Latest News for: Bank assets

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NDIC: We’re Experiencing BVN Challenges with Heritage Bank’s Corporate Customers

This Day 14 Jul 2024
“The NDIC has already taken over the assets of the bank with the readiness to pay all the claimants – the depositors and creditors as specified by the law.
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QIB titled as best performing bank in Qatar by The Banker

GCC Business News 14 Jul 2024
The implementation of an effective risk management framework, including the integration of ESG principles in its credit policies and procedures, has enabled the Bank to maintain high asset quality and ...
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Trương Mỹ Lan faces additional charges in Việt Nam’s biggest financial fraud

Vietnam News 14 Jul 2024
Vạn Thịnh Phát chairwoman Trương Mỹ Lan, who is on death row, is facing additional charges, including misappropriation of assets through fraudulent bond issuances, as part of what is considered Việt Nam’s biggest financial scam ever.
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Cyprus banks falling far short in social responsibility

CyprusMail 14 Jul 2024
Conversely, Cyprus banks piled up cash amounting to around 37 per cent of their assets over these two years, while the systemically important banks of the euro area held a much lower average of 13.5 per cent of their assets as cash.
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Philips Oduoza: Eyes on the Prize

This Day 14 Jul 2024
As the Chairman and Founder of NOVA Merchant Bank Limited, his foresight has led to notable accomplishments. Oduoza’s influence in the banking sector continues to grow as he spearheads innovative financial services.
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JPMorgan and Wells Fargo In Billions Of Bad Debts, Will Feds Step In

CoinGape 14 Jul 2024
The United States’ biggest banks JPMorgan ... With advocacy for BTC growing, the banks might increase allocation into the asset class soon, a move that might help in hedging against their bad debts.
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Major banks write off over $2.3 bil. bad debts in H1

Korea Times 14 Jul 2024
Banks classify loans that are more than three months overdue as being unlikely to be recovered and either write them off their books or sell them at a steep discount to asset management companies.
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Senator Cynthia Lummis Says Bitcoin Could Save The US Dollar

Bitcoin World 14 Jul 2024
Bitcoin and digital assets are the future ... No retail Central Bank Digital Currencies ... This includes rejecting retail Central Bank Digital Currencies (CBDCs), supporting protections for self-custody Bitcoin wallets, and restoring the dollar’s dominance.
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Bloomberg Analyst Predicts Fed Rate Cuts Post US Equity Reversal

CoinGape 14 Jul 2024
The central bank’s ability to navigate this delicate balance will be critical in shaping the economic landscape for American consumers and businesses in the coming months ... FDIC Nominee Says Banks Free to Serve Digital Asset Firms .
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Yoon pledges to prevent forced repatriations of North Korean refugees

Korea Times 14 Jul 2024
... for North Korean defectors, which has remained unchanged since 2005," Yoon said, highlighting that the government will facilitate their asset formation by supporting specialized banking accounts.
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Islamic banking assets in Oman surge to RO 7.5 billion

Oman Observer 13 Jul 2024
MUSCAT. By the end of April 2024, the combined total assets of banks and Islamic windows in the Sultanate of Oman reached approximately RO 7.500 billion, accounting for 17.7% of th ....
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FDIC Nominee Says Banks Free to Serve Digital Asset Firms

CoinGape 13 Jul 2024
This was in response to a question from Senator Cynthia Lummis whether banks should be allowed to provide services to digital asset companies. FDIC Says Banks Free to Serve Digital Asset ... “Should banks ...
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Sygnum Bank Launches Multi-Asset Instant Settlement Network Dubbed Sygnum Connect

Bitcoin World 13 Jul 2024
Sygnum Bank, a fast-growing digital asset bank founded on Switzerland and Singapore’s heritage, has announced the launch of a new product to enable instant fund settlement for eligible institutional investors dubbed Sygnum Connect.
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SEC Insider Reveals Reason Why Agency Eased SAB 121 For Select Entities

CoinGape 13 Jul 2024
“Certain broker dealers and custody banks have sufficiently demonstrated to SEC staff that their fact patterns are different from those described in SAB 121such as ensuring that customers maintain ...
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