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China Tells Banks To Scale Back Lending To Contain Financial Bubble Risks: Sources
China’s regulators are telling banks to trim their loan books this year to guard against risks emerging from…
Bank Of Japan Shares Hit Upper Limit For Fourth Session, Nearly Doubling This Week
Shares in the Bank of Japan, one of only a handful of central banks that are publicly listed, hit their upper limit…
African Development Bank Backs Digital Currencies, Seeks Gender Inclusion
The African Development Bank (AfDB) has thrown its weight behind digital currencies, putting in motion a machinery…
European Central Bank Has Flexibility To Counter Undesired Yield Rise: De Guindos
The European Central Bank has the flexibility to counter any undesired rise in bond yields, the bank’s vice…
Bank Of England Official Warns Inflationary ‘Tiger’ Has Awoken, Sending Bond…
U.K. bond yields rose on Friday after Bank of England Chief Economist Andy Haldane warned that…
Federal Government Seeks Asset Manager For N15tn Infraco Fraud
The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco),…
Nationwide Outage Hits Fed Reserve Banking System
Yahoo Finance's Brian Cheung joined Yahoo Finance Live to break down the details of Powell testifying on Capitol…
Deutsche Bank And Mastercard To Deepen Cooperation On Payments
Deutsche Bank and Mastercard said on Wednesday they would deepen their collaboration as the German lender aims for…
Savers Hunt For Higher Returns Outside Banks
Currency outside the banking system has in the past 10 years risen by over one hundred percent (100.40%), an…
Hike In Rates May Mark End To Cheap Consumer Credit
It was a Saturday morning when Olarika Abioye (not real name) got an unexpected message from her bank, Guaranty…
Former BOJ Executive Calls For ‘Genuine’ Review Of Central Bank…
The Bank of Japan must abandon the view it can influence public perceptions with monetary policy and conduct a…
Lloyds Profits Fall As It Targets Wealth Push
Lloyds Banking Group reported a sharp fall in profits for 2020 but resumed paying a dividend, as outgoing CEO…
Exclusive: Top Banks Asked To Justify Why They Still Clear Euro Swaps In London
Europe’s top banks must justify why they should not have to shift clearing of euro-denominated derivatives worth…
Exclusive: South African Upstart Bank Teams Up With JG Summit To Expand Into…
South African digital bank Tyme has raised $110 million in private capital and linked up with JG Summit, one of the…
Jack Ma’s Ant Group Was The Next Big Thing. Now It May Become Just A Boring…
ack Ma's Ant Group quickly became one of China's most powerful companies, and its plans for bridging the worlds…
Nigerian Banks Turning Female Marketers To Sexual Slaves – Senator
The Nigerian Senate, on Thursday, considered a bill seeking to stop employers in the private and public sectors…
Central Bank ‘Punch Bowl’ Still Brimming For Markets
Central bank support for pandemic-hit economies looks to endure well past the recovery in output, leaving investors…
Credit Suisse Targets Lending Volume After Better-Than-Expected Fourth-Quarter…
Credit Suisse on Thursday said it plans to up lending volume and capitalise on a boom in share listings, to shore…
Africa Leads Global Mobile Money Growth With 46 Percent
There are about one billion mobile money accounts globally, according to latest report by cybersecurity giants,…
Analysis: Europe Braces For Pandemic Reality To Hit Banks
Unpaid debt from pandemic-stricken borrowers has ravaged profits at Europe’s big banks and kick-started a debate…
Bitcoin’s Record Price Unsustainable Without Lower Volatility: JPMorgan
Bitcoin’s charge to a record north of $50,000 isn’t sustainable unless the cryptocurrency’s price swings cool down…
Dollar Hits Five-Month High Against Yen As Inflation Talk Boost U.S. Yields
The dollar held the upper hand against low-yielding currencies on Wednesday, hitting a five-month high against the…
Column: Central Bank Digi Cash Spooking Shadow Economy To Crypto
If central bank digital cash is to rapidly replace banknotes, a shadow economy worth trillions of dollars may creep…
Uncompleted Projects: Senate Chides DPR For Paying N1.8bn
The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn by the…
The Nigerian Banking Sector Lost N5bn To Fraud In Nine Months, Says NIBSS
The Nigeria Inter-Bank Settlement System Plc has said that more than N5bn was lost as a result of fraud in the…
Olam, BAT, Eight Others Earned $100m From Exports – Central Bank Of Nigeria
Top 10 exporters in the country exported non-oil goods worth $100.88m in November, according to the Central Bank of…
Okonjo-Iweala, Mo Ibrahim, Adesina Headline Ehingbeti As Summit Opens Tuesday
Notable business leaders and political figures across the globe will be joining the private sector in setting…
Mastercard Brings Crypto Onto Its Network
Whatever your opinions on cryptocurrencies — from a dyed-in-wool fanatic to utter skeptic — the fact remains…
Access, GT Banks Close Accounts Of Cryptocurrency Traders
The CBN had on February 5 directed banks to close the accounts of those involved in cryptocurrency transactions in…
Buhari Approves Take-Off Of Trillion Naira Company Infra-Co
President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure…