Bangladesh is dealing with one of its most challenging political and economic shifts, and the US tariff hike to 37 percent on its exports could worsen the situation. This could turn out to be a big problem for the economy, especially for the readymade garment (RMG) industry, which is Bangladesh’s primary export item. For all
The acquisition consolidates Vórtx as a leader in technological infrastructure, offering comprehensive and integrated BaaS and CaaS solutions to drive the next generation of financial services. The acquisition consolidates Vórtx as a leader in technological infrastructure, offering comprehensive and integrated BaaS and CaaS solutions to drive the next generation of financial services. State of Sao
Palestinian director Laila Abbas’ female empowerment drama “Thank You for Banking With Us!” won best film and director at the 9th Critics Awards for Arab Films at an event held on the sidelines of the 78th Cannes Film Festival. “Thank You for Banking With Us!” tackles the hot button issue of sexist Middle Eastern inheritance
A new report suggests Russia’s claims of economic strength are “misleading”, with the country in fact spiralling towards a banking crisis. Moscow has doggedly insisted that its economy has only experienced a minor annual shortfall of 2% since the war in Ukraine began, despite an estimated military budget totalling 6.7% of its GDP last year,
Dive Brief: The Financial Technology Association can intervene in a lawsuit bank trade groups brought seeking to quash a Consumer Financial Protection Bureau rule outlining a new U.S. open banking system, a federal judge ruled Wednesday. The association argued that the bureau was unlikely to defend its members’ interests in a case brought by banking
Opinion by: Megan Knab, CEO, Franklin Payroll There are few historical examples of such a massive about-face for an industry, from banks debanking crypto businesses to now embracing stablecoins. If you talk to most crypto startup founders or companies with crypto on the balance sheet, they will all have war stories about finding, applying for
The U.S. Department of Education began efforts in May to collect on student loans that are in default. More than 5 million borrowers nationwide are in default, or overdue on their student loans by 270 days or more, according to the department. Texas has 3.8 million student borrowers, according to the Education Data Initiative. More
After spending the first decade of his career at RBS — now NatWest — Matt Campbell, founder of Stadium Wealth, said his experience in banking shaped his role as an adviser. Speaking to FT Adviser as part of our Coffee Corner series, Campbell said he worked predominantly in corporate banking, joining the industry in April
Billionaire investor Warren Buffett’s Berkshire Hathaway heavily sold banking shares in Q1, according to a 13f filing with the US Securities and Exchange Commission. The Oracle of Omaha sold all shares of Brazilian bank Nu Holdings, which has its own crypto platform. He disposed of 40.18 million shares of the bank during the quarter that
The head of the EU executive also said the Commission would look to lower the oil price cap, a limit on the sales price for Russian crude oil which is decided at G7 level. Targeting Russia’s energy and banking sectors would have a “real impact” on the Kremlin, but doing so would be tricky because