Postbank loses more than $3.2mn due to bank heist
The bank is now forced to replace more than 12 mn cards for its customers...
Category : Banking
Harambee Sacco, Co-op Bank launch new Visa debit cards for members
The launch of instant debit card issuance will enable quick accessibility of cash...
Equity Bank terminates acquisition talks with Altas Mara
The protracted pandemic and the uncertainty that follows has forced the bank to end acquisition of four banks in Zambia, Mozambique, Tanzania and Rwanda...
Standard Chartered extends Sh650 bn in financing for businesses
The loan extension will allow businesses to cope with the pandemic's impact...
BoE announces new £100 bn stimulus package for the UK
Threadneedle Street’s nine-member monetary policy committee has raised concerns that jobs could be more intense in retailing and hospitality...
MAS shortlists 14 applicants for digital banking licences
Out of the 14, five are digital full bank applicants and nine digital wholesale bank applicants...
Absa Bank restructures over 50,000 loan facilities for Kenyans
Absa Bank's restructuring is part of its commitment to protect customers from the adverse effects of the coronavirus pandemic...
Goldman Sachs temporarily closes Marcus for new UK customers
Since the start of the pandemic, deposits worth $5.1 billion flooded the account, with Marcus now holding an approximate total of $27 billion...
Bank of America acquires 1.51% stake in Emirates NBD
The deal is expected to cost around Dh900 mn...
NCBA Bank develops rationalisation strategy to merge branches
With this decision, NCBA Bank's number of branches in Kenya will reduce to 68...