MAS shortlists 14 applicants for digital banking licences
Out of the 14, five are digital full bank applicants and nine digital wholesale bank applicants...
Tag : banking
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...
South African banks under strain; sharpest decline in earnings
The banks are also forced to cut interest rates because of the pandemic...
Neobank diary: Data is everything
by WebAdmin
Neobanks in Southeast Asia rival traditional banks with unique digital propositions built on vast amounts of customer data...
Japan’s Shinsei Bank acquires UDC Finance for $480 mn
This is Shinsei’s biggest acquisition till date...
FAB stalls talks to acquire Bank Audi Egypt over uncertainity
Mergers and acquisitions in the Middle East are expected to grow after the negative effects of the pandemic settles...
Japan’s MUFG to close 40% of domestic branches by 2023
The bank plans to adopt more cost-cutting measures in response to the coronavirus crisis...