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Why Main Street banks Are Doing Better Than Wall Street Firms
If you are looking for another sign that the economy is rebounding and that average Americans are finally…
Stocks, Oil Rise In Asia After U.S. Records, Dollar Weakens
Asian stock markets rose on Tuesday after a record-setting day on Wall Street, while bitcoin paused for breath…
Nigeria’s Security and Exchange Commission Recognises Cryptocurrencies,…
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has faulted the recent action of the…
Why We Banned Cryptocurrency Trading In Nigeria – CBN
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of…
Dollar Nurses Losses As U.S. Economic Doubts Undercut Rally
The dollar nursed losses against most currencies on Monday as disappointing U.S. jobs data caused some investors to…
Asian Shares, Oil Buoyant On Economic Revival Hopes
Asian shares hovered near record highs on Monday while oil surpassed $60 a barrel on hopes a $1.9 trillion COVID-19…
SoftBank Posts Third-Quarter Profit Gain As Vision Fund Rallies
SoftBank Group Corp on Monday recorded an 844 billion yen ($8 billion) profit at its Vision Fund unit in the three…
Which Central Banks Have The Biggest Footprint In FX?
With the dollar turning into a safe haven during the pandemic, risk appetite has become one of the most crucial…
Mortgage Refinancing Suddenly Surges, But Homebuyers Stall Due To Sticker Shock
Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may have…
These Workers Could See The Biggest Pay Bump From A $15 Federal Minimum Wage
Millions of workers in the U.S. could be in for a pay raise as Democrats move to pass a $15 federal minimum wage…
Dollar Strengthens On U.S. Economic Outlook; Euro Dips Below $1.20
The dollar strengthened to two-month highs against the euro and yen, after data pointed to an improvement in the…
Deutsche’s Trim Investment Bank Is Model For Peers
In recent years, the mere mention of Deutsche Bank’s wholesale business has been enough to elicit a titter from…
Investment Banking Boom Lands Deutsche Bank First Profit Since 2014
Deutsche Bank eked out a small annual profit in 2020, its first since 2014, saying on Thursday it had made strong…
Capital Market, Viable Funding Source For SMEs – Nigerian Stock Exchange
The Nigerian Stock Exchange has described the capital market as a viable source of funding for Small and Medium…
Stocks Shed N20Bn As Insurance Firms Lead Losers
Investors lost N20bn on Wednesday as the nation’s stock market extended its decline to the third consecutive…
Alibaba Revenues Soar But Ant Group Float Uncertain
The company founded by Jack Ma saw revenues up 37% against the same quarter of 2019 to 221bn yuan ($34.2bn,…
Exclusive: Suspected Chinese Hackers Used SolarWinds Bug To Spy On U.S. Payroll…
Suspected Chinese hackers exploited a flaw in software made by SolarWinds Corp to help break into U.S. government…
‘Naira Depreciation Increases Cost-Input Pressures, Weakens Production’
According to the Manufacturers Association of Nigeria (MAN), the depreciation in value of the Naira reduces…
US Treasury’s Yellen To Meet Regulators About GameStop Volatility
United States Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss…
How To Get The Most Covid Financial Relief When Filing Your Taxes This Year
No one likes doing their taxes.
But there is very good reason for everyone to file a federal tax return this…
‘Everybody Is Scared Of 2021.’ Europeans Are Losing Jobs, Businesses…
Last year was looking like a record breaker for Chris Wiseheart's transport company in Prague. Wiseheart,…
Amazon Gets Court To Block $3.3 Billion Retail Deal Involving India’s…
Amazon has been handed a major legal victory in its fight to block a multibillion-dollar deal between two of…
Canadian Dollar Leads G10 Peers As U.S. Stimulus Hopes Rise
The Canadian dollar strengthened against its U.S. counterpart and all the other G10 currencies on Tuesday, as oil…
UK’s Austerity Guru Shows Better Timing As Banker
George Osborne is perhaps best-known for cutting government spending far too quickly as British finance minister…
Portugal’s Economy Fell 7.6% In 2020, Biggest Drop Since 1936
LISBON, Feb 2 (Reuters) - Portugal’s economy shrank 7.6% last year, its biggest annual slump since 1936, and the…
Euro Zone Fourth-Quarter GDP Falls Less Than Expected, Another Fall Seen In First…
The European Union’s statistics office Eurostat said that according to its preliminary flash estimate, gross…
Banks’ Non-Performing Loans Rise To N1.5Tn
The non-performing loans in the banking sector rose by N333bn as of the end of the third quarter of 2020 to N1.5tn…
UBN, Transcorp Top Trades On NSE As Index Drops 0.13%
Union Bank of Nigeria (UBN) Plc, Transcorp and UBA Plc were the most active stocks yesterday as the stock market…
Banking Gearing Up For Major Restructuring
The banking sector is experiencing a paradigm shift with traditional banks facing stiff competition from new…
Paternity Scandal: FCMB Adam Nuru Proceeds on Voluntary Leave to Allow Independent…
The embattled Managing Director of First City Monument Bank (FCMB), Mr. Adam Nuru has reportedly volunteered to…