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All Stories: bank

Paytm Payments Bank accounts set up improperly: sources

India's central bank has found hundreds of thousands of accounts at Paytm Payments Bank created without proper identification and has passed the information on...

Top bank to cut 3,500 jobs

Deutsche Bank said on Thursday it would cut 3,500 jobs, buy back shares and pay dividends, in its latest pitch to investors that its...

Global banks face negative outlook

LONDON: Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean that banks face a negative outlook in...

VIRAL: Woman loses millions in termite attack on bank locker

Alka Pathak had saved INR1.8 million for her daughter's wedding.

India possibly selling dollars to save rupee from record fall

The Indian central bank is possibly selling dollars via public sector banks, with the Indian rupee (INR) just shy of a record low, six...

US Fed members disagreed over whether to raise rates, minutes show

WASHINGTON: A couple of Federal Reserve officials would have backed pausing US interest rate hikes last month, but ultimately supported another increase to tackle...

WATCH: People rush to ATMs after bank glitch

Bank of Ireland has fixed technical problems that allowed some customers to withdraw or transfer funds above what was in their accounts, it said...

US credit crunch didn’t start with SVB collapse

It wasn't the March 10 collapse of Silicon Valley Bank that prompted Carissa Rodeheaver, head of a community bank tucked in the mountains of...

Europeans drain billions from banks

European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to...

UK stocks slide as banks sink

London's blue-chip FTSE 100 index fell on Friday as UK lenders dropped 4.6% in a global banking sector selloff, while uncertainty around central banks'...

WATCH: Depositors smash up, burn banks in Lebanon

Several dozen Lebanese protesters attacked banks in a Beirut neighbourhood on Thursday, while blocking roads protesting against informal restrictions on cash withdrawals in place...

India lets banks use facial recognition, iris scan for transactions

The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in...

US banks get ready for shrinking profits and recession

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown...

Goldman Sachs to start cutting thousands of jobs

Goldman Sachs will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for...

US Fed delivers another steep rate hike with more to come

WASHINGTON: The Federal Reserve (FED) delivered another steep interest rate increase on Wednesday, as expected, with its move to cool red-hot inflation taking on...

Female bank employee successfully thwarts robbery bid, video goes viral

The video got millions of views, thousands of shares and hundreds of comments.

Sali Hafiz: Lebanese woman who stole own savings speaks up!

On the run from authorities after forcing a bank to release her family savings at gunpoint to treat her cancer-stricken sister, 28-year-old Lebanese interior...

Credit Suisse: No sign of light at end of tunnel for investors

Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped...

FAB: UAE’s largest bank makes record profit in 2021

The UAE´s largest bank, First Abu Dhabi Bank, announced Thursday it scooped record annual net profit of $3.4 billion in 2021, a 19 percent...

Top bank to fire unvaccinated staff this month – memo

Citigroup staff in the United States who have not been vaccinated against COVID-19 by Jan. 14 will be placed on unpaid leave and fired...
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