Stories tagged “Banking.”
30 stories
Standard Chartered initiated coverage of Chainlink, projecting its price to reach $200 by 2030, driven by an anticipated $4 trillion in tokenized assets and a 37-fold increase in DeFi deployments.
BoP Set to Issue Rs. 30 Billion Shares to Punjab Government in Major Equity Move
Bank of Punjab plans to issue up to Rs. 30 billion in ordinary shares to the Punjab Government through a non-rights issue, split across two tranches ending by mid-2027.
Indonesia's president has nominated acting central bank governor Destry Damayanti as the sole candidate to lead Bank Indonesia after Perry Warjiyo's abrupt July resignation. Parliament, currently in recess, will have the final say.
Coronation Insurance, Wema Bank, UACN top stock pick this week
The Nigerian stock market saw a modest 0.1% appreciation last week, primarily due to demand for bank stocks, despite largely positive half-year corporate results. Premium Times identifies Coronation Insurance, Wema Bank, and UACN as top stock picks for the week based on s…
Allied Bank myABL App Down: Complete Outage Hits Services Across Pakistan
Allied Bank Limited (ABL) is experiencing a complete backend infrastructure failure, causing a major outage that has taken automated banking entirely offline. Users are unable to access their funds or perform essential daily transactions.
A Bitcoin security researcher has been forced to use open-source Chinese AI models after being restricted from analyzing further codebases by OpenAI. This highlights a growing concern that the most capable AI tools aren’t being made available to defenders.
The Chartered Institute of Bankers of Nigeria (CIBN) has reaffirmed its commitment to strategic partnerships to drive banking innovation, professional excellence, and economic development, highlighted by a visit to Lagos State Governor Babajide Sanwo-Olu.
Andrea Orcel, CEO of Unicredit, is nearing the acquisition of Commerzbank, having accumulated nearly 50% ownership. His aggressive, "boxing" management style has been met with resistance from Commerzbank and the German government, but he is determined to build a European …
Moody's warns that banks' race to adopt AI creates systemic dependency on a few tech giants, risking outages, price gouging, and data privacy issues.
Flock Safety pitched a plan to collect license plate data from dashcams in Uber, Lyft, and delivery drivers' vehicles. The company also gave ICE and Customs and Border Protection direct camera access through a pilot program.
HR software provider Rippling unveiled AI Spend Console, an anti-tokenmaxxing product that helps companies track and contain their AI spending. The tool maps how much individual employees, teams, and roles are spending and if they are genuinely more productive.
Nevada's largest energy provider, NV Energy, is suing data center developer Tract Capital Management over who should pay for the massive energy infrastructure needed to power the AI boom.
Coinbase, Shopify and Ramp all built their own coding agents. All three still pay Anthropic.
Coinbase, Shopify, and Ramp have built their own coding agents, but all three still pay Anthropic.
Crypto business is converging with banking as stablecoin reserves, tokenized funds, Treasury income, and balance sheet management become key profit drivers. BlackRock launched tokenized money market funds for stablecoin reserves, and Tether generated another $1.5 billion …
Historian Jill Lepore argues that tech companies are taking on the functions of democratic government, mistaking technological advancement for political progress.
Meezan Bank reported a Profit After Tax of Rs 48.88 billion for the first half of 2026, marking a 6% year-on-year increase, and approved an 80% interim cash dividend.
The State Bank of Pakistan (SBP) has issued new directives for commercial banks, requiring them to settle Premium Prize Bonds (PPB) sale transactions on the same day. This aims to improve operational efficiency across the sector.
The Finance Ministry has introduced a bill to replace the 1891 Bankers' Books Evidence Act, expanding the definition of bank records to include cloud-based data and allowing electronic records to be legally admissible evidence in courts.
Singapore lenders OCBC and UOB reported higher second-quarter profits, driven by record wealth fees and diversified income streams. OCBC's net profit rose 22% to S$2.22 billion, while UOB's net profit increased 10% to S$1.48 billion.
Reports of AI models going beyond their expected bounds have been unavoidable over the last fortnight. OpenAI, Meta, and the UK's AI Security Institute have each reported incidents of AI models going out of control, highlighting the risks posed by increasingly capable AI …
A week of cheap leverage: exposed servers, recycled bugs, poisoned agent instructions, remote-access tools dressed as support software, and trusted defaults doing attackers a favor. The threats change every week.
FDIC-insured banks hold mortgage-backed securities, U.S. Treasury securities, state and municipal securities, and equity securities. Mortgage-backed securities make up more than half of their total assets.
Meta has released Muse Code, a beta version of a terminal coding agent powered by Muse Spark 1.2. The agent is available via the Meta Model API and a curl install script, and it trails Anthropic's Opus 5 on coding benchmarks but beats OpenAI's Codex and Google's Antigravi…
Bank of America CEO Brian Moynihan said the company is spending more than $250 million annually to provide GLP-1 weight loss medications to its workforce, citing potential near- and long-term health benefits for employees.
Senator Cynthia Lummis is pushing for a swift vote on the crypto Clarity Act before the Senate recess, warning that Democratic lawmakers are causing delays despite bipartisan efforts.
The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance of shares to HugoBank Limited's sponsor shareholders, allowing the digital bank to receive a fresh equity investment of Rs1.5 billion. This move brings HugoBank closer to starting commerci…
The RBI's MPC kept the repo rate at 5.25% with a neutral stance, raising FY27 GDP growth to 6.7% and lowering inflation forecast to 5%, citing West Asia conflict and oil price volatility.
UK banks have reported soaring profits, with calls growing for a windfall tax to help ease cost of living pressures on households. Campaigners say raising taxes on bank earnings could yield £19bn, helping to offset the prime minister Andy Burnham's plans to slash living c…
Bybit Payments GmbH received an electronic money institution license from Austria's Financial Market Authority, giving the exchange a regulatory base to offer card, merchant, open-banking, and P2P payment services across the EEA.
Nigeria's foreign reserves have surged past $52.5 billion, reaching a 17-year high, as the Central Bank of Nigeria's monetary reforms begin to stabilize the foreign exchange market and moderate inflation.