Change in law allows former owners to take back troubled banks
Changes in Bank Resolution Ordinance Allow Former Owners to Reclaim Control Recent amendments to the Bank Resolution Ordinance provide a legal route for past managers to regain control of banks currently in bankruptcy proceedings. These changes specifically influence the merger of five struggling banks: First Security Islamic Bank, Social Islamic Bank, Union Bank, Global Islamic […]
Powell and Bessent talked about the cyber threat from Anthropic’s Mythos AI with major U.S. banks.
Federal Reserve and Treasury Officials Discuss Cyber Risks This week, Federal Reserve Chairman Jerome Powell and Treasury Secretary Scott Bessent convened a meeting with top executives from major U.S. banks. The topic was the potential cyber threats related to Anthropic’s Mythos model, as confirmed by CNBC. Bank CEOs were already in Washington, D.C., for a […]
Widespread Service Disruption Affects Sberbank and Other Major Russian Banks
Service Outages Reported by Sberbank and Other Banks Sberbank, the largest bank in Russia, announced on Friday that customers from several other major banks, including VTB and T-Bank, experienced similar service disruptions. Starting around 10 a.m. Moscow time, Sberbank users reported difficulties with payments and transfers. Some faced challenges withdrawing cash from ATMs or using […]
Islami Bank aims to recover Tk10,000cr from five Shariah-compliant banks
Governor assures support for smooth operation of Islamic Bank Board Islamic Bank Bangladesh Limited is pursuing the recovery of approximately Tk 10 million that five Shariah-based banks owe and discussed this matter with Bangladesh Bank Governor Mostakur Rahman on Tuesday, March 31. The meeting took place at the central bank’s headquarters at 11:30 a.m. and […]
Why Banks Are Considering Cardano Midnight Over Ethereum and Solana
Three essentials for banking Banks require three key features from blockchain technology, which public chains often struggle to provide. These are: privacy with selective disclosure, predictable execution without the need for Maximum Extractable Value (MEV) exploitation, and compliance tools that don’t expose sensitive data to everyone. It’s crucial for banks to keep customer transactions off […]
“Goodbye”: Landon Donovan Directly Criticizes Noahkai Banks For Wavering On Joining The United States
Donovan’s Reaction to Banks’ Decision With the 2026 FIFA World Cup on the horizon, excitement is building among soccer enthusiasts, especially since the tournament will take place in the United States and across North America. However, it seems the U.S. men’s national team may not be a strong competitor for the championship just yet. To […]
BTC and gold differences show a divide between individual investors and central banks, according to an analyst.
Discrepancy Between Gold and Bitcoin According to Stephen Coltman, who leads macro strategies at the cryptocurrency exchange-traded product provider 21Shares, the trends in 2026 can be understood through two different buying patterns. He noted that while gold’s recent surge over the past three years has been mainly fueled by central bank acquisitions, Bitcoin tends to […]
UAE Central Bank introduces a support plan for banks during the Iran conflict
Live updates: Latest news on USA-Iran conflict The Central Bank of the UAE has approved a set of recovery measures aimed at stabilizing the banking sector amid ongoing conflicts in the Middle East. According to the board of the CBUAE, this initiative seeks to bolster the UAE’s banking sector “given the exceptional global and regional […]
Banks can now secure guarantees for loans to foreign companies without needing BB approval.
The scheme pertains exclusively to foreign banks with satisfactory credit ratings from well-known international rating agencies. Commercial banks in Bangladesh can now secure guarantees from foreign banks without needing approval from the Bangladesh Bank when lending to foreign firms in the country. However, this opportunity is limited to foreign banks that hold favorable credit ratings. […]
Sen. Jim Banks Cautions About Chinese Pilots Receiving Training in the U.S.
Concerns Over Chinese Nationals Training as Pilots in the U.S. Senator Jim Banks from Indiana has raised concerns about Chinese nationals receiving pilot training in the United States. A recent book by Peter Schweizer, a best-selling author and contributor for Breitbart News, explores how American elites and certain foreign powers might exploit immigration. According to […]