JS agrees to pay BankIslami minority shareholders in cash rather than in kindÂ
KARACHI: Acquiescing to the demands of minority shareholders, JS Bank Limited has decided that its bid to buy 24.88% shares in BankIslami...
Credit Suisse says lost $68bn in assets last quarter, outflows continue
Credit Suisse (CSGN.S)Â said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and...
Short-sellers sit on $1bn loss on European banks in April
Short-sellers who bet against European banks are set to lose a substantial amount of money in April after the sector bounced back...
Standard Chartered Pakistan partners with British Int’l investment to expand microfinance lending
Standard Chartered and BII enter a $40m risk-participation agreement through which BII will cover 50% of bank's risk on local currency loans to microfinance sector
The BoP is considering transitioning to Islamic Banking. But why? Â
The decision to convert banks from conventional to Islamic-based operations has been influenced by various factors, including the pent-up demand for Islamic banking and rulings by the Shariat Federal Court.
Global watchdog issues blueprint for banks to report cyber attacks
The G20's financial watchdog on Thursday recommended a blueprint for banks to report cyberattacks in a common format in a bid to...
The results are in: Paper continues to dominate payments landscapeÂ
State Bank of Pakistan's quarterly report highlights how e-commerce transactions have fallen while POS and RAAST transactions have seen an uptick
Why the Roshan Digital Account balance may not be equal to $6bn
A closer examination of SBP's $6 Billion RDA deposit inflowsÂ
Why is a Sudanese Bank interested in investing $54.5 million in Silk Bank?
Silkbank in talks with South Sudan bank for potential investment
SBP raises policy rate to record high of 21% to tackle inflation
LAHORE: The State Bank of Pakistan (SBP) announced on Tuesday that it will raise the policy rate by 100 basis points (bps)...
In surprise move, Shazad Dada is replaced as President and CEO of UBL
Muhammad Jawaid Iqbal appointed as President & CEO of UBL for 3 year tenure
First Citizens agrees to acquire failed Silicon Valley Bank
First Citizens BancShares Inc FCNCA.O said on Monday it will acquire the deposits and loans of failed Silicon Valley Bank SIVB.O, closing...
ANZ CEO: Banking turmoil has potential to trigger financial crisis
Australia and New Zealand Banking Group's (ANZ.AX)Â CEO said on Monday the latest turmoil in the global banking system had the potential to...
Analysis: Wall Street push for bank rescues clashes with Washington realities
The banking crisis set off by the swift collapse of Silicon Valley Bank (SIVB.O)Â has exposed a sharp disconnect between Washington and Wall...
Exclusive: JPMorgan, Citi, BofA tell staff not to poach clients from stressed banks
As a series of U.S. lenders were besieged by customers yanking out their money this month, banking behemoths including JPMorgan Chase &...