Cecil Walton Bond Jr., an Army veteran, Central Penn National Bank vice president, broadcast enterprises vice president and retired SEPTA assistant general manager, died Oct. 9. He was 87.
Category: banking
Bad bank loans climbed to nine-month high in August
Bad loans in the Philippine banking system climbed to a nine-month high in August, as lenders—squeezed by narrower margins from falling interest rates—may have turned to riskier retail borrowers in search of higher returns. Latest data from the Bangko Sentral ng Pilipinas showed that nonperforming loans (NPL), or debts overdue by at least 90 days
HDFC Bank cuts MCLR: How much could your EMIs drop?
HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates (MCLR), a move that is likely to benefit borrowers with loans linked to this benchmark.
Banking luminary Xavier ‘XP’ Loinaz; 82
When American investment bank Lehman Brothers collapsed during the 2008 global financial crisis, seven Philippine banks—with combined exposure amounting to $386 million—had to bite the bullet. Ayala-led Bank of the Philippine Islands (BPI) wasn’t one of them. That BPI was the only major bank that emerged unscathed from the mortgage subprime crisis was largely due
Nubank Seeks US National Bank Charter to Launch Global Expansion and Digital Banking in America
Nu Holdings Ltd. (NYSE:NU) is one of the best stocks to buy under $20. On September 30, Nubank announced that it had applied for a national bank charter with the Office of the Comptroller of the Currency/OCC of the US. This action is a preparatory stage supporting Nubank’s long-term vision of expanding its customer-centric, tech-driven […]
Indore News: About ₹132 Crore Suspicious Transactions Found In Indore Premier Cooperative Bank
The spot verification action of Intelligence and Criminal Investigation wing of Income Tax Department reveal the fact
Maharashtra News: CBI Initiates Probe Against Pune Firm For ₹16 Crore SBI Fraud
The Central Bureau of Investigation (CBI) has initiated a probe against a private firm for allegedly causing loss of over Rs 16 crore to the State Bank of India.
₹16-Crore Heist: A Bank Officer’s 2-Year Plot To Siphon Funds By Exploiting Loopholes
The Enforcement Directorate (ED) has arrested suspended Bank of India (BoI) officer Hitesh Kumar Singla for allegedly orchestrating a calculated and layered banking fraud of over Rs 16.10 crore.