Palpable tension engulfed parts of Ado-Ekiti, the Ekiti state capital after unknown gunmen suspected to be armed robbers killed a middle aged motorist identified simply as Mr. Olasunkanmi Joseph. According to Punch, the masked assailants were said to have caught up with the man in his car around the …
Read More »Access Bank to reward Customers with Cash prizes in DiamondXtra Digital campaign
In a bid to support Go digital drive and encourage customers to save and transact digitally, leading retail bank in Nigeria, Access Bank has announced to reward customers who open their DiamondXtra Digital accounts with cash prizes. According to the Bank, the campaign is designed to deliver on its …
Read More »Eight great trips for the long bank holiday weekends
Easter (7-10 April) Culture in HullFor a last-minute Easter getaway, a city break offers more choice and less chance of places being booked up. The UK’s 2017 City of Culture, Hull is an interesting, multifaceted destination. There are leaflets of trails at the tourist kiosk at the railway station for …
Read More »Deutsche Bank is no Credit Suisse, despite investors’ fears | Nils Pratley
It’s rarely a good sign when politicians, in the middle of a crash in the share price of their country’s biggest financial institution, declare there’s nothing to worry about. Such remarks often just feed a sense of panic. The German chancellor, Olaf Scholz, would have been better advised to say …
Read More »A Big Question for the Fed: What Went Wrong With Bank Oversight?
WASHINGTON — Jerome H. Powell is likely to face more than the typical questions about the Federal Reserve’s latest interest rate decision on Wednesday. The central bank chair will almost certainly be grilled about how and why his institution failed to stop problems at Silicon Valley Bank before it was …
Read More »‘My bank did not stop £6,500 payment to holiday scammers despite my pleas’
A woman scammed out of £6,500 while trying to book a Greek holiday villa has described begging her bank to halt the money transfer she had made to the fraudsters, only to be told by staff that there was nothing they could do. Londoner Sarah Graham* says that, looking back …
Read More »Yellen seeks to reassure US legislators after bank collapse
Treasury chief tells lawmakers that customers ‘can feel confident that their deposits will be there when they need them’. United States Treasury Secretary Janet Yellen has sought to reassure legislators – and US citizens – that the country’s banking system remains “sound” in the wake of the second largest bank …
Read More »Kevin McCarthy To Blame Biden For Bank Failure He Helped Cause
Speaker of the House Kevin McCarthy plans to blame President Biden for the Silicon Valley Bank failure, even though he pushed hard for the 2018 deregulation. Punchbowl News reported:The House GOP conference held a private call to debrief with Speaker Kevin McCarthy, House Financial Services Committee Chair Patrick McHenry (R-N.C.) …
Read More »Will Taxpayers Be On The Hook For Bank Bailouts?
By Casey Harper (The Center Square) President Joe Biden on Monday promised that taxpayers would not be on the hook to bail out banks that collapsed in recent days, a claim disputed by a host of critics. The federal government decided to take over and back up the banks, allowing depositors …
Read More »Trump Weakened Regulations Then Silicon Valley Bank Collapsed
Banking experts are pointing out that Silicon Valley Bank might have been able to handle interest rate pressures if Trump and congressional Republicans hadn’t rolled back Dodd-Frank banking regulations. The New York Times reported:Some banking experts on Friday pointed out that a bank as large as Silicon Valley Bank might …
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