Final plan set for merged banks: What to expect for depositors waiting to retrieve their funds
Bangladesh Bank’s 2025 Scheme for Samirit Islamic Bank Bangladesh Bank has finalized a resolution plan for Samirit Islamic Bank PLC, formed by merging five struggling Sharia-compliant banks. This scheme aims to gradually return funds to depositors. The central bank developed this approach to safeguard depositors and maintain financial stability after a series of fraud incidents, […]
ICB faces Tk140cr loss due to merger of five banks
ICB Faces Significant Losses After Bank Mergers Amidst a challenging financial landscape characterized by erratic capital markets and lackluster investment opportunities, the state-owned Investment Corporation of Bangladesh (ICB) has encountered another setback. Approximately Tk 140 million in investments from five banks has been lost following a merger. Sources indicate that ICB invested around Tk 120 […]
Deonte Banks’ teammates were energized after he made a mark in the Giants’ victory.
Giants’ Deonte Banks Shines in Victory Over Raiders LAS VEGAS — In a surprising turn of events during the Giants’ 34-10 victory against the Raiders at Allegiant Stadium, Deonte Banks emerged as the unlikely hero, despite facing a lot of criticism and a seemingly endless time in the bench. The third-year cornerback, who has had […]
Banks are returning to the British high street: here’s why.
Changes in the Banking Landscape On a chilly Friday morning in early December, Abington Street in Northampton is quite lively. Even after losing major retailers like Marks & Spencer, Moss Brothers, and H&M in recent years, locals are still drawn here, particularly for banking errands. As customers move in and out of banks like HSBC, […]
Smotrich takes a stand against the banks over concerns that the public will bear the cost
Bank Profit Dispute Highlights Economic Concerns At the heart of the ongoing debate are the substantial profits of banks, projected to hit around 30 billion shekels by 2025, with estimates for this year nearing 34 billion shekels. The main issue is whether these banks have boosted profits by increasing the interest rate gap between invoices […]
Bulgarian Banks Stopping Card Payments During New Year Amid Euro Changes
Bulgaria’s Transition to Euro on January 1, 2026 Bulgaria is set to switch to the euro on January 1, 2026. This change will necessitate significant adjustments within banking systems, which may lead to some disruptions in card payments. Reportedly, both service and digital banking will start operating early in the year. There’s no need for […]
Assets of Non-Bank Financial Groups Surpass Banks by $65 Trillion
Non-Bank Financial Groups Surpass Traditional Banks in Asset Growth A recent regulatory report indicates that non-bank entities are increasing their asset accumulation at a rate that outpaces traditional banks. The report revealed that these groups, comprised of private credit providers, hedge funds, and insurance companies, saw their asset values grow more than double the rate […]
Overdraft fees rise at major banks due to regulatory and economic changes.
US Retail Banks Experience Overdraft Fee Income Surge In recent months, fourteen of the largest retail banks in the U.S. reported an uptick in revenue from overdraft fees and dishonored checks during the first nine months of the year. In contrast, two major banks saw significant drops in this income, as indicated by a Reuters […]
Banks in Thailand are now taking things seriously.
Pattaya, Thailand – Once upon a time, banking in Pattaya was a rather straightforward affair. You would stroll into the branch, share a friendly nod with the teller, manage your funds, and then head off to lunch without a second thought. But now, banks are tightening their protocols, aligning themselves with a trend of increasing […]
Consumer habits are changing; can banks adapt?
Key insights: A shift in fees, the rise of buy now/pay later options, and new technologies are reshaping how consumers shop and pay. What is the problem: Credit and debit card swipe fees are set to increase from $172 billion in 2023 to $187.2 billion in 2024. Future outlook: Consumer interest in agent commerce and […]