DBS’ goal is to be a universal bank with SME & retail focus: CEO Rajat Verma

Five years after taking over the troubled Lakshmi Vilas Bank, Singapore’s banking major DBS has built a strong base for steady growth in India, CEO Rajat Verma said. The bank’s net profit increased 81% year on year to Rs 684 crore in FY25. Verma...

Mangaluru: MCC Bank celebrates Deepavali

Media Release Mangaluru, Oct 22: The premises of MCC Bank Ltd were illuminated with festive lights and vibrant smiles as the bank family came together to celebrate Deepavali 2025 on October 21 at the administrative office in Mangaluru. Organized...

Lloyds and Halifax savers told they can switch banks as 20 closures planned for November

Lloyds and Halifax customers have been warned that they may want to ditch their accounts as 20 bank branches are closing in just weeks. November is set to see a swathe of closures, including Lloyds Banking Group, Halifax and Santander. Money...

Systemic risk: Why non-banks have begun to haunt financial stability again

That may explain why its latest crisis, this time in the US subprime market for auto loans, has not led to a larger meltdown—so far. Sure, Jamie Dimon, CEO of JP Morgan, an investment bank that had to write off $170 million in bad debt to a...

NBB Concludes its Participation in Bahraini Banks Reception During IMF and World Bank Annual Meetings

The National Bank of Bahrain (NBB)has concluded its participation as Platinum Sponsor of the Bahraini Banks Reception, which was organised by the Bahrain Association of Banks (BAB) in Washington, D.C., during the Annual Meetings of the...

BNP Paribas Hires Ex-HSBC Private Banker in Taiwan

The wealth management unit of BNP Paribas has hired a former private banker from HSBC in Taipei. BNP Paribas Wealth Management has appointed Eric Kao as team head, private banking for the onshore Taiwan business, according to an internal memo seen...

THESE 8 banks offer upto 7.1% interest on term deposits to senior citizens

Fixed deposit (FD) interest rates: Before opening a fixed deposit, it is advisable to first compare the interest rates offered by different banks. Typically, banks offer relatively higher interest on long tenor deposits than short tenors....

NBB concludes its participation in Bahraini Banks reception

SK TDT | Manama Email: mail@newsofbahrain.com The National Bank of Bahrain (NBB)has concluded its participation as Platinum Sponsor of the Bahraini Banks Reception, which was organised by the Bahrain Association of Banks (BAB) in Washington, D.C.,...

Novik provided bank guarantees for 300 million rubles to Satoms company

AK&M 21 October 2025 19:02 Novikom provided two bank guarantees totaling almost 300 million rubles to the Voronezh manufacturing and engineering company Satoms LLC. This is stated in the message of the bank. This will ensure that the company...

ChatGPT Makers Launch Banking Automation Project; Hires Ex-Bankers

OpenAI has launched a groundbreaking initiative called Project Mercury, enlisting over 100 former investment bankers to train its AI models on financial tasks usually performed by junior bankers. The project’s ultimate goal is to automate...

Rising domestic debt in Africa likely to hurt local banks – IMF

IMF’s head of African department Abebe Selassie /HANDOUT The rising domestic debt in Sub-Saharan Africa risks hurting the stability of local banks, the International Monetary Fund (IMF) has said. Addressing journalists after the release of the...

Financial Services Executive? Open AI Wants You

OpenAI, the artificial intelligence company behind ChatGPT, is quietly training its systems to perform the kind of routine but essential tasks that occupy most junior bankers’ time, Bloomberg reported. Discover how neo-banks become wealthtech in...

Iraq and European Investment Bank discuss Economic Cooperation

By John Lee. Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein met on Monday, 20 October 2025, with Gelsomina Vigliotti, Vice-President of the European Investment Bank (EIB), at the Bank's headquarters in Luxembourg. The...

'It's really a tragedy': Local food bank reacts to possible SNAP benefits loss

READING, Pa. – The Helping Harvest Fresh Food Bank will need more food and more hands on deck if the federal government doesn't reopen soon. State officials say nearly 60,000 people in Berks County will go without food assistance next month if the...

OpenAI hires 100 ex-bankers to train its next AI models

OpenAI has reportedly launched a secretive project, code-named Mercury, to train artificial intelligence (AI) to build complex financial models. With these models, the company plans to replace time-consuming tasks currently performed by junior...

US Banks Back $300 Billion of Private Credit Debt, Moody’s Says

(Bloomberg) -- Anxiety about the quality of underwriting has put private credit in the hot seat on Wall Street. Yet some of the same banks raising the alarm are the ones fueling growth in the asset class. US banks have lent about $300 billion to...

15 Local Governments in Indonesia with the Biggest Bank Deposits, According to Minister Purbaya

TEMPO.CO, Jakarta - Indonesia's Minister of Finance Purbaya Yudhi Sadewa stated that the regional government funds, which have not been utilized and instead remained in banking institutions, reached Rp234 trillion. This data from the Ministry of...

Rayynor Silva enters Seylan Bank as Dhammika Perera exits selling 5% for Rs. 1.5 b

Diversifies banking sector portfolio which includes 10% of Sampath, DFCC and 1% of Commercial Bank Rayynor Silva Dhammika Perera High net worth investor and media industry fame Rayynor Silva yesterday entered Seylan Bank buying the remaining 5%...

Lubbock County grand jury indicts suspect in Happy State Bank robbery

A 57-year-old man arrested earlier this month in connection with the armed robbery of a bank in central Lubbock was indicted by a Lubbock County grand jury. Otis Williams, who remains held at the Lubbock County Detention Center since his Oct. 1...

FD Rates 2025: Compare Top Banks Offering Up To 8.05% On Fixed Deposits

Last Updated:October 22, 2025, 07:49 IST Suryoday Small Finance Bank offers the highest FD rate at 8.05 percent, followed by Jana Small Finance Bank at 8 percent. FD Rates 2025: What Top Banks Are OfferingFD Interest Rate Comparison: Fixed Deposit...