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
Grounded in the principles of trust, transparency, and compliance with Shariah law and to meet the growing demand of customers, EBL began Islamic Banking operations in August 2024. It is guided by a knowledgeable Shariah Supervisory Committee, its services are meticulously crafted to ensure that every transaction is ethical, profitable, and aligned with customers’ faith-based
Rory McIlroy will lose over £15,000 after his underwhelming performance at the PGA Championship. There were huge expectations for the Masters champion at Quail Hollow, a venue where he has enjoyed historic success. However, McIlroy endured a horrid time and was never near the leading pack. He was packing his clubs back into his car
This is an audio transcript of the FT News Briefing podcast episode: ‘Trump Administration to roll back banking rules’ Kasia Broussalian Good morning from the Financial Times. Today is Monday, May 19th, and this is your FT News Briefing. The UK and the European Union are looking to patch things up. And US regulators want