Latest News for: Banking retail

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Investors turn to T-Bills, Gsecs as banks delay deposit rate hikes

The Times of India 28 Jun 2022
... basis points, savers are using the central bank's retail direct platform to buy into these sovereign instruments.
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Access Bank leads conversation on the future of payments

B & FT Online 28 Jun 2022
This means that by 2030, the number of cashless transactions will be about double to triple the current level in Africa and across regions, globally.” Executive Director of Retail and Digital Banking at Access Bank ... Closing the workshop, Pearl Nkrumah, Executive Director of Retail ...
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Sionic Enters Multi-Year Agreement With Google Cloud To Host ULink™ Commerce Services Platform

Maryville Daily Forum 28 Jun 2022
“We look forward to working with Sionic to enable its bank-to-bank digital payment service and enhance the payments experience for customers.” ... Consumers may receive perks for paying with their bank accounts ... TECHNOLOGY FINANCE SECURITY FINTECH BANKING PROFESSIONAL SERVICES SOFTWARE RETAIL ONLINE RETAIL.
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Punjab & Sind Bank launches a slew of products

Financial Express 28 Jun 2022
Punjab & Sind Bank, which celebrated its 115th foundation day on June 24, 2022, reported a net profit of Rs 1,039 crore for FY 22 ... The bank was ... The bank is focusing on its core strength for augmenting retail, agriculture and MSME (RAM) segment credit.
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Spain's Santander hires Credit Suisse, Goldman to look at Citibanamex bid - source

Reuters 28 Jun 2022
MADRID, June 28 (Reuters) - Spain's Santander (SAN.MC) has hired Credit Suisse and Goldman Sachs to potentially consider a bid for the Citibanamex (C.N), Citigroup's retail bank in Mexico, a source familiar with the process said on Tuesday ... Cantu said the bank was ...
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National Bank of Egypt's new best buy one-year savings rate at 2.7%

This is Money 28 Jun 2022
However, many may be worried about putting their cash into a foreign-owned bank they are unlikely to have heard of. The bank, headquartered in Cairo, was established in the late 19th century and has had a UK-incorporated presence since 1982 ... It offers buy-to-let mortgages, corporate and retail banking, along with trade finance.
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Expert Sees Fed Reversing Interest Rate Hikes, How Will It Affect Crypto?

CoinGape 28 Jun 2022
... Reserve’s rate hikes may see the bank reversing its decision.
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Fidelity Bank records 32% increase in Profit Before Tax

B & FT Online 28 Jun 2022
... Cash Management Bank in Ghana Award by the Global Finance Magazine, Agency Banking Bank of the Year Award by Instinct Business Finance Innovation, Outstanding response to COVID-19 and SME Loans Award by the Middle East and Africa Retail Innovation Banking Awards among others.
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Post prepaid ban, NBFCs, fintech may bank on credit cards

Financial Express 28 Jun 2022
Non-banking financial companies (NBFCs) and fintech lenders may look to explore the credit card route to reach out to new customers, now that the prepaid card model has been junked due to a regulatory stricture ... According to him, the RBI is keen to regulate the issuance of credit cards and restrict them only to banks and select NBFCs.
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National Bank of Egypt launches new best buy one-year fixed savings deal at 2.7%: Is ...

The Daily Mail 28 Jun 2022
National Bank of Egypt* is now offering a best buy 2.7 per cent rate fixed for one-year, exclusively available via savings platform Raisin. However, many may be worried about putting their cash into a foreign-owned bank they are unlikely to have heard of ... It offers buy-to-let mortgages, corporate and retail banking, along with trade finance.
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Lloyds shares are down 10% in 2022. What next?

The Motley Fool 28 Jun 2022
One UK company I keep a close eye on is Lloyds Banking Group (LSE ... That’s because I regard the Black Horse bank as a rough bellwether for the UK’s economic health ... After all, the current no-premium price tag of £30bn would buy me one of the UK’s largest retail banks with up to 30m customers and almost 65,000 workers.
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Digital yuan helps stimulate consumption, supports recovery of SMEs across China

People Daily 28 Jun 2022
Recently, China Construction Bank has allowed its mobile app users in pilot cities to buy wealth management products with the e-CNY ... An official with the PBOC said that the central bank would further deepen the pilot use of the e-CNY in retail transactions, lifestyle-related fee payments, government services and other scenarios.
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Madawaska leaders hope COVID-19 brings a resurgence in population and commerce

Bangor Daily News 28 Jun 2022
MADAWASKA, Maine — A surveyor from Madawaska was digging through his office when he found an old photo from his father’s term as town manager ... Edward Cyr ... “Retail back then was hopping because that’s what retail was,” she said. “Now that everybody shops online, there’s no such thing as brick and mortar anymore — even banks, everything’s a card.” ... ....
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On the Cusp of a Great Transformation

Manila Bulletin 28 Jun 2022
On innovations in the banking sector, the Aboitiz Group has always been the leader thanks to UnionBank’s early and aggressive digitalization. Consistently setting the bar for customer experience, the bank continues to expand its self-service and mobile-first banking services through its retail financial platform, UnionBank Online.
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Progress on share buyback programme

The Daily Journal - San Mateo 28 Jun 2022
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 57,000 employees off er retail and wholesale banking services to customers in over 40 countries.

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