How a small Utah bank won over customers for 50 years while becoming the West’s first Black-owned bank
Modern Banking and Local Heritage In a world where mobile banking is the norm, many young individuals have little experience with traditional bank branches. “Once a quarter, my mom takes me to the Holiday Bank for things like ordering new checks,” Amott, a former executive at PreSavation Utah, recalled in an email. “I didn’t mind […]
Barclays CEO claims that increasing bank taxes in the UK is based on simplistic and incorrect reasoning.
Barclays CEO Warns of Job Cuts Amid Tax Increases CS Venkatakrishnan, the CEO of Barclays, has spoken out against the proposed tax increases on UK banks, stating that such measures could lead to job losses and a reduction in lending within the UK economy. He described the rationale behind the proposal as “easy and false […]
Pinnacle Financial, a bank entering the market, is set to debut in Scott’s Addition.
Pinnacle Financial Partners Expands Presence in Richmond Pinnacle Financial Partners, a bank from Tennessee, is stepping into the Richmond market with a notable new location. They recently secured nearly 12,000 square feet at 3403 W. Moore St., planning to convert the former warehouse into retail branches and offices. This new space, anticipated to open next […]
Bank Company Act: BAB suggests removing family director limit and proposes a 9-year term
Bangladesh Banks Association Proposes Revisions for Banking Corporations Act The Bangladesh Banks Association (BAB) has made suggestions to the central bank concerning upcoming changes to the Banking Corporations Act of 2025. They’re advocating for reforms that would enhance shareholder involvement and modify governance limitations. In a letter addressed to the Central Bank on September 7, […]
Anis A Khan demands clear processes and governance changes in bank merger
Anis A. Khan, former chairman of Bangladesh Bankers Association (ABB), currently managing partner of AAZ & Partners, says the success of the merger depends on more than financial integration Anis A. Khan, who previously led the Bankers Association of Bangladesh, now serves as managing partner at AAZ & Partners. He shared his thoughts on the […]
Bank of America Seeks to Meet Growing Interest in Alternatives Among the Ultra Wealthy
Merrill Wealth Management and Bank of America Private Bank Unveil New Program for Ultra-Wealthy Clients Merrill Wealth Management and Bank of America Private Bank are making waves for their high-net-worth clients. Recently, they announced the launch of the ALTS Extended Access Program, aimed specifically at ultra-high net worth clients, defined as those with a net […]
JPMorgan is launching a digital retail bank in Germany in 2026.
Chase to Launch in Germany by 2026 According to reports, Chase, the largest bank in the U.S., plans to establish operations in Germany by the second quarter of 2026. This expansion is expected to begin with a savings account, capitalizing on the strong preference for savings products among German consumers. Daniel Lano Manibaldo, who leads […]
Social Islami Bank chairman defers merger choice to central bank, director disagrees with the decision
Chairman Mohammad Sadiqul Islam stated that the decision regarding the merger lies with the central bank. However, Dr. Md (RETD) Rezaul Haque disagrees, arguing that the bank’s current standing doesn’t warrant a merger. Highlights SIBL Chairman states the merger decision will come from Bangladesh Bank. Director Rezaul Haque is firmly against the merger. Chairman mentioned […]
A major bank is creating over 1,000 jobs in Dallas, with an average salary of $135,000.
Scotiabank’s New Headquarters in Dallas The regional headquarters is set to create 1,020 jobs in Dallas, with average salaries exceeding $135,000. Dallas – Another financial powerhouse is making its way to Y’all Street. The Bank of Nova Scotia, commonly referred to as Scotiabank, will establish a new regional headquarters in Dallas, which will result in […]
Innovative fintech leaders come together to create a bank for affluent clients
A team of notable fintech innovators, including those behind Monzo, Starling, and Nutmeg, are launching banks aimed at affluent clients. editorial This content has been chosen and crafted by the FineXtra editorial team for its relevance and interest to the community. The initiative, referred to as “Project Arnaud,” comes from Jason Bates, co-founder of Monzo […]