Tue, 21-Oct-2025

Bank of England explains how King Charles notes will replace Queen

Queen

The processes needed to replace Queen notes with those featuring King Charles have been made public by the Bank of England. Even though the plan’s formal announcement won’t be made for 10 days after the king passes away It’s anticipated that the present notes will still be accepted as legal cash. Later, the Royal Mint … Read more

China urges banks to extend loans for real estate projects amid mortgage boycott

China's

The China Banking and Insurance Regulatory Commission (CBIRC) made its comments. After an increasing number of homebuyers threatened to quit paying their mortgages for stalled real estate projects. CBIRC urged banks to “assume social responsibility” and aggressively take part in the research of funding gap-filling strategies. In their most recent attempt to allay concerns raised … Read more

Ukraine central bank has sold over $12 billion of its gold reserves during the war, its deputy head says

Ukraine

Ukraine has sold $12.4 billion of its gold reserves since Russia’s invasion of Crimea. The gold is not being sold to support the hryvnia, the currency of Ukraine. Instead, it is being sold so that importers can buy critical products for the country. Since the start of Russia’s invasion on February 24, the central bank … Read more

China’s small banks are struggling. Savers might lose everything

Thousands of depositors battling to recoup their cash from at least six banks in central China. Experts fear a financial crisis may be on the horizon. Hundreds of depositors flocked to Zhengzhou, the capital of Henan, late last month. In the central Chinese province of Henan, Peter had deposited his about $6 million life savings … Read more

Equity market remains range-bound

Stocks

KARACHI: The Pakistan bourse remained range-bound throughout the day on Tuesday due to concerns over rising inflation numbers and tightening of money supply. An analyst at Arif Habib Limited said that the benchmark KSE-100 Index opened in the positive zone but lackluster activity was witnessed. Volumes remained dry in the main board although hefty volumes … Read more

Because of her paranoia, Amber Heard used a different identity on bank documents

Amber Heard

Amber Heard once opened out about her worry over ‘her private life,’ revealing that she used a different identity on her bank records.

Heard, who is suing her ex-husband Johnny Depp in a shocking lawsuit, featured in the 2013 thriller picture Paranoia.

During the film’s promotion, Heard spoke with BlackTree TV on her existence in the “public spotlight.”

 

“I believe if you’re in the public eye at all, you have to learn to always look over your shoulder,” Heard remarked.

“You have to keep an eye on your back all the time.” “I mean, I suppose it was around nine years ago that I stopped using my true identity online and started keeping bank records under a new name,” she admitted.

“All of the things that you have to do in this line of work to ensure you have a private life are actually quite pertinent to this,” she continued.

The Aquaman star also admitted to being “not particularly tech-savvy.”

“I can change a fanbelt in my automobile, work on it, help repair a bumper, or rebuild a carburettor if necessary.” But I can’t e-mail without help, it’s terrible,” she explained.

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Lagarde bats back ECB staff’s inflation wage ask

inflation

As consumer prices in the eurozone rise, European Central Bank president Christine Lagarde rejected union requests to tie wages to inflation at the Frankfurt-based organization. In an internal communication to staff seen by AFP on May 5, Lagarde stated that indexing employee compensation to inflation was “not desired and not planned.” In the message, Lagarde … Read more

Deadly West Bank attack after day of clashes in Jerusalem

West Bank attack

Following skirmishes between Palestinians and Israeli police at Jerusalem’s flashpoint Al-Aqsa mosque on Friday, a Palestinian man and an Israeli guard were slain in separate West Bank events. The army reported the guard was attacked at the Ariel settlement’s gate and that they were following “terrorists.” The Islamist Hamas movement lauded the assassination as a … Read more

Russian central bank slashes key interest rate again

Russian

Russia’s central bank announced on Friday that it was lowering its key interest rate for the second time in a row, citing a reduction in the risks of price surges and financial instability. The Bank of Russia said it would drop the rate from 17 percent to 14 percent starting next week, a bigger cut … Read more

JPMorgan firm allows workers to work from home three days a week

JPMorgan firm allows workers to work from home three days a week A top JPMorgan leader has told his staff they can remote work three days every week, after laborers at the worldwide bank griped the organization was following their in-office ID swipes with an end goal to drive them to return. Drew Cukor, a … Read more

Standard Chartered bank shares soar on bright earnings

Standard Chartered

Shares in Asia-targeted bank Standard Chartered surged Thursday after it published upbeat first-quarter consequences on growing interest fees and as it upgraded the outlook. Underlying pre-tax earnings climbed by a higher-than-predicted 4 percent to $1.5 billion (1.4 billion euros), the London-based lender stated in an assertion. Net profit edged as much as approximately $1.1 billion … Read more

China worries weigh on global stocks

China

Investors were concerned about the impact of the Covid outbreak in China and rising interest rates in the United States, thus stock markets fell sharply on Tuesday. The gains on Wall Street failed to gain traction, and a relief rally in Europe faded as the day progressed. The euro fell to a two-year low against … Read more

Lagarde sees ‘strong likelihood’ of ECB rate hike if inflation stays high

Lagarde

If the wave of inflation gripping the eurozone doesn’t impede, ECB chief Christine Lagarde said on Friday she sees “a robust chance” that the bank will hike rates before 2022 ends. European international locations have visible charges rise after the pandemic extensively disrupted supply chains, and the state of affairs grew worse starting in past … Read more

Asian markets slide, China growth behind target

Asian

Asian stocks opened decrease on Monday in cautious trade, as China published better-than-anticipated economic growth however officers still warned of “giant demanding situations beforehand”. Tokyo’s benchmark Nikkei 225 index was down 1.25 percentage in early change, whilst Hong Kong and Sydney were closed for vacations. Stocks in Shanghai, which pronounced the first Covid-19 deaths for the reason that … Read more

Bank of Canada raises key rate to 1% to counter inflation

Bank

The Bank of Canada on Wednesday raised its key loaning rate from 0.5 percent to 1 percent, to battle against rising expansion that is currently figure to be almost six percent during the main portion of the year. The bank said Russia’s attack of Ukraine was causing “new monetary vulnerability,” saying that “cost spikes in … Read more

Israel ‘on offensive’ after Tel Aviv attacks, launches W.Bank raids

Israel

Israeli police raided the volatile West Bank district of Jenin again on Sunday, a stronghold of Palestinian terrorist groups and the home of gunmen who carried out two recent deadly attacks. Gunfights rocked the Jenin area for a second day on Sunday, as Israel laid to rest three recent shooting fatalities. According to the Palestinian … Read more

Nepal’s central bank governor replaced

bank

The government of Nepal removed Maha Prasad Adhikari, the head of the country’s central bank, after allegedly disagreeing with Finance Minister Janardan Sharma. The decision was made at a Cabinet meeting, which also decided on nominees for 20 ambassadorial seats. According to a Cabinet source, Adhikari was suspended when he refused to transfer 400 million … Read more

SBP receives overwhelming response for digital bank licences

SBP

KARACHI: The State Bank of Pakistan (SBP) has received twenty applications for digital bank licences from a diverse range of applicants, including domestic commercial banks, microfinance banks, electronic money institutions and FinTech players, a statement said on Wednesday. The central bank concluded the process of receiving applications for digital banks licences as per its announced … Read more

Allied Bank announces annual earnings at Rs17.5 billion

allied bank

KARACHI: The earnings of Allied Bank Limited (ABL) declined 5 per cent on a year-on-year basis to Rs17.5 billion for the year ended December 31, 2021. While growth in net fee income (NFI) and reversal in provisioning supported the overall earnings, profitability for the year was down in 2021 mainly due to lower net interest … Read more

MCB Bank declares Rs31.1 billion annual profit

mcb bank

KARACHI: The MCB Bank net profit showed a growth of 6 per cent to Rs31.1 billion for the year 2021, compared with the earnings of Rs29.56 in the preceding year, a bourse filing said. Analysts at Arif Habib Limited said that the earnings increased on a year-on-year basis on the back of reversals in provisioning … Read more

Reserve Bank chief to be Chile’s new finance minister

Chile’s finance minister

SANTIAGO: Chile’s leftist president-elect Gabriel Boric, whose victory at the polls last month unsettled the markets, on Friday named the country’s Central Bank governor as his finance minister in a young, diverse and woman-majority cabinet. Mario Marcel, an independent politician and former member of the Socialist Party, with which he maintains strong ties, announced his … Read more

Deutsche Bank records biggest profit in a decade

deutsche bank

FRANKFURT: Germany’s largest lender Deutsche Bank on Thursday announced it had booked its highest profit in 10 years, driven by its investment arm after a difficult period of restructuring. In 2021, Deutsche Bank recorded a €1.9 billion ($2.1 billion) net profit, having posted a more slender €100 million margin in 2020, as the world economy … Read more

Banks’ housing finance sharply rises 85% in 2021

housing finance

KARACHI: Bank financing for housing and construction sharply increased 85 per cent, or Rs163 billion, to Rs355 billion in the financial year 2021, the State Bank of Pakistan (SBP) reported on Thursday. The total outstanding credit of banks for housing and construction stood at Rs192 billion in the preceding year. Within the housing and construction … Read more

Africa Cup of Nations poses massive challenges for host Cameroon

africa

YAOUNDÉ: The Africa Cup of Nations, kicking off Sunday in Cameroon after a delay over Covid concerns, is also posing major security, political and organisational challenges for the host nation. Some were fearing yet another postponement, with African football chief Patrice Motsepe saying late last month that the rapid spread of the Omicron variant in a country with … Read more

Rupee recovers 51 paisas to dollar at interbank opening

rupee

KARACHI: Pakistani rupee recovered 51 paisas against the dollar in early trade at the interbank foreign exchange market on Friday. The dollar is being traded at the historic high of Rs177 at the opening of the interbank market. The exchange rate was ended local currency was trading at Rs177.51 on Thursday. Rupee recorded the all-time … Read more