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A service for researchers · Wednesday, April 16, 2025 · 803,908,393 Articles · 3+ Million Readers
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Deposit Insurance News Monitoring

  • Published on 02:41 GMT

    PDIC, Korean counterpart renew 5-year deposit insurance cooperation deal

    Yoo JaeHoon, Chairman and President of KDIC and Roberto B. Tan, President and CEO of PDIC  State deposit insurer Philippine Deposit Insurance Corporation (PDIC) has entered a five-year deal with its Korean counterpart to renew bilateral cooperation on …

    Source: Manila Bulletin - Pro-Government
  • Published on Apr 15, 2025

    Ethiopian Deposit Insurance Fund Collects 5.2 Billion Birr in Premium Over 9 Months

    Addis Ababa, April 15, 2025 (ENA) -- The Ethiopian Deposit Insurance Fund (EDIF) has collected 5.2 billion Birr in premiums from member financial institutions over the last nine months, representing an 11.1 percent increase compared to the same period last …

    Source: Ethiopian News Agency - Gov't Propaganda
  • Published on Apr 14, 2025

    Non-banks may offer lower rates under deposit insurance scheme

    A soon-to-be-introduced deposit insurance scheme – one of the largest changes to New Zealand’s financial system in some time – will offer greater protection to Kiwi investors, but could see deposit interest rates fall significantly, according to a new …

    Source: Good Returns - Neutral
  • Published on 19:35 GMT

    PDIC renews bilateral cooperation deal with Korean counterpart 

    THE PHILIPPINE Deposit Insurance Corp. (PDIC) has renewed its bilateral cooperation agreement with the Korea Deposit Insurance Corp. (KDIC).  PDIC President and Chief Executive Officer Roberto B. Tan and KDIC Chairman and President Yoo Jae Hoon signed a …

    Source: Business World - Pending
  • Published on 13:47 GMT

    RBI cancels licence of Ahmedabad-based Colour Merchants Co-op Bank

    Mumbai, Apr 16 (PTI) The Reserve Bank on Wednesday said it has cancelled the licence of Ahmedabad-based 'Colour Merchants Co-operative Bank' as the lender does not have adequate capital and earning prospects. Registrar of Cooperative Societies, …

    Source: Mint - Neutral
  • Published on 18:44 GMT

    Business NewsLine, April 16, 2025

    Bank of America ordered to pay $540 million NEW YORK — A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a US regulator that alleged the company underpaid mandatory assessments for deposit …

    Source: The Antelope Valley Press - California - Pending
  • Published on 10:40 GMT

    Trade war could weaken banks, regulators — and competition

    A tariff-driven recession could strain the U.S. banking sector by eroding credit quality and slowing investment, increasing the likelihood of small and mid-size bank failures, experts say. That could drive an uptick in government-assisted M&A deals, …

    Source: American Banker - New York - Neutral
  • Published on 10:59 GMT

    Man gets 12 years in prison for using investment scam to defraud ex-NBA star Dwight Howard out of $7 million

    Atlanta businessman Calvin Darden Jr., a career fraudster with previous convictions, is facing 12 years in prison for his latest scam, convincing former NBA player Dwight Howard to part with $7 million for a fake bid to purchase WNBA team the Atlanta Dream …

    Source: Yahoo Finance - Pending
  • Published on 13:28 GMT

    Savings rates have dropped to 2.7%. Here’s how to make your money work for you again

    It’s time to ask: is your bank balance truly working for you? In this article, we explore smarter, safer, and more rewarding alternatives to traditional savings accounts—without compromising on liquidity or peace of mind. Switching banks Harshad Chetanwala …

    Source: Mint - Neutral
  • Published on 12:56 GMT

    How CBEX Wiped Off N1.3T In Investors’ Funds In Nine Months

    … Another Ponzi Scheme Collapses, Leaving Thousands of Nigerians Counting Losses CBEX, a digital investment platform that launched in Nigeria in July 2024 with promises of astronomical returns, has reportedly crashed, wiping off over N1.3 trillion in …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on 14:12 GMT

    How CBEX wiped off investors’ N1.3trn in nine months

    Nigerians are no strangers to Ponzi schemes, with CBEX joining a long list of successful scams. According to investors, the people behind the digital platform have carted away over N1.3 trillion from their wallets after crashing on Monday. The platform now …

    Source: Business Day - Neutral
  • Published on 16:33 GMT

    Trump fires Democratic credit union regulators

    Todd Harper, former chairman and Democratic member of the National Credit Union Administration board of directors, was dismissed by President Trump Tuesday night. Fellow Democratic board member Tanya Otsuka was also dismissed. Bloomberg News This story is …

    Source: American Banker - New York - Neutral
  • Published on 12:59 GMT

    A podcast star helped red-pill Silicon Valley. Now he's Trump's tech czar

    SIGN UP FOR THE DAILY JWR UPDATE. IT'S FREE. (AND NO SPAM!) Just click here. Before President Donald Trump promised to make America the "crypto capital of the planet" - launching a meme coin, signing two executive orders promoting …

    Source: Jewish World Review - Right-wing
  • Published on 09:09 GMT

    6 major credit union myths debunked

    Sometimes, credit unions get a bad rap. They’re not as big as some megabanks or have the same kind of marketing dollars, and as a result, they might seem harder to locate or even technologically outdated by comparison. Is their reputation well-deserved? …

    Source: Yahoo Finance - Pending
  • Published on 06:56 GMT

    Willis boosts RBNZ budget to $750 million

    CORRECTED* The Reserve Bank of New Zealand (RBNZ) will reduce its spending by 25% relative to the current financial year, even after negotiating a $30 million budget boost in a new funding deal with Finance Minister Nicola Willis. The new five-year …

    Source: interest.co.nz - Neutral
  • Published on 06:38 GMT

    CBEX: Another Ponzi scheme leaves Nigerians in tears

    When Okikiola Abdul invested $300 in a supposed forex trading platform, Cryptocurrency Exchange (CBEX), in March, he hoped to use the proceeds from his investment to rent a new apartment and finish up some personal projects. First, the idea of a 100 per …

    Source: Premium Times - Neutral
  • Published on Apr 15, 2025

    Commentary: How US could repeat mistakes of 2008 financial crisis

    Deposit insurers like the FDIC cover losses for deposits in the event of a bank failure. In theory, this coverage is capped at US$250,000 in the US and US$100,000 in Canada. In practice, as the failure of Silicon Valley Bank in 2023 made clear, there is no …

    Source: Channel News Asia - Pro-Government
  • Published on 00:11 GMT

    Stakeholders Furious as Seven Banks Pay N635.5bn AMCON Levy in Three Years

    Kayode Tokede Stakeholders in the financial service sector has expressed dissatisfaction with the massive Asset Management Corporation of Nigeria (AMCON) levy incurred by banks in the last three years. Zenith Bank Plc and six other Deposit Money Banks ( …

    Source: This Day - Pro-Government
  • Published on 00:24 GMT

    Daily Financial Regulation Update -- Tuesday, April 15, 2025

    Congress U.S. Senate Committee on Banking, Housing and Urban Affairs Senators Introduce Bill to Expand Access to Credit April 11, 2025 The Credit Access and Inclusion Act was introduced to expand credit access for millions of Americans with limited or non- …

    Source: JD Supra - California - Neutral

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