Latest Banking News
Morgan Stanley To Take $1.25bn Hit In Q4 On U.S Tax Reform
Morgan Stanley said today that it would take a $1.25 billion hit…
FCMB Customer Wins Car in Jumia Black Friday Promo
A customer of First City Monument Bank (FCMB), Mr. Clinton Nnajiaku, has…
Tanzania’s Central Bank Shuts 5 Banks Over Poor Performance
The Bank of Tanzania (BoT) today revoked the operating licences of five…
Ravi Menon Named Best Central Bank Governor In Asia-Pacific
The Banker, the UK-based magazine, has named the managing director of the…
US Blocks Sale Of Moneygram To China’s Ant Financial
The US has blocked the $1.2bn (£880m) sale of money transfer company,…
Angola’s Central Bank Plans to Loosen Kwanza’s Peg to Dollar
Angola has unveiled plans to loosen its currency peg to the dollar…
Swiss Banks To Begin Collecting Foreign Taxpayer Data
Several of Switzerland's agreements for the automatic exchange of information (AOEI) in…
Goldman To Take $5Bn Hit To Profit From New Tax Law
Goldman Sachs Group Inc said today that it expected its fourth-quarter earnings…
Barclays Expects $1.3BN Writedown From U.S. Tax Reform
Barclays on Wednesday stated that it expected to take a writedown of…
JPMorgan Pays $2.8M Fine Over Improper Safeguards For Customers
JPMorgan Chase & Co will pay $2.8 million to settle charges that…