Latest News for: Banks assets

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PH banks’ net profits up 28% end-June

Manila Bulletin 25 Sep 2023
Banks’ losses and recoveries ... As of end-June, banks’ assets and deposits grew while its asset quality generally improved. Total resources which are bank assets increased by 8.9 percent to P29 trillion and this was mainly driven by deposits which reached P14 trillion as of end-June.
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Coinbase Registers as Crypto Exchange and Wallet Provider in Spain

Bitcoin 25 Sep 2023
digital assets trading platform Coinbase has registered as a crypto exchange and custodian wallet provider with the Bank of Spain ... method in the Mediterranean nation, overtaking bank transfers, while over 60% of Spanish citizens look to crypto assets for long-term investments.
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ARCs want lenders to share list of stressed assets they intend to sell

Business Line 25 Sep 2023
Asset reconstruction companies (ARCs) have requested the Reserve Bank of India (RBI) to implement some more recommendations of the 2021 ARC panel, including lenders sharing at the ...
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Household savings at 16-year low threaten India’s growth

Financial Express 25 Sep 2023
Household financial assets, including bank deposits, cash and equity investments, after deducting debt servicing and consumption, eased to 5.1% of gross domestic product in the fiscal year ended March ... Household financial assets, including bank deposits, cash and equity ...
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Banking Glitch Turns Teen Into Overnight Millionaire After $10,900 Deposit Transforms Into $10,900,000

The Daily Hodl 25 Sep 2023
British bank Nationwide accidentally made one of its customers an overnight multimillionaire after abruptly adding about $10.9 million into his account ... The bank, which manages over $333 billion in assets, added three zeroes to Gillespie’s deposit due to an apparent glitch.
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Coinbase obtains Bank of Spain AML registration.

Bitcoin World 25 Sep 2023
Coinbase, the cryptocurrency exchange, has successfully secured Anti-Money Laundering (AML) compliance accreditation from Spain’s central bank as part of its strategic expansion endeavors across Europe ... On June 23rd, Crypto.com proudly announced its receipt of a virtual asset service provider registration from the Bank of Spain.
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UBA Partners AfCFTA on $6 Billion Financing Solutions for SMEs in Africa

This Day 25 Sep 2023
UBA’s Group Head, Marketing and Corporate Communications, Alero Ladipo, noted that the $240,000 financing by the bank would be in the form of working capital loans and asset finance loans, with the aim of positioning the businesses for growth and success in the evolving African business landscape.
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Financial system resources reach P28.8 T end-July

Manila Bulletin 25 Sep 2023
Besides banks, the non-banking financial institutions (NBFIs) also hold some these financial resources which are funds and assets in the form of not just deposits, but also capital and bonds or debt securities ... The BSP said the Philippine banking system continued to improve, ...
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TCS strengthens partnership with Standard Bank to centralize & standardize its custody and securities settlement operations

Financial Express 25 Sep 2023
The bank sought to upgrade its existing platform and ... The platform improves straight through processing levels and helps the bank leverage a data standardization strategy that can accommodate both traditional and crypto assets, while also making the adoption of ISO20022 easier.
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Coinbase Bolsters EU Presence: Gains Registration in Spain

Finance Magnates 25 Sep 2023
COIN) has solidified its presence in Europe with the latest registration from the Bank of Spain ... The offerings include custody of crypto assets, fiat-to-crypto trading, and crypto-to-crypto trading ... Several European countries have local cryptocurrency frameworks under which they are offering virtual asset service provider (VASP) registrations.
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Singapore’s banking revamp following dirty money drama

Cryptopolitan 25 Sep 2023
While the nation is no stranger to large transactions given its status as an Asian financial hub, this scandal has caused an unmistakable ripple in the banking waters ... Wealth advisers, asset managers, and private bankers reveal that the waiting period for opening a private banking account has tripled in some cases.
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From Asia with crypto: This week’s top 10 news

Cryptopolitan 25 Sep 2023
The Hong Kong police have since intervened, freezing assets worth a staggering HKD 59 million ... cryptocurrencies formed a whopping 70% of overseas asset declarations ... But it’s Busan City that’s stealing the spotlight with its ambitious plan for a digital asset exchange.
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Sovereign Wealth Fund Institute Expands Global Family Office Roundtable (FORT) to North America with Dallas Event

The Galveston Daily News 25 Sep 2023
The Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, public pensions, central banks, and other long-term public investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade, and other relevant issues.
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Kuru: AMCON Always Ready to Resolve Issues with Arik Air Owners

This Day 25 Sep 2023
The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr ... It also became a challenge because most of the aircraft belong to lenders such as Afreximbank, Access Bank, Zenith, EDC of Canada ... Some of those assets that were at Arik, actually didn’t belong to Arik, but they belong to banks and AMCON.
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Turkish cenbank determined to raise demand for lira assets - governor

Reuters 25 Sep 2023
ISTANBUL, Sept 25 (Reuters) - Turkish central bank is determined to increase domestic and international demand for lira assets, its governor Hafize Gaye Erkan said on Monday.

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FILE - In this handout photo released by the Russian Defense Ministry Press Service released on Saturday, May 28, 2022, a Ka-52 helicopter gunship takes off for a mission at an undisclosed location in Ukraine. Russian helicopter gunships have used a new anti-tank missile called Vikhr (Whirlwind) that has an extended range, allowing pilots to strike Ukrainian armor while staying out of reach of air defenses.
AP / Russian Defense Ministry Press Service via AP, File
Bill Gates, Co-Chair of the Bill & Melinda Gates Foundation talks to the media
AP / Michel Euler
Red Bull driver Max Verstappen of the Netherlands steers his car after a pit service during the Japanese Formula One Grand Prix at the Suzuka Circuit, Suzuka, central Japan, Sunday, Sept. 24, 2023
AP / Toshifumi Kitamura
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