The Central Bank of Nigeria issued a security advisory with guidelines on how to protect themselves and their families following a letter to staff from the Department of Security Services. The letter with the subject “Security Advisory” written to CBN staff, dated April 28, 2021, was from the Director of the Security Services Department with […]
Month: April 2021
Bank insurance system to protect up to $ 100,000 of each depositor’s funds
A bank insurance system to protect depositors’ funds in the event of bank failure is put in place. The plan doubles the proposed coverage limit to $ 100,000 for each depositor at an approved bank. Photo: 123rf The program, first offered two years ago, will have a limit of $ 100,000 for each depositor in […]
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Search mutual fund quotes, news, net asset values HDFC Bank INE040A01034, HDFCBANK, 500180 TataTeleservice INE517B01013, TTML, 532371 Mother-son Sumi INE775A01035, MOTHERSUMI, 517334 Suzlon Energy INE040H01021, SUZLON, 532667 CDS INE467B01029, SDC, 532540 Search mutual fund quotes, news, net asset values HDFC Bank INE040A01034, HDFCBANK, 500180 TataTeleservice INE517B01013, TTML, 532371 Mother-son Sumi INE775A01035, MOTHERSUMI, 517334 Suzlon Energy […]
Increase in illegal real estate financed by bank loans in China worries regulators
Speculators fuel soaring house prices in major Chinese cities since last year Some speculators finance their purchases with bank loans for professional use Policymakers fear embezzlement crowds out business credit BEIJING, April 16 (Reuters) – Real estate purchases in China funded by bank loans fraudulently obtained by speculators are fueling already boiling real estate markets […]
Customer receives $ 3,000 compensation for poor banking service
A customer who was compensated $ 3,000 for the way his bank handled his financial difficulties was among more than 10,000 who complained about the service they received last year. The Bank Ombudsman Program operates an industry dashboard, tracking data from all banks. Part of the complaints, which cannot be resolved directly by the bank […]
Bank Insurance & Securities Association (BISA) Announces Second Year of Veronica Rink as Director
BISA’s board of directors is made up of industry veterans, like Rink, who run their respective companies. Rink’s experience at BBVA brings to the board a regulatory operating model in the best interest, including a new generation of technology, product, segmentation and customer experience initiatives. She worked within the BBVA organization to develop a holistic […]
USI Insurance Services acquires insurance business from Northwest Bank
A wholly owned subsidiary of Northwest Bank, Northwest Insurance Services provides property and casualty, life, disability and long-term care insurance, as well as group health, life and disability benefits. “We are very pleased to have reached a definitive agreement with USI,” said Ron Seiffert, President and CEO of Northwest Bank. “USI is a well-managed national […]
Bank Loan Default Event: CBI Book Manager, Golden Jubilee Hotels CEO
The CBI booked Arjun Singh Oberoi, director of Golden Jubilee Hotels, as well as its CEO and managing director Laxmi Narayan Sharma, in connection with an alleged fraud in connection with a default of more than Rs 1,285 crore in a consortium of seven banks led by the Bank of Baroda, officials said Thursday. The […]