Big Banks See Challenges, Opportunities In Central Bank Digital Currencies

Big Banks See Challenges, Opportunities In Central Bank Digital Currencies

The impact of CBDCs on traditional banks is far from certain, as some observers hint at disintermediation in the offing. Opportunities may also be in the wings.

Big banks on defense after Fed sides with retailers on debit swipe fees

A Federal Reserve proposal that would require banks to give merchants more choices in routing certain debit transactions could be a prelude to a more consequential change: A lower cap on interchange ...

Factbox-Global big banks plot back-to-office plans as vaccines roll out

The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling COVID-19 cases in major financial hubs, after sending most employees home early ...

Big bank increases mortgage rate

NAB and Macquarie have joined 15 other lenders in increasing mortgage rates for four and five year fixed rates.

Major U.S. banks will issue credit cards to people with no credit scores as early as this year

Some of the largest U.S. banks plan to start sharing data on customers’ deposit accounts as part of a government-backed initiative to extend credit to ...

What do the CEOs of the Big Four banks think of the Federal Budget?

The Federal Budget has been on the lips of most Australians today, and the top dogs of Australia's Big Four banks have been no different.

Should you consider no-fee online banks as a way to minimize bank fees?

Banking experts say switching to a no-fee institution or minimizing your fees with your current bank can be a good way to save a larger sum of money every year ...

Weak bank lending may force BSP to keep interest rates low

THINK TANK Fitch Solutions said they see the Bangko Sentral ng Pilipinas (BSP) keeping benchmark interest rates at their current record lows this year to drive economic recovery, and may have to wait ...

GRM Exclusive: Ms Banks discusses her journey thus far, being on the Forbes list & New Music

We Catch up with Ms Banks to discuss her journey thus far, getting on the Forbes list and when we can expect new music.

Sanjeev Gupta’s Wyelands Bank teeters under weight of bad debt

Wyelands Bank, owned by British industrialist Sanjeev Gupta, is to be sold or wound-up after its accounts revealed that repayments on 80 per cent of its loan book were overdue. The extent of bad debt ...

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