In a significant move to bolster financial integrity in India's rural banking sector, the Reserve Bank of India has unveiled a draft set of guidelines aimed at curbing related-party lending practices in Rural Co-operative Banks (RCBs). These institutions, often vulnerable to insider influence and
The intricate web of global finance is under strain as U.S. trade tariffs continue to disrupt economic stability, posing a significant challenge for euro zone banks that are heavily reliant on U.S. dollar funding. This dependency, critical for international transactions and lending, has become a
In a transformative move for Ethiopia's financial sector, Wegagen Capital Investment Bank (WCIB), the nation's first licensed private investment bank, has embarked on a bold journey to redefine the capital market with innovative offerings. This strategic expansion into wealth and portfolio
In a world where financial inclusion remains a pressing challenge for millions, a groundbreaking development has emerged from the fintech sector, promising to reshape access to Shariah-compliant banking with innovative solutions. Fasset, a global financial superapp, has recently achieved a historic
In a dynamic financial landscape where leadership transitions can significantly influence a company’s trajectory, a major Rhode Island-based lender has made a strategic move that signals both continuity and ambition. The announcement of a new head for its commercial banking division underscores the
In the intricate web of global finance, China stands as a colossus that no major bank can afford to overlook, even amidst rising geopolitical frictions. As tensions between the U.S. and China continue to shape international business dynamics, financial powerhouses like JPMorgan Chase and Goldman
