Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about $2.9 billion. WaFd said in a Friday (May 17) filing with the Securities and Exchange Commission (SEC) that the deal involves 2,000 commercial multi-family real estate loans with a current aggregate unpaid principal balance […]
Paytm Payments Bank (PPBL) has migrated its bill payment business to Euronet Services India, said two people in the know. This comes after the shifting of PPBL’s retail point of sales business to RBL Bank and the settlement business for merchant payments to Axis Bank.Euronet is an American payment technology company handling backend settlement systems for several digital payment modes in India. “Since Paytm Payments Bank was asked to stop offering services, they had to migrate to someone else,...
In the cricketing world, there are few rivalries as intense as that between
More colour to the last interest rate decision will be detailed in the board’s minutes from the May meeting. Borrowers were spared more interest rate pain and rates were left unchanged, as was widely anticipated, but the Reserve Bank governor confirmed another hike was a topic of discussion. Of interest in the minutes, due for […]
Wells Fargo Bank has filed foreclosure on The Greene Town Center, claiming
According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties. The report’s aim was to predict how banks would be able to manage the risks of climate change, such as natural disasters […]
The scale of India's welfare state is staggering - and Narendra Modi is betting on its gains to win votes.
The European Banking Authority (EBA) today published three sets of final draft regulatory technical standards (RTS) and one set of final draft implementing technical standards (ITS) relating to the authorisation as issuer of asset-referenced tokens (ARTs), to the information for the assessment of acquisition of qualifying holdings in issuers of ARTs and to the procedure […]
The CCIA has urged Indian policymakers to take into account the interconnectedness of policy areas in the digital space while considering ex-ante regulations.
NEW DELHI, (IANS) – The International Cricket Council and Cricket West Indies have jointly tweaked the playing conditions for the second semifinal of the upcoming T20 World Cup 2024, which will see the encounter being played without the reserve day in Guyana on June 27. […]
Interest-free or concessional loans given by banks to their employees will qualify as fringe benefits or amenities,” thus taxable, the Supreme Court has held, giving a major blow to the bank employees.While upholding the income tax rule in this regard, the apex court said that such benefits enjoyed by bank employees are a “unique” to them and are in the nature of a ‘perquisite,’ hence liable to taxation.Staff unions and officers' associations of various banks had challenged the...
The draft FY25 NDAA language would force DoD to create a new pilot project designed to kickstart its nascent plans to create a so-called hybrid space architecture linking national security, commercial, civil and allied satellites into a massive mesh network.