Indian gold loan financier Muthoot Finance reported a bigger-than-expected 90 per cent surge in first-quarter profit on Wednesday, aided by higher loan demand as prices of the precious metal soared. Muthoot Finance reported a profit of 20.46 billion rupees ($233.91 million) for the April-June quarter, above analysts’ estimate of 16.24 billion rupees, per data compiled
Open this photo in gallery: Trump’s administration has been slashing rules for financial institutions, claiming the cuts will bolster economic growth and revive innovation.Nathan Denette/The Canadian Press Anthony Ostler travelled to Switzerland in May with a sobering message for the world’s banking standard-setter: If countries continue to apply new global capital requirements inconsistently, the competitiveness
Banking sector reflects strength of economic vision, institutional confidence The resilience and growing sophistication of Azerbaijan’s banking sector stand as clear proof of the country’s successful economic policy and the determination of its institutions to build a stable, forward-looking financial system. In a recent report published by international credit rating agency Fitch
Tax proposals meant to reduce burdens among crypto users, including one that would waive capital-gains calculations for small-scale transactions, didn’t make it into President Donald Trump’s marquee budget bill but are now being pursued as standalone legislation in the U.S. Senate. Senator Cynthia Lummis, who leads the crypto subcommittee within the Senate Banking Committee, introduced
COLUMBIA, S.C. (WIS) – It’s a $2 million infusion into the battle over substance abuse in Lexington County. Five different groups, each focused on opioid recovery, will share the money. It’s a small fraction of the over $360 million South Carolina received as part of a nationwide settlement with three of the largest pharmaceutical drug
Chairman Prof. Narada Fernando Chief Executive Officer Clive Fonseka People’s Bank, one of Sri Lanka’s largest state-owned commercial banks, marks 64 years in operation today, affirming its role in expanding formal banking access and advancing financial inclusion. Over the decades, the bank has adapted to the shifting market dynamics and policy priorities, with the recent
Open this photo in gallery: The Bay Street Financial District in Toronto. The domestic stability buffer also affects the minimum capital levels that a bank is expected to hold.Nathan Denette/The Canadian Press Canada’s banking regulator has held steady the capital cushion that the country’s largest lenders must reserve, signalling that financial institutions are withstanding the
Top U.S. senators have shared the outline of what they’re after in the effort to establish rules of the road for domestic crypto markets, releasing a set of principles on Tuesday as they prepare to further hash out their intentions in an afternoon hearing. The crypto industry is excited about the recent progress of stablecoin
Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at
Nationwide Building Society‘s online banking is reportedly having issues with customers claiming their money has seemingly vanished. Down Detector indicates that the problems started at around 5.30am, with a flurry of complaints surfacing over the next hour. According to the outage tracking website, 83% of reported issues are related to funds Transfer, 9% to mobile