Category: banking
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Fed’s Bowman emerging as ‘likely choice’ to become top US banking cop: Analysts
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The sudden departure of Federal Reserve Vice Chairman for Supervision Michael Barr has focused new attention on Michelle Bowman, whom analysts have described as the person most likely to become the Fed’s new chief banking police. The conservative Fed governor and former Kansas state banking commissioner “seems like the most…
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Morgan Stanley exit deals blow to Mark Carney’s Net Zero Banking Alliance
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Mark Carney’s pioneering initiative to encourage the financial sector to reduce greenhouse gas emissions has suffered another setback after Morgan Stanley became the latest US bank to leave the Net Zero Banking alliance. The US investment bank follows other Wall Street banks, including Goldman Sachs, Citigroup and Bank of America,…
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Ripple’s RLUSD Is A ‘Trojan Horse’ For Banking, Claims VC
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In his latest YouTube video analysis, Adam Cochran, partner at Cinneamhain Ventures (CEHV), an activist venture capital firm, described Ripple’s newly launched stablecoin, RLUSD, as a “Trojan horse” poised to transform both decentralized finance ( DeFi) and traditional. Banking sectors. Why Ripple’s RLUSD is a ‘Trojan Horse’ Cochran stressed the…
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BoI, Treasury push for more retail banking competition
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Finance Minister Bezalel Smotrich and Bank of Israel Governor Professor Amir Yaron announced a new measure in their fight against concentration in the banking sector. They have formed an inter-ministerial team, which will focus on enhancing competition in the banking and credit sector for small businesses and households. The team,…
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BoI, Treasury push for more retail banking competition
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Finance Minister Bezalel Smotrich and Bank of Israel Governor Professor Amir Yaron announced a new measure in their fight against concentration in the banking sector. They have formed an inter-ministerial team, which will focus on enhancing competition in the banking and credit sector for small businesses and households. The team,…
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Israel begins destruction of Hezbollah’s banking system
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This week, the Israel Defense Forces launched large-scale attacks on Hezbollah’s financing pipelines with a focus on Al-Qard Al-Hassan, which helps finance the Lebanese Shiite organization’s terrorist activities. Lebanese media reported attacks over the past day with pictures of the destroyed Al-Qard Al-Hassan Bank branch in the Dahiya neighborhood in…
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Israel begins destruction of Hezbollah’s banking system
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This week, the Israel Defense Forces launched large-scale attacks on Hezbollah’s financing pipelines with a focus on Al-Qard Al-Hassan, which helps finance the Lebanese Shiite organization’s terrorist activities. Lebanese media reported attacks over the past day with pictures of the destroyed Al-Qard Al-Hassan Bank branch in the Dahiya neighborhood in…
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Insurance firms to benefit from banking competition proposals
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The Tel Aviv Stock Exchange (TASE) insurance index rose last Tuesday by 2.5%, well above the market’s modest gains. The reason for the jump in stock prices was the recommendation of the Supervisor of Banks, Daniel Hahiatishvili, in an interim report of a team he heads, to grant banking licenses…
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FinCEN Slams US Banking Giant with $3B Penalty—What Went Wrong?
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TD Bank, one of the largest financial institutions in the United States, has come under intense scrutiny in the cryptocurrency space after suffering the largest penalty ever imposed under the Bank Secrecy Act (BSA). The $3.09 billion fine stems from allegations of failure to report suspicious activity, including significant transactions…
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RBI Boosts UPI Lite: Faster Transactions, Higher Limits
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In a move set to accelerate India’s digital payment landscape, the Reserve Bank of India (RBI) has significantly expanded the scope of UPI Lite. Following the recent Monetary Policy Committee meeting, the central bank announced key changes aimed at enhancing the convenience of small-value digital transactions. Key Updates: These changes…
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NCDRC Rules Banks are not Responsible for Non Insurance of Hypothecated Goods
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National Consumer Disputes Redressal Commission ne yeh decide kiya hai ki bank hypothecated goods ka insurance na hone par zimmedar nahi hote. Mr. Subhash Chandra aur Dr. Sadhna Shanker ke leadership mein commission ne yeh kaha ki insurance karwana complainant (is case me borrowers) ki responsibility hoti hai, na ki…
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SBI RBO PEN ne Officers ko chhutti lene se pehle approval lene ka order diya
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State Bank of India (SBI) ke Regional Business Office (RBO) PEN ne ek naya directive jari kiya hai jisme officers ko chhutti lene se pehle authority se prior approval lena zaroori hoga. Iss order ka maksad ye hai ki leave requests ko formal tareeke se manage kiya ja sake, taaki…
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Court Holds Bank of Baroda Liable for Closing FD Without Permission of Joint Holder
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National Consumer Disputes Redressal Commission (NCDRC) ne Bank of Baroda ke khilaaf faisla sunaaya hai. Bank ne ek joint account holder ko bina bataaye fixed deposit receipts (FDRs) release kiye, jo ki “service ki kami” hai. Case ka Background Kamal Kumar Sajnani ne bank ke saath fixed deposit schemes mein…
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Analysis-UniCredit’s Orcel takes aim at Europe’s banking borders with Commerzbank bet By Reuters
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By John O’Donnell FRANKFURT (Reuters) – For decades, Andrea Orcel has been the “rainmaker” to whom chief executives turned for advice on the big deals that reshaped the banking landscape. Now, as CEO of UniCredit, the Italian has set himself his biggest test yet — breaking Europe’s deep-rooted political resistance…
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Lawmaker Fights For Firms’ Easier Access to Banking
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Hong Kong has been one of the world’s most crypto-friendly regions, and so far, it seems the region is continuing to nurture this friendly relationship with the sector. Recently, Hong Kong Legislative Council Member Johnny Ng announced compressed To provide greater banking access for crypto and Web3 companies in the…
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How to Successfully Withdraw Closing Balance in Kotak Mahindra Bank Account
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Are you considering closing your Kotak Mahindra Bank account and wondering how to smoothly withdraw closing balance? You’re not alone! Whether it’s due to a change in banking needs, relocation, or simply finding better offers elsewhere, the process of closing an account can feel daunting. But fear not! In this…
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Kotak Mahindra Bank Credit Card Application Process: A Step-by-Step Guide
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Applying for a credit card can feel like a maze of confusing terms and endless paperwork. I’ve been there myself and know how frustrating it can be to figure out what you need and where to start. With years of experience in the financial world, I’ve learned that a good…
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How to Apply for a Personal Loan in Kotak Mahindra Bank: A Step-by-Step Guide
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We all know that life has a way of throwing surprises at us—sometimes good, sometimes not so much. Whether it’s an unexpected car repair, a medical emergency, or the chance to finally take that dream vacation, having quick access to funds can make all the difference. I’ve been there myself,…
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Kotak Mahindra Bank Net Banking: A Comprehensive Guide
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Kotak Mahindra Bank Net Banking: As a former employee of Kotak Mahindra Bank, where I worked for 4 years, I’ve witnessed firsthand the transformation of the banking industry to meet the demands of the digital age. In today’s fast-paced world, managing your finances online has become not just a convenience,…
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Why Choose Kotak Mahindra Bank Savings Account? Eligibility, Benefits, and Step-by-Step Guide
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In today’s fast-paced world, having a savings account is more than just a financial necessity; it’s a crucial step towards securing your future. Among the myriad options available, Kotak Mahindra Bank stands out as a reliable and customer-friendly choice. But why choose Kotak Mahindra Bank for your savings account? Let’s…