Business

First City Monument Bank (FCMB), a foremost financial services provider in Nigeria, has been voted as the Best SME Bank in Africa, thereby consolidating its position as the dominant financial institution in the segment. The bank won the prestigious award […]

The Estonian central bank announced earlier this month that it had launched a research project into a central bank digital currency. Known as Eesti Pank, the bank revealed it would look into how its e-government technology could be integrated into […]

Citibank Korea Yoo Myung-soon, the new CEO of Citibank Korea — the local branch of New York-based Citigroup — urged the bank’s leaders as well as employees to ramp up efforts to counter potential managing risks for consumer protection in […]

FILE PHOTO: A worker walks past office skyscrapers in the City of London financial district, London, Britain, January 25, 2018. Picture taken January 25, 2018. REUTERS/Toby Melville Britain accounted for nearly a third of financial activity in the European Union, […]

FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo HSBC HSBA.L shareholders face a future of paltry payouts when regulators restore its powers to pay […]

Ant Group and its advisers plan to embark on a digital roadshow, speaking over video with international investors. Photo: Bloomberg Ant plans digital roadshow to keep the show going during Covid-19 pandemic; expects greater efficiency and shortened timetable Ant faces […]

Charles Li Xiaojia, CEO of Hong Kong Exchanges and Clearing Limited, to step down earlier than expected. Photo: SCMP Charles Li Xiaojia will bring forward his retirement and step down as the head of Hong Kong’s stock exchange operator 10 […]

Thousands of Australians are facing the economic jolt of having to repay their mortgages and business loans again as the deferral scheme put in place to help people through the pandemic comes to an end. More than 900,000 loans were […]

India’s anti-money laundering agency fined Standard Chartered Plc 1 billion rupees ($13.6 million) for breaking foreign exchange rules when it worked on the takeover of a local bank, marking one of the country’s biggest penalties imposed on an overseas lender. […]