Nigeria’s banking sector faces an escalating threat from cyber fraud, which is severely undermining public trust and the integrity of financial institutions. In 2023, the Nigeria Inter-Bank Settlement System (NIBSS) reported losses
UBS has agreed to pay $300 million to resolve its involvement in the mis-selling of mortgage-backed securities by Credit Suisse, settling ongoing litigation in the United States. This settlement addresses the final
Euronext has made an all-share offer to acquire Hellenic Exchanges – Athens Stock Exchange (ATHEX) for €412.8 million ($472.7 million). The deal, announced on July 31, 2025, involves a share exchange where
In its latest policy decision on July 30, 2025, the Bank of Canada (BoC) opted to keep its key policy interest rate at 2.75%, marking the third consecutive meeting in which it
The European Central Bank (ECB) has announced that, starting in the second half of 2026, it will factor climate-related risks into its lending practices. The new policy will introduce a “climate factor”
Barclays has posted an impressive 23% increase in its first-half profit for 2025, bringing the total to £5.2 billion ($6.94 billion). This significant jump has exceeded analysts’ expectations, underlining the bank’s solid
The Bank of England (BoE) is re-evaluating its strategy for quantitative tightening (QT) as the rise in government bond yields threatens to undermine market stability. This shift comes after a period of
China’s banking sector is undergoing a strategic overhaul as regulators intensify efforts to stimulate domestic demand and fortify financial resilience. In response to persistent economic headwinds and slowing consumption, the People’s Bank
The European Central Bank (ECB) has opted to hold its key interest rate steady at 2%, marking a pause after a year of monetary tightening. This cautious decision comes as the eurozone
The Russian rouble has seen an unexpected 45% surge against the U.S. dollar in 2025, positioning it as one of the best-performing currencies globally. This rise is largely attributed to the Bank
