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Banking
Visa Moves To Allow Payment Settlements Using Cryptocurrency
Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment…
Banks Warn On Losses After Archegos Capital Stock Unwind
Nomura and Credit Suisse warned on Monday they were facing significant losses after a U.S. hedge fund, named by…
Bank Of England Urges Banks To Keep The Lending Taps Open
The Bank of England called on lenders on Friday to provide enough credit to companies to see them through the…
Dollar Holds Advantage On Economic Optimism, Euro Looks Vulnerable
The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism…
BOJ Forms Panel To Help Guide Central Bank Digital Currency Experiment
Set to begin experimenting in how to operate a central bank digital currency, the Bank of Japan said on Friday that…
Deutsche Bank CEO Willing To Give Up Investment Bank Oversight Role
Christian Sewing, chief executive officer of Deutsche Bank, is willing to give up his role overseeing the…
ECB Seeks To Allay German Misgivings About Digital Euro
The European Central Bank sought on Thursday to allay misgivings in Germany about the launch of a digital euro,…
Bank Of England Unveils New Banknote Celebrating WW2 Code-Breaker Turing
The Bank of England unveiled the design of a new banknote celebrating mathematician Alan Turing, who helped Britain…
Westpac Could Lead Australian Exit From New Zealand Banking
Westpac Banking Corp’s potential spin-off of its New Zealand unit due to tighter regulation could see some of the…
Sterling Dips As UK Vaccination Drive Faces Bump In The Road
Sterling fell on Wednesday after the European Union raised the prospect of blocking COVID-19 vaccine shipments to…
Bank Of Canada Sees More Investor Activity, Flipping In Housing -Deputy Governor
The Bank of Canada is seeing evidence of investor activity and “a lot more flipping” in some Canadian housing…
We Disburse $80m Weekly For School Fees, BTAs – Emefiele
In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians…
Report Banks Hoarding Forex – Central Bank Of Nigeria Tells Nigerians
In view of the lingering foreign exchange scarcity in the country, the Central Bank of Nigeria has urged Nigerians…
Bank Lending To Fossil Fuel Industry Down 9% In COVID-Hit Year
- The world’s biggest banks cut lending to fossil fuel firms by 9% in 2020 as a result of the pandemic, although…
Brazil Central Bank Aims To Prevent 2021 Inflation From Infecting 2022
Brazil’s central bank stands ready to raise interest rates by another 75 basis points in May in order to bring…
Union Bank’s Annual Profit Rises To N25.4bn
Union Bank of Nigeria Plc has posted an increase of 2.8 per cent in its profit before tax for the 2020 financial…
Central Bank Of Nigeria Reopens N50bn Covid Loan Portal For Households, Businesses
The Central Bank of Nigeria (CBN) is receiving applications for its N50 billion targeted credit facility (TCF)…
Turkish Lira Plunges To Near Record Low After Erdogan Sacks Central Bank Chief
Turkey’s lira briefly fell 15% to near its all-time low on Monday after President Tayyip Erdogan’s shock weekend…
Citi, J.P. Morgan Hired To Coordinate Islandsbanki IPO
Iceland’s state holding company has hired Citigroup and J.P. Morgan to help coordinate Islandsbanki’s upcoming…
Greensill Creditors Made Over $1.4 Billion In Claims In Australia Meeting:…
Administrators of collapsed British supply chain financier Greensill said on Friday 34 creditors submitted claims…
Credit Suisse Execs Earn Less Following 2020 Headaches
Credit Suisse executives earned 12% less in total aggregate compensation in 2020, the bank’s annual report showed…
EXPLAINER: What The Newly-Revised USSD Service Charge Means For Bank Customers In…
The Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) announced on Tuesday, March 16, 2021…
Morgan Stanley Becomes First Major U.S. Bank To Offer Its Wealthy Clients Access…
Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to Bitcoin funds,…
Sterling Bank Appoints Two Directors
Sterling Bank Plc has announced the appointment of Ankala Prasad and Paritosh Tripathi as non-executive directors…
Excitement, Commendations As Zenith Bank Pays N94.2bn Dividend
Shareholders of Zenith Bank Plc yesterday approved the payment of proposed N94.19 billion dividend for the year…
Central Bank Of Nigeria Appoints KPMG Transaction Adviser For InfraCorp
The Central Bank of Nigeria (CBN) has engaged KPMG LLP as transaction adviser for the newly-created Infrastructure…
Central Bank Of Nigeria Introduces New Charges For USSD Services
The apex bank said from Tuesday customers will pay a flat fee of N6.98 per transaction every time they use USSD…
Germany’s Bafin Submits Insolvency Filing To Wind Up Greensill Bank, Court…
Germany’s financial regulator Bafin has submitted a filing to a court in Bremen to start insolvency proceedings for…
Brexit Won’t Mean Lower Capital For Insurers, Says Bank Of England
A review of rules for the insurance sector after Brexit will take time to complete, but it will not lead to any…
WTO Concerned About Nigeria’s Foreign Exchange Management –…
The World Trade Organization director-general said on Monday that the WTO was concerned about Nigeria's foreign…