Latest News for: Bank assets

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PH banks’ asset quality ‘broadly stable’ – S&P

Manila Bulletin 30 Nov 2023
The Philippine banking sector’s asset quality is expected to “stay broadly stable” over the next two years amid a recovering economy, slowing inflation and a pause in interest rate hikes, according to S&P Global Ratings ... The review noted that “the banking sector benefits from ...
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DIPAM invites fresh bids to appoint asset valuers for IDBI Bank

Business Line 30 Nov 2023
... for IDBI Bank ... In order to determine the value of IDBI Bank, the asset valuer is required to carry out the fair valuation of all the assets and liabilities appearing on the balance sheet of IDBI Bank, as on a date prescribed and notified by DIPAM, on an “as is where is” basis.
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Crypto Tax Haven? Switzerland Outpaces Regulatory Competition

Finance Magnates 30 Nov 2023
Despite the growing adoption of digital assets across almost every industry, there has been a significant lack of regulatory clarity ... Several Swiss banks like Falcon Private Bank, Vontobel, and Julius Bär are collaborating with crypto specialists to offer trading and asset storage options.
photo: Unsplash / Kanchanara
A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms, 2020.
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German regulator orders Bitcoin Group to take anti-money laundering measures

OBN 30 Nov 2023
On the 28th, Germany’s Federal Financial Supervisory Authority (BaFin) ordered Futurum Bank, a subsidiary of the country’s crypto asset (virtual currency) and blockchain company Bitcoin Group (ADE), to correct deficiencies in anti-money laundering measures.
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RBI’s tightening of lending norms: Unsecured retail loans to witness slower growth of 20-30% in FY24, say experts

Financial Express 30 Nov 2023
It further added, “Assets under management (AUM) of non-banking financial companies (NBFCs) are set to log a healthy 14-17 per cent growth next fiscal on the back of continued strong credit demand across retail loan segments ... Further, Bank credit to NBFCs also saw certain increases in risk weights ... High attrition keeps private banks on their toes.
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Six in 10 investors considering divestment from maritime sector amid ESG concerns

Splash24/7 30 Nov 2023
The survey engaged 100 senior finance professionals from various segments of the UK capital markets, including commercial and investment banks, asset managers, development and multilateral banks as well as private equity firms ... Perceptions differ according to the type of financial institution and its exposure to maritime assets.
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Yields fall as gov't raises P1.4bn debt

Mmegi Online 30 Nov 2023
The Bank of Botswana (BoB) met its target ... Central bank officials previously said liquidity has been on the rise in the local market, helped along by changes to pension fund rules that require them to retain more of their assets domestically as opposed to offshore ... Bank of botswana.
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Brazil Approves Proposed 15% Income Tax on Crypto Earnings Held on Foreign Exchanges

Coinspeaker 30 Nov 2023
Earlier this year, in September, the governor of the country’s central bank, the Banco Central do Brazil, Roberto Campos Neto, unveiled plans to impose stringent regulations on the use of digital assets in the region, citing concerns about potential tax evasion.
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A Glimpse Into Tomorrow With CBDCs – Utopian Innovation or Orwellian Nightmare

The Daily Hodl 30 Nov 2023
The main argument for CBDCs is to let unbanked and banked citizens have a digital alternative to conventional banking ... Central banks that are part of the governments and usually controlled by them will be able to freeze any person’s financial assets that may have opposing views different from governments.
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Is Union Bank of India still a 'buy' after a 51% rally in just 6 months? Here's what Motilal Oswal says

Live Mint 30 Nov 2023
This optimistic outlook is underpinned by the bank's enhanced asset quality and consistent progress in loan growth.Also Read ... The bank has excess liquidity of ₹770 billion and will utilize this to fund growth.Asset quality continues to improveThe bank's asset quality continues to improve with a constant moderation in NPA ratios.
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Lynn Smith joins National Bank of Coxsackie as VP/Chief Credit Officer

The Joplin Globe 30 Nov 2023
Smith started with National Bank of Coxsackie in October of 2023 and brings over 25 years of Commercial Banking experience including leadership roles in Business Banking, Middle Market, Commercial Real Estate, and Managed Assets ... of Business and Professional Banking at M&T.
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SoFi Technologies Announces Termination Of Crypto Trading Services

Bitcoin World 30 Nov 2023
The report highlights the significant role that crypto assets have played in SoFi’s portfolio. In a previous statement, SoFi had noted that the Federal Reserve identified certain activities of SoFi Digital Assets, LLC, related to cryptocurrencies, as not permissible for a bank holding company under the Bank Holding Company Act and Regulation Y.
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Woodrow: ESG concerns drive 60% of investors to consider divestment from maritime sector

SAFETY4SEA 30 Nov 2023
The survey engaged 100 senior finance professionals from various segments of the UK capital markets, including commercial and investment banks, asset managers, development and multilateral banks, as well as private equity firms ... Perceptions differ according to the type of financial institution and its exposure to maritime assets.
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Metro Bank Targets £50 Million Savings, Announces 20% Job Cuts

Finance Magnates 30 Nov 2023
Metro Bank Revises Cost Reduction Plan ... The successful firm placing, involving the issue of new shares, enhances the bank's capital ratios, a move aimed at supporting future asset growth and the evolution of its product and service offerings ... According to the FCA, the bank was reporting incorrect Risk Weighted Assets figures.
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Wio introduces crypto asset trading in collaboration with Fuze

Tahawultech 30 Nov 2023
Wio have partnered with Fuze, MENA’s pioneering digital assets infrastructure provider, to empower its customers with cutting edge virtual assets trading services ... It enables banks to operate in the virtual asset economy without the need to build their own in-house virtual assets capabilities.

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