banking system

Oman’s Banking Sector Flourishes, Lending Surges and Deposits Skyrocket in 2023

In a testament to Oman's economic vigor, the banking sector has displayed remarkable resilience and growth in lending and deposits…

2 years ago

Bank of America Agrees to Pay $250 Million in Refunds and Fines

Bank of America, one of the largest banks in the United States, has agreed to pay over $250 million in…

2 years ago

Bulgaria’s Path to Strengthening the Economy and Embracing Sustainability

Bulgaria is on the cusp of a historic transformation as it strides towards adopting the euro and joining the Eurozone.…

2 years ago

The Monetary Authority of Singapore (MAS) Strengthens Insurance Deposit Coverage

Singapore has taken a significant step to fortify its banking system and safeguard small depositors with increased deposit insurance coverage.…

2 years ago

How Digital Disruption is Impacting Traditional Banking in the Middle East?

Digital banks in UAE, Kuwait, and Saudi Arabia are posing significant challenges and opportunities for traditional banks in the region.…

3 years ago

How sanctions complicated day-to-day banking for Russians

Financial sanctions against Russia have strangled its banks' profits and wrecked many lenders' international operations, but one year after Moscow…

3 years ago

UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly

Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan…

3 years ago

Exclusive: EU to sanction more Russian oligarchs, Belarus banks

The European Commission has prepared a new package of sanctions against Russia and Belarus over the invasion of Ukraine that…

4 years ago

EXCLUSIVE U.S. plans to cut ties with targeted Russian banks if Ukraine is invaded – sources

President Joe Biden's administration has prepared an initial package of sanctions against Russia that includes barring U.S. financial institutions from…

4 years ago