Imagine your entire superannuation and life savings vanishing in one day — all because of one convincing video from social media. West Australians are increasingly being duped by celebrity and crypto cons, resulting in millions of dollars being stolen. New research by WA ScamNet revealed that almost 50 WA residents have fallen victim to investment
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
Downtown Denver business leaders are banking on two Colorado brands specializing in ice cream and milk tea to bring more families and visitors to 16th Street when its renovation finishes this fall. Sundae Artisan Ice Cream and Milk Tea People were loaned a combined $1.4 million last month by the Downtown Development Authority (DDA), which
Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news. Malaysian banks will start imposing an 8% service tax on certain financial services starting 1 July 2025, under the new expanded sales and service tax (SST) This rollout will be carried out in phases, in accordance with official guidelines from the Royal Malaysian Customs Department,
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
FICO announced on Monday that it is going to start incorporating buy now, pay later (BNPL) data into credit scores. The news comes as the payment method surges in popularity, with over 91 million Americans expected to use BNPL for purchases this year. Buy now, pay later data incorporated into credit scores The FICO Score 10
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
President Trump eases tariffs for automakers President Donald Trump signed an executive action to ease auto tariffs. The current 25% tariff leveled on imported cars will remain intact but that other similar tariffs, such as tariffs on steel and aluminum, will not stack on top of the 25% auto tariff, according to senior administration officials.
Driven by strong demand for wealth management and insurance solutions in Asia, OCBC posted record financial results for the third year in a row. The Singapore-based bank reported a net profit of S$7.6 billion (US$5.9 billion) for its 2024 financial year, and total income rose by 7 per cent to S$14.5 billion. Within the year,
Editor’s Note: APRs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. Select will update as changes are made public. Personal loans are the fastest-growing debt category in the last decade. That’s due in part to the rise of fintech and