Banks in Asia

In Asia there are about 1,900 banks in 50 states with about 300,000 branches of various banks. Countries in Asia, which counted the highest number of banks, are: Russia with around 255 different banks, India with around 98 different banks, Japan with around 80 different banks, Asia is the continent with the fastest growing economy in the world. Countries that are initiators of this economic growth alongside China are Russia and India. Often we hear that China and India are two most developed economies of the world. Asia is the largest continent in the world rich in natural resources such as gas, oil, gold and other metals.

Europe central bank reported first loss after almost 20 year.

Europe central bank reported first loss after almost 20 year. Many have seen some changes in rates who sky jumped in 2023 making loans expensive. All members of EU and non-EU countries who use EURO are concerned about what will happen in future with EURO zone.   This was one necessary step to stop losing […]

American and Europe banks close more than 55 branches

New year started in hope to see a better day in our financial sector and we are getting news about Bank branches closing across Europa and USA. The plan to close bank branches will be devastating for business and communities. Europa and USA banks started to announce a branches closing this year. Danske Bank in […]

ECB concerned over early signs of bank run

The central bank of European Union analyzed data and early warning indicators who have showed that some banks may experience a bank run. ECB has asked some banks to monitor activity on social media and detect early signs of bank run. The financial problem where client rush to bank to withdraw cash and pull deposits […]

Advantages and disadvantages of central bank digital currency

A large number of CBDC supporters are gradually implementing the digital currency, the reason being the fast transfer of money as well as cheaper transaction costs. In addition to the benefits that this technology offers, the majority of users of banking services are not interested or distrustful of the digital currency that is slowly being […]

Sweden to become first cashless country in Europe by 2026

Signs read, “No cash payment in this store” is something that you see in many stores in Sweden. As announced Sweden, will stop accept bills before 2025. Right now, many countries in Europe and around the world have stopped to exchange Swedish krone. However, there are numerous reasons for such behavior one of them are […]

ECB concern over Greece non-bank financial institutions (NBFIs)

Greece passed a new low that allows non-bank financial institution (NBFIs) to lend money to households and businesses. Regarding non-banking financial institutions that somehow increase the concerns of the European Central Bank may be a just cause. The European Central Bank does not supervise these non-banking financial institutions in Greece. Problems like uncontrolled money lending […]