Nigeria Announces Takeover of Banks Acquired by Ousted Bank Governor
Nigeria said it will take possession of two banks that the government…
Banking
Record High Interest in Fed's Bank Term Funding Facility
Banks borrowed a record amount from the Federal Reserve’s newest backstop…
Nigerian Central Bank Allows Crypto Trading, Lifts Previous Ban
Nigeria’s central bank has lifted a ban on transacting in cryptocurrencies,…
Russian Central Bank Signals Caution, Requires Months of CPI Decline Before Considering Rate Cuts - RBC
Russia’s central bank will need two to three months to make…
Debanking Unraveled: A Recap of Events and Current Standing of Banks
UK banking rules are in the midst of a shake-up after a…
Bank of Japan Takes Steps Toward Normalization, but Full Transition Remains Incomplete
The news that economic policy minister Yoshitaka Shindo would be in attendance…
Indian Central Bank Expresses Uncertainty in Aligning Inflation with 4% Target
The Indian central bank’s objective of aligning inflation with its 4%…
Finma Advocates for Increased Powers Following Credit Suisse's Collapse
Credit Suisse came near collapse months before its eventual bailout, the Swiss…
Japan's Interest Rates in Spotlight: A Comparison That Puts Others in Perspective
Major banks in Japan have started raising interest rates on time deposits…
Smart Interaction Granted Saudi License for Finance Integration Services
Saudi fintech firm Smart Interaction has obtained a license to provide finance…
Bunq, the Neobank, Launches Customer-Facing General AI Tool
Bunq on Tuesday became the latest neobank to fold generative artificial intelligence…
Santander Acquires 20% Stake in $9 Billion Signature Multifamily Portfolio
Signature Bridge Bank, under receivership of the Federal Deposit Insurance Corp., sold…