest and widening the ambit
(Reuters) -Citigroup has hired Pankaj Goel from JPMorgan Chase to co-lead its technology investment banking, according to a memo seen by Reuters on Tuesday. Goel, who has more than twenty years of technology experience, was most recently global chair of technology investment banking at JPMorgan, according to the memo, signed by Citi’s head of North
M. Nazeem A. Choudhury, Deputy Managing Director, Prime Bank The Daily Star (TDS): What is the current state and trend of bank deposits in the country? For all latest news, follow The Daily Star’s Google News channel. M. Nazeem A. Choudhury (MNAC): The deposit landscape in Bangladesh is evolving amidst global uncertainties, domestic inflation and
With Wells Fargo freed from its asset cap, the lender’s government banking team is squarely focused on growing both its client base and deepening its relationships with those customers. “Our limitations are behind us,” said Elena Gallo, head of the government banking unit within Wells’ commercial bank, in a recent interview. “The team feels that
The ROAD to Housing Act is now headed to the Senate floor for consideration. It has garnered support from key housing, real estate and mortgage trade groups, though several are pushing for changes to specific provisions. “This bill is a welcome step in the right direction,” said Isaac Boltansky, head of public policy at Pennymac,
The continued investment in branches is a continued investment in bankers. A well-trained, motivated banker turns a physical location into a relationship hub, writes Dave Martin, of BankMechanics.Adobe Stock I recently spent a few days back in a small town we called home almost 30 years ago. As I drove around the area, I found
Banking feels simple, until you realize your money’s stuck in a low-interest account, and you’re getting hit with surprise fees left and right. I’ve been there. I bounced between a friendly local credit union, a big-name bank, and finally, an online-only account that actually worked. After all the trial and error, here’s what I learned:
Staff report Consumers National Bank will open its first full-service branch office in Mahoning County next summer, the Minerva-based company said Monday. Company officials said they received permission from the Office of the Comptroller of the Currency in Washington, D.C., to operate its 24th bank on South Avenue in Boardman. The company has operations in
ASB and ANZ have rejected an offer to settle a class action law suit for breaches of historic credit disclosure laws. Photo: A top lawyer working with the plaintiffs in a large-scale banking class action is calling for a formal investigation into “serious civil service process failures” by Ministry of Business, Innovation and Employment officials.
Image source: Getty Images The Big 4 banks have received a lot of attention over the past couple of years. While Australia’s largest banks have always been popular investments, their strong performance over the past few years has cast them in the spotlight. In particular, the valuation of Commonwealth Bank of Australia (ASX: CBA) is