Bank insurance

Dollar Bank ($11.5 billion in assets) hires Insuritas to expand Dollar Bank’s insurance agency

Dollar Bank Insurance Agency (DBIA), will offer a full range of insurance products, including auto, home, tenants and commercial insurance products… Our goal is to connect Dollar Bank customers to the insurance products they need, when they need them…” — Donna Jermer, Director of Marketing at Insuritas EAST WINDSOR, CT, USA, Feb. 16, 2022 /EINPresswire.com/ […]

Bank loan

Why no action against the Essel group for defaulting on a bank loan: the congress at the center

Congress asked why an administrator was not appointed for the Essel group. (To file) New Delhi: Congress alleged on Friday that there was a connection between the Center and its “corporate friends”, and questioned why no action had been taken against the promoters of Dish TV Essel Group, which had not reimbursed the loans to […]

Bank insurance

Chinese central bank insurance authorities encourage mergers and acquisitions of real estate projects

The photo taken on May 16, 2016 shows a real estate project in Hangzhou, capital of east China’s Zhejiang Province. Photo: Xinhua The People’s Bank of China (PBC) and the China Insurance Regulatory Commission (CIRC) have issued a notice encouraging banking and financial institutions to provide financial support and services for mergers and acquisitions of […]

Bank service

DBS suffers from a digital banking service problem; MAS plans to take surveillance measures

DBS Country Head Shee Tse Koon apologized for the disruption. DBS’s online banking services suffered disruption for two days, prompting the Monetary Authority of Singapore (MAS) to consider taking supervisory action on the bank. DBS digital banking users have reported issues accessing their online accounts. DBS Singapore Director Shee Tse Koon apologized in a video […]

Bank loan

Lamprell Secures $ 45 Million Bank Loan to Create Jack-Up Duo | Rigzone

Construction specialist Lamprell signed a $ 45 million revolving commercial credit facility to cover the costs of building two IMI jack-up platforms. Lamprell said he secured funding for the continued construction of these two platforms earlier this month. He added that he had signed a $ 45 million revolving commercial loan facility with First Abu […]

Bank loan

Flexible approach to bank loan restructuring encouraged

Lawrence Agcaoili – The Filipino Star October 25, 2021 | 00h00 MANILA, Philippines – Banks and financial institutions are urged to take a more flexible approach in restructuring loans from borrowers severely affected by the pandemic, according to Bangko Sentral ng Pilipinas. PASB Deputy Governor Chuchi Fonacier said the Monetary Board, through Resolution 1401, approved […]

Bank security

Bad Bank security receipts to secure Center support 30,600 crore

The government will provide a 30,600 crore yen guarantee for security receipts () issued by the proposed bad bank, Finance Minister Nirmala Sitharaman said on Thursday, announcing cabinet approval of the plan. The National Asset Reconstruction Co. Ltd (NARCL) is being established as a bad bank to take over non-performing assets, allowing banks to focus […]

Bank insurance

Buyers interested in integrated bank insurance

PYMNTS June 2021 Embedded Insurance Report: Leising Transaction Data to Expand Coverage in a Digital-First Market, produced in collaboration with Cover Genius, asks a critically important question at a pivotal time in the growth of contextual commerce: “What are the best ways to reach potential insurance customers in this unprecedented digital shift, and which institutions […]

Bank loan

Snapshot: regulation of bank credit facilities in Cyprus

Regulation Capital and liquidity requirements Describe the impact of capital and liquidity requirements on the structure of bank lending facilities, including the availability of related facilities. Cyprus has implemented the Basel III liquidity requirements with regard to the liquidity coverage ratio, as specified in Regulation (EU) 575/2013, which is directly applicable to Cyprus. Regulation (EU) […]

Bank loan

Snapshot: Regulation of bank credit facilities in the United States

Regulation Equity and liquidity requirements Describe how capital and liquidity requirements affect the structure of bank loan facilities, including the availability of related facilities. Due to the capital requirements imposed on U.S. banks by the Basel III guidelines with respect to confirming letters of credit and maintaining swingline loan commitments, U.S. banks are facing internal […]

Bank loan

PH secures $ 400 million loan from World Bank for financial sector reforms

The $ 400 million Development Policy Loan (DPL) to the Philippines that the World Bank just approved will make the country’s financial sector resilient to shocks as the economy recovers from the pandemic-induced crisis, said the Washington-based lender. The rapid-disbursement financing of the development policy of the financial sector reform, which the Board of Directors […]

Bank insurance

Representatives Approve Bill Requiring Bank, Insurance and Pension Workers to Report Assets

Leke Baiyewu, Abuja Posted June 10, 2021 The House of Representatives passed a bill on second reading to force workers in the banking, insurance and pension sectors to declare their assets. The proposed law will also prohibit staff members of banks and other financial institutions from managing accounts off the coast of Nigeria. Their spouses […]

Bank loan

Nordic bank loan loss reversals likely amid a promising outlook, but an uncertain timing

Amid an improving economic outlook in the Nordic countries, the region’s largest banks are well placed in 2021 to write off some of the pandemic loan loss provisions taken in 2020, analysts say, although some lenders may consider a more cautious approach. The first quarter results showed a promising development in loan losses at the […]

Bank security

FBI Warns of Spear Phishing on Behalf of Truist Bank

The FBI issued a warning that threat actors began masquerading as Trusit, one of America’s largest bank holding companies. According to the investigation agency, malicious actors are using this spear phishing campaign to infect victims with Remote Access Trojan (RAT) malware. A Beeping computer The article mentions that according to the FBI, the threat actors […]

Bank loan

China Bank Lending Growth Expected To Slow Further Due To Reduced Stimulus And Credit Restrictions

Chinese banks are expected to see credit growth continue to slow in 2021, as the government steps up measures to curb mortgages and consumer lending and may at some point start to slow COVID-19 stimulus measures, analysts say. Total outstanding loans in yuan with Chinese financial institutions reached a new record of 172.7 trillion yuan […]

Bank security

The pandemic is straining the security systems of already vulnerable Latin American banks

The global dislocation caused by the coronavirus pandemic has led to a substantial increase in attempted cyberattacks, raising concerns for financial institutions in Latin America, which have been among the most susceptible to such attacks. Big banks in Latin America are already seeing a surge in phishing and other related attacks, according to the region’s […]

Bank loan

Millions of bank loan and mortgage documents leaked online – TechCrunch

One more mine More than 24 million financial and banking documents, representing tens of thousands of loans and mortgages from some of the largest banks in the United States, have been found online after a server security failure. The server, running an Elasticsearch database, contained more than a decade of data, containing loan and mortgage […]

Bank security

Matrix Integration Aligns With IT Company To Increase Bank Security Services

Matrix Integration and Infotex team members pose together at the recent Indiana Bankers Association conference. Photo provided by Matrix Integration Two Indiana-based information technology (IT) companies expanding into the Indianapolis market have announced a strategic alignment to help financial organizations better defend their data. Matrix Integration, LLC (Matrix), specializing in infrastructure, and Infotex, specializing in […]