Monthly Archives: November 2022

BOJ and Japanese Commercial Banks to Test Digital Currency Payments

Newfrom Japan Political economics November 23, 2022 23:15 (JST) Tokyo, Nov. 23 (Jiji Press) — The Bank of Japan and Japanese commercial banks will jointly test central bank digital currency payments, starting in the spring of next year, sources familiar with the matter said on Wednesday. The test will involve …

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Shareholders outraged at AMCON’s ‘excessive levies’ on commercial banks | The Guardian Nigeria News

Seemingly upset by levies imposed on commercial banks to prop up the Asset Management Corporation of Nigeria (AMCON) and falling investment returns, shareholders have urged the federal government to tighten the noose on debtors and urgently release banks from AMCON’s operational burden. Shareholders under the umbrella of the Independent Association …

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Malaysian currency and stocks down after inconclusive election – Markets

SINGAPORE (Reuters) – Malaysia’s stock market and ringgit currency weakened in early trading on Monday, after a national election over the weekend resulted in the first suspended parliament in the country’s history. , leaving rival parties to rush to find coalition partners. The ringgit fell nearly 0.8% against the greenback, …

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BRI Projects and Programs: Growing Sino-Thai Bilateral Currency Exchange Boosts Investments

Sino-Thai financial cooperation, especially in bilateral currency exchanges, has reduced transaction costs and facilitated trade and investment. In January 2021, the central banks of China and Thailand renewed a bilateral currency swap agreement. The statement from the People’s Bank of China (PBOC) says the swap line has a size of …

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Finance committee asks SBP for final implementation report on dollar manipulation by commercial banks

Islamabad: The National Assembly’s Standing Committee on Finance met yesterday to express concern over the slow pace of investigation by the State Bank of Pakistan (SBP) into the manipulation of the dollar by commercial banks and the realization windfall profits. He called for the final implementation report to be ready …

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Crypto and Digital Currency in the Caribbean Market: What You Need to Know – Island Origins Magazine

Think of cryptocurrency, and some associations may appear? arcane tech jargon, lucky buyers becoming millionaires overnight, or massive losses due to sudden swings in the Bitcoin market. Few people think of the Caribbean and the wider diaspora. And yet, the region is witnessing a rise in the crypto space, providing …

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Supervision of financial business groups of commercial banks that operate businesses and transact digital assets

Digital Asset plays an important role in contributing to the development of innovative financial services that benefit consumers and the economy as a whole. However, digital assets are exposed to risks in many forms, especially in cases where consumers have insufficient understanding of digital assets, and are also at risk …

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Gov Buni instructs commercial banks to open more branches

As the deadline for the take-off of new currencies by the Central Bank of Nigeria (CBN) approaches, the Governor of Yobe State, Hon Mai Mala Buni has called on commercial banks operating in the state to open more branches with a view to improving the plight of people living in …

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Qatar’s high-tech banking system looks capable of absorbing the pressure during the World Cup

The FIFA World Cup Qatar 2022 provides an excellent opportunity to further promote the digital transformation of the state banking system and build on the achievements made during the period of the Covid-19 pandemic, which marked a major change in the field of digital banking services, in favor of the …

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Iranian exchange rate for November 13

BAKU, Azerbaijan, November 13. The Central Bank of Iran (CBI) announced an official foreign exchange rate on Nov. 13, Trend reports referring to the CBI. According to the Central Bank of Iran’s exchange rate, 16 currencies rose and 18 fell in price, compared to November 12. According to CBI, 1 …

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Becton Dickinson’s Guidance Tracks for Wall Street’s FY23 Reflect Foreign Currency Impact

Becton Dickinson and Co. (NYSE: BDX) reported revenue of $4.76 billion in the fourth quarter of FY22, down 1.8% year on year (up 2.3% on a currency-neutral basis) , slightly better than the consensus of $4.72 billion. Revenue was driven by base revenue growth of 4.2% as reported, 8.6% excluding …

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Govt to establish ‘interest-free’ Islamic banking system, says Dar

The federal government announced on Wednesday that it would move forward to establish an interest-free Islamic banking system and withdraw appeals filed against it in Pakistan’s Supreme Court in the coming days. This was announced by Federal Finance Minister Ishaq Dar on Wednesday. He said appeals filed by the State …

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Nokian’s profits fall 76% despite favorable currency winds

Volumes fall but exchange rates support overall sales Nokia, Finland – Nokian Tires plc continued to feel the impact of the war in Russia on its third quarter performance, despite positive currency effects in the three months to the end of September. The Finnish manufacturer announced a 76% drop in …

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Thico scam draws attention of Currency Board, abuse of banking system under scrutiny – The Island

One of the alleged masterminds had been part of Prez’s delegation to Libya in 2009 By Shamindra Ferdinando Finance Ministry Secretary Mahinda Siriwardena said yesterday (07) that the ongoing investigation into Thico’s alleged scam had caught the attention of the Central Bank and the Monetary Council. Siriwardena, one of the …

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FIRS appoints MTN, Airtel, commercial banks VAT collectors – Businessamlive

By Chisom Nwatu Telecom giants, MTN and Airtel, and commercial/depository banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies which are made to them, and hand them over. at the agency. The FIRS made this …

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COLUMBIA BANKING SYSTEM ANNOUNCES AGREEMENT TO SELL THREE BRANCHES IN NORTHERN CALIFORNIA TO FIRST NORTHERN BANK

Branches are divested to meet US Department of Justice (DOJ) requirements for Columbia Ongoing merger with Umpqua TACOMA, Wash. and DIXON, Calif., November 7, 2022 /PRNewswire/ — Columbia Banking System, Inc. (NASDAQ: COLB) (“Colombia“), the parent company of Columbia Bank, today announced that Columbia Bank has entered into a definitive …

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Central bank of Vietnam ready to provide liquidity to the banking system – Business & Finance

HANOI: Vietnam’s central bank is ready to provide liquidity to the local banking system, Governor Nguyen Thi Hong said on Sunday, as lenders come under pressure from rising interest rates and tighter credit conditions. Hong confirmed that the central bank held emergency meetings over the week with commercial banks to …

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Cryptocurrency Mining Hardware Market Is Booming Worldwide |

Cryptocurrency mining hardware market Advance Market Analytics has published a new research publication on “Crypto Currency Mining Hardware Market Insights, to 2027” with 232 pages and enriched with self-explained tables and graphs in a presentable format. In the study, you will find new evolving trends, drivers, restraints, and opportunities generated …

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The law should be revised to improve the security of the banking system

VIETNAM, November 4 – HÀ NỘI — The State Bank of Vietnam (SBV) plans to add many new regulations, including those related to cross-ownership, in the upcoming amended Credit Institutions Law to improve system security banking. In a report of the SBV reviewing and studying the law on credit institutions …

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Currency in circulation drops during Diwali week for first time in 20 years: SBI report

A drop in currency in circulation during the Diwali week is representative of a structural transformation in the economy, according to a research note from the State Bank of India. Currency in circulation shrank on a weekly basis during Diwali week for the first time in 20 years, according to …

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JUST IN: Fintechs May Crash Commercial Banks – CBN Sounds the Alarm

Central Bank of Nigeria The Central Bank of Nigeria (CBN) has sounded the alarm that financial technology initiatives or companies commonly known as FinTechs will soon start outperforming traditional banks and could lead to the bankruptcy of the latter. CBN Governor Godwin Emefiele sounded the alarm on Wednesday in Abuja …

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The safest commercial banks in the world 2022

The success of this year’s 50 safest commercial banks is based on diversified businesses and newly imagined products. The resilience of the institutions represented in this year’s ranking of the safest commercial banks will again be tested as the global economic outlook deteriorates. These commercial banks derive …

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2022-11-02 | NDAQ:COLB | Press release

Veteran banker Ryan Summers will provide commercial banking services across the spectrum, from small businesses to middle-market businesses PHOENIX, November 2, 2022 /PRNewswire/ — Columbia Bank (“Colombia“), the wholly-owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB), today announced the expansion of its commercial lending division to Arizona with veteran …

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Commercial banks are letting their elderly customers down, foundation warns

Commercial banks are failing older customers with their shift to technology-driven services, a community NGO has warned, as growing numbers of older people are becoming essentially unbanked. The St Jean Antide Foundation on Wednesday listed a number of issues older people face when trying to access modern banking services – …

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