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Revolut digital banking platform introdu...

August is coming to an end and cooler days could arrive, however, it “never stops the wheels from turning” at the digital bank Revolution. As usual, they’ve strived to provide customers with the “best possible experience,” and they’re having “real fireworks” for customers, the bank wrote in a blog post. From easier or more intuitive […]

New Statement of Expectations for the Au...

The Morrison government today released a new statement of expectations for the Australian Securities and Investments Commission (ASIC), outlining government priorities and ASIC’s expectations. Statements of expectations are issued by ministers to regulatory bodies within their ministerial portfolios to provide greater clarity on relevant government policies and objectives. The publication of a new Statement of […]

KCB completes the acquisition of the Rwa...

Capital markets KCB completes the acquisition of the Rwandan bank Wednesday 25 August 2021 A KCB branch in Nairobi. PHOTO FILE | NMG By OTIATO GUGUYUMore from this author Summary The lender has announced that it will merge the new acquisition with its subsidiary KCB Bank Rwanda and rename the combined entity to BPR Bank. […]

Consistency 50: T. Rowe Price US Small C...

Consistency 50: T. Rowe Price US Small Company Funds # 1 and # 2

This week’s data covers all three years August 20, 2021. Price T. Rowe took the top two places in this week’s Consistent 50 with his OEIC Small Company Shares and SICAV US Smaller Companies Equity, to push MGTS St Johns High Income Real Estate Fund third. This week’s top ten remains largely unchanged from last […]

Australian banking group fined AU $ 10.5...

The Federal Court of Australia has fined A $ 10.5 million (£ 5.51 million, $ 7.53 million, € 6.42 million) on Westpac banking group in connection with ” a regulatory procedure concerning its advice on financial products. The sanction concerns the proceedings initiated by the Australian Securities and Investments Commission (Asic) in 2016 against Westpac […]

Egyptian financial regulator removes lim...

Mohamed Omran, president of the Financial Regulatory Authority (FRA), issued a decision authorizing charitable investment funds to invest without a maximum limit. However, any charitable fund will set aside an amount equivalent to 2% of its total volume, with a maximum of EGP 5 million, to ensure the continuation of its activities. This step would […]

Good show from private banks, best from ...

Whether it’s net profits, commissions or bad debt, public sector banks outperformed their private sector counterparts in the June quarter. The subjectsPrivate banks | PSB | APM In March 2021, gross non-performing assets (GNPA) of the Indian banking system represented 7.5% of advances. After setting money aside for provisions, the net NPA (NNPA) was 2.4 […]

PE and VC funds find their place in star...

While investments in Indian start-ups by private equity and venture capital funds have reached an all-time high, the amount of transactions also increased significantly in the first eight months of 2021. As of August 19, there were 37 transactions in the $ 250 million to $ 1,000 million range and 14 transactions in the $ […]

Rising interest rate concerns weigh on b...

From the start of the current fiscal year until July, bank debt funds and PSUs recorded outflows of Rs 1,247.44 crore. The subjectsRising interest rates | Bank funds | PSU Chirag Madia | Bombay Last updated Aug 22, 2021 8:45 PM IST Concerns about rising interest rates in the coming months have had an impact […]

Iran urges Japan to release billions of ...

Iranian Foreign Minister Mohammad Javad Zarif and Japanese Foreign Minister Toshimitsu Motegi hit each other’s elbows during a meeting in Tehran, Iran on August 22, 2021. Majid Asgaripour / WANA (West Asia News Agency) via REUTERS DUBAI, Aug.22 (Reuters) – Iranian President Ebrahim Raisi has called on Japan to release Iranian funds frozen in the […]