American Banks Lose Nearly $19 Billion in Loans
In the United States, banks in the second quarter of this year reported losses on loans of almost $19 billion.
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Moody’s Revises Credit Ratings of Six Major US Banks
The international rating agency Moody’s has reviewed the credit ratings of six major US banks, including Bank of New York Mellon, State Street, and Northern Trust, for possible downgrades.
KeyBank Improves Cashback Service
KeyBank has added new ways to get favorable rates, access to deposits, and cash refunds.
13th Africa Bank 4.0 Summit – West Africa
13th Africa Bank 4.0 Summit — West Africa 10th – 12th October 2023 EKO Hotel & Suites, Lagos, Nigeria #africanbanksummit Event Link: https://www.biiafricabanksummit.com Event Registration: https://www.biiafricabanksummit.com/register/ Download Event Agenda: https://www.biiafricabanksummit.com/download-agenda/ After the success of 12 successful editions, the 13th Africa Bank 4.0 Summit – West Africa, will be focused on “Scaling Digitally Upwards for a […]
British Finance Sector Reportedly Seeks to Delay on New Capital Requirements
The media reports that the central bank of England is currently under pressure, the purpose of which is to postpone the date of entry into force of the new capital requirements.
Deposits Reportedly Disappear From Wells Fargo Bank Accounts
Wells Fargo is currently solving a technical problem, as a result of which, according to reports in social media, direct deposits began to disappear from the bank accounts of customers of this financial institution.
NCR President Says Banks Must Use AI to Stay Relevant to Customers
Doug Brown, president of NCR, an American company specializing in computing technology for retail chains, the banking sector, tourism, and medical industries, said that at present, an up-to-date understanding of consumer thinking is of paramount importance for financial institutions.
Swiss National Bank Reports $15 Billion Loss
The Swiss National Bank on Monday, July 31, reported that following the results of the second quarter, this financial institution recorded a loss of 13.2 billion Swiss francs ($15.14 billion).
Bank of America CEO Says New Capital Requirements Must Ensure Level Playing Field
Brian Moynihan, CEO of Bank of America, expressed the opinion that the new capital requirements should form a space of equal conditions for all representatives of the US banking sector.
Revolut Launches Accounts for Non-US Citizens in US
Those who are lawfully in the US but don’t have SSNs can now get a Revolut account
Commerzbank Performs Live Blockchain-Based Transactions on Trade Finance Network Contour
Commerzbank has become the first German Bank to successfully carry out blockchain-based Letter of Credit (LC) transactions for its clients at its Singapore and Shanghai branches on the digital trade finance platform Contour
PacWest to Merge With Banc of California
PacWest Bancorp plans to implement a merger deal with Banc of California.
Banco Santander Earnings Beat Estimates
The revenues of Banco Santander SA in the second quarter of this year exceeded the initial forecasts regarding this result of the bank’s activities.
Deutsche Bank AG Survives Slowdown in Trading Well
Deutsche Bank AG was able to survive a period of slowing trading, demonstrating a result that largely exceeded analysts’ expectations about the lender’s ability to cope with these adverse circumstances.
Capital One Publishes Results for Second Quarter of 2023
The American bank holding company Capital One has released financial results for the second quarter of 2023.
Myanmar Shadow Government to Launch Neobank to Finance Fight Against Military Junta
The shadow government of Myanmar, the National Unity Government (NUG), plans to create a neobank, whose activities will be carried out on the Polygon platform.
