[BANGKOK] Thailand is shaking up its sleepy banking sector. The Thai Finance Ministry’s decision to grant virtual bank licences to three consortiums on Jun 19 is set to inject fresh competition to Thailand’s staid financial sector – but for these newcomers, turning a profit may prove elusive. Five consortiums threw their hats into the ring
Chairman and Chief Executive Li Yu’s eventual retirement might mean the biggest change for Preferred Bank’s governance in years. Yu, now 84, founded the independent mid-cap institution in 1991 and took it public in 2005. After leading downtown-based Preferred Bank through crises such as the Great Recession and the Covid-19 pandemic, Yu remains the final
A HUGE banking giant is about to cut opening hours in half at 36 branches within days. Santander is set to change the opening hours of dozens of its branches from June 30. This move comes as part of a broader restructuring, which also includes the closure of 95 branches and the conversion of 18
In 2000, before smartphones and mobile apps became ubiquitous, Axos Bank launched with a bold vision: to be the first bank that existed entirely online. Twenty-five years later, that vision has not only been realized – it’s been refined, scaled and expanded to serve individuals, businesses, and advisors nationwide. As Axos celebrates its 25th anniversary,
AN URGENT warning has been issued over a new mobile attack that allows hackers to hijack your bank accounts. A dangerous new version of malware, or malicious software, allows criminals to see inside your banking apps and steal your money. 1 A new version malware allows criminals to hack into your banking appsCredit: Getty The
Mobile banking is one of the most popular internet activities in Ireland. During the first six months of last year, 87% of internet users used internet banking or mobile banking, according to the Central Statistics Office. This trend tells us that many people now use their phones to manage their accounts and make payments. But
President Signs Banking and Environmental Resolutions into Law. The president has signed into play two key pieces of legislation, which could significantly alter the landscape of banking and environmental regulations in the United States. As published by the White House, S.J. Res. 13 and S.J. Res 31 were enacted yesterday in a move that asserts the administration’s
Banking secrecy graphic: Sept 2000 swissinfo.ch The Swiss public is becoming increasingly uneasy about the country’s controversial banking secrecy laws, according to new studies. This content was published on September 14, 2000 – 11:44 Two surveys show that most Swiss favour at least a partial removal of bank customers’ right to confidentiality. The studies, conducted
Experts say banking sector staring into abyss, with no clear route to climb out 21 June, 2025, 06:35 am Last modified: 21 June, 2025, 06:50 am Illustration: TBS “> Illustration: TBS Highlights: Bad loans may reach half of total bank lending. Banks face liquidity crisis; depositors risk losing funds. Political patronage fueled unsecured, inflated, and
(The Center Square) – Senate Republicans are itching to finalize and pass their version of the House-passed One Big Beautiful Bill Act, but a new ruling from the Senate parliamentarian requires them to nix some wish list items. Because Republicans are using the budget reconciliation process to fast-track the multitrillion-dollar policy bill, their proposals need