The Biden administration helped lead the push to remove some of Russia’s largest banks from SWIFT, an international system that allows financial institutions from all over the world to communicate transaction information, shortly after the country invaded Ukraine in early 2022. Russia has pushed for one of its top banks, Rosselkhozbank, to be reconnected to
The North Carolina House of Representatives this week passed a measure that would allow credit unions to expand into markets underserved by banks./nd700 – stock.adobe.com Credit unions in North Carolina are campaigning to change state law so they can increase services in so-called “banking deserts” — often rural markets where traditional financial services are sparse.
Stablecoin issuers should be restricted from providing yield-bearing opportunities to protect the legacy banking system, which issues home mortgages and small business loans, US Senator Kirsten Gillibrand said at a summit in Washington, DC. Speaking at the 2025 DC Blockchain Summit on March 26, the Democratic senator from New York praised her state for having
Amid concerns by Opposition members on proposed amendments, Parliament Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees. Lok Sabha had passed the Banking Laws (Amendment) Bill in December 2024. Replying to a debate on the Bill in Rajya Sabha, Finance Minister Nirmala Sitharaman said
2-minute read Filing for New Jersey unemployment guide Step-by-step guide to navigating New Jersey’s unemployment filing process online. Megan Fernandes and Katie Sobko, NorthJersey.com Barclays indicated that the layoffs this summer were being done to “align staffing to current and expected business needs.” In 2024, the British banking firm laid off 70 people in Whippany,
TY-LED GT Capital Holdings, Inc. reported a consolidated net income of P28.8 billion in 2024, down 1.7 percent from P29.3 billion in 2023, due to the absence of non-recurring gains recorded last year. Excluding non-recurring gains, core net income rose 11 percent year on year, largely driven by record earnings generated by its banking and
Parliament passed the Banking Laws (Amendment) Bill, allowing up to 4 nominees for bank accounts. The bill also redefines ‘substantial interest’ and increases the tenure of directors in cooperative banks. New Delhi, Mar 26 (PTI) Parliament on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four
Rules put in place decades ago to protect dwindling wetlands that help clean water and protect Florida from hurricanes and flooding face a new challenge. State lawmakers now want to rewrite the terms for builders who purchase mitigation credits and allow them to “bank” impacts far from where wetlands are paved over. Rather than restoring
The Cloud has thrown more light on the ERP systems and thrown the banks into an unprecedented era of flexibility and scalability. Cloud-based ERP solutions allow for remote access, real-time data updates, and continuous upgrade of systems. Such functionality offers financial institutions the ability to keep up with changing market demands while still providing uninterrupted
Al Dakhil: The continuous rollout of new enhancements and services underscores NBK’s deep understanding of customer aspirations Our innovative solutions showcase our digital leadership, consistently exceeding customer expectations In line with its commitment to advancing digital banking, National Bank of Kuwait (NBK) is continuously enhancing its NBK Mobile Banking App by introducing innovative features and