Tag: Banking
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Apple Card Moves from Goldman Sachs to JPMorgan Chase: What It Means for Users
Overview: Apple Card is switching under new management The financial tech world is abuzz as JPMorgan Chase (JPMorgan) is poised to take over the operation of the Apple Card from Goldman Sachs. The Wall Street Journal reports that, barring any last‑minute hiccups, the deal could be announced soon after more than a year of negotiations.…
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Otedola Applauds Tinubu, as First Bank Meets N500bn Capital Target — Calls for Stricter Banking Oversight
Overview: Otedola’s Endorsement and the Capital Milestone In a striking development for Nigeria’s financial landscape, Femi Otedola, chairman of First HoldCo, publicly commended President Tinubu for his deep economic understanding as First Bank of Nigeria meets the Central Bank of Nigeria’s (CBN) N500 billion capital requirement. The milestone underscores the evolving capital adequacy landscape for…
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Standard Bank Namibia Slashes Business Banking Fees for 2025
Standard Bank Namibia Announces Fee Reductions for Business Banking Standard Bank Namibia has announced a significant policy shift for its corporate and small-to-medium enterprise (SME) clients, promising reduced banking costs starting next year. The move, disclosed by the bank’s group business and commercial division, highlights a streamline of charges aimed at easing day-to-day transactional friction…
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Malaysia Banks Urge Browser and OS Updates for Enhanced Security
Malaysia Banks Urge Customers to Update Browsers and Mobile OS for Stronger Security As online banking becomes the backbone of everyday financial transactions, Malaysia’s banking sector is turning up the emphasis on a simple, often overlooked safeguard: keeping web browsers and mobile operating systems up to date. Financial institutions say that many cyber threats exploit…
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Malaysia’s Banks Urge Customers to Update Browsers and Mobile OS for Stronger Online Security
Introduction: A united call for safer online banking In an era where digital finance is the norm, Malaysia’s banking sector is issuing a clear and coordinated reminder: keep your web browsers and mobile operating systems updated. Banks say that routine software updates close security gaps, shield sensitive data, and reduce the risk of account breaches…
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Ato Essien makes first public appearance since jail release
Ghanaian Banking Figure Reemerges in Public Ghana’s financial and legal circles buzzed as William Ato Essien, the once-prominent founder of the defunct Capital Bank, stepped into a public space for the first time since his release from jail. The former executive left the confines of the court system behind as he re-entered public life, with…
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Philippine Banks Step Back from Real Estate Exposure as Market Volatility Wanes
Overview: A Cooling Sentiment in Real Estate Financing Philippine banks and trust entities have dialed down their exposure to the volatile real estate sector, with total assets now allocating 19.54% to property-related risks as of end-September. This marks the lowest share in two quarters, according to fresh data from the Bangko Sentral ng Pilipinas (BSP).…
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Banks Ease Real Estate Exposure in PH as BSP Data Shows Improvement
Overview: Banks trim exposure to the volatile property sector Philippine banks and trust entities reduced their exposure to real estate to 19.54% of total assets as of the end of September, marking the lowest level in two quarters. The latest data from the Bangko Sentral ng Pilipinas (BSP) indicate a shift away from heavy concentration…
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Banks Reduce Real Estate Exposure in Philippines Amid Market Volatility
Overview: Banks dial back real estate exposure Philippine banks and trust entities trimmed their exposure to the volatile real estate sector to 19.54% of total assets as of the end of September. This marks the lowest share in two quarters, according to data compiled by the Bangko Sentral ng Pilipinas (BSP). The move reflects a…
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Non-Interest Banking Regulatory Framework Risks in Ghana
Assessing a Controversial Draft: The Non-Interest Banking Guidelines in Ghana The Bank of Ghana has put forward draft guidelines intended to regulate what it terms Non-Interest Banking. While the aim is to formalize a sector that operates on profit-and-loss sharing and sharia-compliant principles, critics argue the framework risks creating regulatory confusion rather than clarity. Prominent…