United Commercial Bank Ltd. has joined the Omnibus ATM network, an official for the Bangladesh-based bank tells CardLine Global. The network connects proprietary ATM networks in the country, the spokesperson says. "Our customers will now be able to use the [Omnibus] network of 273 ATMs," the spokesperson says. Bangladesh-based BRAC Bank led the formation of the network in 2007. The network now includes four financial institutions. The network also includes 1,200 point-of-sale terminals. Omnibus estimates it has a cardholder base of 1 million.
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The recent uptick in commercial-and-industrial lending is the result of disruption in the private credit sector, one economist argues. Bank analysts say the upheaval in private credit is one factor among many.
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The president's son has seemingly cut ties with the digital asset fintech ALT5 Sigma, whose shares lost 90% of their value after purchasing the tokens.
April 30 -
The Consumer Financial Protection Bureau finalized a new version of a small-business lending rule that took 17 years to get over the finish line. Banks are still lobbying for the rule to be repealed.
April 30 -
New York extracted $5 million and a broker registration from Uphold over its promotion of CredEarn, a yield product whose issuer collapsed in 2020.
April 30 -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
April 30 -
The San Antonio-based bank reported annual declines in net charge-offs and nonaccrual loans, extending a run of solid credit-quality trends at Texas-based regional banks.
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