The Czech National Bank Ends Interest on Mandatory Minimum Reserves, Impacting Banks

The Czech National Bank Ends Interest on Mandatory Minimum Reserves, Impacting Banks

Next month, the Czech National Bank will end interest on deposits that banks must deposit with it as mandatory minimum reserves. This is definitely not a small amount, on average, banks held over 100 billion crowns with the CNB this year, and it will hurt the banks a lot. With this decision, the Central Bank … Read more

Counselor Turki Al-Sheikh and Talal El-Khereiji Collaborate for Special Offering in Riyadh Season

Counselor Turki Al-Sheikh and Talal El-Khereiji Collaborate for Special Offering in Riyadh Season

Al-Marsad Newspaper: Counselor Turki Al-Sheikh, Chairman of the General Entertainment Authority, published a picture of him, with Talal El-Khereiji, CEO of the Saudi National Bank SNB. Al-Sheikh appeared in the photo, smiling and clasping his hand in the hand of “Al-Khuraiji”, who stood next to him in a formal suit. “Al-Sheikh” attached the photo to … Read more

Can You Deposit Unlimited Cash if You Stay Below Verification Limits?

Can You Deposit Unlimited Cash if You Stay Below Verification Limits?

In this article, we answer the question of whether you can deposit unlimited cash if you stay below the verification limits. First of all, there is no statutory cap on how much cash can be deposited into an account. Theoretically you can deposit unlimited money. However, the banks are from a deposit amount of 10,000 … Read more

Fintech Startup FinAccel Acquires Bank Indonesia Chrome (formerly PT Bank Bisnis Internasional Tbk)

Fintech Startup FinAccel Acquires Bank Indonesia Chrome (formerly PT Bank Bisnis Internasional Tbk)

Bisnis.com, JAKARTA – Last year, a number of startup companies (startup) financial technology sector (fintech) competing to acquire banks. Now, a number of banks made by fintech it was noted that it was performing well, but some were declining. In between fintech which acquired the bank last year is the holding company platform service provided … Read more