In a significant push towards supporting innovation, the Iranian banking system has seen a substantial increase in loans extended to knowledge-based firms. Over the first four months of the current Iranian calendar year, which spans from March 20 to July 21, banks provided 927 trillion rials
September 10, 2024In the first half of 2024, Rizal Commercial Banking Corporation (RCBC), a leading financial institution based in the Philippines, demonstrated remarkable financial growth, reporting a significant net income of PHP 4.5 billion (approximately $79.87 million) during this period. This achievement was
August 22, 2024The financial landscape is evolving rapidly, driven by technological advancements and changing regulatory environments. One of the significant changes in recent years is the rise of shadow banking—financial activities conducted by non-bank entities, often outside traditional regulatory frameworks. T
August 21, 2024The question of what a second term for Donald Trump might mean for Americans, particularly those with under $10,000 in savings, is a pressing one. With mixed opinions from financial experts, here's an analysis of the potential ramifications of such an administration. Mixed Financial Prospects
August 2, 2024The recent earnings reports from some of the biggest U.S. banks, including Citi, JPMorgan Chase, and Wells Fargo, have painted a troubling picture of the current state of the economy. Despite reporting profits, these financial institutions are experiencing significant headwinds due to persistent
July 16, 2024In an era where financial forecasts can seem as volatile as the weather, one prediction is becoming increasingly clear: high-interest rates may be with us for longer than originally anticipated. Scotiabank, a major financial player, has echoed this sentiment, suggesting that the persisting high
May 24, 2024