Bangladesh’s banking sector faces significant challenges due to longstanding structural weaknesses and recent emerging risks, according to the World Bank (WB). Low economic growth due to political uncertainty, forex shortage, and low investor confidence are feared to worsen vulnerabilities in the financial sector, dominated by banks representing 88 percent of total financial sector assets. For
JPMorgan Chase this week promoted 118 people in global banking and markets to the rank of managing director, the firm’s highest designation outside of the C-suite. The number is up slightly from the 116 executives the firm elevated to managing director in these business lines last year. The new MDs sit within JPMorgan’s commercial and
Doha – Société Générale Marocaine de Banques has launched a major digital transformation initiative in partnership with IBM and Power Maroc (PowerM). The bank is transitioning from monolithic applications to a microservices-based architecture to enhance operational efficiency, strengthen security measures, and deliver superior digital banking services. As Morocco’s digital landscape evolves, customer expectations for seamless
Muscat: As part of its steadfast commitment to fostering sustainable growth and driving excellence within the Islamic financial landscape, Sohar Islamic, the Islamic banking window of Sohar International, has signed a Memorandum of Understanding (MoU) with the Islamic International Rating Agency (IIRA). The collaboration underscores the bank’s proactive approach to aligning with global benchmarks in
Synopsis When you look at the banking sector, it is not just about excel sheets. It is about the ability to differentiate between the white, black, and grey in terms of the businesses that banks finance. Today, a bank financing exporters faces more uncertainty than one giving loans to domestically-focused companies. But what happens to
The separation of banking and commerce is becoming untenable. As the user experience becomes more digital, the distinction washes out. It all starts to look like data processing, writes Max Bonici, of Davis Wright Tremaine.Adobe Stock There is a pervasive myth that banking and commerce are — and must be — separate in the United
Benchmark equity indices Sensex and Nifty advanced on Tuesday, marking their sixth straight day of rise helped by gains in banking and FMCG shares and foreign fund inflows. Gains in banking and FMCG stocks as well as foreign capital inflows helped the benchmark equity indices, the Sensex and Nifty, increase on Tuesday for the sixth
The International Monetary Fund has sharply cut its growth forecasts for this year because of the disruption caused by the tariffs on imports introduced by the US. It says the tariff regime introduced on 2 April by the Trump administration will cut global economic growth by half of one per cent – reducing it to
Abu Dhabi: Abu Dhabi Commercial Bank (ADCB) has seen the value of its brand surge to AED 12.3 billion, a 17% increase from the previous year, according to Brand Finance Journal’s latest Top 500 Banking Brands report. As a result, ADCB has advanced seven places in the global banking brand value rankings to the 102nd
Bank stocks will be in focus on Tuesday, April 22, after the Reserve Bank of India (RBI) proposed easier liquidity norms. The RBI has released the final guidelines on Liquidity Coverage Ratio (LCR), which seem to be far softer than the earlier draft guidelines. According to the central bank, these changes are expected to lead