HSBC’s ‘pivot to Asia’ working as Asian business shows robust growth
$1 billion of the up to $17 billion investments in Asia and technology were already invested in the first quarter of 2019...
Category : Banking
BNP Paribas profit up 22%, to save extra €500 mn in costs this year
Profit at the largest French bank was boosted by the sale of its 14.3% stake in India’s SBI Life Insurance...
Equity Bank in preliminary deal to acquire stakes in four African banks
Equity Bank will purchase stakes in four African banks in Zambia, Mozambique, Tanzania, and Rwanda...
Noor Bank acquisition: DIB can increase market share in loans, deposits by 2%
Noor Bank is available at a discount, M&A helps DIB consolidate position...
GIB: Foreign bank locally incorporated in Saudi Arabia for first time
GIB Saudi Arabia will operate as a full-fledged local bank offering banking services across the Kingdom...
Crédit Agricole, Santander take innovative route to M&A for cost savings
The combined operations will have assets worth €3.34 trillion and €1.83 trillion, under custody and administration respectively...
Italy’s UniCredit to pay $1.3 bn to settle US Iran sanctions violation
UniCredit and two of its banking units plead guilty to illegal funds transfer...
Foreigners can now own up to 40% in First Abu Dhabi Bank
The UAE central bank approves raising foreign ownership limit from 25%...
Card-based payments might double in Cambodia by 2022
The Cambodian government and the National Bank of Cambodia have modified the financial infrastructure in the country. As a first step, card payments will become more frequent...
Standard Bank Group selects AWS as its preferred cloud provider
One of Africa’s largest lenders selects AWS to accelerate mass migration, drive digital transformation, and enhance security posture in the cloud...