How BB intends to reimburse depositors of five merging banks
Out of the total TK1.52 trillion in deposits across five banks, TK46,000 crore is from individual depositors. September 21, 2025, 07:15 AM Last revision: September 21, 2025, 07:29 AM Illustration: TBS Highlights: Five Islamic banks merge into Bangladesh’s largest asset entity. Priority given to individual depositors; institutions may receive shares. Insurance payments capped at TK2 […]
Corporate Watchdog Praises Major Banks for Efforts to Avoid Political and Religious ‘Debanking’
A letter revealed by the Corporate Watchdog Group commended five major banks for their recent initiatives aimed at preventing what they termed “politicized de-banking.” This year, Bank of America, Citigroup, JPMorgan Chase, PNC Bank, and Regions Bank all undertook reviews of their policies to ensure that customers are not discriminated against based on their political […]
Subbarami Reddy receives a Rs 5,700 crore debt relief from banks.
Banking Double Standards in India It seems that Indian commercial banks often prioritize large industrialists, offering them extensive financial relief while leaving small farmers and individual borrowers struggling with their debts. This situation paints a rather skewed picture of banking practices in the country. Recently, the National Corporations Court (NCLT) Hyderabad Bench approved a one-time […]
Coinbase CEO aims to transform banks with a cryptocurrency super app.
Coinbase Aims to Transform Banking with New Super App Brian Armstrong, the CEO of Coinbase, recently shared his vision for the company: to fundamentally change banking by evolving Coinbase into a comprehensive crypto “super app.” In a recent interview with Fox Business, Armstrong confirmed their intentions to offer a full range of financial services through […]
UK Banks Announce Updated Withdrawal Limits for Seniors Starting 22 September
Withdrawal Policies for UK Banks Affected by Age Starting September 2025, British banks will implement new withdrawal restrictions targeting customers over the age of 65, effective from September 22nd. While some banks have adjusted their policies, these changes are not universally applied to all customers in this age group. The Financial Conduct Authority (FCA) stresses […]
Eased Regulations Provide Advantage to US Banks, Says Deutsche Bank CFO
Deutsche Bank’s Concerns Over U.S. Deregulation Deutsche Bank has raised alarms about potential rollbacks of U.S. financial regulations, suggesting that such changes could give German banks an edge over international rivals. James von Moltke, the bank’s CFO, expressed during an investor meeting hosted by Bank of America that adjustments to the leverage ratio rules might […]
Larry Kudlow Demands a ‘Totally New Fed’ Following Central Bank’s Recent Interest Rate Cut During Trump Dispute
Kudlow Calls for Overhaul of the Federal Reserve Economist Larry Kudlow expressed on FOX Business that the Federal Reserve requires a total revamp. Following a two-day meeting, the Fed decided to cut interest rates, an action Kudlow believes was influenced by increasing pressure from President Donald Trump. During the segment on “Big Money Show,” Kudlow […]
Beachfront home in North Carolina falls into the ocean in the Outer Banks
Beachfront Homes in North Carolina Succumb to Erosion In Buxton, North Carolina, some beachfront stilt homes have recently collapsed into the ocean, marking a significant uptick in such incidents—totaling 12 claims along the Atlantic in just five years. One two-story house at the northern end of Hatteras Island fell down on Tuesday, scattering debris across […]
Former California Chef Suspected of Robbing Three Banks in a Single Day
Former Chef Arrested for Multiple Bank Robberies California State Police arrested a former chef and restaurant owner on Wednesday for allegedly robbing three banks in a single day. Valentino Routine faces charges including two counts of robbery and two counts of attempted robbery linked to incidents that occurred on September 10, as stated by the […]
Forex Today: A significant week for central banks starts quietly
Here’s what you should know for Monday, September 15th: This week kicks off with major currency pair trading as investors brace for significant macroeconomic data and central bank meetings. The European Economic Calendar is set to release trade balance figures for July, while the Federal Reserve Bank of New York will unveil Empire State Manufacturing […]