Support of economic growth as an explicit element in the central bank’s mandate is meant to…
Category: Finance
In Latin America COVID-19 Crisis has Yielded a Rare Bright Spot into Banking
Governments tapped into the services to dole out emergency assistance, and the result has been a…
Brazil on Track to End Recession
Gross domestic product (GDP) in Latin America’s No. 1 economy is still expected to shrink, as…
Institutional Clients Bank Account and Payment Services in Cryptocurrencies
Gazprombank’s Swiss unit was recently given regulatory approval to store and trade cryptocurrencies on behalf of…
More Bad-Loan Provisions to be made by European Banks
Provisions for losses on loans to companies are lower than in previous crises and below those…
Capitec Expanding its Digital Offering
Customers never have to worry about lost, stolen or duplicated bank cards again because of the…
Major Australian Banks Will See Their Earnings Boost in 2021
Earnings updates provided by the four major banks were consistent with analysts’ expectations, with all negatively…
Stricter Fintech Regulation in China
Massive growth enjoyed by digital micro-lending and financial technology (fintech) companies in China will likely come…
Profitability of Top UAE Banks Decline
Top 10 UAE banks’ total interest income declined for the third consecutive quarter reporting, 7.7 per…
Cashless Economy Targeted by Standard Chartered in the UAE
Consumer behaviors in the region have undergone a massive change in recent years according to Standard…