Latest news and articles about banks from NEX English
Hong Kong banks announced new measures to tighten oversight on clients from mainland China seeking to open savings and investment accounts. This move has sparked varied reactions among investors, particularly from those looking to diversify their portfolios globally.
The Russian government has announced a new law permitting employees of the Central Bank and Sberbank to carry weapons. This move aims to enhance security amid increasing threats from Ukrainian drones, coinciding with heightened tensions in the Russia-Ukraine conflict.
Spanish banks, including Santander and BBVA, have denied financial guarantees to candidate Riquelme for the upcoming Real Madrid elections. Despite this setback, Riquelme has secured support from foreign banks, allowing him to challenge current president Florentino Pérez.
Jamie Dimon, CEO of JP Morgan, revealed that the bank expects to spend up to <strong>$20 billion</strong> on acquisitions over the next two years. This announcement comes as the bank seeks to capitalize on available market opportunities.
China has instructed its banks to suspend loans to US refineries listed under sanctions. This decision reflects Beijing's response to US policies targeting its companies.
Reports indicate that the Chinese financial authority has advised the country's largest banks to suspend new loans to five oil refineries sanctioned by the United States due to their ties to Iranian oil. This decision comes at a sensitive time for economic relations between China and the US.
Saudi stocks have dropped to their lowest levels in a month, influenced by pressures from the banking and basic materials sectors. This decline reflects challenges facing the financial market amid economic fluctuations.
Commercial banks in Libya have begun distributing cash dollars to citizens, marking a long-awaited move after more than 12 years. The process has seen significant demand from the public since the early hours of the day.
The dollar price showed notable stability in Egyptian banks at the end of transactions on Sunday, May 3, 2026, reflecting a balance in the financial market amidst ongoing economic challenges. This stability comes after a series of fluctuations in exchange rates over recent months.
Amr Suleiman emphasized the vital role of the 'Akhbar Al-Youm' platform in correcting misconceptions about the real estate market in Egypt. He highlighted that citizens, legislation, and banks are key to stabilizing this sector.
A Dubai court has sentenced a gang involved in stealing <strong>10 million dirhams</strong> from bank customers. The sophisticated operation has raised significant concerns about banking security in the UAE.
Banking groups have stated that the Federal Reserve's proposals to ease capital requirements are a positive step, but they need further improvements to avoid risk assessments that could hinder banks' ability to increase lending.
A recent report reveals a significant gap between banks' adoption of artificial intelligence technologies and regulators' limited ability to monitor associated risks. Published on April 28, the report emphasizes the need for improved oversight mechanisms to keep pace with rapid developments.
Recent surveys from the European Central Bank indicate a significant rise in inflation expectations, with one-year forecasts jumping to <strong>4%</strong>. Concurrently, banks have tightened lending standards more than anticipated.
Mohamed El-Etrebi, head of the Arab Banking Federation, announced that Egypt has achieved significant milestones in financial inclusion, reaching a rate of 76.6%. Mobile wallet transactions are expected to reach 4 trillion pounds by 2025.
The Saudi financial market index 'TASI' experienced a significant decline last week, marking the highest weekly drop in two years, influenced by pressures on bank stocks. This downturn reflects investor concerns regarding the financial performance of banks amid current economic conditions.
The Saudi financial market index, TASI, has experienced a continuous decline over the past few days, marking its longest drop in seven months due to pressures on bank stocks. This downturn raises concerns about the future of the market amid these conditions.
Andrea Orcel, CEO of Unicredit, revealed details of his attempt to acquire Commerzbank, where the Italian bank holds nearly 30% of its shares. This move follows over 18 months of negotiations that have been rejected by Commerzbank's leadership.
Commerzbank, the German banking group, has officially rejected an acquisition offer from its Italian competitor UniCredit, citing a lack of value and undermining trust between the two parties. This decision comes amid significant volatility in European financial markets.
U.S. Treasury Secretary Scott Biesen and Federal Reserve Chair Jerome Powell convened an emergency meeting with top bank executives to address cybersecurity risks posed by the AI model 'Claude Mythos'. This model is considered a potential threat to global financial infrastructure.
U.S. Treasury Secretary Scott Bisent and Federal Reserve Chair Jerome Powell held an emergency meeting with Wall Street leaders in Washington. This meeting was prompted by growing concerns over the cybersecurity threats posed by the new AI model known as 'Mythos'.
The Monetary Authority of Singapore (MAS) has announced its collaboration with banks to improve the protection system of the GIRO direct debit service following issues of double deductions faced by parents. This initiative comes after the closure of several student care centers, raising widespread concern among families.
Citigroup has announced the use of artificial intelligence to expedite account opening processes and update legacy systems, aiming to enhance productivity. This move comes as American banks adopt new technologies to improve efficiency and reduce costs.
White House economists have stated that banning cryptocurrency companies from offering rewards on stablecoins will not significantly affect local banks. This assertion comes in a report released on Wednesday, highlighting the increasing conflict between the digital currency sector and traditional banks.
Authorities have announced their collaboration with banks to review the protection procedures of the GIRO system following issues faced by parents regarding unjustified deductions after the closure of a student care chain. This comes at a critical time as many parents seek to recover incorrectly deducted funds.
The price of the US dollar has seen a notable increase at the end of bank transactions on Tuesday, April 7, 2026, reaching new levels that capture market attention. This rise comes at a sensitive time for the local economy.
Wall Street banks have announced a financing deal worth <strong>€750 million</strong>, equivalent to <strong>$867 million</strong>, to support a transaction valued at approximately <strong>€1.5 billion</strong> between <strong>Eat Happy</strong> and sushi suppliers <strong>Hana Group SAS</strong> in Europe. This move aims to enhance collaboration between Asian and European companies in the food sector.
Good Friday, observed on April 3rd, is a significant religious occasion for Christians worldwide. While not a federal holiday in the U.S., many markets and banks will close, affecting financial transactions.
The People's Bank of China has announced the addition of 12 new banks as operators of the digital yuan, aiming to enhance the use of this digital currency in financial transactions. This move is part of China's efforts to expand the digital yuan's reach and strengthen its position in the global financial system.
The Central Bank announced that excess liquidity in banks reached approximately <strong>5 billion dinars</strong>, reflecting the stability of the financial system in the country. This excess liquidity indicates banks' ability to meet customer needs and enhance economic activity.