Home / Finance Banking

Finance Banking

Senate bill seeks to bring freedom back to banking | TheHill

There’s something Orwellian about unaccountable corporate executives parsing over every purchase you make. It sounds “1984-ish,” but for the firearms industry, it’s a 2019 reality. Some big banks are imposing their executives’ political views on companies by refusing to do business based solely on personal opinions of the lawful products …

Read More »

Yen’s outlook worsens as traders turn bearish

Singapore THE omens are looking bad for the yen. Traders have boosted short positions on Japan’s currency for six straight weeks as signs that economic growth is slowing make it more likely that the central bank will maintain its record monetary stimulus. At the same time, global risk sentiment is …

Read More »

Rep. Waters Previews Plans for Housing Finance, BSA/AML Reform

In remarks at the American Bankers Association Washington Summit today, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) previewed several policy initiatives that the committee will pursue under her leadership, including housing reform, cannabis and Bank Secrecy Act/anti-money laundering reform. Waters emphasized that “it is time for Congress to come …

Read More »

Vijaya Bank, Dena Bank to become BoB from Apr 1

NEW DELHI: In a first three-way amalgamation, Vijaya Bank and Dena Bank will merge with Bank of Baroda (BoB) from April 1 to create the third-largest lender of the country. As a result, branches of Vijaya Bank and Dena Bank will function as BoB outlets from Monday onwards. “Customers including …

Read More »

Marijuana Banking Bill Approved By Congressional Committee

A congressional committee voted on Thursday to approve legislation aimed at increasing marijuana businesses’ access to banks. PHOTO: TOM SYDOW Following multiple days of lengthy debate and consideration of several amendments, the House Financial Services Committee voted 45 to 15 to advance the legislation to the full body. Floor action has not yet been scheduled, but cannabis …

Read More »