Iranian bank cards are now operational in Russia as the two nations link their banking systems to bypass international sanctions, Iranian state television announced Monday. For more stories from The Media Line go to themedialine.org This arrangement allows Iranian cardholders to withdraw cash from ATMs in Russia and soon make in-store purchases, according … Read more
Mumbai: SBI on Friday reported a 23 percent on-year jump in consolidated net profit at Rs 19,782 crore for the quarter ended September 30, 2024. The consolidated net profit for the corresponding period last year stood at Rs 16,099 crore. On a standalone basis, the country’s largest lender reported a net profit of Rs 18,331 … Read more
Is Western Union taking part in the funding of Hezbollah’s weapon array? The Jerusalem Post’s investigative journey originates in May, as the Islamic Republic loyalist militia of Hezbollah launched an online fundraising campaign, calling on their supporters to donate money for drones and rockets aimed against Israel. The campaign, detailed extensively on the Qatari … Read more
Leo Lukenas III, a former Green Beret who made the challenging transition to investment banking, tragically passed away in May at just 35 years old. Lukenas, who had been working 100-hour weeks at Bank of America (BofA), died from “acute coronary artery thrombus”—a fatal blood clot in the heart. His death has sparked outrage over … Read more
New Delhi: Kotak Mahindra Bank on Saturday, October 19 reported a net profit of Rs 3,344 crore in the July-September period (Q2 FY25), up 5 percent from Rs 3,191 crore in the same quarter last fiscal. Consolidated profit after tax (PAT) for Q2 FY25 was Rs 5,044 crore, up 13 percent (year-on-year) from Rs 4,461 … Read more
Nobody understands. How could she do it? Why did she do it after all these years? An affair after 25 years of marriage and three grown-up children? What is she still looking for? What has God not blessed her with? Her husband is well- to-do, healthy and the children are doing well. But Madam B … Read more
Senator proposes new bill to curb financial elder abuse. Alice Lin 80-year-old Alice Lin was tricked into wiring her life savings of $720,000 to an online scammer in August 2022. The grave situation made the Southern California widow contemplate suicide. However, Lin, who also takes care of her disabled son, decided to fight back for … Read more
Canada’s inflation rate decreased to two per cent in August, Statistics Canada reported on Tuesday, finally hitting the Bank of Canada’s target in its long campaign to cool price growth. The central bank began aggressively hiking interest rates in April 2022 to tame skyrocketing inflation, and it made its first rate cut since March 2020 in June. “Our … Read more
TD Bank Group, which is mired in a money-laundering scandal in the U.S., said Raymond Chun will replace chief executive Bharat Masrani, who is retiring next year. Chun, who stepped into the role of head of Canadian personal banking last December, will become chief operating officer on Nov. 1 before taking over the top job … Read more
After several years of exploring the possibility of introducing a digital currency in Canada, the central bank is shelving the idea. The Bank of Canada confirmed to CBC News it has shifted its focus away from the idea of introducing a digital Canadian dollar, which could be used for online purchases and money transfers. The … Read more
