All posts tagged "interest"
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400Asia-PacificBangladesh Banks Warned Against Overly Generous Interest Waivers
The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.
April 29, 2022 -
318KoreaKorea Extends SME Loan Support for Another Six Mouths
A survey by the Korea Federation of SMEs found the support measures have helped about 80 percent of SMEs to sustain their business activities.
March 29, 2022 -
716FeatureTaiwan Allows Investors to Use Pre-settled Funds for Stock Trading
Investors will be able to use claims on pre-settled funds from the sale of stock as collateral for trading, which will improve market liquidity and investor convenience.
January 17, 2022 -
512ChinaCBIRC Targets Disorderly Expansion of Credit Card Market
Under new draft rules, banks are required to reduce interest and fee charges, prevent excessive credit usage, and better control credit risk in card operations.
January 3, 2022 -
241Australia & NZANZ Faces Class Action for Over Credit Card Interest Charges
The class action alleges ANZ contravened the ASIC Act by charging retrospective interest and interest on purchases that were paid off in a timely manner.
December 9, 2021 -
436ChinaPBOC Seeks to Enhance CBDC Design and Functionality
The PBOC will improve the e-CNY's settlement efficiency, privacy protection, anti-counterfeiting measures, and interoperability with existing payment tools.
November 12, 2021 -
289InternationalIBA Launches New RFR Indexes to Facilitate LIBOR Transition
IBA has now launched RFR indexes for SOFR, SONIA, €STR and TONA, providing daily values that represent accrued compound interest.
September 24, 2021 -
520Capital / LiquidityHong Kong Launches 100% Personal Loan Guarantee Scheme
The scheme provides a supplementary financing option for individuals suffering income loss resulting from the Covid-19 pandemic.
April 28, 2021 -
295Capital / LiquidityBOJ Expands Merger Incentives to Include Community Lenders
The BOJ will pay an additional 0.1% interest to smaller lenders that decide to merge, integrate their businesses, or meet overhead reduction targets.
January 3, 2021 -
343Australia & NZASIC Files Court Proceedings Against CBA for Overcharged Interest
The overcharging of interest in overdraft accounts was caused by a systems error, which CBA tried to fix manually. ASIC says the bank broke the law over 12,000 times.
December 2, 2020
