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The Latest Breaking News on Financial Services

Karnataka Bank turns 100 on Feb. 18; targets to cross ₹100,000 crore in gross advances by March 2026

Mangaluru-based Karnataka Bank Ltd. (KBL), set up in February 1924 by a group of professionals from diverse fields with an intent to serve the underprivileged, turns 100 on Sunday.

The Hindu

U-turn and profits dip add up to tricky sell for Barclays

With rivals HSBC and Lloyds set to announce healthy earnings, it will be a tough week for the bank’s boss

The Guardian - UK

ED finds no FEMA violation in Paytm Payments Bank case

The Enforcement Directorate has not found any violation under the Foreign Exchange Management Act during the inquiry of Paytm Payments Bank Limited transactions

The Hindu

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Bank of America (BAC) and JPMorgan (JPM): Potential Investment Opportunities Ahead?

Despite facing major setbacks last year, the banking industry is poised for resurgence, buoyed by the higher interest rate environment, heightened consumer spending, and technological prowess. Amid this, let's analyze the fundamentals of two leading players in the banking sector: JPMorgan (JPM) and Bank of America (BAC). Read more….

StockNews.com

Former Governor Roy Eugene Barnes discusses working with top lawyer

Former Governor Roy Eugene Barnes faces questioning in a Fulton County courtroom. The transcript highlights his collaboration with attorney Craig Gillen an...

Top News

‘I’m still proud of what we created’: Metro Bank’s 14-year rollercoaster ride

From its lavish launch parties to a 2019 accounting scandal, the UK challenger bank has been beset by controversy

The Guardian - UK

UK Bank NatWest Shakes Off CEO Turmoil As Profits Jump

British bank NatWest on Friday said net profit jumped nearly a third in 2023 on higher interest rates, adding that Paul Thwaite would become permanent chief executive following boardroom turmoil.

International Business Times

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NatWest reports biggest annual profit since 2007 financial crisis

Pre-tax figure of £6.2bn comes as bank confirms Paul Thwaite will take over permanently as chief executive

The Guardian - UK

NatWest profits boom sets up government stake share sale

NatWest set itself up for a major sale of its shares back to the public today with a 20% leap in annual profits to £6.2 billion.

Evening Standard

UK retail sales rebound after Christmas slump; company insolvencies rise – as it happened

Rolling coverage of the latest economic and financial news, as retail sales in Great Britain rebound by 3.4% in January

The Guardian - UK

Big Firms With $7 Tn Exit Climate Investment Pressure Group

A pair of large investment companies with nearly $7 trillion in assets, said Thursday they exited a climate change investor initiative that aims to pressure companies to quickly cut carbon emissions.

International Business Times

World Bank Approves $300 Mn In New Funding For Afghanistan

The World Bank's executive board has approved $300 million in new funds for Afghanistan, which it will deploy outside the control of the Taliban authorities, the development lender confirmed Thursday.

International Business Times

Why More People Are Using Small Banks And Credit Unions

More people are considering community banks and credit unions for their lower interest rates and friendlier service.

Kiplinger

Ukraine Rejects Removing Raiffeisen from Russia War Blacklist

Discover the exclusive story of Ukraine's refusal to remove Raiffeisen from the Russian war blacklist, shedding light on the ongoing Ukraine crisis.

Top News

Eurozone Banks Warned of New Risks by ECB Supervisor

Euro zone banks are warned of new risks by the ECB supervisor, highlighting the need for increased vigilance and proactive measures to mitigate potential c...

Dynamite News

"No review of decision on Paytm Payments Bank" says RBI Chief Shaktikanta Das

RBI Governor Shaktikanta Das on Monday reiterated that all decisions taken by the Central bank are carefully considered. Read further on Dynamite News:

The Guardian - US

Nigerian bank CEO and family among six killed in California helicopter crash

Access Bank CEO Herbert Wigwe, his wife and son die in crash, along with former group chairman of Nigeria’s stock exchange

Dynamite News

Rajya Sabha to hold short discussion on White Paper, Ram Lalla Pran Pratistha on last day of Budget session

Rajya Sabha will on Saturday, the last session of the ongoing Budget session of Parliament, hold a short-duration discussion on the White Paper put out by the Centre and on the Pran Pratistha of Ram Lalla. Read further on Dynamite News:

The Guardian - AU

‘Every day we get tourists’: current owner of infamous bodies-in-barrels bank says Snowtown is ‘nice and quiet’

As the SA government considers whether a high-risk offenders scheme could apply to Snowtown killers, locals have mixed feelings about renewed attention

International Business Times

Are US Banks Redefining Overdraft Practices? Revenue Declines Hint At Shifting Trends

Major U.S. retail banks experienced a significant decline in overdraft revenue last year, signaling a shift towards more consumer-friendly practices.

StockNews.com

3 B-Rated Foreign Bank Stocks to Consider

The U.S. banking sector continues to face challenges, including rising deposit costs in a high-rate environment, credit rating downgrades, and risk of defaults in commercial real estate (CRE) lending. Hence, it could be wise to look beyond borders and add quality foreign bank stocks Banco Macro (BMA), Banco Santander (SAN),…

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