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Paris 2024: A New Era of Olympic Sports

The Olympic Games are not only a showcase of the world’s best athletes, but also a reflection of the host nation’s culture and vision. The Paris 2024 Olympic Games, which will be held from July 26 to August 11, 2024, will feature four new sports that are closely associated with youth, creativity and urban culture: breaking, sport climbing, skateboarding and surfing. These sports were proposed by the Paris 2024 Organising…

High Cost Of Doing Business Is The Top Concern For NZ Enterprises

A survey conducted by BusinessNZ reveals that the majority of New Zealand businesses are worried about the high cost of doing business and the lack of a plan for improving the country’s economic performance. The survey also shows that businesses are opposed to increasing business-related taxes to address the current fiscal challenges. Businesses Feel The Pinch Of Government Policies The Deloitte and Chapman Tripp Election Survey, which is New Zealand’s…

DRT cautions banks against hiring inexperienced lawyers

The Debt Recovery Tribunal (DRT) in Ahmedabad has issued a directive to banks and financial institutions to refrain from engaging junior or proxy lawyers to represent them in debt recovery cases. The tribunal said that such lawyers are often not well-versed with the facts of the cases and fail to adequately defend the interests of the banks. DRT’s directive stirs controversy The DRT’s directive, dated August 31, 2023, was issued…

Nigerian Banking Sector Threatens Nationwide Strike over Economic Hardship

The Nigerian banking sector is facing a crisis of confidence as workers threaten to go on a nationwide strike over economic hardship and poor working conditions. The workers, under the umbrella of the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), have given the government and the Central Bank of Nigeria (CBN) a 14-day ultimatum to address their grievances or face industrial action. Workers demand better pay and…

NTISB Issues Advisory on How to Prevent Banking and Financial Fraud

The National Telecommunication and Information Security Board (NTISB) has warned the public about the surge in banking and financial fraud in Pakistan. The board has issued an advisory on how to avoid falling prey to such scams, which are mainly due to a lack of cybersecurity awareness at users’ end. Scammers Use Social Engineering and Malicious Apps to Steal Money According to the NTISB, scammers are equipped with the latest…

International Banker: A Leading Source of Analysis on International Banking

International Banker is a website that provides authoritative analysis on international banking, finance, and technology. It covers topics such as banking trends, monetary policy, climate change, fintech innovation, and more. The website aims to inform and educate its readers about the latest developments and challenges in the global banking industry. How Banks Are Responding to Africa’s and the Middle East’s Evolving Financial Needs One of the recent articles on International…

FCA warns banks over denying accounts to politicians

The Financial Conduct Authority (FCA) has issued a warning to banks that they could face fines if they wrongly deny accounts to politicians and their relatives. The regulator is reviewing how banks treat politically exposed persons (PEPs) amid claims that some have faced unfair scrutiny or rejection. What are PEPs and why do they matter? PEPs are individuals who hold or have held prominent public positions, such as MPs, ministers,…

Chinese joint-stock banks face challenges amid economic slowdown

Lower margins and profits The economic outlook of China, the world’s second-largest economy, has been affected by the recent surge of COVID-19 cases, the regulatory crackdown on some sectors, and the ongoing trade tensions with the US. This has also impacted the performance of Chinese joint-stock banks (JSBs), which are commercial banks that are partly owned by the public. According to a report by CreditSights, a credit research firm, JSBs…

Watchdog warns banks of fines for unfair treatment of politicians

The Financial Conduct Authority (FCA) has issued a warning to banks that they could face fines if they wrongly deny accounts to politicians and their families. The regulator is reviewing how banks handle the cases of politically exposed persons (PEPs), who are subject to additional checks due to their potential risk of corruption or money laundering. FCA vows to act against ‘tick-box’ approach Sarah Pritchard, executive director at the FCA,…

National Domestic Violence Hotline Uses Technology and Collaboration to Modernize Its Services

The National Domestic Violence Hotline (The Hotline) is a 24/7 service that provides support, information, and resources to victims and survivors of domestic violence. The Hotline has been operating since 1996 and has answered over 6 million calls, chats, and texts from people in need. However, the COVID-19 pandemic has posed unprecedented challenges for The Hotline and its staff, as well as increased the demand for its services. How the…