Category: Bank
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Which online bank is better?
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BMO Alto and Synchrony Bank are both popular online banks known for their no-fee models and competitive interest rates. So, is one better than the other? Let’s take a closer look at how BMO Alto and Synchrony’s banking products compare so you can decide if one is right for your…
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Budget ‘weighing on growth’, warns Bank of England
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The UK economy is unlikely to see any growth in the wake of the Chancellor’s Budget, as businesses respond to record tax measures by raising prices and cutting employment levels, the Bank of England has warned. Policymakers now expect the economy to remain flat in the final quarter of 2024,…
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Habib Bank Zurich plc Partners with nCino to Power an Enhanced Digital Experience for its Buy-to-Let Lending Business
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on December 11, 2024 • 3 minutes…
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Bank of England warns of growing financial risks from trade war
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The Bank of England has warned that escalating trade wars, geopolitical instability and rising global debt levels are amplifying risks to the UK’s financial system. Officials cited the country’s vulnerability due to its “open economy and large financial sector,” according to the World Bank’s latest financial stability report. Andrew Bailey,…
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Bank of Jerusalem to bid for Isracard
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Jerusalem Bank (TASE: JBNK) joins the race to acquire credit card company Isracard (TASE: ISCD). The details of the offer submitted by the bank are not yet clear, but it said in a statement that “the bank’s board of directors decided to inform “Isracard” of its intention to submit an…
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Bank Leumi board elects Uri Alon chairperson
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The Board of Directors of Bank Leumi (TASE: LUMI) has chosen Uri Allon as Chairman of the Bank. He will replace Dr. Shmuel Ben-Zvi, who held this position for the past year. The candidates for president were Alon, former director general of the Ministry of Finance and CEO of Hotline…
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Russian central bank takes desperate stand to halt collapsing ruble and fierce inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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Russian central bank moves to halt collapsing ruble amid inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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Russian central bank moves to halt collapsing ruble amid inflation
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In an attempt to stave off severe inflation, the Russian Central Bank has suspended all foreign currency purchases for the remainder of the year, while actively selling the Chinese yuan, in the hope of supporting the ruble. The ruble – currently worth a fraction of a penny – hit lows…
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Bank Hapoalim offers 25-year CoCo bond
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Bank Hapoalim (TASE: POLI) has completed the institutional phase of the offering of two series of contingent convertible notes (CoCo). One of the bonds matures in 25 years, the longest term yet for debt issued by the bank. The total amount raised at the institutional stage amounts to 640 million…
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Bank Hapoalim offers 25-year CoCo bond
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Bank Hapoalim (TASE: POLI) has completed the institutional phase of the offering of two series of contingent convertible notes (CoCo). One of the bonds matures in 25 years, the longest term yet for debt issued by the bank. The total amount raised at the institutional stage amounts to 640 million…
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Morocco To Legalise Bitcoin And Crypto: Central Bank Chief
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Morocco is preparing to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a major shift in the country’s financial policy. according to ReutersAbdellatif Jouahri, Governor of the Bank of Morocco (BAM), announced that a draft law regulating crypto-assets is in the final stages of adoption. Al-Jawahiri said, during an…
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Morocco To Legalise Bitcoin And Crypto: Central Bank Chief
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Morocco is preparing to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a major shift in the country’s financial policy. according to ReutersAbdellatif Jouahri, Governor of the Bank of Morocco (BAM), announced that a draft law regulating crypto-assets is in the final stages of adoption. Al-Jawahiri said, during an…
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Asia’s Largest Digital Bank Launches Retail Crypto Trading In Hong Kong—Details
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Hong Kong’s largest digital bank, ZA Bank, has Announce Launch of retail cryptocurrency trading service. According to the press release, the service allows users to trade cryptocurrencies directly through the ZA Bank app, “simplifying” the trading process by eliminating the need for external platforms. The move makes ZA Bank the…
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Bank of Israel keeps rate at 4.5%
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The Bank of Israel Monetary Committee announced that it kept the interest rate unchanged at 4.5%, as expected. This is the seventh time in a row that the Bank of Israel has left the interest rate unchanged, after reducing it from 4.75% in January. The Bank of Israel said: “Given…
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Bank Leumi posts 30% rise in Q3 profit to NIS 2.3b
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A week after Globes reported on Bank Leumi’s restrictions on deals related to contractor loans to homebuyers, the bank’s third-quarter financial statements released this morning contain clues as to the reasons for the decision. The bank’s mortgage portfolio was 10% larger at the end of September this year than it…
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Bank Leumi posts 30% rise in Q3 profit to NIS 2.3b
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A week after Globes reported on Bank Leumi’s restrictions on deals related to contractor loans to homebuyers, the bank’s third-quarter financial statements released this morning contain clues as to the reasons for the decision. The bank’s mortgage portfolio was 10% larger at the end of September this year than it…
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IMF, World Bank split on Kenya Power monopoly
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The IMF and World Bank have disagreed over the push to end Kenya Power’s monopoly on selling electricity to homes and businesses. The International Monetary Fund wants Kenya to speed up regulations that would allow other companies to sell power in competition with utilities, arguing that the country is behind…
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Bank of England cuts rates to 4.75% as inflation cools and economic pressures ease
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The Bank of England cut interest rates by 25 basis points to 4.75%, its second cut this year as inflationary pressures begin to ease and economic data point to a slowdown in wage growth. The nine-member Monetary Policy Committee voted in favor of the cut, following a steady trend in…
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Treasury’s bank referral scheme falls flat, securing loans for only 1 in 20 small businesses
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The Treasury’s bank referral scheme, which aims to increase access to finance for small businesses, has come under intense scrutiny after a recent audit revealed it secured loans for just one in twenty referred businesses. Under the scheme, nine major banks are required to refer small businesses that refuse loans…