Banking ExclusiveStandard Chartered launches 8 African digital-only banks within a yearInternational FinanceFebruary 28, 2020March 18, 2020 by International FinanceFebruary 28, 2020March 18, 2020 The decision to launch digital-only retail banks was driven by increasing consumer demand... Read more
Banking FeaturedBanks will seek blockchain adoption in next three to five yearsInternational FinanceFebruary 25, 2020March 18, 2020 by International FinanceFebruary 25, 2020March 18, 2020 JP Morgan in its report notes that blockchain is vital to fast payments and digital currency... Read more
Banking FeaturedMorgan Stanley to acquire online trading firm Etrade for $13 bnInternational FinanceFebruary 24, 2020March 18, 2020 by International FinanceFebruary 24, 2020March 18, 2020 The acquisition will allow Morgan Stanley to tap into Etrade’s 5.2 mn retail investors... Read more
Banking FeaturedSouth Africa to set up wealth fund, state bank to improve financial accessInternational FinanceFebruary 15, 2020March 18, 2020 by International FinanceFebruary 15, 2020March 18, 2020 The plans for both proposals were announced by President Cyril Ramaphosa in his 2020 State of the Nation Address... Read more
Banking FeaturedDIB becomes world’s largest Islamic bank with Noor Bank acquisitionInternational FinanceJanuary 23, 2020March 18, 2020 by International FinanceJanuary 23, 2020March 18, 2020 DIB will have total assets worth Dh275 billion, making it the fourth largest bank in the UAE... Read more
Economy FeaturedEgypt’s external debt increases 17.47% to $109.363 bn last SeptemberInternational FinanceJanuary 20, 2020March 18, 2020 by International FinanceJanuary 20, 2020March 18, 2020 The World Bank estimates Egypt’s volume of long-debt to be more than $98.3 billion... Read more
Banking FeaturedSouth Africa slashes interest rates to lowest in four yearsInternational FinanceJanuary 17, 2020March 18, 2020 by International FinanceJanuary 17, 2020March 18, 2020 The Monetary Policy Committee voted in unison to lower the repurchase rate to 6.25% from 6.5%... Read more
Banking FeaturedCiti Singapore adjusts pay for women to bridge gender gapInternational FinanceJanuary 17, 2020March 18, 2020 by International FinanceJanuary 17, 2020March 18, 2020 The bank’s global pay equity review found that women staff did not receive equal compensation for the same task performed... Read more
Fintech MagazineLifetime financial planning: What is the better trade off?International FinanceJanuary 16, 2020April 2, 2020 by International FinanceJanuary 16, 2020April 2, 2020 Singapore fintech startup BetterTradeOff’s solution solve the loss of human touch and contextualisation in financial planning for individuals... Read more
Brokerage FeaturedGoldman’s workforce expansion in China is part of five-year strategy planInternational FinanceJanuary 14, 2020March 18, 2020 by International FinanceJanuary 14, 2020March 18, 2020 The headcount will increase by 600 employees in Goldman Sach’s mainland operations... Read more