Monthly Archives: September 2021

Euro pound exchange rate (GBP / EUR) climbs as fuel problems ease

September 30, 2021 – Written by John Cameron HISTORY LINK Euro pound exchange rate (GBP / EUR) climbs as fuel problems ease GBP / EUR regains ground as fuel supplies stabilize The Euro pound exchange rate (GBP / EUR) strengthened this morning as the UK fuel supply crisis is once …

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Columbia Banking System Announces Regular Cash Dividend Increase of $ 0.30

TACOMA, Wash., Sept. 30, 2021 / PRNewswire / – Columbia Banking System, Inc. (“Colombia“) (NASDAQ: COLB) announced today that a quarterly cash dividend of $ 0.30 per common share will be paid on October 27, 2021 to shareholders of record at the close of business on October 13, 2021. This …

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Growth of currency in circulation falls – BoG

The currency in circulation that determines the level of liquidity in an economy is declining, raising concerns that the economy is facing a liquidity problem. According to the Bank of Ghana’s financial and economic data summary, the growth of foreign exchange outside banks increased by 18.3% in August 2021. This …

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Citi Big Idea: Central Commercial Banks Use Shared DLT for “Digital Currency Format War” – Ledger Insights

Given that this is how things work today and most laws are independent of technology, this likely would not require legislative changes and could dispense with the need for CBDC. The concept is to create a blockchain with levels and partitions, on which central banks play the same current role …

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RBNZ signals interest in central bank digital currency, seeks comment

WELLINGTON, Sept. 30 (Reuters) – New Zealand’s central bank said on Thursday it was seeking public input on the potential use of a central bank digital currency (CBDC). Many countries are exploring the use of CBDCs, which are digital forms of existing currencies. The US Federal Reserve will soon release …

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Citi Big Idea: Central and Commercial Banks Use Shared DLT for “Digital Currency Format War” – Ledger Insights

During today’s Cordacon Enterprise Blockchain conference, Tony Mclaughlin of Citibank said the regulated industry should work together to fight the “war of digital currency formats.” He suggested that central banks, commercial banks and e-money providers consider using a shared ledger, the Regulated Liability Network, to enable token money and other …

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Tajikistan enters blockchain era with central bank digital currency hosted on Fantom

As blockchain technologies reach widespread adoption, one of the most important forms of validation a project can receive is to be chosen by banks and government agencies to develop dApps and platforms to public use. That is why Fantom’s announcement That it signed a memorandum of understanding with OJSC Orienbank …

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The growth of deposits in the banking system is slowing; preference grows for cash

KUALA LUMPUR (September 29): Annual growth in total deposits in the Malaysian banking system slowed to 3.9% in June 2021 from 6% in March 2021, but remained supported by precautionary savings from households and businesses, said Bank Negara Malaysia (BNM). Deposits by non-bank financial institutions (NBFIs) moderated slightly, reflecting withdrawals …

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RBA money creation to drive Australian rates up earlier, CBA says

By James Glynn SYDNEY – The deluge of fiscal stimulus measures rolled out by Canberra to mitigate the impact of the Covid-19 pandemic in Australia, could come with a sting in its tail as the central bank’s money creation that financed the spending of the government drives up inflation. Gareth …

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CBDC and DLT combo outperforms correspondent banking system

A prototype of multiple central bank digital currencies (mCBDC) developed by the Bank for International Settlements and four central banks demonstrated the potential of using digital currencies and distributed ledger (DLT) technology for payments and cheaper and more secure cross-border regulations. The mBridge project is a cooperation between the BIS …

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Afghan banking system on the brink of collapse, warns Islamic Bank director

KABUL – The Afghan banking system is on the verge of collapse, the boss of one of the country’s biggest lenders told the BBC. Syed Moosa Kaleem Al-Falahi, managing director of the Islamic Bank of Afghanistan, said the country’s financial sector was in the throes of an “existential crisis” as …

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Commercial banks lend aggressively despite liquidity crisis – myRepublica

KATMANDU, September 28: The country’s commercial banks have granted loans to their customers nearly four times the amount of deposits collected last week, despite a shortage of liquidity in recent days. According to the Nepal Bankers Association (NBA), banks issued loans of 31 billion rupees in a week last Friday …

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KSA has strongest banking system among GCCs, according to S&P Global Ratings

Software group Oracle will launch an innovation training center in Riyadh as the global giant expands its presence in Saudi Arabia. The hub will offer training programs in collaboration with Tuwaiq College for students and professionals who wish to enhance their skills and gain recognized qualifications in a range of …

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Saudi Arabia has strongest banking system in GCC, says S&P Global Ratings

DJEDDAH: S&P Global Ratings said on Sunday that the COVID-19 pandemic and the drop in oil prices last year had not affected all banking systems in the Gulf Cooperation Council (GCC) in the same way, stressing that the Saudi banking system appeared to be the strongest in the current environment. …

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Reliance Infra to raise 737 cr via convertible bonds in foreign currencies

Reliance Infrastructure has obtained approval from its board of directors to raise $ 100 million through unsecured convertible foreign currency bonds (FCCBs), the company announced on the stock exchanges on Saturday. The company also appointed Sandeep Khosla as the new chief financial officer (CFO), after Pinkesh Shah stepped down. “The …

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CBE announces financial soundness indicators for the Egyptian banking system in the first half of 2021

Loan and discount balances registered around EGP 2.903 billion, while the equity portfolio and banks’ investments in treasury bills registered EGP 2.87 billion. In addition, CBE said that the total capital of banks in Egypt stood at EGP 185.357 billion in June 2021, up from EGP 177.920 billion in March …

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Commercial banks account for over 93% of premium payments to DICGC in FY21

Bank of Baroda has also put up for sale a home loan account. Regular commercial banks account for over 93% of premium payments to the Deposit Insurance and Credit Guarantee Corporation (DICGC) in FY21, according to the company’s annual report for the year. It’s even like the majority of bailouts …

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Evergrande’s woes shouldn’t shake the Philippine banking system

Lawrence Agcaoili – The Filipino Star September 24, 2021 | 00h00 MANILA, Philippines – The possible collapse of Evergrande, China’s second-largest real estate company, struggling with debt, is unlikely to shake the Philippine banking sector, a Bangko Sentral ng Pilipinas (BSP) official said. Maman Cynthia Sison, deputy director of the …

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Positive Facilities or Ejabiah in Saudi Arabia Award Basic Banking System Contract to Islamic Software Provider Path Solutions

The newly formed finance company in Saudi Arabia, Positive Facilities Co. Ltd. (Ejabiah), would have entered into an agreement with Path solutions for the introduction of its basic interest-free banking platform. Ejabiah will be to supply a one-time 0% interest financing product, which is somewhat similar to Qard Hassan or …

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Central Bank of Egypt reveals performance indicators for banking system in fiscal year 2020/21

The Central Bank of Egypt (CBE) revealed the most important performance indicators of banks operating in the local market in fiscal year (FY) 2020/21. According to the CBE, the total financial position of banks, other than the CBE, increased from EGP 1.539 billion to around EGP 7.948 billion in fiscal …

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Commercial banks see long-distance lending steadily increasing

A sign in a Seoul bank announcing low interest rates for households and individuals. (Yonhap) SEOUL, Sep 23 (Korea Bizwire) – The use of remote banking loans that can be requested in a few clicks online is constantly increasing. Outstanding distance loans at the country’s 18 commercial banks at the …

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Columbia Banking System and Bank of Commerce Holdings Announce Shareholding and Regulation … | New

TACOMA, WA and SACRAMENTO, CALIF., September 22, 2021 (GLOBE NEWSWIRE) – Columbia Banking System, Inc. (NASDAQ: COLB, “Columbia”), the holding company of Columbia State Bank and Bank of Commerce Holdings (NASDAQ: BOCH , “Bank of Commerce”), the holding company of Merchants Bank of Commerce, today jointly announced the approval by …

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JP Morgan Chase will replace central banking system with Google-inspired cloud platform

US bank JP Morgan Chase is replacing its central banking system with a cloud-native system from British fintech company Thought Machine. The Google-inspired system, known as Vault, allows banks to offer customers features and ease of use similar to those offered by internet giants. Thought Machine, which was created …

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Columbia Banking System and Bank of Commerce Holdings

TACOMA, WA and SACRAMENTO, CALIF., September 22, 2021 (GLOBE NEWSWIRE) – Columbia Banking System, Inc. (NASDAQ: COLB, “Columbia”), the holding company of Columbia State Bank and Bank of Commerce Holdings (NASDAQ: BOCH, “Bank of Commerce”), the holding company of Merchants Bank of Commerce, today jointly announced the approval by Bank …

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China injects $ 26 billion into banking system during Evergrande crisis

China’s central bank has increased its gross injection of short-term liquidity into the financial system after concerns over a debt crisis at China Evergrande Group rocked global markets. The People’s Bank of China injected 120 billion yuan ($ 25.6 billion) into the banking system through repurchase agreements, resulting in a …

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Black entrepreneurs in New York think banking system is closed to them

Over 60% of startup owners and 40% of established business owners surveyed were unable to secure a bank loan or institutional capital from a finance company between 2015 and 2020. Additionally, around 80% of startups surveyed had incomes of less than $ 50,000. The survey found that there were great …

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Commercial bank deposits up by Rs 26 billion in one week – myRepublica

KATMANDU, September 22: It has been revealed that commercial banks have collected Rs 26 billion in deposits in the past week at a time when financial institutions are expected to face a liquidity shortage. However, it is not clear whether this growth in deposits is short-term or long-term. Bankers say …

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Startup aims to help American immigrants navigate the banking system

More than one million immigrants arrive in the United States each year, according to the Pew Research Center. For most of them, no matter where they come from, navigating an unfamiliar and complex financial system is a particularly onerous task. This includes everything from establishing a credit score to opening …

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Bank of Russia asks commercial banks to block suspicious crypto accounts and wallets

NEW DELHI: With the aim of combating money laundering, suspicious economic activities and protecting the country’s economy from scams and fraud, the Central Bank of Russia (CBR) has made some recommendations to commercial banks, Bitcoin.com reports. He advised commercial banks to identify and block the wallets, cards and accounts of …

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Turkey’s central bank looks at digital currency

Turkey’s central bank said it had created the digital Turkish lira collaboration platform to conduct more research into the possible benefits of a digital currency, Reuters reported. The bank said it has signed separate agreements with Turks Havelsan, Aselsan and Tubitak-Bilgem for the platform, according to the report. These will …

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Ten commercial banks’ OPEX reaches 932.26 billion naira in first half of 2021, boosted by double-digit inflation, AMCON Levy, others

By Darasimi Adebisi Despite the abundant profits reported by deposit banks around the country in their second quarter reports, it appeared that the double-digit inflation rate, among other factors, resulted in a total operating expense (OPEX) of 10 banks by seven percent to 932.26 billion naira in semester 2021 (H1) …

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Digital solutions in the banking system

Cambodia’s real GDP growth is expected to reach 2.2% this year, hampered by weak growth in services, especially tourism, as well as construction and real estate. While other traditional growth drivers, particularly the apparel, travel goods, footwear and bicycle industries, as well as agriculture, are supporting the economic recovery, according …

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The Taliban have yet to decide on the currency for trade

PESHAWAR: Afghan traders are finding it difficult to continue trading due to the lack of foreign currency, as the international community withheld the assets of the Da Afghanistan bank after the Taliban took Kabul on August 15. On the other hand, the Taliban have yet to decide which currency should …

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Panel orders UNILAG to close accounts with commercial banks

… .Detects financial abuse by senior executives THE Visiting Panel at the University of Lagos, UNILAG, ordered the management to close all its accounts in commercial banks. The panel also said it had uncovered cases of financial abuse by senior officials of the institution, noting that it had found the …

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CBN again warns commercial banks to desist from forex embezzlement

The Central Bank of Nigeria (CBN) has warned depository banks (DMB) to refrain from any form of embezzlement in foreign exchange (FX) transactions. The umbrella bank gave the warning in a letter signed by the director of the trade and foreign exchange department, Ozoemena Nnaji, addressed to the DMB. Nnaji …

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Commercial banks begin indefinite strike in Niger

Commercial banks in the state of Niger have started an indefinite strike following the disagreement with the National Revenue Office over tax evasion which led to the closure of eight banks since September 8 by the National Revenue Office internal to Niger. Although details of the strike are still unclear, …

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CBA: Commercial banks responsible for issuing unsecured banknotes …

(MENAFN-AzerNews) By trend Commercial banks are responsible for issuing unfit banknotes from ATMs, the Central Bank of Azerbaijan (CBA) told Trend. Information about the ATMs of the International Bank of Azerbaijan issuing unfit banknotes has recently spread in the media and the Azerbaijani segment of social networks. All commercial banks, …

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e-Naira will strengthen the banking system – CBN

Governor of the CBN, Godwin Emefiele e-Naira will strengthen the banking system – CBN The Central Bank of Nigeria has said that e-Naira will strengthen the banking system and make it easier to comply with existing laws such as combating money laundering, protecting customers from fraud, and ensuring safety and …

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Commercial banks sharply increase provisions to cover bad debts | Bank and finance

Although the bad debts of many commercial banks are still below the 3% threshold allowed by the State Bank of Vietnam (SBV), anticipating the potential risks of loans affected by the Covid-19 pandemic, many commercial banks have sharply increased their provisions to cover bad debts. debts. Statistics from securities companies …

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Central bank eases regulation of state-owned commercial banks

FE REPORT | Posted: September 06, 2021, 9:34 a.m. | Update: Sept. 07, 2021, 10:26 a.m. The central bank has relaxed regulations allowing state commercial banks (SoCBs) to participate in the Green Transformation Fund (GTF), officials said. As part of the easing, banks are now allowed to participate in the …

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Uganda: Commercial Banks Should Provide Affordable Services – Bahati

The Minister of State for Trade, Industry and Cooperatives, Mr. David Bahati, called on commercial banks in Uganda to provide affordable financial services as a way to boost financial inclusion in the country. According to Bahati, the government expects the financial sector to help educate its clients on how to …

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Commercial banks set up Chinese office in Singapore

February 12, 2018, Citi bank branch in Singapore’s central business district. Huiying Ore | Bloomberg | Getty Images Singapore — The city’s commercial banking division has set up a Chinese office in Singapore to help “emerging” Chinese companies expand into urban states and Southeast Asia, the bank told CNBC. Commercial …

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Government to borrow Rs4.8tr from commercial banks

KARACHI: The government plans to borrow Rs.480 trillion from commercial banks over the next three months against the issuance of its sovereign bonds such as Pakistani investment bonds (GDP), treasury bills to partially repay the previous debt and partly to finance its projects. The breakdown suggests that the finance ministry …

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Banking system: managed economies against capitalist states

The banking sector is one of the most critical aspects of a country’s economy, despite their preferred economic systems. Banks play a vital role in an economy by facilitating the allocation of funds from savers to borrowers. Banks accept deposits from their customers which they then use to provide financial …

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Afghanistan dispatches: “commercial banks run out of US dollars” – JURIST – News

EXCLUSIVE JURIST – Law students and lawyers in Afghanistan file reports with JURIST on the situation there after the fall of Kabul to the Taliban. Here, a lawyer from Kabul with experience in the country’s financial sector presents his observations and perspective on the circumstances facing the country’s banks and …

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Are vaccines the new age global currency in 2021

Researchers around the world have been working at an unprecedented rate to advance more than 100 vaccine candidates after the depth and scale of the COVID-19 pandemic was finally revealed. However, most of the infrastructure and funds necessary for the research, production and distribution of effective vaccine candidates have been …

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Cal Bank offers lowest interest rate among commercial banks in Ghana

“The rates represent the average of all interest rates applicable to all loan products for borrowers, as reported by the respective universal banks to the Bank of Ghana,” the BoG document notes. The BoG document revealed that CalBank’s lending rate at the end of July 2021 was 15.97%. Guaranty Trust …

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Columbia Banking System, (COLB) down 0.72% for September 1

Last prize $ Last trade Switch $ Percentage of change % Open $ Previous Close $ High $ moo $ 52 weeks high $ 52 weeks low $ Market capitalization P / E ratio Volume To exchange COLB – Market data and news To exchange Columbia Banking System, Inc. (NASDAQ: …

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