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Best CD rates today, July 24, 2025 (lock in up to 5.5% APY)
Best CD rates today, July 24, 2025 (lock in up to 5.5% APY)

Yahoo

timean hour ago

  • Business
  • Yahoo

Best CD rates today, July 24, 2025 (lock in up to 5.5% APY)

Find out which banks are offering the best CD rates right now. If you're looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about where CD rates stand today and how to find the best rates available. Banks with the best CD rates today CD rates are relatively high compared to historical averages. That said, CD rates have been on the decline since last year when the Federal Reserve began cutting its target rate. The good news is that several financial institutions offer competitive rates of 4% APY and up, particularly online banks. As of July 24, 2025, the highest CD rate is 5.5% APY, offered by Gainbridge® on its 5-year CD. There is a $1000 minimum opening deposit required. Here is a look at some of the best CD rates available today from our verified partners: This embedded content is not available in your region. CD rate predictions for 2025 The Federal Reserve recently began decreasing the federal funds rate in light of slowing inflation and an overall improved economic outlook. It cut its target rate three times in late 2024 by a total of one percentage point. The Fed has indicated it will continue cutting its target rate in 2025. However, it now projects a total of two cuts, down from its previous projection of four. The federal funds rate doesn't directly impact deposit interest rates, though they are correlated. When the Fed lowers rates, financial institutions typically follow suit (and vice versa). So now that the Fed has lowered its rate, CD rates are beginning to fall again. That's why now may be a good time to put your money in a CD and lock in today's best rates. How to open a CD The process for opening a CD account varies by financial institution. However, there are a few general steps you can expect to follow: Research CD rates: One of the most important factors to consider when opening a CD is whether the account provides a competitive rate. You can easily compare CD rates online to find the best offers. Choose an account that meets your needs: While a CD's interest rate is a key consideration, it shouldn't be the only one. You should also evaluate the CD's term length, minimum opening deposit requirements, and fees to ensure a particular account fits your financial needs and goals. For example, you want to avoid choosing a CD term that's too long, otherwise you'll be subject to an early withdrawal penalty if you need to pull out your funds before the CD matures. Get your documents ready: When opening a bank account, you will need to provide a few pieces of information, including your Social Security number, address, and driver's license or passport number. Having these documents on hand will help streamline the application process. Complete the application: These days, many financial institutions allow you to apply for an account online, though you might have to visit the branch in some cases. Either way, the application for a new CD should only take a few minutes to complete. And in many cases, you'll get your approval decision instantly. Fund the account: Once your CD application is approved, it's time to fund the account. This can usually be done by transferring money from another account or mailing a check. Read more: Step-by-step instructions for opening a CD This embedded content is not available in your region.

The World of Mining Comes to London: Introducing London Mining Week
The World of Mining Comes to London: Introducing London Mining Week

Globe and Mail

time2 hours ago

  • Business
  • Globe and Mail

The World of Mining Comes to London: Introducing London Mining Week

London, United Kingdom--(Newsfile Corp. - July 25, 2025) - London is set to become the global capital of mining with the launch of London Mining Week - a new Beacon Events initiative uniting leaders, investors, policymakers, and innovators for five days of mining-focused events across the city. From deal-making in Mayfair and panel debates in Islington to networking receptions in the Square Mile, the week mirrors the momentum of an industry critical to the global economy - and to securing the minerals that power our future. With its unrivalled concentration of financial institutions, legal expertise, and international mining leadership, London is the ideal platform for strategic dialogue and cross-border collaboration. Decision-makers worldwide will converge on the city for high-level meetings, capital-markets access, and global visibility. Whether the agenda is investment, policy, or ESG, London continues to set the pace. Anchoring the week is Resourcing Tomorrow (2-4 December), which attracts 2,000+ senior decision-makers from every corner of the mining value chain. Its international pull is the catalyst for London Mining Week's expanding programme. Nick Rastall, Event Director, Resourcing Tomorrow: "London Mining Week brings real focus to the global mining calendar—one week, one city, the full value chain represented. It's an exceptional moment for senior leaders to engage, connect, and move the industry forward." Programme Highlights: London Mining Week will bring together the full mining ecosystem - from governments and investors to majors and next-gen talent - for a high-impact week of insight, capital flow, and collaboration across the city. Learn more at About Beacon Events For over 20 years, Beacon Events has delivered world-class conferences that fuel industry growth and intelligence-sharing. Our platforms connect senior executives, business leaders, and government officials for exclusive learning and high-value networking. Flagship events include IMARC (Sydney), Resourcing Tomorrow (London), the Saudi International Iron & Steel Conference (Riyadh), and our strategic partnership with the Future Minerals Forum (Riyadh).

Today's CD Rates for July 24, 2025: Highest APYs Range From 4.25% to 4.75%
Today's CD Rates for July 24, 2025: Highest APYs Range From 4.25% to 4.75%

Wall Street Journal

timea day ago

  • Business
  • Wall Street Journal

Today's CD Rates for July 24, 2025: Highest APYs Range From 4.25% to 4.75%

Certificates of deposit (CDs) often offer the best rates for savings. However, to get the highest annual percentage yield (APY), you need to agree to keep your money with the financial institution for a set time period. Right now, the best CD rates are on short-term CDs. The Federal Deposit Insurance Corporation (FDIC) reports that the average rate on a 12-month CD is 1.75%. However, the average for the top high-yield CDs is 4.62%, according to There are also six-month CDs with competitive rates, depending on the institution, as well as promotional CDs with higher rates. Top CD rates today The best CD yield from a national bank is Northern Bank Direct, with a 4.45% APY on a nine-month CD with a $500 minimum deposit requirement. The best local bank CD rate is T Bank with a 4.55% APY on a 12-month CD with a $1,000 minimum to earn the APY. If you're looking for the highest yield, no matter where you live, review the top CD rates today.

Cloud-Based Solutions Drive Accelerated Growth with ACI, NICE Actimize, Verafin Solutions, and IMTF Leading
Cloud-Based Solutions Drive Accelerated Growth with ACI, NICE Actimize, Verafin Solutions, and IMTF Leading

Yahoo

time2 days ago

  • Business
  • Yahoo

Cloud-Based Solutions Drive Accelerated Growth with ACI, NICE Actimize, Verafin Solutions, and IMTF Leading

The global anti-money laundering (AML) software market is thriving as financial institutions and various sectors intensify efforts to adhere to stringent regulations combating financial crimes. Increasing awareness of financial fraud and the complexity of transactions are boosting demand for sophisticated AML solutions that effectively monitor, detect, and report suspicious activities, ensuring regulatory compliance. This market spans applications like BFSI, healthcare, and government, with a significant shift toward cloud-based solutions enhancing scalability. Key players such as ACI Worldwide and NICE Actimize are leading innovations with AI and machine learning, addressing evolving threats and ensuring robust compliance. Global Anti-Money Laundering Software Market Dublin, July 16, 2025 (GLOBE NEWSWIRE) -- The "Anti-Money Laundering Software Market - A Global and Regional Analysis: With Focus on End User, Component, Deployment, Software Type, and Region - Analysis and Forecast, 2025-2034" report has been added to Laundering Software Market is projected to reach $14.75 billion by 2034 from m$4.1 billion in 2025, growing at a CAGR of 15.29% The anti-money laundering software market is experiencing significant growth as financial institutions, government agencies, and various organizations are increasing their efforts to comply with stricter regulations designed to combat financial crimes, including money laundering and terrorist financing. The rising awareness of financial fraud, along with the growing number of complex financial transactions, is driving demand for advanced anti-money laundering (AML) software solutions. These solutions offer efficient monitoring, detection, and reporting of suspicious activities, ensuring that institutions remain compliant with regulatory requirements while minimizing their risk exposure. The anti-money laundering software market is segmented based on applications, products, components, deployment methods, software types, and geographical regions. The market includes a variety of applications, ranging from IT and telecommunications to healthcare, transportation, and logistics. Financial institutions, particularly within the banking, financial services, and insurance (BFSI) sectors, continue to be the primary drivers of the Anti-Money Laundering Software Market. Additionally, the emergence of cloud-based deployment options is enhancing the scalability and accessibility of AML software solutions, further accelerating the market's expansion. Anti-Money Laundering Software Market Lifecycle Stage The anti-money laundering software market has transitioned from an emerging stage to a rapid-growth phase. Initially driven by regulatory requirements and the need for financial institutions to comply with stringent anti-money laundering laws, the market has expanded significantly due to advancements in technology and increasing sophistication of financial crimes. As the threat of money laundering evolves, organizations are seeking more advanced and automated solutions to detect suspicious activity and ensure compliance. The market is characterized by continuous innovation, with vendors developing solutions that integrate artificial intelligence (AI), machine learning (ML), and data analytics to enhance detection capabilities. Additionally, the growing adoption of cloud-based deployment options has increased accessibility and scalability, further fueling market growth. The anti-money laundering software market is now experiencing greater demand across various sectors, including banking, healthcare, retail, and government, making it a key segment within the broader financial technology landscape. Anti-Money Laundering Software Market Key Players and Competition Synopsis Key players in the Anti-Money Laundering Software Market include leading companies that are actively developing and enhancing their software offerings to address the increasing complexity of money laundering activities. These players focus on the integration of cutting-edge technologies, partnerships, and product innovations to capture market share in a competitive and highly regulated environment. Key players of the market include ACI Worldwide, Inc., NICE Actimize, Verafin Solutions ULC, and IMTF among others. Ongoing competitive dynamics include M&A activity in Asia-Pacific, joint ventures for localized production, and differentiated binder formulations tailored for enhanced thermal, chemical, and mechanical performance. Demand Drivers and LimitationsThe following are the demand drivers for the global anti-money laundering software market: Increasing regulatory compliance requirements across financial and non-financial sectors Rising sophistication of financial crimes necessitating advanced detection and monitoring solutions The global anti-money laundering software market is expected to face some limitations as well due to the following challenges: High implementation and maintenance costs associated with comprehensive AML solutions Complexity in integrating AML software with legacy systems and disparate data sources Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $4.1 Billion Forecasted Market Value (USD) by 2034 $14.75 Billion Compound Annual Growth Rate 15.3% Regions Covered Global Market Dynamics Trends: Current and Future Impact Assessment Stakeholder Analysis Use Case End User and Buying Criteria Market Dynamics Overview Market Drivers Market Restraints Market Opportunities Investment Landscape and R&D Trends Future Outlook and Market Roadmap Competitive Benchmarking & Company Profiles ACI Worldwide, Inc. Eastnets Holding Ltd. Hindustan Composites HyperVerge Technologies Private Limited IMTF LexisNexis Risk Solutions Moody's Corporation NICE Actimize Thomson Reuters Corporation Verafin Solutions ULC Anti-Money Laundering Software Market SegmentationApplication:BFSI is one of the prominent application segments in the global anti-money laundering software market. IT and Telecommunications Healthcare Transportation and Logistics BFSI Defense and Government Retail Energy and Utilities Others Component:The global anti-money laundering software market is estimated to be led by the software segment under component in terms of product. Software Service Deployment: Cloud-Based On-Premise Software Type KYCC/CDD and Sanction Screening Transaction Screening Case Management and Reporting Region: North America, particularly the U.S., is expected to lead the anti-money laundering software market. North America - U.S., Canada, and Mexico Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific Rest-of-the-World - South America and Middle East and Africa For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Global Anti-Money Laundering Software Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

First Abu Dhabi Bank crosses Dh10b in H1 profit on strong growth
First Abu Dhabi Bank crosses Dh10b in H1 profit on strong growth

Khaleej Times

time2 days ago

  • Business
  • Khaleej Times

First Abu Dhabi Bank crosses Dh10b in H1 profit on strong growth

First Abu Dhabi Bank (FAB), the UAE's largest lender and one of the world's top-rated financial institutions, has reported a record net profit of Dh10.63 billion for the first half of 2025, marking a 26 per cent year-on-year increase and crossing the Dh10 billion milestone for the first time in a six-month period. The remarkable performance was underpinned by broad-based growth across business lines, accelerated customer acquisition, and expanding regional and global connectivity, the lender said in a statement. Total operating income rose 16 per cent year-on-year to Dh18.31 billion, driven by diversified revenue streams. Net interest income edged up two per cent to Dh9.96 billion, while non-interest income surged by 41 per cent to Dh8.35 billion, fueled by strong deal origination, rising fee and commission income, and robust foreign exchange and investment activity. Profit before tax reached Dh12.83 billion, a 29 per cent rise from the year-ago period. Return on Tangible Equity (RoTE) stood at 20.5 per cent, well above the bank's medium-term guidance of over 16 per cent. Earnings per share increased by 27 per cent to Dh0.93. Net profit for the second quarter alone rose 29 per cent year-on-year to Dh5.51 billion, reflecting the bank's consistency in delivering growth at scale. FAB's balance sheet remains a pillar of strength, with total assets growing 11 per cent year-to-date to Dh1.34 trillion. Loans and advances increased seven per cent to Dh568 billion, while customer deposits climbed four per cent to Dh813 billion, showing healthy traction across both wholesale and retail segments. Asset quality improved, with the non-performing loan ratio declining to a multi-year low of 2.84 per cent. FAB's Common Equity Tier 1 (CET1) ratio was a solid 13.4 per cent, and its liquidity coverage ratio stood at 152 per cent. The bank also continues to hold the strongest combined credit ratings in the region (AA- or equivalent). Group CEO Hana Al Rostamani said the exceptional results reinforce FAB's status as the UAE's global bank and a trusted partner in national development. 'We achieved new highs in the first half of 2025, driven by scale, connectivity, and AI-powered innovation. We are embedding AI into every aspect of our operations — from client onboarding and credit analytics to customer engagement and internal processes,' she said. Notably, FAB rolled out Microsoft 365 Copilot across the organisation, introduced tools like Voice Concierge and AI-driven financial planning platforms, and launched a Board AI Observer. These initiatives, according to the CEO, are already delivering measurable improvements in efficiency and client satisfaction. FAB also became the first Mena bank to join China's Cross-border Interbank Payment System (CIPS) as a direct participant, a move expected to deepen its East-West connectivity and enable new corridors for cross-border flows. Group CFO Lars Kramer said FAB's consistent and disciplined execution, supported by diversified growth, robust risk management, and targeted AI investments, has positioned the bank for long-term success. 'We delivered double-digit revenue growth across all divisions, showing strong client engagement in a dynamic market. We're also proud to have launched the region's first blockchain-based digital bond, further underlining our role in shaping the future of capital markets,' Kramer said. The bank's divisions recorded solid performances. Investment Banking and Markets saw a 17 per cent increase in revenue, backed by leadership in capital markets and landmark transactions, including financing one of the region's largest data centre projects. Wholesale Banking revenue rose 12 per cent, driven by increased activity across key economic sectors and new mandates. Personal, Business, and Wealth Banking delivered 12 per cent growth, with assets under management in private banking and wealth rising 61 per cent. Internationally, FAB's franchises in the UK, France, Switzerland, and Saudi Arabia posted strong performance, with loans and deposits growing 28 per cent and 24 per cent year-on-year, respectively. On the ESG front, the bank facilitated Dh318 billion in sustainable and transition finance by mid-2025, achieving 64 per cent of its Dh500 billion 2030 target. It maintains top-tier ESG ratings (MSCI AA, Refinitiv top 6 per cent globally).

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