Banking

China must move on to accelerate legislation when it comes to the Financial Stability Law and also enhance other legal arrangements that are designed to safeguard as well as dispose-off the financial risks, wrote three officials from the People’s...

Bank ABC, one of MENA’s leading international banks, has signed agreements with Temenos and NdcTech to replace its core banking systems for its retail, corporate and wholesale businesses and power its subsidiary, ila Bank, the MENA region’s fast-growing digital...

Versana announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry backed, digital data and technology platform transforming the $5 trillion syndicated loan market. These major institutions have...

Global payments technology company, Brightwell, today announced that it is making it easier for fintechs, money transmitters, and prepaid and banking providers to integrate real-time* payment technology into their solutions utilizing ReadyRemit via Visa Direct.** Through this collaboration, Brightwell...

The banking industry's stress is being closely monitored for the possibility of a credit crunch, a U.S. Federal Reserve policymaker warned on March 26, while a European Central Bank official similarly hinted at possible lending tightening. Regulators throughout the world...

Silicon Valley Bank's former parent business must now wait to see if it can reclaim the almost $2 billion in cash that regulators seized earlier this month. During the firm's first bankruptcy court proceeding on March 21, lawyers for SVB...

The UAE has joined other Gulf central banks in raising interest rates, following a hike by the US Federal Reserve. The Central Bank of the UAE has gone on to increase the base rate for the overnight deposit facility (ODF)...