HSBC resorts to cost-cutting measures affecting up to 10,000 jobs
The move is under the leadership of interim CEO Noel Quinn...
Tag : banking
2020: Online payments grow by 76% in Vietnam
Total transaction value increased by 124%...
ADIB: First Islamic bank to complete digital trade finance transaction
Abu Dhabi Islamic Bank completed the transaction with the help of TradeAssets, a blockchain-based trade finance emarket...
Covid-19 results in digital banking growth in the Philippines
UnionBank recorded a 160% rise in daily sign-ups on its online banking portals...
Deutsche Bank launches asset allocation ETF-based fund in Europe
The fund will provide clients with cost-effective long-term investment portfolios...
People’s Bank of China raises stake in India’s HDFC
The bank raised its stake to 1.01% from 0.8%...
Singapore banks to freeze mortgage, defer SME loan payments
Banks can defer both principal and interest payments for mortgages through December 31...
Egypt urges domestic banks to set limit on daily withdrawal and deposits
The new limit would allow individuals to withdraw 10,000 Egyptian pounds and companies 50,000 pounds...
China injects $7.1 bn into its banking system, cuts interest rates
The central bank reduced the interest rate on 7-day reverse repurchase agreements to 2.2% from 2.4%...
UAE banks provide 98% of services digitally amid coronavirus outbreak
A study also revealed that digital banking users significantly increased to 90%...