Bank Holidays in May, Upcoming Bank Holidays: The Reserve Bank of India (RBI) has declared several holidays for May 2025, including Maharashtra Din, Rabindranath Tagore Jayanti, and others. If you are planning any important activities, banking transactions, or other bank services, plan accordingly to avoid any inconvenience during these closure days. In May, banks across
Determinants of moneyness in the credit theory of money. Credit: Review of International Political Economy (2025). DOI: 10.1080/09692290.2025.2476738 A recent study published by political scientists at Freie Universität Berlin, Christopher Olk and Louis Miebs, indicates that the global cryptocurrency system has been undergoing significant transformations. The crypto system, which was originally intended as an alternative
ATMs of South Korea’s four major commercial banks are lined up on a street in Seoul on Sunday. (Yonhap) South Korea’s four largest banking groups reported record-high combined earnings in the first quarter, approaching 5 trillion won ($3.48 billion) despite a broader economic slowdown and declining interest rates. Shinhan Financial Group on Friday posted a
Muscat: In line with its commitment to provide its clients the latest, most intuitive solutions, ahli islamic, a pioneer in Islamic banking in the Sultanate of Oman, introduced its newly enhanced mobile banking app, designed to deliver an improved and seamless user experience. Featuring a fully redesigned interface, the app offers a modern look and innate
Crypto banks look set to redefine the banking sector in 2025 getty The Federal Reserve is the latest U.S. regulator to clear the path for crypto banking to enter the mainstream, so let’s take a look at where the market stands and how it might evolve. One of the implications of the pro-crypto policies pursued
Trump’s crypto project says it sold $550M in tokens Donald Trump’s World Liberty Financial crypto project announced it raised $250 million in its second token sale, bringing total sales to $550 million. Cheddar U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In a break during a tense 2009 Citigroup board meeting, one of Wall Street’s more influential figures Robert Rubin approached the firm’s outside investment banking adviser, Scott Bok. Former US Treasury secretary Rubin, at that
Listen to article KARACHI: The State Bank of Pakistan’s 2024 Financial Stability Review signals improving macroeconomic conditions, with easing inflation, stable exchange rates, and a rebound in private sector credit. The banking sector showed strong performance, though concerns remain over rising borrowings, stressed microfinance banks, and global protectionist risks. The review highlights that macroeconomic conditions improved considerably
A cohort of Democratic Senate Banking Committee members Thursday demanded answers from the nation’s deposit insurer regarding an ongoing Department of Government Efficiency-led effort to cut over a thousand agency staffers. In the letter to acting Federal Deposit Insurance Corp. Chair Travis Hill, Senators Elizabeth Warren, D-Mass.; Raphael Warnock, D-Ga.; Chris Van Hollen, D-Md.; and
Despite his familiar surname, Robert Owen Lehman Jr. never figured prominently in the family business.— “Robin,” as he’s known, was not a bigwig at Lehman Brothers, the global financial services firm founded nearly two centuries ago by his great grandfather. Instead, his focus has been art – collecting it and making it. Perhaps because he