The financial services giant Goldman Sachs is telling shareholders that its competitors are now offering crypto products and services that the bank doesn’t. In its 2024 Annual Report, Goldman Sachs says in some circumstances, rival firms are offering products that clients may prefer, such as specific digital assets, which Goldman cannot or choose not to
The Bangladesh Bank has embarked on a series of banking reforms with quiet determination. Most recently, it has tightened regulations regarding dividend payouts by scheduled banks, exemplifying the strategy of seizing low-hanging fruit in the pursuit of structural reforms. Concurrently, an announcement was made to establish four new departments at the BB head office to
Money-saving maestro Martin Lewis has issued a critical warning to mobile banking users amidst a worrying spike in street muggings. During his latest ITV programme, Mr Lewis felt compelled to address the audience due to a noticeable increase in phone thefts, which can lead to bank accounts being swiftly drained. As the UK experiences a
(© kamonrat – stock.adobe.com) The Net Zero Banking Alliance is a partnership of banks dedicated to reaching net-zero greenhouse gas emissions by 2050. The Alliance was assembled in 2021 by the U.N. Environment Programme and plays an important role in discouraging the use of fossil fuels, especially throughout the financial sector. Recently, six major U.S.
TD Bank is streamlining its retail footprint, announcing the closure of 38 branches nationwide which casts six Massachusetts locations in the spotlight; they are slated to shut their doors on June 5. According to WCVB, the move is part of a strategy to “best serve our customers through an optimal mix of convenient TD Bank
The banking industry is profoundly transformed by changing customer behaviour, technological advancements, and competitive pressures. Customers are increasingly demanding personalised, convenient, and transparent services. They expect seamless interactions across digital platforms and are more willing than ever to switch service providers if their needs are not met. Fintech companies, with their customer-centric digital offerings, have
Tiff Macklem says he isn’t following every social-media post Donald Trump puts on his website Truth Social. But the Governor of the Bank of Canada is spending a lot of time scanning headlines as the President of the United States pounds the Canadian economy with an unending barrage of tariff threats. “I will admit I
LAHORE: A banking customer has secured his right of declaration, rendition of accounts, recovery, damages and injunction against an auto-finance facility from banking court, which had refused to take his case on the plea that it lacks jurisdiction on matters related to tort. According to details, the customer had filed a suit stating that an
Mercury, a fintech that offers banking to businesses, has ended its relationship with its long-time partner Evolve Bank & Trust. Mercury will migrate its customers over to its other sponsor banks, Choice and Column. The move comes a few weeks after another Evolve partner, Dave, shifted its partnership with Evolve to Coastal Community Bank, and
Prometeo, a Latin American fintech, has launched what it calls “borderless banking” for business-to-business payments between the U.S. and Latin American countries. According to the company, Prometeo has developed middleware that integrates U.S. and Latin American financial infrastructures through a single application programming interface. Users can access local accounts to receive payments, automate collections, and