The Board of Governors of the European Bank for Reconstruction and Development (EBRD) has approved amendments to the Bank’s statutes to enable the limited and incremental expansion of its operations to sub-Saharan Africa and Iraq. The decision, taken at the […]
The World Bank and the International Monetary Fund are being challenged to make substantial reforms so that they become fit for purpose in the 21st century. Some suggest that they cannot be sufficiently reformed and should be shut down. Others, […]
African Export-Import Bank (Afreximbank) has signed an MoU with Morocco to develop a $1 billion Morocco-Africa trade and investment promotion programme. The programme aims to facilitate and guide future cooperation in areas of common interest between Afreximbank, the Ministry of […]
The Central Bank of Zimbabwe introduced this Monday a digital token backed by gold as legal tender. The aim is to help stabilize the Zimbabwean dollar and protect citizens from currency fluctuations. The gold-backed digital tokens will be a form […]
Moroccan banks Attijariwafa Bank, Groupe Banques Populaire, and Bank of Africa have secured spots among the 10 leading African banks for the year 2023, according to financial affairs publication The Banker. The African banking landscape witnessed a mixed performance in […]
It was announced on Tuesday that Swiss banking group UBS has signed a memorandum of understanding (MoU) with China’s largest lender by assets, Industrial and Commercial Bank of China (ICBC), to explore the possibility of collaborations in the Chinese and […]
The 15 largest banks in the United States (U.S.) hold a combined total of $13.6 trillion in assets as of March 31, 2023. Every so often there are changes to this exclusive club. Larger banks trade places with one another […]
(Bloomberg) — The Goliaths of US banking are getting even bigger after a series of regional lender failures funneled assets into giants such as JPMorgan Chase & Co., according to an analysis by S&P Global Market Intelligence. More than 70% […]
Dear big banks, We need to talk. I’ve been chatting with the rest of Wall Street, and we think it’s time you stop pretending you can be a fintech. Before you jump down my throat, understand we’re coming from a […]
BEIJING (Reuters) -China’s biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pressure on profit margins and reduce lending costs, providing some relief for the financial sector and wider economy. Industrial […]
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