After the financial meltdown of 2008 it's time to see what we can learn from other systems across the globe. In Malaysia, the international hub for Islamic finance, a new generation of young bankers has found an answer in Islamic banking, which is based on the laws of the Sharia. Surprisingly enough, in this new venue female bankers are leading the way. "Sisters of Islamic Banking" features four high potential female bankers in Kuala Lumpur and Bahrein.

This 2009 entertaining documentary film explores the history of banking, the selling out of the prosperity of Canada, the clearance sale of Canadian businesses and the political liquidation of public infrastructures to the multi-national corporate oligarchy. How has this led to the biggest economic crash / recession / depression in Canadian history? Could it have something to do with our politicians listening to international bankers and corporations instead of the people Canada? How does the Canadian banking system really work? How does the central Bank of Canada compare with the American Federal Reserve?

The yield on 10-year U.S. treasury bonds was at roughly 1% in January 2022, and the German bonds were trading at -0.5%. That signaled the drastically bad effect inflation would have for stocks and bonds. An increase in inflation could increase bond yields, which only means bad things for stocks. Because there’s an inverse relation between yields and bond prices, higher yields indicate a price fall for them.

Russia’s central bank digital currency (CBDC) pilot rollout, initially scheduled for April 1, has been delayed as the country’s central bank awaits approval for a specific law. The legislation on CBDC could be approved by the Russian State Duma next month and come into effect in May, state-owned news agency TASS reported.

How the Federal Reserve drained the financial system of deposits

While the government is reassuring depositors that their funds are safe, the collapse has highlighted some fundamental flaws in our banking…

and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago. The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money.

Goldman Sachs has lost $3.03 billion in nearly three years on its group of businesses, called Platform Solutions, that houses Apple Card. Bloomberg reports that the credit card made up a significant portion of those losses. In a regulatory filing disclosed Friday, Goldman Sachs revealed that from the start of 2020 through the end of September 2022, Platform Solutions’ pretax losses amounted to $3.03 billion.

Once revered as the safest way to store physical valuables, safe deposit boxes are now being phased out by major banks.

A French-speaking criminal group codenamed OPERA1ER has pulled off more than 30 cyber-heists against telecom organizations and banks across Africa, Asia, and Latin America, stealing upwards of $30 million over four years, according to security researchers.

Today (June 22), Citi made the announcement that it has chosen METACO as the partner to develop and trial digital asset custody capabilities. Through this agreement, METACO’s technology and digital solutions will be combined with Citi’s extensive custody network in order to establish a platform that will allow customers to hold and settle digital assets such as Bitcoin (BTC) in a safe and straightforward manner, according to a Business Wire report.

Russia is turning to microchip manufactures in China to circumvent western sanctions which have boosted demand for bank cards linked to the Mir payment system, an executive with the domestic payment system said.

U.S. authorities have cautioned banks about possible cyberattacks following Russia’s recent invasion of Ukraine, but experts say financial institutions also face particular risks in a more murky area of their business—the now ubiquitous artificial-intelligence models that handle everything from lending to trading.

Massive leak reveals Swiss bank’s accounts have been used by an array of high-risk clients over several decades

Five major Canadian banks went offline for hours blocking access to online and mobile banking as well as e-transfers for customers. The banks reportedly hit by the outage include Royal Bank of Canada (RBC), BMO (Bank of Montreal), Scotiabank, and the Canadian Imperial Bank of Commerce (CIBC).

Big banks are pumping billions into new oil and gas production despite net zero pledges, campaigners have said. Banks including HSBC, Barclays and Deutsche Bank are still backing new oil and gas despite being part of a green banking group, ShareAction said. Investors should force banks to demand green plans from fossil fuel firms before funding them, it said.

Toronto-Dominion Bank has frozen two personal bank accounts into which C$1.4 million ($1.1 million) had been deposited to support protesters fighting the Canadian government's pandemic measures, a bank spokesperson said on Saturday.

Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty.

JPMorgan Chase is paying $200 million in fines to two U.S. banking regulators to settle charges that its Wall Street division allowed employees to use WhatsApp and other platforms to circumvent federal record-keeping laws. The Securities and Exchange Commission said Friday that JPMorgan Securities agreed to pay $125 million after admitting to “widespread” record-keeping failures in recent years. The Commodity Futures Trading Commission also said Friday that it had fined the bank $75 million for allowing unapproved communications since at least 2015.

The crypto economy is about to expand. Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products, CNBC has learned.