Italy’s UniCredit has closed its acquisition of a 90.1 per cent stake in Alpha Bank Romania from Greece’s Alpha International Holdings. The transaction, valued at approximately €255mn ($277.76mn), ...

CIBC’s interest in Luxembourg’s public sector business grew from a desire to extend its long-standing sovereign, supranational and agency expertise to a broader set of clients in Europe and Asia. The ...

Spanish bank Sabadell concluded its €365mn lawsuit against US private equity group Cerberus on Monday in London’s High Court. As reported by the Financial Times, the case stems from Cerberus’s alleged ...

Taken as a whole, the 240 banks represented in The Banker’s Top Islamic Financial Institutions for 2024 registered a 9 per ...

Overall stricter IRRBB requirements in the EU are putting European banks in a better position to withstand interest rate ...

Ahead of the formal opening of its banking sector to foreign investors, Ethiopia awarded a mobile money licence last May to Kenyan mobile operator Safaricom, enabling it to launch its influential ...

Project mBridge is a blockchain-based payments ledger, which is designed to support real-time, cross-border payments and ...

Santander included the results of its UK unit in the group earnings. Net profit in the UK fell 18.6 per cent year on year in ...

The region has seen bright banking spots despite strong inflation, subdued global trade and the impact of tighter monetary policies aimed at curbing inflation ...

UBS posted a net profit of $1.4bn for the third quarter on Wednesday, nearly doubling analysts’ forecasts, as increased market volatility and cost-cutting measures boosted its trading business.

Boosted by strong capital and liquidity levels, most lenders are well-positioned for sustained growth as economic headwinds subside and opportunities in emerging sectors, such as renewable energy and ...

Latin America and the Caribbean experienced an economic slowdown last year, growing just 2.2 per cent following a 3.9 per cent expansion the year prior, according to the World Bank. The deceleration ...