French Bank Withdraws Gold Bars from the US, Gains $15 Billion
The Banque de France has divested its entire gold holdings at the US Federal Reserve, reportedly earning a profit of around $15 billion, as various media outlets have reported. According to RFI, the French bank announced a profit of 12.8 billion euros (approximately $14.8 billion) after retrieving 129 tons of gold from the Federal Reserve […]
Africa’s major bank plans to leave the UK, dealing with a nearly $1 billion impact.
The bank has indicated that it might withdraw from its UK operations, specifically Aldermore and its motor finance division, MotoNovo. This decision comes after the bank’s provisions for compensation claims surged to £750 million (around $957 million). This situation follows an inquiry by the Financial Conduct Authority into a widespread failure across the industry to […]
Depositors of Sammilito Islamic Bank can take out up to Tk10 lakh for medical expenses.
Bangladesh Bank has stated that customers of Samirit Islamic Bank can withdraw up to Tk 1 million for medical expenses in specific circumstances, as many depositors face challenges accessing their funds. This announcement came from Bangladesh Bank Assistant Press Secretary Shahriar Siddiqui during an urgent press briefing on April 7. He mentioned that individuals dealing […]
Bank of America’s leading choices for the second quarter following a challenging beginning to 2026
Bank of America’s Optimistic Stock Picks for Q2 As the second quarter begins, Bank of America has identified stocks like Meta Platforms and Spotify as likely to outperform. The first quarter was marked by a lot of macroeconomic uncertainty and geopolitical tensions, particularly in the Middle East. While the S&P 500 saw a boost in […]
Online Marketplace Empowers Indian Farmers by Eliminating Middlemen with Grain Bank Accounts
Transformative App for Farmers in Bihar In Bihar, an innovative application named Ergos is empowering farmers by giving them unprecedented control over their crop sales. This digital platform, referred to as a “grain account,” connects to a network of grain banks. It allows farmers to store their produce, monitor inventory levels, keep an eye on […]
RBI allows Emirates National Bank of Dubai to purchase a stake of up to 74% in RBL Bank
The Reserve Bank of India (RBI) has given the green light for Dubai’s Emirates National Bank of Dubai (NBD) to acquire a stake of up to 74% in RBL Bank, which could allow RBL to be classified as a foreign bank. This approval was issued on April 1, with an expiration date set for a […]
Islami Bank aims to recover Tk10,000cr from five Shariah-compliant banks
Governor assures support for smooth operation of Islamic Bank Board Islamic Bank Bangladesh Limited is pursuing the recovery of approximately Tk 10 million that five Shariah-based banks owe and discussed this matter with Bangladesh Bank Governor Mostakur Rahman on Tuesday, March 31. The meeting took place at the central bank’s headquarters at 11:30 a.m. and […]
New Jersey captures bank robber who stole $600 in a five-day crime wave in NYC
A Serial Bank Robber Caught After a Five-Day Crime Spree A man with a record of bank robbery was apprehended in New York City on Wednesday following a five-day stealing spree that earned him a total of $600. Gusatovo DeJesus Torres, 33, was taken into custody in Newark, New Jersey, after being suspected of multiple […]
Marquis bank data breach reveals ransomware attack affecting 672,000 individuals
A tech company that works behind the scenes for banks has reported a troubling data breach. It seems that hackers stole sensitive personal and financial information belonging to over 672,000 individuals in a ransomware attack. This data could allow criminals to empty bank accounts, take out loans, or impersonate victims. What’s particularly alarming is that […]
Tennessee grandmother imprisoned for five months after AI accused her of bank fraud in a state she has never been to.
A grandmother in Tennessee was sentenced to five months in prison after being wrongly identified as a bank fraud suspect by a facial recognition program for a crime that occurred in a state she had never been to. Angela Lipps, 50, was arrested in July while staying at a rental property in Tennessee. Later, in […]