Banking

SBP eases banking regulations to encourage real estate investment

Central bank amended its capital adequacy regulations by lowering the applicable risk weight to facilitate… Read More

Britain reviews core banking rules in light of Brexit

The review was called for by the finance ministry and the independent panel is chaired… Read More

Emergency cash calls, tech IPO frenzy push 2020 banker fees to record high

As the COVID-19 pandemic raged across the world, companies turned to their shareholders in droves… Read More

Chinese central bank to pump $173 bln into economy in virus fight

PBOC said in a statement it would launch a 1.2 trillion yuan reverse repurchase operation… Read More

Jack Ma, Grab eye opportunities in Singapore digital bank battle

Singapore is opening up its banking industry to digital lenders in a reform that could… Read More

‘Facebook’s Libra must obey anti-money laundering rules’

Facebook’s planned global ‘Libra’ cryptocurrency must respect anti-money laundering regulations and it must seek banking… Read More

Visa, Mastercard mull increasing fees for transactions

Visa Inc and Mastercard Inc, the two biggest US card networks, are preparing to raise… Read More

Bank of China operations will strengthen bilateral banking relations, says CM Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Friday said that Bank of China… Read More

Central bank grants Bank of China approval to start banking in Pakistan

ISLAMABAD: The State Bank of Pakistan (SBP) on Monday granted Bank of China Limited approval… Read More

Banks paid $321 billion in fines since financial crisis: BCG

BOSTON: Banks across the world have paid about $321 billion in fines since the 2007-2008… Read More

Fitch affirms Pakistan in B category with stable outlook

ISLAMABAD: Fitch Ratings has affirmed Pakistan's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at… Read More

Government launches $500 million in Islamic bonds

KARACHI: Government is set to launch $500 million in Islamic bonds to raise money for… Read More

Pakistan’s largest bank opens branch in China

Pakistan's Habib Bank Limited on Monday announced it had received a licence to open a… Read More

Iran pushes U.S. for more access to global financial system

DUBAI: Iran's main goal in its nuclear talks with world powers was to secure access… Read More

SAARCFINANCE can play key role in promoting close ties between states: Governor SBP

KARACHI: Governor State Bank of Pakistan Ashraf Mahmood Wathra on Friday expressed his optimism that… Read More

Pakistan approves $1.02 billion HBL divestment

KARACHI: Pakistan on Saturday approved divesting all of its state-owned shares in top private bank… Read More

Iran yet to receive $7.8 billion for oil sales

DUBAI: Iran has yet to receive $7.8 billion for crude oil sales made in recent… Read More

Fingerprint technology for mobile banking app launched in UK

LONDON:  Royal Bank of Scotland on Wednesday launched a new service for its RBS and NatWest customers enabling them… Read More

India turns to corner shops, mobile phones for banking revolution

NEW DELHI: India is betting that mobile phone vendors, fuel stations and corner stores can… Read More

Banking culture creates dishonest professionals

PARIS: A cesspool of fraud and lies in the banking industry has come to light… Read More