By Mahesh Nayak The digital banking unit (DBU) initiative — banks’ attempt to connect with the unbanked and the underbanked population using their digital prowess — largely remains on paper three years since its launch, with banks adding just 25 units to the initial 75. Several bank officials FE spoke to remained sceptical about the
(WOWT) – Nebraska Attorney General Mike Hilgers is reporting a surge in romance scams and cryptocurrency-based investment fraud. In a release sent Wednesday, AG Hilgers’ office says they have received reports of multiple victims losing up to six-figure sums in cryptocurrency scams. Officials say Nebraskans are being targeted by scammers and encouraged to make small,
The founders of women-owned Fortuna Bank aim to help local business owners grow and thrive. Lisa Berger and Ilaria Rawlins had experienced plenty of success in their careers, but a novel idea to start a women-owned bank was an opportunity they couldn’t turn down. Berger and Rawlins met in 2006, when Berger—at the time a
A low-cap altcoin is up after the world’s top crypto exchange platform by volume announced the listing of perpetual futures for it. In a new announcement, Binance says it will launch support for Bitcoin (BTC) decentralized finance (DeFi)-focused platform Lorenzo Protocol (BANK) to Binance Futures. Binance’s announcement came on the same day as BANK’s official
Newmax’s stock debut may be the talk of Wall Street, but the investment bank behind the deal is not normally associated with the sector’s splashiest IPOs. Rather than using a large advisory firm like Goldman Sachs or Morgan Stanley, Newsmax tapped a relatively obscure advisor: the Laguna Beach, California-based Digital Offering LLC, which has just
In the last few days, Nigerians have been inundated with the staggering sums our banks have declared as profits. Almost all the big banks, collectively termed FUGAZ, have crossed the N1 trillion mark in top-line revenues, leading them to declare billions in dividends. While their stakeholders are smiling to the bank, the rest of us
A state-backed bank in France is reportedly launching a multimillion-dollar initiative to invest in crypto projects. According to a new report from Bloomberg, French government-owned bank Bpifrance – which has nearly $110 billion in assets under its management – is rolling out a $27 million crypto venture fund to invest in digital asset startups. Not
The victim’s total losses were $550,000 – over the Banking Ombudsman Scheme’s financial threshold. However, ANZ has agreed to waive the limit to enable the investigation to proceed – despite refusing to do so in another $1 million fraud case. The ombudsman’s probe follows a Herald investigation into the case, in which Kate lost her
For Bank of America’s Raul Anaya, wildfire relief efforts are now a full-time job Raul Anaya has found his next big project. He’s been tapped by the chief executive of Bank of America to step back from his day-to-day role as national head of business banking, one of eight major lines of business for the
Mike Gorius and Kevin Hart opt for private lenders despite higher interest rates. The main advantage of working with private lenders rather than traditional lenders is speed. Finding people with capital boils down to networking, leveraging social media, and cold-calling. As of March 2025, mortgage rates are hovering around 6.4%. Real-estate investors Mike Gorius and