The first payments in compensation to depositors who lost their savings in the devastating bank bail-in of 2013 will be sent out by the end of June this year, Finance Minister Makis Keravnos ...

The BSP’s statement asserted that its pending second Motion for Reconsideration “does not prevent AMA Bank from reopening and paying its depositors and creditors.” However, AMA Bank observes ...

The National Treasury has assured depositors of Ithala SOC Limited that their deposits will be protected by a government guarantee after the Prudential Authority (PA) announced it had filed papers ...

The National Treasury has moved to assure the retail depositors of Ithala SOC Limited that their deposits will be protected by a government guarantee, subject to the conclusion of the necessary ...

Depositors often become more receptive to switching banks when a familiar brand or branch network is sold or rebranded, or when their go-to banker leaves. For acquirers, the reality is they will ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Building a global retail bank is hard work. If Santander decides to pull out of the UK, it could find ...

Capital One was sued by the Consumer Financial Protection Bureau for allegedly misleading consumers about its offerings for high-interest savings accounts. As a result, customers lost more than $2 ...

As the industry grapples with tight liquidity, it is forcing banks to ensure that depositors’ money is retained in the system, even if they have to pay a higher interest, bankers say.

Depositors of the failed bank will automatically become depositors of Millennium Bank and don't have to take any action to have access to their accounts, according to the FDIC. The closure of Pulaski ...

Ithala’s imminent liquidation comes after decades of attempting to get a banking licence and after it disregarded a national government directive by the Prudential Authority (PA) more than a ...

Upon maturity the principal and variable interest earned are paid to the depositor. A jumbo certificate of deposit is a CD that has a larger minimum deposit, which is $100,000, compared to regular ...

National Treasury has assured the retail depositors of Ithala SOC Limited that their deposits will be protected by a government guarantee, subject to the conclusion of the necessary technical work.