EXPLAINED: 5 - The Real Truth

American Express Agrees to Pay $350M Penalty After Regulators Flag $13B in Suspected Money-Laundering Activity

The OCC fined American Express $350 million after finding AML failures left $13 billion in suspected activity inadequately identified and reported.

International Business Times UK · Oct 9

‘You decided to evade them’: Former HSBC banker ‘clearly in a financial position to pay’ banned from finance for dodging $7,800 in fares

Joseph Molloy was banned not only from working in regulated financial services but also from the railway operator.

Fortune · Oct 9

US bank earnings in focus as Treasury yields surge, raising concerns over lending and dealmaking

US bank stocks face a critical earnings test as investors assess whether rising Treasury yields, higher deposit costs and slower dealmaking could offset profit growth at the six largest lenders.

The Economic Times · Oct 9

Lenders expect credit card defaults to increase in months ahead, survey finds

The Bank of England’s Credit Conditions Survey found such defaults have already increased in recent months.

Evening Standard · Oct 8

Deposit rate hikes unlikely for 3 months; RBI action to help NIMs: SBI chairman C S Setty

State Bank of India Chairman C S Setty stated there will be no deposit rate hikes for the next three months. He cited sufficient liquidity in the system as a key reason for this prediction. Setty mentioned that credit growth is expected to sustain at 14 to 15 percent over…

The Economic Times · Oct 8

Ex-Sri Lanka first lady arrested in Rs 10 million charity case

Sri Lanka’s former first lady Shiranthi Rajapaksa, the wife of former president Mahinda Rajapaksa, has been arrested over allegations of misusing LKR 10 million (approx 29.3 lakhs) linked to a charity she headed.

The Times of India · Oct 8

Higher EMIs ahead: PNB, Bank of India, Bank of Baroda and Indian Bank raise lending rates; check details

The Reserve Bank of India increased the repo rate by 25 basis points during its monetary policy meeting. This hike prompted banks like Punjab National Bank and Bank of Baroda to adjust their lending rates.

The Economic Times · Oct 8

Fino Payments Bank shares surge 13% after September business update; loan referrals jump 223%

Fino Payments Bank shares surged 13.34% to Rs 145.80 after its September 2026 business update. CASA, deposits, renewal income, digital customers, CMS throughput and loan referrals recorded strong growth, though transaction throughput and new deposit accounts declined. Despite the rally, the stock remains significantly below its 52-week high and trades…

The Economic Times · Oct 8

Former Bank Insider Pleads Guilty: $4.8M Laundered, $8K in Bribes, 50 Years on the Table

A former TD Bank employee in Florida pleaded guilty to laundering $4.8M to Colombia via bribes. He faces up to 50 years.

Latin Times · Oct 7

Smaller banks baulk at regional branch plan

Smaller banks have criticised a proposal to pool banking resources in multi-bank hubs rather than individual branches.

AAP · Oct 7