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...
Category : Banking
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...
South African banks under strain; sharpest decline in earnings
The banks are also forced to cut interest rates because of the pandemic...
KCB to acquire Imperial Bank under receivership
Five years ago, Imperial Bank was placed under receivership on the basis of inappropriate banking practice...
New digital bank called Sparkle launches in Nigeria
Sparkle is launched by former Diamond Bank CEO and tech entrepreneur Uzoma Dozie...
Qatar Central Bank eyes blockchain for VC funding and SME growth
The central bank is keen to explore distributed ledger technology use cases and its impact on businesses in the country...