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Retail Banking News Monitoring

  • Published on Oct 31, 2024

    StanChart to double investment in wealth management as profits rise

    Standard Chartered has said it will double investment in its wealth management business and shift its focus towards affluent individuals and global institutions after pre-tax profits rose in the third quarter. The UK-based bank on Wednesday reported …

    Source: The Financial Times - Neutral
  • Published on Oct 31, 2024

    The cautionary tale of Goldman and Apple’s credit card

    Stay informed with free updates Simply sign up to the Financial services myFT Digest -- delivered directly to your inbox. To think it all started out so well. When Goldman Sachs and Apple teamed up to launch a credit card in 2019, neither the storied …

    Source: The Financial Times - Neutral
  • Published on Oct 31, 2024

    SocGen’s Krupa shakes up leadership as profits rise

    Adrienne Klasa in Paris and Ortenca Aliaj in London October 31 2024 Jump to comments sectionPrint this page Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Société Générale chief …

    Source: The Financial Times - Neutral
  • Published on Oct 31, 2024

    BNP profits rise driven by global markets business

    Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Trading and investment banking buoyed third-quarter results at BNP Paribas, helping offset weakness in commercial and retail …

    Source: The Financial Times - Neutral
  • Published on Oct 28, 2024

    LOTUS Bank Wins  Global Retail Banking Innovation, BAFI Awards

    LOTUS Bank, one of Nigeria’s fastest growing non-interest bank, has been awarded the Best Financial Inclusion Initiative and Debit Card of the Year at the Global Retail Banking Innovation Awards 2024 held in Singapore. Also, the bank has received the …

    Source: This Day - Pro-Government
  • Published on Oct 31, 2024

    HSBC cancels youth savings programme

    Updated: Oct 31, 2024 03:54 PM The banks programme was designed to teach young people good savings habits (File photograph) HSBC has shelved its MySavings Youth Account programme. The announcement comes as crosstown rival Butterfield is on the verge of …

    Source: The Royal Gazette - Neutral
  • Published on Oct 31, 2024

    BofA Says Regulators May Take Action Over Money Laundering, Zelle

    Outcomes from inquiries can vary dramatically — including regulatory orders that require firms to address specific shortcomings or, in extreme cases, fines that can stretch into the billions of dollars. In an exceptional case earlier this month, Toronto- …

    Source: Think Advisor - Label Pending
  • Published on Oct 31, 2024

    RFCD interest rate to be fixed on basis of bank-customer relationship: Cenbank 

    TBS Report 31 October, 2024, 06:15 pm Last modified: 31 October, 2024, 10:00 pm Banks will no longer be required to adhere to the Secured Overnight Financing Rate (SOFR) caps when setting interest rates on Resident Foreign Currency Deposits (RFCDs). …

    Source: The Business Standard - Neutral
  • Published on Oct 28, 2024

    Zenith Bank Wins ‘Bank of The Year’ and ‘Retail Bank of The Year’ at BAFI Awards 2024

    Zenith Bank Plc has emerged as ‘Bank of the Year’ and ‘Retail Bank of the Year’ at the Businessday Banks and Other Financial Institutions’ (BAFI) Awards 2024. The bank retained the ‘Bank of the Year’ award for the second consecutive year, carting home the …

    Source: This Day - Pro-Government
  • Published on Oct 31, 2024

    Glen Burnie Bancorp Announces Third Quarter 2024 Results

    GLEN BURNIE, Md., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $129,000, or $0.04 per basic and diluted common share for the …

    Distribution channels: Banking, Finance & Investment Industry, Media, Advertising & PR ...
  • Published on Oct 31, 2024

    Banks following financial conduct rules, says Central Bank

    44 Commercial banks are “largely compliant” with new market conduct guidelines introduced in July, though some accessibility improvements could take up to a year to implement, the Central Bank of Barbados reported Wednesday.   Deputy Governor Alwyn Jordan …

    Source: Barbados Today - Neutral
  • Published on Oct 31, 2024

    100 SM volunteer teams mobilized

    SM, through its department store chain SM Store, recently mobilized 100 volunteer teams in its retail network to distribute items to communities as part of its corporate social responsibility day. SM said 75 teams from SM Store and 25 teams from various …

    Source: Business World - Label Pending
  • Published on Oct 31, 2024

    Euro area bank interest rate statistics: September 2024

    31 October 2024 Bank interest rates for corporations Chart 1 Bank interest rates on new loans to, and deposits from, euro area corporations (percentages per annum) Data for cost of borrowing and deposit interest rates for corporations (Chart 1)The …

    Distribution channels: Banking, Finance & Investment Industry
  • Published on Oct 31, 2024

    SocGen reshuffles management as Q3 numbers beat forecasts

    Chief executive Slawomir Krupa will now supervise the lender’s underperforming French retail operations directly, replacing current head and deputy chief executive Philippe Aymerich. Chief financial officer Claire Dumas will also step down, to be replaced …

    Source: ShareCast - Label Pending
  • Published on Oct 31, 2024

    How an Indian tech company built a $19 billion brand by sponsoring the New York City marathon

    Typically, when a company decides to sponsor a major event, it is looking to build awareness with a broad cross-section of consumers for its products. So when TCS, the tech services unit of Tata Group, a large Indian conglomerate, that is hardly a …

    Source: Fortune - Neutral
  • Published on Oct 31, 2024

    Access Holdings Resolves to Deepening Inter-, Intra-African Trade

    Access Holdings Plc, the parent company of Access Bank Plc, has announced a series of initiatives aimed at empowering small businesses across Africa and enhancing intra-African trade. During a recent media roundtable, the leadership team, including Acting …

    Source: BrandCrunch Nigeria - Label Pending
  • Published on Oct 31, 2024

    Former Opay CEO Olu Akanmu appointed Academic Director of Lagos Business School’s Tech-Leap Initiative

    Former Opay Chief Executive Officer, Olu Akanmu has been appointed Academic Director of Tech-Leap Initiative (TLI). The initiative is a subsidiary of the Lagos Business School (LBS) focused on tech startup founders. With a plethora of experience in the …

    Source: Technext - Neutral
  • Published on Oct 31, 2024

    Sandy Spring Bancorp Declares Quarterly Dividend

    (MENAFN- GlobeNewsWire - Nasdaq) OLNEY, Md., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of $0.34 …

    Source: MENAFN - Uncategorized
  • Published on Oct 31, 2024

    CEO Shareef appointed as BML’s Managing Director

    Mohamed Shareef, the Chief Executive Officer of the Bank of Maldives (BML) has been appointed as the bank’s Managing Director. According to BML, Shareef was appointed by the government to the Board of Directors at the Extraordinary General Meeting (EGM) …

    Source: Sun Online International - Uncategorized

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