Despite changing patterns, cash remains biggest competition for contactless payments in Pakistan: surveyÂ
LAHORE: As many as 85% of people shopping online changed what website they were using to buy a product depending on whether...
SVB says Goldman Sachs was buyer of portfolio it booked losses on
SVB Financial Group (SIVB.O) said on Tuesday that Goldman Sachs Group Inc (GS.N) was the acquirer of a bond portfolio on which it booked a...
How Silicon Valley Bank’s collapse ripped through global tech
Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke...
The one pound rescue: inside the rush to save Silicon Valley Bank UK
The swift collapse of Silicon Valley Bank in the United States, the nation's biggest bank failure since the financial crisis, initially caught...
BoK profits fall by more than 50% after attempted expansionÂ
Bank’s expansion plan coupled with troubled economy hindered its profitability for the year
After SVB failure, US acts to shore up banking system confidence
U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank...
Silicon Valley Bank failure rattles US startup ecosystem
NEW YORK: Silicon Valley Bank’s stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and...
Analysis: SVB’s lightning collapse stuns banking industry
The rapid unraveling of SVB Financial Group (SIVB.O)Â has blindsided the banking industry after years of stability.
The collapse on Friday, the largest bank failure since...
SBP’s forex reserves rise above $4b mark
The State Bank of Pakistan (SBP), in a statement issued here on Thursday, stated that reserves held by the central bank increased...
Govt raises Rs1.57tr in T-bill auction
LAHORE: The Treasury Bills (T-Bills) cut-off yields rose by 120 basis points in the paper auction held on Wednesday, according to data...
Ladies and gentlemen, here are your digital banks
With the central bank finally issuing NOCs for setting up digital banks, Profit looks at the contenders and their intentions
The Bank of Khyber is setting out its line of defence against the treasury single account
Attracting deposits, seasoned employees, and increasing gender diversity may help the bank wean off its dependence on the government
The SBP is verbal
Any two-bit relationship therapist will be able to tell you one simple, oft-repeated, common knowledge mantra about life: Communication is key. This...
Why does the JS Group want to buy BankIslami?
Already the largest shareholders in the Bank, Jahangir Siddiqui and Co are looking to takeover Pakistan’s oldest Islamic Bank as Shariah-compliant banking continues to gain ground
The big-boys of banking make big-bucks, but are they worth it?
Profit ranks bank CEOs based on their salaries and the returns they bring about