RBI to push for bank governance overhaul

RBI to push for bank governance overhaul

While it does not mention specific examples, several Indian banks have run into trouble in recent years. The RBI placed a major private sector bank, Yes
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Bank Indonesia cuts rate for the third time this year

Bank Indonesia cut the benchmark seven-day reverse repurchase rate by 25 basis points to 4.25%, in a move widely expected by market observers.
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Ultra-Cheap Mortgage Rates Set Off a Blast of Borrowing

Lenders say applications for mortgages were piling in last week while homebuyers and homeowners flocked to take advantage of mortgage rates that
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Current Mortgage Refinance Rates, June 18, 2020 | Rates tick higher

Several benchmark mortgage refinance rates rose today. Nationwide averages on 30-year fixed and 15-year fixed refinances both climbed higher.
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Namibia's central bank cuts rates to record low

Namibia's central bank has lowered its policy rate to its lowest-ever level, while re-introducing tough quarantine rules to protect its staff from Covid-19.
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Community Bank NA donates $15000 to The DREAM Program

“Nothing is more important than helping children feel empowered to recognize and achieve their dreams,” Community Bank Commercial Banking Officer
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Opportunity Zones Mostly Help Real Estate Developers: Report

The 2017 Republican tax package created an Opportunity Zone program that provides tax breaks for real estate developers in specially designated,
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Bank of England Is Already Easing Off Its Pandemic Response

The central bank now expects the U.K.'s gross domestic product to have fallen by 20% in the second quarter. That's not great, but it's better than the
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Beth Lawlor Joins US Bank as President, Private Wealth Management

In this role, Lawlor will be based in U.S. Bank's New York office. She will set the strategic direction and oversee all aspects of Wealth Management's
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Popular mobile banking apps are riddled with security flaws, and Android users are more at risk

A study of banking apps for iOS and Android found poor source code protection, cleartext storage of sensitive data, and other serious flaws that make it
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Lao People's Democratic Republic : Technical Assistance Report-Risk-Based Banking Supervision

A new commercial banking law became effective in June 2019. The law incorporates expectations that financial institutions establish appropriate risk
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Real estate agent warns of housing scams in the Piedmont Triad

One local real estate agent told FOX8 he had heard stories of people moving from a different city or state, pulling up to a home they think they just
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BV Financial to buy Delmarva Bancshares in merger of Maryland banks

Dive Insight: “This transaction marks another strategic acquisition for BayVanguard Bank as we continue to expand our footprint,” said David M. Flair, BV
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Syrian central bank devalues currency as new sanctions bite

The government information agency Sana announced that the central bank had lowered the Syrian pound's exchange rate from 704 against the dollar to
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Richland County real estate transfers: June 8-15

These real estate transactions were recorded in Richland County between June 8 and June 15. 108 Holiday Hill, Lexington; Alicia D. Yates to Meghan
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Going mobile: Online banking usage spikes during pandemic

With banks limiting contact between employees and their customers, the use of digital and mobile banking tools that the institutions have been
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Welcome to the Future – OCC to Examine Evolution of Digital Banking

The OCC is reviewing its regulations on bank digital activities to ensure the regulations continue to evolve with developments in the industry.
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Credit Sesame has acquired challenger bank Stack as it moves further into banking

Stack's employees will be integrated into Credit Sesame's workforce, and it will continue to offer its digital banking product and sell its white-label
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MSU places first in nationwide banking case study competition

Mississippi State University, along with 37 teams from 33 colleges and universities in 18 states studied the impact of the Bank Secrecy Act and Anti-
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Former Citi executive's AI platform identifies bias in banking

Marcia Tal, a 20-year banking veteran, says her new product uses a predictive model to identify prejudice within customer and employee complaints at
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