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Explained: How America’s biggest bank enabled Jeffrey Epstein — and why it matters now | World News

[ad_1] JPMorgan Chase, America’s biggest bank, kept Jeffrey Epstein as a prized client for more than a decade even after he was a convicted sex offender, processing over a billion dollars in transactions and repeatedly ignoring internal alarms about suspicious activity. Executives debated, compliance officers warned, yet the bank continued to provide him with loans, […]

Infosys Jumps 4% After Finacle Deploys Digital Banking Solution Suite for PT Bank CTBC Indonesia | Udaipur Kiran

[ad_1] Mumbai, September 9 (Udaipur Kiran) — Shares of Infosys surged over 4 percent on Tuesday after its subsidiary Infosys Finacle, part of EdgeVerve Systems, announced the deployment of its Finacle Digital Banking Solution Suite for PT Bank CTBC Indonesia, a subsidiary of Taiwan’s CTBC Group. The suite has been deployed on a cloud-hosted model […]

Gold Hits Record High as Central Bank Holdings Surpass US Treasuries for First Time Since 1996 | Udaipur Kiran

[ad_1] New York, 3 September (Udaipur Kiran): Gold prices surged to historic highs on Tuesday, crossing $3,500 per troy ounce, as investors bet on a Federal Reserve interest rate cut and continued robust buying from foreign central banks. Gold futures climbed to an intraday high of $3,578, while spot gold traded above $3,516—both setting new […]

UAE: Sharjah Islamic Bank launches Ruwaad 2025 to train Emiratis for leadership roles in banking | World News

[ad_1] Sharjah Islamic Bank launched Ruwaad 2025 to train Emiratis through leadership courses, job rotations, mentorship, and technical skill-building/Image: WAM Sharjah Islamic Bank (SIB) has officially kicked off the new cycle of its flagship talent development initiative, Ruwaad 2025. The programme is tailored to nurture and prepare high-potential Emiratis for leadership roles in the banking […]

An Israeli minister announces plan that will effectively split West Bank into two

[ad_1] TEL AVIV: Israeli far-right finance minister Bezalel Smotrich announced work would start on a long-delayed settlement that would divide the West Bank and cut it off from East Jerusalem, a move his office said would “bury” the idea of a Palestinian state.The Palestinian govt, allies and campaign groups condemned the scheme. The construction on […]

RAKBANK becomes first UAE conventional bank to offer crypto trading to retail customers | World News

[ad_1] RAKBANK’s mobile app now lets customers trade major cryptocurrencies using UAE dirhams/Image: Instagram TL;DR: RAKBANK is the first traditional UAE bank to enable retail crypto trading via its mobile app. The service is delivered in collaboration with Bitpanda Broker MENA DMCC, a licensed VARA-regulated platform. Customers can buy, sell and swap Bitcoin, Ethereum, Solana, […]

Fire on Virgin Australia flight: Blaze erupts mid-air on Sydney–Hobart route likely caused by power bank; airlines to review battery policies

[ad_1] A suspected fire triggered by a power bank in carry-on luggage forced emergency response aboard a Virgin Australia flight from Sydney to Hobart on Monday, prompting the airline to review its lithium battery policies.The incident occurred during descent on Flight VA1528, when smoke and flames were seen emanating from an overhead locker. Battery fire […]

Banish evil spirits: Indian-origin astrologer arrested in NYC for scamming senior citizen, bank raised alarm

[ad_1] Indian-origin astrologer arrested in NYC for scamming a senior citizen promising to banish evil spirits. Hemanth Kumar Muneppa, a 33-year-old Indian-origin astrologer, was arrested when a bank raised an alarm that a senior citizen was probably getting scammed, as the 68-year-old woman went to the bank to withdraw $42,000. This was to meet the […]

World Bank forecasts 3.2% GCC growth in 2025, says smart spending is key to sustained growth | World News

[ad_1] GCC governments poised for growth rebound as the World Bank projects 3.2% regional GDP growth in 2025/Representative Image TL;DR: GCC real GDP growth projected at 3.2% in 2025, rising to 4.5% in 2026, up from 1.7% in 2024. Growth fueled by easing OPEC+ supply cuts and robust expansion in non-oil sectors particularly private consumption, […]

Now, central bank chief targeted for ‘ostentatious’ Fed renovation costs

[ad_1] File photo: Federal Reserve Chair Jerome Powell (Picture credit: AP) WASHINGTON: US President Trump has the authority to fire Federal Reserve chair Jerome Powell for cause if evidence supports that, White House economic adviser Kevin Hassett said Sunday, adding the Fed “has a lot to answer for” on renovation cost overruns at its Washington […]