In a concerning trend, the private banking sector in Bangladesh has witnessed a substantial increase in bad loans from September 2023 to September 2024. This period saw defaulted loans jump by an alarming 171%, soaring from Tk 29,645 crore to Tk 80,573 crore, according to data from the central
Bank Al Yousr has recently been honored with the prestigious "Excellence in Islamic Corporate Banking – Morocco, 2024" award by the Global Brand Frontier Awards, conducted by Boston Brand Research & Media. This recognition underscores the bank's prominent role as a leader in Sharia-compliant
U.S. Bank is making strategic moves to bolster its capital markets and wealth businesses, aiming for significant growth in these areas. Following an investor day in September, the bank faced skepticism from analysts regarding its growth projections. Stephen Philipson, head of wealth, corporate,
In recent times, Metropolitan Commercial Bank (MCB) has achieved a significant milestone by being recognized as a member of Piper Sandler’s Sm-All Stars Class of 2024. This honor is a testament to the bank's dedication to financial excellence, innovative banking solutions, and steadfast commitment
The U.S. banking industry is significantly bifurcated, marked by the overwhelming concentration of deposits among the largest financial institutions. According to the Federal Deposit Insurance Corp. (FDIC), as of June 30, the top five institutions hold an astonishing $6.5 trillion in deposits.
The world of corporate banking is experiencing a massive shift, driven by the relentless march of digital technology. From streamlining operations to offering unprecedented levels of customization and security, digital innovations are revolutionizing how businesses manage their finances. As we
