News

As per the Saudi Press Agency, the country is planning to borrow $12.9 billion this year. Mohammed bin Abdullah Al-Jadaan, the country’s foreign minister, has given the go-ahead to the Kingdom’s borrowing plan for the year 2023, following the...

A likely ban on bank commissions to financial advisers who are in the business of selling their products can very well be a part of a wider shake-up when it comes to retail financial services in the European Union,...

According to Fabia Panetta, the ECB Board member, when it comes to the use of the digital version of the euro currency, it is going to be free to use and shall be available to all, however, the bank...

Banks will have to put aside a large sum of capital to cover their cryptoasset holdings under a proposed law that is supposed to be voted on by lawmakers on January 24. The cross-party compromises will be voted upon...

BENEFIT, an electronic financial transactions services company, signed a Memorandum of Understanding with the Jordanian Payment and Clearing Systems Company (JoPACC). The key focus of the MoU is to foster collaboration and participate in the programs part of the Jordan...

J.P. Morgan Asset Management (JPMAM) announced significant steps in advancing its long-standing commitment to expanding in China. JPMAM has received regulatory approval from the China Securities Regulatory Commission (CSRC) to complete its acquisition of China International Fund Management Co., Ltd....

Lumin Digital has announced a multi-year partnership with California’s Pacific Service Credit Union (Pacific Service CU) to support an enhanced online-banking experience for the credit union’s nearly 70,000 members and more than $1.4 billion in assets. Slated to launch in...