Latest News for: Failed banking


Inflation could get worse before end of year: Bank of Canada

Canoe 28 Oct 2021
Prospective home buyers and mortgage holders could face higher borrowing costs soon, now that the Bank of Canada has signaled that it could be raising its key interest rate as early as April ... We apologize, but this video has failed to load ... Bank of Canada Back to video ... Banks are now staking out how many rate hikes might occur.

US$300m IMF SDR: Beware of consequences in your breach of law - BoG Governor cautioned

Ghana Web 28 Oct 2021
Isaac Adongo has accused the BoG of failing to seek parliamentary approval after exceeding the 5% threshold of lending ... Adongo further accused the BoG of failing to seek parliamentary approval after exceeding the 5% threshold of lending to the government which is in clear breach of the Bank of Ghana Act ... Bank of Ghana.

Financial Services Union heading to the Labour Court in KBC sale dispute

Irish Independent 28 Oct 2021
The Financial Services Union is taking KBC Bank Ireland to the Labour Court for failing to engage with it on the planned sale of the bank’s consumer business to Bank of Ireland, the Irish Independent has learned ... to Bank of Ireland, which would include the transfer of employees.

Amount of Rs1.57cr finds no mention in NU balance sheet, claims CA

The Times of India 28 Oct 2021
“Even the auditor has clearly pointed out that Rs1.57 crore is missing from the accounts, but the NU administration failed to act,” alleged Joshi ... According to Joshi, NU had failed to make bank entries of Rs1,28,88,842 in the 2020-21fiscal ... Moreover, NU has not submitted its bank reconciliation statement for January, February and March.

Bank of England warns of crackdown on financing linked to climate risk

The Guardian 28 Oct 2021
Tougher regulation means banks and insurers face extra audits and capital ...

With its new offering ‘Pay Later’, Freecharge is focused on being the go-to line of ...

Your Story 28 Oct 2021
BNPLs are credit lines that power offline and online purchases, without having to worry about your bank balance at that moment ... On the lending front, Freecharge offers instant pre-qualified personal loans, all of which are supported by its holding company, Axis Bank ... bank account.

CBN updates eNaira wallet app amidst user complaints

Business Day Online 28 Oct 2021
The eNaira wallet has a major advantage, which is one can send the actual amount they need to without extra transfer charges, and the issue of failed transfer is not associated with the app,” a source at Sterling Bank who will not be named told BusinessDay ... Every bank customer who ...

It's time for banks to take the next step on climate risk

GreenBiz 28 Oct 2021
Climate risk is just like any emerging financial risk that bank regulators must start to include in their oversight of banks ... Rather than waiting until banks start failing and we perhaps experience a financial meltdown as in 2008 and 2009, bank regulators have the tools to start monitoring climate-related bank risk now.

Karnataka HC grants bail to Bineesh Kodiyeri in money-laundering case

Hindustan Times 28 Oct 2021
The counsel for the accused Guru Krishnakumar contended that the Narcotics Control Bureau (NCB) after its detailed investigation failed to find any involvement of Kodiyeri in the drug trade and his transaction with some of the accused were through banks.

Load shedding tips for SME owners in the country

Independent online (SA) 28 Oct 2021
... to South African small businesses and which counts the World Bank Group’s International Finance Corporation (IFC) amongst its investors ... Lulalend is stepping in where traditional banks are failing to come to the rescue of small businesses in need of emergency financial assistance.

China warns unlicensed online brokerages they are breaking the law

Canada Dot Com 28 Oct 2021
... Department of the People’s Bank of China (PBOC) said in a speech, according to a transcript released on Wednesday. We apologize, but this video has failed to load.

Rishi Sunak refuses to answer question on if he pays enough national insurance

The Independent 28 Oct 2021
... got a very, very healthy bank balance, do you think that’s fair?” she asked the chancellor, who again failed to directly answer.

Egypt's increased bread price 'will take time' to decide

The New Arab 28 Oct 2021
Drug importers had warned that they were running out of hundreds of drugs, and that the central bank had failed to pay suppliers abroad millions of dollars in accumulated dues under a subsidy scheme.https.// — The New Arab (@The_NewArab) July 9, 2021 ... (Reuters) ....

Saudi efforts to redesign tourism gather pace and support

The Eastern Herald 28 Oct 2021
UNWTO founder-member Spain joins Saudi Arabia’s efforts to future-proof the industry. RIYADH, Saudi Arabia, Oct ... HH Princess Haifa, Vice Minister of Tourism, Saudi Arabia, said ... During the financial crisis back in 2008 we said banking is too big to fail. Today I’m telling the world tourism is way too big to fail.” ... Follow us on. ....

Around the region

Decatur Daily 28 Oct 2021
Dothan Eagle on poisoned smokes ... It could have been much worse ... The web of for-profit health care providers and insurance companies we’ve built over the past few decades in this country is failing these people. If the preexisting condition needed to access basic health care is a hefty bank balance, then the system is ailing ... Get Unlimited Access ... .