Nearly 90% of businesses are turning to tokenised money, DBS survey shows

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06, 2023 in Washington, DC. Win Mcnamee | Getty Images Expectations are high that when banks…

In the hills of Emilia-Romagna, a bank vault holds more than half a million wheels of Parmigiano Reggiano, worth well over 300 million euros. The vault belongs to the bank Credito Emiliano, known colloquially as Credem, which has long accepted young wheels of Parmigiano Reggiano as collateral for loans to local dairy farms since 1953….

Investors often assume that spreading their money across different mutual fund categories automatically creates a diversified portfolio. A combination of one flexi-cap, one mid-cap and one small-cap fund may appear to offer exposure across companies of different sizes. However, experts say the number and labels of funds are less important than what the schemes actually…

The Reserve Bank of India (RBI) on Thursday allowed banks to access its concessional dollar-rupee swap facility for Foreign Currency Non-Resident (Bank), or FCNR(B), deposits outside their designated weekly window for transactions exceeding $100 million, sources aware of the development said.   Market participants said move would give banks greater flexibility to transfer large dollar…

News Updated: Saturday, September 12, 2026, 15:00 [IST] The Nagaland state is declaring its Sambad Dear Saturday Weekly lottery results on September 12, 2026. The Saturday Dear lucky draws consist of three lotteries. These are the Dear Vision Morning lottery result, scheduled for 1PM. This is followed by Dear Elite Evening lottery result which went…