Banking & Savings

Bad loans crisis: A responsible lender must advise clients on saving, spending

By providing the ability to share valuable information with the community, local events offer the means to demonstrate that lenders understands consumer needs. From a lender’s point of view, responsible lending is to act in a customer’s best interests, ensuring affordability, transparency of terms and conditions and supporting a borrower if they experience repayment difficulties. Lenders have a responsibility to ...

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Bank project offers Palestinian women independence

A new bank program targets Palestinian women, offering them affordable accounts, credit cards and small-business and other types of loans. Image by Hugo Goodridge/Al-Monitor  Bank project offers Palestinian women independence Author: Entsar Abu Jahal Posted July 19, 2017 GAZA CITY, Gaza Strip — On July 5, the Ramallah-based National Bank (TNB) launched its latest version of Hayati (My Life), a program ...

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Cape Cod Five Cents Savings Bank Sells 300 Shares of Toronto Dominion Bank (The) (TD)

Cape Cod Five Cents Savings Bank lowered its stake in Toronto Dominion Bank (The) (NYSE:TD) (TSE:TD) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,269 shares of the bank’s stock after selling 300 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Toronto Dominion Bank ...

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Former banking exec found dead at private hunting estate

MADRID — Spain’s Civil Guard said Wednesday that a former chairman of one of the country’s largest banks has been found dead with a gunshot wound to the chest at a private hunting estate in southern Spain. A spokeswoman with the police force said initial inquiries into the death of 69-year-old Miguel Blesa had ruled out a homicide. The former ...

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FCMB rewards more customers in promo scheme

First City Monument Bank (FCMB) on Wednesday made more customers millionaire while others possessed various types of gifts in the last draws of ’Millionaire Promo Season 4’’ held in Lagos and across the country. This is in line with the bank’s continued efforts to fulfil its promise to reward customers through its ongoing bumper reward scheme. The exercise, the second ...

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As Banks Make Huge Profits From Higher Interest Rates, Savers Earn Pennies

Banks are harvesting money from loans while the rates paid out to their depositors remain stubbornly low, boosting profits in the industry. At JPMorgan Chase, much of a $1.2 billion increase in revenue in the second quarter came “predominantly in net interest income, up approximately $900 million, reflecting continued loan growth and the impact of higher rates,” the bank’s chief ...

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Which piggy bank’s the best for your money?

It used to be that consumers would stuff their money into RRSPs this time of year, but other investment options have moved in.  (Dreamstime)   By Lisa WrightBusiness ReporterBusiness Reporter Sun., Feb. 26, 2017 The annual fight for your coin during RRSP season has noticeably tamed in recent years. It used to be at that at this point in the calendar, big ...

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Pakistan banks embark on financial inclusion

Financial Inclusion Plan’s target is to raise number of customers with access to bank accounts The Pakistani banking sector, which has already been highly profitable, is on track to expand further with millions of new customers set to enter its fold owing to financial inclusion initiatives. The priority target of the Financial Inclusion Plan (FIP) is to raise ...

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