Commercial Bank of Africa-NIG merger: No job cuts, warns Kenya
The deal will see NIG and CBA shareholders acquire 47 percent and 53 percent respectively of the merged entity...
Category : Banking
US sanctions pressure on Russia: Morgan Stanley closing banking unit
After shutting its banking unit, Morgan Stanley will keep its consulting business, which does not require a licence in Russia...
Japan banks target remittances in anti-money laundering drive
A negative FATF review could place restrictions on cross-border transactions and settlements by Japanese banks...
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...
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...