As Cuba faces a social and economic crisis, the United States has enabled more financial support for private businesses in the country in a boost to Internet-based services and financial services. The US Treasury’s regulatory...
Hudson Executive has built a 3.1-percent stake in Germany’s biggest lender to become one of its major shareholders. The New York-based fund said it believed in CEO Christian Sewing to turn around the ailing business....
A new dawn in India’s Ailing Banking Sector? A quick fix to broken banks? A game changer? Well, these were just a few phrases that described the much celebrated Insolvency & Bankruptcy code (IBC) that...
Top Wall Street bank Goldman Sachs is considering launching a trading operation in bitcoins possibly pushing the digital currency into the mainstream. It would be the first big bank to do so. Goldman Sachs is...
A quiet financial revolution has begun in India. Reserve Bank of India, India’s central bank, has granted permission to set up payment banks to 11 Indian companies. This is with the objective of bringing new...
The Indian Bank’s Association’s data on the Indian banking sector’s Business Per Employee (BPE) and Profit Per Employee (PPE) between 2012-2014 throws open some interesting patterns. The data compares the performance of 13 major PSBs...
There was a time when carrying out a banking transaction involved visits to overcrowded banks with long queues in front of the counters. Today, the combination of smart phone, wireless Internet and mobile banking application...
Debit cards are assigned to help you withdraw money from your bank account anytime anywhere. For accessing your money, you’ll require a personal identification number (PIN). These days, no matter where you use your debit...
Not so long ago, bankers were looked upon as fatherly figures, giving sound advice on handling our finances. Today’s generation is more likely to seek advice from friends and trust its social networks. This transformation...
China’s central bank first cut the flow of money, then flooded the market. It will be making even more adjustments as it revamps the country’s complicated financial system, says DW columnist Frank Sieren. China’s Central...
It is proven fact that financial inclusion & financial literacy is an effective way for “Poverty Alleviation”. The objective of financial inclusion is to meet the expectation of the unbanked and excluded, yet silent mass...
In an ever-volatile environment, banks can have tremendous losses if they don’t hedge against the risks. Against the frequent changes of interest rates by the central bank, banks are left with no choice but to...
