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
BRYAN, Texas (KBTX) – A new boutique in downtown Bryan is offering shoppers more than just a chance to update their wardrobes. It’s offering them the chance to change lives. Stage Left, owned by Marcy Bartula, is a new shop where every dollar spent directly supports her nonprofit organization Different Day. The nonprofit’s mission is
Questrade Financial Group Inc. moved a step closer to obtaining a banking licence in Canada, entering the final phase of a rigorous process to earn approval from the federal banking regulator. The Office of the Superintendent of Financial Institutions, or OSFI, published a notice on Friday that said the government had issued letters patent –
Open this photo in gallery: Mark Carney was sworn in as Canada’s prime minister on March 14, taking charge of a country rattled by a breakdown in U.S. relations since President Donald Trump’s return to power.DAVE CHAN/AFP/Getty Images Mark Carney wants to move fast and build things. There was nothing subtle about the new Prime