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 ...

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 ...

JPMorgan has agreed to pay $151mn to settle five US Securities and Exchange Commission enforcement cases, including accusations that the bank made misleading disclosures to brokerage customers. The ...

Krupa, formerly the manager of the bank’s US business, took over the reins of the bank last year, with a view to restoring its fortunes after a long-running series of misfortunes, including the losses ...

The Dominican Republic’s economy is rebounding from a lacklustre 2023, with key sectors such as tourism, services, manufacturing and construction thriving thanks to falling interest rates, easing ...

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 ...

Susana Almeida, an analyst at Moody’s Ratings, says: “The primary challenge for the banking system in the Dominican Republic is the low financial penetration, with domestic credit to the private ...

Taken as a whole, the 240 banks represented in The Banker’s Top Islamic Financial Institutions for 2024 registered a 9 per cent increase in sharia-compliant assets for 2023, compared with 5.4 per cent ...

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

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 ...