Finance Minister Nirmala Sitharaman on Wednesday responded with humour to AAP Rajya Sabha MP Raghav Chadha after he raised concerns about the state of banks in Parliament. “I was amused, sir, if member Raghav Chadha does not take offense,” she remarked. “He observed the number of fans in the bank, the condition of the bank,
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Jonathan Gould, the nominee to head up the Office of the Comptroller of the Currency, pledged to “shine a spotlight” on any de-banking activities during a Senate Banking Committee nomination hearing Thursday. Gould,
One of the hallmarks of the banking industry, and indeed many sectors of the overall stock market, is seasonality. Some businesses simply tend to perform better during different times of the year due to both consumer trends and macroeconomic factors. These types of stocks are known as cyclicals, and banks are among the most prominent.
Listen to article Robinhood is stepping up its game in the financial services space, rolling out wealth management and private banking offerings aimed at retail investors with smaller portfolios. The move signals the trading platform’s ambition to shape user financial behavior beyond trading, offering tools traditionally reserved for high-net-worth clients. The company on Wednesday unveiled ‘Robinhood Strategies’, a
For International Women’s Month, EastWest Bank is celebrating its 5,000-strong female workforce Retaining employees is not a simple feat nowadays, especially after the post-pandemic “Great Resignation” trend snowballed across the globe. In fact, according to the 2025 Employee Sentiment Study of global professional services firm Aon, almost two-thirds of Philippine respondents were in the process
LLM and AI in banking. AI, especially large language models (LLMs), is evolving at a breakneck pace, leaving banks both excited and overwhelmed. The technology is advancing so quickly that by the time a new system is implemented, it can already feel outdated. But one thing is certain: standing still isn’t an option. We have
Staff photos / Dan Pompili PNC Bank Youngstown Regional President Ted Schmidt and Alta Care Group CEO Joe Shorokey, center, hold the ribbon while preschool students at Alta Head Start McCartney Learning Center cut it with safety scissors at a grand opening event Wednesday. YOUNGSTOWN — Children at a local preschool will have a fun
The Rajya Sabha on Wednesday passed the Banking Laws (Amendment) Bill 2024, which allows account holders to have up to four nominees and grants more freedom to lenders to decide on remuneration of its auditors. The Lok Sabha had passed the bill in December last year. Banking bill cleared in RS through voice vote Replying
Parliament approved the Banking Laws (Amendment) Bill to allow account holders to have up to four nominees and enhance investor protection, with the Rajya Sabha giving its nod to it on Wednesday. The Lok Sabha passed the Bill on December 3 last year. The Bill aims to strengthen governance in the Indian banking sector, besides
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