Latest News for: Banking stability


Contract awarded for Mississippi River bank stabilization near Fountain City

Marietta Daily Journal 02 Dec 2023
Dec. 1—A $347,400 contract has been awarded to an Inver Grove Heights company for bank stabilization at Wilds Bend near Fountain City in Pool 5 of the Mississippi River, according to a press release from the U.S. Army Corps of ... .

CBN to Freeze Bank Accounts without BVN, NIN from March 2024

This Day 02 Dec 2023
The apex bank noted that henceforth, all existing customer accounts or wallets for individuals with validated BVN shall be profiled in the NIBSS ... The central bank said the development was part of its effort in promoting financial system stability by strengthening the Know Your Customer (KYC) procedures in financial institutions under its purview.

Mark Bennett: In case we missed it, Wabash riverfront is improving; more changes on way

Cleburne Times-Review 02 Dec 2023
Enhancements along the Wabash River banks in Terre Haute and Vigo County are in the same situation ... Seawalls secure the banks of a waterway ... Owensboro $40 million in federal transportation funds to stabilize its Ohio River bank and revitalize its Smothers Park, the Owensboro Messenger-Inquirer reported in 2016.

Lenders pledge support to developers

China Daily 01 Dec 2023
A number of major Chinese commercial banks have voiced support in recent meetings for the reasonable financing needs of real estate enterprises, which is a positive signal for the further stabilization of the housing market, officials and experts said on Thursday.

The dollar rose against the peso at the close on November 30

The Cleveland American 01 Dec 2023
Referring to last week’s volatility, it is lower than the numbers it achieved last year (9.85%), so we can say that it is going through a period of greater stability recently ... Despite the potential negative externalities, analysts highlight the importance of this Spending and fiscal policies In order to stabilize the economy.

DPC starts reimbursing defunct SME banks’ depositors

The News International 01 Dec 2023
The Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan (SBP), has initiated reimbursements to depositors of the defunct SME Bank, aiming to protect depositor interests and maintain financial system stability, DPC's annual report showed on Friday.

Building a better river: Rico Diversion project improves fish passage and bank stability (TU - Trout Unlimited Inc)

Public Technologies 01 Dec 2023
ETNA, WYOMING - Trout Unlimited is on the brink of completing the Rico Diversion Fish Passage and Stabilization Project, aimed at stabilizing river banks and enhancing fish passage for Snake River Cutthroat Trout on the Salt River near Etna, Wyoming as well as serving as a model for other conservation-minded private landowners.

S&P Global revises Türkiye's outlook to positive from stable

Anadolu Agency 01 Dec 2023
The bank has increased its policy ... Recent dollar weakness, and a stabilization of US interest rates have also reopened a window for some Turkish corporates, banks, as well as the sovereign, to issue external commercial debt."

RBI, Bank of England sign MoU on co-operation and information exchange related to CCIL

Business Line 01 Dec 2023
The MoU establishes a framework for the BoE to place reliance on the RBI’s regulatory and supervisory activities while safeguarding UK financial stability, per a central bank statement.

Central bank adjusts credit limits among banks due to uneven credit growth

Vietnam News 01 Dec 2023
"The central bank must carry out a comprehensive evaluation of the results of credit granting for the entire economy to apply timely and efficient measures that are feasible and will ensure adequate capital for the economy's safety and the stability of the banking system," said the PM.

Ukraine's central bank to remove foreign currency cash sale limits - governor

Reuters 01 Dec 2023
KYIV, Dec 1 (Reuters) - Ukraine's central bank will remove limits on banks' sale of foreign cash currency and soften several other restrictions from Friday, Governor Andriy Pyshnyi said ... The central bank chief also announced the loosening of restrictions for Ukrainians to send money abroad for healthcare and education purposes.

Binance Executes Triparty Agreement to Help Institutional Players Manager Counterparty Risks

Coinspeaker 01 Dec 2023
Collateral, in the form of yielding assets like Treasury Bills, can be securely held with the banking partner, adding an extra layer of stability to the arrangement ... Our team, of crypto natives and traditional finance professionals, has been exploring a banking triparty agreement for more than a year to address their concern.

Gold Forecast – Prices Could Soon Signal a Historic Breakout

FX Empire 01 Dec 2023
Banks Stocks vs ... Major US banks, according to Moody’s, are grappling with over $650 billion in unrealized losses ... While the FDIC assures that banks remain well-capitalized, concerns arise as the utilization of the Fed’s emergency funding facility hits a record high of $114 billion, prompting questions about the stability of the banking sector.

Swedish property firms should cut debt, raise equity, Riksbank chief says

Reuters 01 Dec 2023
Commercial property companies ramped up borrowing when rates were low and some are now struggling to pay off or roll-over debt after eight interest rate hikes by the central bank ... Swedish banks are among the best capitalised in Europe, but ... Around 64% of bank lending is related to property, which includes household mortgages, Moody's said.

The Role of Mobile Technology in Reshaping Bad Credit Finance 

Technology Org 01 Dec 2023
Traditional banking methods are evolving into digital platforms, enhancing accessibility and convenience. This shift is reshaping not just how we bank but also how we manage our financial health ... Regulation is a crucial aspect of the financial landscape, affecting both traditional banking and digital financial services.