The Latest Breaking News on Financial Services

After mass withdrawals in 2023, some small banks have enacted stricter loan criteria, and customers are looking for big returns.

Congress questioned the latest Reserve Bank of India (RBI) instructions to the banks allowing for “technical write-offs” for accounts categorised as wilful defaults and allowing such accounts to take fresh loans after a cooling-off period.

Organisers of shady loan apps are emerging as a major threat across the country as they look to target vulnerable people from poor and middle-class families by lending them large sums of money in the form of unsecured loans at high rates of interest, according to police officers

Despite a few signs of improvement in the U.S. banking system, its stability remains a concern. Therefore, it could be wise to add fundamentally sound foreign banking stocks Deutsche Bank (DB), Erste Group (EBKDY), and Woori Financial Group (WF) to one’s watchlist. Read more….

Godwin Emefiele was second-longest-serving governor of Nigeria’s central bank and oversaw its biggest economic downturn.

The firm's Bristol office at Portwall place in the home office for over 800 employees and is the largest within DACB's global network

Bank unions AIBOC and AIBEA opposed RBI’s move to allow lenders to settle loans of wilful defaulters under compromise settlement.

Just over a third of complaints dealt with by the Financial Ombudsman Service in the 2022/23 financial year were upheld in consumers’ favour.

Consumer group Which? carried out research among more than 2,700 bank customers with disabilities.

Minister of State for Entrepreneurship, Skill Development, Electronics and Information Technology Rajeev Chandrasekhar has stressed on the relevance of skills in the job sector in the post-COVID-19 era.

The U.S. banking industry remains confronted with notable challenges after the recent collapses of three regional banks. With the effects of the bank crisis expected to last longer, investors could consider investing in fundamentally stable foreign bank stocks KB Financial (KB), Woori Financial (WF), and Banco Macro (BMA) instead this…