News: Banking — Bazar361
Latest news on Iran's economy, currency, gold and capital markets.
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Iran Issues Foreign Currency Facility Rules for Essential Goods Imports
Iran announced foreign currency credit facilities with up to six-month repayment terms for essential goods imports. Banks may now issue letters of credit and currency transfers to sustain food security.
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Swiss National Bank Reports 25 Billion Franc First-Half Profit
The SNB posted a 25 billion franc H1 2026 profit, driven by 31.7 billion in FX gains, while a 6.4 billion franc gold valuation loss partially offset the result.
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Iran Judiciary Orders End to Blanket Bank Account Freezes for Businesses
Tehran's judiciary has ordered courts and tax agencies to stop blanket bank account freezes for indebted businesses, requiring narrower application of debt-collection law.
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Beh Pardakht Mellat Marks 20 Years with 88 Billion Transactions Processed
Beh Pardakht Mellat processed 10.5 billion transactions in 1404 — 29 million per day — retaining its lead in Iran's Shaparak payment network as the company marks 20 years of operation.
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Banca Ifis Shares Plunge 24% After Profit Guidance Cut and NPL Unit Sale
Banca Ifis shares fell 24% Friday after the Italian bank slashed its 2026 profit forecast and began selling its €1.5bn NPL portfolio.
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Bank of Korea Extends Forex Reserve Remuneration Six Months to Stabilize Currency
Bank of Korea extended its forex reserve remuneration program for six more months to incentivize foreign currency deposits and stabilize exchange rate pressures.
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Central Bank Approves Foreign Currency Investment Fund Regulations
Iran's Central Bank approved guidelines for establishing fixed-income foreign currency investment funds. Economic analysts warn the funds may lack appeal due to Iran's disconnection from global markets, arguing that only full integration into international capital markets would make these dollar-based instruments attractive to investors.
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Iran Central Bank Issues New 100,000-Toman Banknotes Commemorating Minab School Martyrs
Iran's Central Bank announced the issuance of a new series of 100,000-Toman Iran-checks bearing the memorial design of the Minab school martyrs, honoring the 168 students, teachers and staff killed in the incident. The notes will gradually enter the banking network with unchanged security features.
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Bank Saderat to Issue 360,000 Loans to Iranian Pensioners in 1405
Bank Saderat Iran will issue more than 360,000 loans to retirees in 1405 under a new MoU with the Civil Servants Pension Fund, up from 320,000 in 1404.
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Korean Banks on Alert as Hong Kong ELS Fines and Soaring FX Squeeze CET1 Ratios
Korean financial holdings face emergency pressure on CET1 capital ratios as ELS / LTV fines multiply risk-weighted assets and prolonged high FX rates lift foreign-asset valuations.
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DBS to Open 18 New Asian Wealth Centres by 2027 in Largest-Ever Expansion
Singapore's DBS will open 18 new wealth centres across Singapore, HK, mainland China, India, Indonesia and Taiwan by 2027 and upgrade 36 existing ones — largest physical wealth expansion ever.
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Former Barclays CEO Jes Staley to Be Interviewed by House Oversight on Epstein Ties July 23
Ex-JPMorgan exec and Barclays CEO Jes Staley agreed to a voluntary transcribed interview with House Oversight Committee about ties to Jeffrey Epstein on July 23.
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Dimon Escalates Stablecoin Rewards Fight: 'The Banks Will Not Accept It'
Jamie Dimon escalated his attack on Coinbase CEO Brian Armstrong and warned the latest Clarity Act could fail without addressing traditional banks' concerns over stablecoin yield/rewards.
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JPMorgan CEO Dimon Says Bank Could Spend Up to $20 Billion on Acquisition
Jamie Dimon told a NY financial conference JPMorgan could spend up to $20B on acquisitions in coming years — the largest deal of his 20-year tenure and a test of regulator appetite for big-bank consolidation.
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Iranian MP Says Marriage-Loan Backlog Will Be Cleared by Year-End
MP Fatemeh Mohammadbeigi said Iran's central bank has sharply raised marriage-loan funding so the entire queue will clear by year-end; 5.3 million couples have already received the loans totaling about 8.7 trillion rials.
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JPMorgan CEO Dimon: Bank Will Hire More AI Staff and Fewer Bankers
JPMorgan CEO Jamie Dimon said the bank will hire more AI specialists and fewer traditional bankers, expecting overall headcount to fall as productivity rises.