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The Federal Competition and Consumer Protection Commission (FCCPC), has warned banks against customers’rights violation due to constant online banking services disruptions. A statement issued by Mr Tunji Bello, the Executive Vice Chairman of FCCPC in Abuja on Tuesday, said the FCCPC Act allowed consumers to seek redress for services that did not meet the necessary […]
American multinational Citigroup on Monday offloaded private sector lender HDFC Bank‘s shares worth Rs 275 crore through an open market transaction. Citigroup, through its arm Citigroup Global Markets Mauritius, sold 15,79,953 shares of HDFC Bank, as per the block deal data available on the BSE. The shares were disposed of at an average price of […]
While higher interest rates have hurt the bank’s finances, it made $1.6 billion from the global lift in gold prices over the past year. The bank holds about 6400 bars of the precious metal, now worth $9 billion, in the vaults of the Bank of England in London. Before the pandemic, the federal government received […]
Fair360’s “Networks that Work for Women” session at the 7th annual Women of Color and Their Allies (WOCA) event featured Marla Willner, SVP, Head of Commercial Credit Management at TD Bank (No. 20 on the 2024 Top 50 list). The event took place virtually on Oct. 8, 2024. Willner discussed the importance of networks for […]
Sixteen major Hong Kong banks said they would set aside HK$370 billion (US$47 billion) of funds for small and medium-sized enterprises (SMEs) to cope with economic hardships. The loan amount could potentially rise after the city’s de facto bank lowered a key capital requirement with immediate effect on Friday. The Hong Kong Monetary Authority (HKMA) […]
The local bourse held on to its gains after the Australian Bureau of Statistics said the nation’s unemployment rate remained at 4.1 per cent in September, while the participation rate climbed to a record high of 67.2 per cent. The strong employment figures suggest the labour market was not easing as quickly as expected, said […]
The centre’s submission cited 2020 research, which found a quarter of rentals in Australia needed repairs. Turner said the changes would prevent the type of prospective property investors from entering the market. “What we want in the private rental market is great landlords who can afford to fix the oven when it breaks,” she said. […]
Bank of America topped analyst estimates for third-quarter profit and revenue on better-than-expected trading results. Here’s what the company reported: Earnings: 81 cents vs. 77 cents LSEG estimate Revenue: $25.49 billion vs. $25.3 billion estimate The bank said Tuesday that net income fell 12% from a year earlier to $6.9 billion, or 81 cents a […]
When Canadians receive their carbon pricing rebates on Tuesday, it will be the first time all banks will label the payment as the Canada Carbon Rebate, the federal government says. This comes after years of inconsistent and vague phrasing on bank statements. The quarterly rebate goes to Canadians who filed their income tax while living in Alberta, […]
(Reuters) – Chinese banks are set to cut rates on 300 trillion yuan ($42.20 trillion) of deposits as soon as this week, Bloomberg News reported on Tuesday, citing people familiar with the matter. Major banks including Industrial & Commercial Bank of China (OTC:) and China Construction Bank (OTC:) Corp will be guided by the central […]