Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters
KARACHI: In pursuit of innovation and excellence in customer service, National Bank of Pakistan (NBP) has successfully completed a major upgrade of its banking technology platform. This strategic enhancement demonstrates NBP’s ongoing commitment to harnessing modern innovations to streamline operations. The improved banking platform introduces a suite of enhancements, including accelerated transaction processing, significantly reduced
The Indian stock market witnessed a remarkable rally last week, with the Nifty50 climbing 4.2% following the ceasefire announcement in the India-Pakistan war. Responding positively to the peace deal, investors saw an opportunity to capitalise on improving market sentiment. Defence and PSU stocks saw an impressive uptick, while banking stocks, especially smaller-cap ones, found their
Six major financial institutions roped in to support investment growth KUALA LUMPUR: Six major financial institutions – both local and international – have been roped in to support investment growth in the Johor-Singapore Special Economic Zone (JS-SEZ). The six are Bank of America, HSBC, Sumitomo Mitsui Banking Corporation, CGS International Securities, Maybank and CIMB. Economy
Stamford, Connecticut on Aug. 7, 2023.Adobe Stock Two months after shepherding a $58 million private placement to completion, Patriot National Bancorp CEO Steven Sugarman is remaking the Connecticut bank’s board and management team. Patriot, which has $957 million of assets, announced a number of new director and executive appointments on Monday. Most prominently, Private Bank
Tony G. Uribe: SBA lenders are likely to face a dynamic environment in 2025. The SBA had eased eligibility requirements under the previous administration, but the current administration has indicated an intention to reverse many of those changes in the near future. This shift is largely driven by rising delinquency and default rates, as well
Barclays, HSBC and Lloyds banks have all disappeared from the town centre since 2023, while Santander is due to close its doors, on Brecon’s High Street, next month. Brecon, Radnor and Cwm Tawe MP David Chadwick wants a banking hub for Powys’s second largest town, but says his proposals could fall short because Brecon still
By Jeff Koyen In the age of streaming movies and same-day shipping, many banks and financial institutions may not be delivering the instant results consumers increasingly expect. Bank transfers, for example, often remain sluggish: According to research from Visa, nearly two-thirds are conducted via ACH, which can take days to settle.1 getty More customers are
The US government is reportedly gearing up to announce a rollback in banking regulations that will provide financial institutions with looser capital requirements. President Trump’s administration is preparing to announce a reduction in the supplementary leverage ratio (SLR) for US banks’ capital reserves, the Financial Times (FT) reports, citing unnamed people familiar with the matter.
Minister in the Presidency for Women, Youth and Persons with Disabilities Sindisiwe Chikunga has called on the banking sector to be intentional in designing financial systems that assist the underserved and empower the marginalised. Addressing the Group of Twenty (G20) Breakfast-Round Table on the Empowerment of Women and Disability Inclusion in the Banking Sector, the