June 6, 2023
Banking Pakistan

Pakistan’s Economic and Debt Viability at Risk, says World Bank in Development Update

Pakistan’s economic and debt sustainability are at risk, according to the World Bank’s ‘Pakistan Development Update’ report. The flagship report has predicted nearly

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Banking Pakistan

Silkbank in talks with ICB of South Sudan for $54.5 million investment

Silkbank (SILK.PSX) from Pakistan announced on Thursday that it is currently engaged in discussions regarding a possible investment of a maximum of 50

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Finance International

Swiss regulator FINMA explains why allowing Credit Suisse’s bankruptcy was not an option

The Swiss financial regulator, FINMA, has stated that allowing troubled lender Credit Suisse to go bankrupt would have had severe consequences for Switzerland’s

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Banking International

Goldman Sachs UK’s gender pay gap widens to 53.2%, while others make progress.

Major banks such as HSBC (HSBA.L), Goldman Sachs (GS.N), Morgan Stanley (MS.N), and Standard Chartered (STAN.L) have reported a concerning trend – the

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Banking International

JPMorgan CEO Jamie Dimon warns of ongoing impact of U.S. banking crisis

In a letter addressed to JPMorgan Chase & Co’s shareholders, CEO Jamie Dimon stated that the U.S. banking crisis is an ongoing issue

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Finance Pakistan

Pakistan’s Finance Minister Leads Delegation to U.S. for Talks with IMF on $1.1 Billion Bailout

Pakistan’s Finance Minister Ishaq Dar is scheduled to lead a high-level delegation to the United States to attend the annual spring meeting of

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Finance International

Haydock Finance Goes Live with NETSOL’s Cloud-based Calculation Engine – Flex

Haydock Finance, a UK-based business finance provider, has recently deployed Flex, a cloud-based and API-first calculation engine developed by NETSOL Technologies. Flex was

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Banking Pakistan

Samba Bank names Ahmad Tariq Azam as new CEO

Samba Bank, a leading financial institution in Pakistan, has recently announced the appointment of Ahmad Tariq Azam as its new President and CEO.

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Banking International

Regional Banks Struggle as Cash Reserves Plunge, Prompting Risky Investment Decisions

US regional banks, with assets between $50bn and $250bn, had their lowest cash reserves since the 2008 financial crisis at the start of

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Finance International

Moody’s warns stablecoins of risks due to reliance on off-chain financial institutions.

Recent concerns have been raised by regulators regarding potential risks posed to traditional financial services (TradFi) by decentralized finance (DeFi). Such apprehensions have

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