After 25 years in global banking, here are the 6 key financial tips I share with family and friends.
This conversation centers around insights from Racquel Oden, Head of US Wealth and Private Bankers at HSBC, with edits for brevity and clarity. With experience at major banks like HSBC, JPMorgan Chase, and Merrill Lynch, I’ve provided plenty of guidance on financial matters such as saving, budgeting, investing, and retirement plans. For my family and […]
Distressed assets in the banking sector increase to Tk11 lakh crore: City Bank MD
At the beginning of December last year, the country’s distressed assets of the banking sector stood at TK7.56 lakh. Highlights Of the TK18 lakh crore in outstanding loans, TK11 lakh crore is now seen as distressed assets Only 7-9 banks meet international standards; nearly 40 fall below par Due to governance failures, some banks could […]
Citigroup Appoints Banking Expert Li Shan to Important Position in Asia
Citigroup Appoints Li Shan as Key Advisor Citigroup Inc. has appointed Li Shan, a seasoned deal maker from China, to a significant role to guide clients through various challenges in Asia. The 62-year-old has taken on the position of chairman for Japan, Northern Asia, and Australia, marking his return to global banking. His base will […]
Capital One Files Lawsuit Against FDIC, Claiming Excessive Fees Linked to Banking Crisis
Capital One has filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC), claiming that the bank was overcharged by more than $149.2 million during a special valuation set to compensate for losses incurred in the deposit insurance fund. This valuation arose from the collapses of Silicon Valley Bank and Signature Bank earlier in 2023. […]
Leading U.S. banking official Gould states that the removal of crypto banking is a reality.
Gould’s Stance on Crypto and Banking In the recent weeks, Jonathan Gould, who oversees the Secretary of Currency, has been quite clear about his stance on the removal of crypto entities from banking connections. “Dabaghking is legitimate,” he stated to attendees at a Coindesk regulatory event in Washington, D.C. this past Wednesday. Appointed by President […]
Banking Regulators Shift Attention Back to Important Financial Indicators
Change in Focus for US Banking Regulators US banking regulators are reportedly shifting their attention back to critical financial indicators, while reducing their scrutiny of non-core banking issues such as reputation, climate change, and matters related to diversity, equity, and inclusion. This realignment marks a return to previously established supervisory changes, zeroing in on metrics […]
Safe Harbor Financial Introduces the First Fully Managed Cannabis Banking Program for Financial Institutions
Safe Harbor Financial Services Launches Turnkey Banking Program for Cannabis Industry Safe Harbor Financial Services, Inc. has introduced a new turnkey platform aimed at banks and credit unions, which allows them to handle cannabis deposits with minimal overhead, reduced regulatory risks, and no reputational exposure. On September 2, 2025, Safe Harbor Finance (NASDAQ: SHFS) officially […]
Open Banking Reaches 15 Million Users in the UK
Opening Up to Open Banking in the UK Recent findings reveal that nearly a third of adults in the UK are now using open banking services. According to data released on September 1, over 15.6 million people and businesses are taking advantage of these offerings, as outlined by Open Banking Limited. In July alone, open […]
City veteran Kheraj in the running to lead banking giant HSBC
HSBC Chairman Search: Nagib Kheraj a Leading Candidate Nagib Kheraj, a veteran in the banking industry, has emerged as a prominent candidate to succeed Mark Tucker as chairman of HSBC Holdings, Europe’s largest bank. Sky News reports that Kheraj, a former finance director at Barclays, is among a select few currently being considered for the […]
How Italy’s banking mergers and acquisitions began to decline
The Italian banking sector faced a whirlwind of acquisition bids and counteroffers by the end of spring, particularly from the top lenders. Fast forward three months, and only one notable bid remains active. UniCredit has decided to pull back from its July bid of 1.5 billion euros (around $17.5 billion) for Banco BPM, just as […]