Government banks directed to adhere to performance standards to prevent bonus misuse
Performance is rated on a 100-point scale, says the new government order Highlights: Employees at state-run banks may earn up to three bonuses annually based on performance. Bonuses will now be connected to net profits instead of operating profits. This change aims to curtail random bonus distributions. Sonali Bank breached the rules by issuing five […]
European banks tap into the emerging stablecoin market in the region with new offerings
The Rise of Stablecoins and Their Impact on Financial Markets Increasingly, there are concerns about the effect that “execution” on Stablecoins is having on traditional financial markets. A new plan to introduce a Stablecoin by a consortium of European banks aims to attract cautious investors towards digital assets. This might accelerate initiatives to launch digital […]
Major European banks create a firm to introduce euro stablecoin
European Banks Plan Euro-Denominated Stablecoin A group of nine European banks, including ING and UniCredit, announced on Thursday their intention to create a new company aimed at launching euro-denominated stablecoins. According to a representative from Dekabank, the company will be headquartered in Amsterdam. They expect the stablecoin to be ready by next year, as indicated […]
Gun-rights group criticizes major banks for ignoring debanking issues and seeks a commitment
Bank Accusations and Second Amendment Defense Recently, a coalition defending the Second Amendment has criticized several prominent banks for what they term “revisionist history.” They argue that these institutions are attempting to obscure a track record of opposition toward conservatives and gun owners during the Obama and Biden administrations. This coalition, including six de-elimination groups […]
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 […]