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US credit crunch didn’t start with SVB collapse

It wasn't the March 10 collapse of Silicon Valley Bank that prompted Carissa Rodeheaver, head of a community bank tucked in the mountains of...

Europeans drain billions from banks

European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to...

UK stocks slide as banks sink

London's blue-chip FTSE 100 index fell on Friday as UK lenders dropped 4.6% in a global banking sector selloff, while uncertainty around central banks'...

WATCH: Depositors smash up, burn banks in Lebanon

Several dozen Lebanese protesters attacked banks in a Beirut neighbourhood on Thursday, while blocking roads protesting against informal restrictions on cash withdrawals in place...

India lets banks use facial recognition, iris scan for transactions

The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in...

US banks get ready for shrinking profits and recession

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown...

Goldman Sachs to start cutting thousands of jobs

Goldman Sachs will start cutting thousands of jobs across the firm from Wednesday, two sources familiar with the move said, as it prepares for...

US Fed delivers another steep rate hike with more to come

WASHINGTON: The Federal Reserve (FED) delivered another steep interest rate increase on Wednesday, as expected, with its move to cool red-hot inflation taking on...

Female bank employee successfully thwarts robbery bid, video goes viral

The video got millions of views, thousands of shares and hundreds of comments.

Sali Hafiz: Lebanese woman who stole own savings speaks up!

On the run from authorities after forcing a bank to release her family savings at gunpoint to treat her cancer-stricken sister, 28-year-old Lebanese interior...

Credit Suisse: No sign of light at end of tunnel for investors

Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped...

FAB: UAE’s largest bank makes record profit in 2021

The UAE´s largest bank, First Abu Dhabi Bank, announced Thursday it scooped record annual net profit of $3.4 billion in 2021, a 19 percent...

Top bank to fire unvaccinated staff this month – memo

Citigroup staff in the United States who have not been vaccinated against COVID-19 by Jan. 14 will be placed on unpaid leave and fired...

Bank deposits millions into people’s accounts by mistake

They are in contact to recover the money

UAE banks waive over Dh1b in debt owed by Emiratis

The UAE's Non-performing Debt Relief Fund announced on Wednesday that 20 banks and financial institutions had waived the debts of 4,511 Emirati citizens, with...

VIDEO: Karachi man robbed after withdrawing cash from bank

KARACHI: A man was robbed as soon as he came out of a private bank after withdrawing cash in Karachi, ARY News reported.  In a...

Obligatory vaccination certificate recommended for banks, postal services

KARACHI: The Sindh government has recommended making the COVID-19 vaccination certificate mandatory for getting services at banks, post offices and couriers, ARY News reported...

ADIB launches world’s first Islamic digital bank

ABU DHABI: Abu Dhabi Islamic Bank (ADIB) today officially unveiled "Amwali" digital bank, the world’s first Islamic digital bank targeting youth between the age...

Man’s bid to rob bank foiled after cashier couldn’t read his handwriting

A bank robber's demands for cash were foiled because cashiers couldn't read his handwriting, forcing him to leave without the money. Sussex police while sharing...

China deepens crypto crackdown with central bank warning

China's central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as it shut down a software firm over suspected involvement in digital currency...
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