Tagged with: banks debt Islamic Practice 3 mins ago 22 mins ago 1 hour ago Your email address will not be published. Required fields are marked * Comment Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email. This site uses[Read More…]

Credit quality is deteriorating in Canada, and banks are feeling the impact. Toronto-Dominion Bank and Canadian Imperial Bank of Canada both reported fiscal first-quarter results that included higher provisions for loan losses, contributing to earnings that missed analysts’ estimates. Toronto-Dominion, Canada’s second-largest lender by assets, set aside $ 850 million[Read More…]

Prospects of the launch of a new online-only bank in South Korea were dampened this week, as major information and communication technology companies retracted their intentions to enter the banking business. Naver and Interpark — two major Korean ICT firms widely expected to participate — each recently confirmed they will[Read More…]

Since its creation in 2011, the Consumer Financial Protection Bureau (CFPB) has returned nearly $ 12.5 billion to more than 31 million U.S. consumers. When former South Carolina Congressman Mick Mulvaney became acting head of the agency in November 2017, he said that the CFPB would no longer be taking[Read More…]

Government backbencher Kieran McAnulty has jumped the queue in trying to impose a code of conduct on banks with a private members’ bill lodged just before Parliament’s seven-week summer break. The Labour MP and junior whip lodged the bill on December 18. It would requir… Banking Industry News