Banks (Finance)
Stanbic Bank Ghana has joined the Building Resilience and Investing in the Development and Growth of Entrepreneurs in Agriculture (BRIDGE-in Agriculture) initiative, a partnership between Mastercard Foundation and CrossBoundary Advisory that aims to support agri-SMEs in Ghana. The initiative seeks to provide affordable funding, technical support, and training to entrepreneurs,
Banks (Finance)
The Bank of England Governor Andrew Bailey has warned that the UK jobs market is weakening due to the Chancellor's National Insurance tax changes, which took effect from April. The changes, which have increased employer National Insurance contributions (NICs) to 15% from 13.8%, are having a significant
Banks (Finance)
Alamgir Kabir, a former Chairman of Southeast Bank Ltd, is facing severe allegations of sexual misconduct, loan irregularities, embezzlement, and share market manipulation following a formal complaint submitted to top government officials and the Anti-Corruption Commission (ACC). The complaint, submitted on Wednesday, accuses Kabir of exploiting his powerful position over
Banks (Finance)
In a massive cheating case, a gang in Mumbai was busted by police after they impersonated hotel directors on social media and stole bank account details from unsuspecting individuals. The gang would promise attractive deals and expenses, only to take control of the victims' bank accounts and use them
Banks (Finance)
The Standard Bank of South Africa Limited has launched a new financial instrument, SBC164, on the Johannesburg Stock Exchange (JSE) under its Structured Note Programme. The Senior Unsecured Floating Rate Credit Linked Notes will mature on June 20, 2030, and have a nominal value of ZAR200.00 million. The interest
Banks (Finance)
Iraq Noor Islamic Bank for Investment, a prominent financial institution, saw a substantial decline in its stock price on June 25, 2025. According to the Iraq Stock Exchange's daily trading report, the bank's shares opened and closed at 0.690 IQD, marking a drop from the
Banks (Finance)
As of July 1, 2025, member banks of Malaysia's banking associations will begin implementing the service tax on relevant financial services in phases, in accordance with guidelines issued by the Royal Malaysian Customs Department. This development follows the recent gazettment of service tax legislations concerning the expansion of
Banks (Finance)
Lenders Cooperative, a leading provider of loan origination and servicing technology, has announced its partnership with Primis Bank to power its small business lending operations. Primis Bank will leverage Lenders Cooperative's platform to automate the entire workflow for SBA and conventional commercial loans, increasing loan production and streamlining
Banks (Finance)
Bank Windhoek has unveiled a comprehensive ten-video educational programme under the tagline 'Where Business Makes Sense' designed to equip entrepreneurs and small businesses with essential knowledge and practical tools to thrive in today's complex financial landscape. The Masterclass series, starting on Thursday, 26 June, will cover
Banks (Finance)
The Standard Bank of South Africa Limited has announced changes to the terms and conditions of its Telkom SA SOC Limited warrants following the company's declaration of a special dividend. The adjustments aim to ensure warrant holders remain financially positioned. The new terms include an updated exercise price
Banks (Finance)
Policymakers in the UK are closely watching Chinese export data as the UK's Office for National Statistics (ONS) reported a 10% annual rate of increase in April, while data from the Chinese government shows a 16.1% increase in exports to the UK in May, the highest level
Banks (Finance)
ABSA Bank Limited has issued new financial instruments on the Johannesburg Stock Exchange (JSE), marking a significant development in the South African debt market. The ABSA Bank Limited notes, listed under the Master Structured Note Programme Memorandum, are designed to track the BNP Paribas Multi-Asset Global Diversified Index. This listing
