S.African bank profits seen taking years to accept better from COVID-19 hit

Featured More Top News Armenia-Azerbaijan clashes kill at least 16, undermine regional stability At least 16 military members and several civilians were killed on Sunday in the heaviest clashes between Armenia and Azerbaijan since 2016, reigniting concern about stability in the South Caucasus, a corridor for pipelines carrying oil and gas to world markets. 6:44pm…

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UPDATE 1-Lebanon central bank asks banks to recapitalise

* Big depositors urged to repatriate funds* Lebanese banks hit by country’s financial crisis* Banks to provision for losses on Eurobond holdings (Adds comments by central bank governor)BEIRUT, Aug 27 (Reuters) – Lebanon’s central bank has told domestic banks to recapitalize through new means, urge big depositors to move funds back to the country and…

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PNC introduces push-to-debit product for B2C payments

PNC Treasury Management today announced it has expanded its payment offerings by adding push-to-debit card capabilities, called Direct to Debit Card. This addition to PNC’s payment ecosystem provides businesses with the option to send consumers payments 24/7, 365 days a year through an eligible debit card1.”PNC remains committed to expanding our digital payment capabilities and…

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