On 19 June, the Bank of England announced that the base rate would remain steady at 4.25%. This rate serves as a benchmark for banks and lenders to set interest rates on savings accounts, mortgages, and credit cards. Although the inflation rate remains above the bank’s target of 2%, the committee opted for a cautious
The recent dip in banking stocks triggered by the Central Bank of Nigeria’s (CBN) new forbearance policy may be more of an opportunity than a threat, according to Ugodre Obi-Chukwu, CEO of Nairametrics. Speaking on the business show MoneyLine with Nancy, during a segment titled “CBN Policy on Forbearance,” Mr. Obi-Chukwu suggested that the decline
KUALA LUMPUR, June 19 — Fitch Ratings has maintained its “neutral” outlook on Malaysia’s banking sector for 2025 while adjusting the outlooks for several Asia-Pacific countries amid trade war exposures. The rating agency said it has adjusted its outlooks for the banking sectors in South Korea, Taiwan, Thailand and Vietnam to reflect weaker prospects for
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Robyn to Support Growth in Private and Commercial Banking In the Bay Area and Emerging Markets SAN JOSE, Calif., June 19, 2025 (GLOBE NEWSWIRE) — Technology Credit Union (Tech CU) announced today that Robyn Zach has joined its Wealth Management team as Vice President, Senior Private Banking Relationship Manager. In this role, Robyn will support
Banking sector liquidity declined in the first quarter of 2025, according to The Central Bank of The Bahamas (CBOB) in its Quarterly Economic Review for Q1 2025. The CBOB noted the decline in liquidity happened notwithstanding an expansion in deposits outpacing the growth in domestic credit. Further, the accumulation in the financial system’s net foreign
FORT WORTH, Texas (WFAA) – A Texas man has a warning for others after he was defrauded out of $32,000. The teacher says he lost his life savings after answering a phone call from, who he thought was, his bank. However, the call was part of a sophisticated scheme. It felt so real and happened
The buzz around the IPO of HDB Financial Services is gaining momentum and perhaps it is a good time to also take a look at the share price movement of its promoter company, HDFC Bank. In fact, the HDFC Bank shares are up almost 20% in the last 1 year. The bank was in news
Britain’s banking sector is preparing for a fresh wave of consolidation, as major lenders and challengers alike position themselves for strategic acquisitions that could reshape the industry. Leading the charge is specialist lender Shawbrook, backed by private equity firm Pollen Street Capital, which is reportedly circling high street player Metro Bank in a potential deal
Mainland Chinese companies will use Hong Kong’s capital market as the launch pad for their global growth, according to an action plan signed on Wednesday with Shanghai to connect the premier onshore commercial city with the nation’s offshore financial hub. The two cities will expand the decade-old connect programme linking the stock markets of Shanghai