Banking

MONEY MARKET Deposit Money Banks’ reliance on the loans from the Central Bank of Nigeria (CBN) fell sharply by…

Nigerian lenders will drop below minimum capital buffers required by regulators should the economy shrink further…

Mutual Funds are gaining wide acceptance in Nigeria’s investment climate, with savvy investors choosing the…

I often wonder about the wind of change that is sweeping across the Nigerian banking industry, especially the…

The advent of financial technology (fintech) companies have changed the dynamics in the nation’s banking and…

OTTAWA — The Bank of Canada kept its key interest rate on hold Wednesday as it said the country's economy won't…

Britain’s main banks will have extra time before they have to say publicly how they could be closed down in a…

The continued closure of commercial banks in Abakaliki, the Ebonyi State capital, in the wake of the violent…

Heritage Bank Plc has said it is set to commence the account opening with Bank Verification Numbers for the…

A Federal High Court in Abuja has set aside an order against the Central Bank of Nigeria (CBN) in respect of a…

Morgan Stanley is making more, and paying more. Logical as that sounds, it’s also rather daring. Handing over big…

Some of the world’s top economies could see their credit ratings cut or put on downgrade warnings in the coming…

The total banking industry credit to customers in the 36 states of the federation and Federal Capital Territory…

Polaris Bank has re-launched its popular Salary Advance with an added capability of enabling non-account holders to…

Civil servant Amos Dam is frustrated after waiting two hours to enter a bank in Nigeria’s capital Abuja. He is one…

Bank of England (BOE) governor Andrew Bailey has denied that the central bank’s latest policy statement implied…

The economic downturn in Nigeria is forcing the nation’s lenders to rewrite their business plans. A shortage of…

Experts, yesterday, blamed the preponderance of dirty notes on corruption and lack of political will, as 22,000…

At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley, Bank of…

Citibank has a big problem: It mistakenly wired roughly $175 million to Brigade Capital Management, and the hedge…

Sterling remained driven by the weaker U.S. dollar on Wednesday in thin August trading, even though British…

The country’s foreign reserves fell by $544.94m from $36.17bn on July 1 to $35.62bn on August 13, the latest…

Turkish authorities are working on a plan to exempt global investment banks from some restrictions on swapping…

Andrew Bailey, governor of the Bank of England, poses for a photograph on his first day in the post at the central…

Treasury yields edged higher on Monday following last week’s decline that pushed some of the frond-end rates to…

Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global…

Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the central…

Falling interest rates are tempting some Americans to forego safety and pour their savings into assets such as…

Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the Central…

Black and ethnic minority figures are set to feature on British currency for the first time, with Gurkha heroes and…