BANKING SECTOR

BRICS-Owned Bank Eyes Infrastructure Funding in Africa

Kampala, Uganda: The New Development Bank (NDB), a multilateral infrastructure financier owned by the BRICS nations, is considering extending its funding to projects in...

Panic As Over 200,000 German Bank Staff Fight for Hefty Pay Rise

FRANKFURT, June 19 (Reuters) - Hundreds of thousands of bank employees across Germany are demanding significant pay increases of up to 16% to keep...

EU Finance Chief Says Ditch National Symbols to Boost Capital Market

LONDON, June 18 (Reuters) - Merging national stock exchanges and clearing houses and pan-EU supervision are the next steps needed to achieve a better...

ShafDB Lauds Formation of Financial Caucus to Drive Continent’s Housing Agenda

Kigali, Rwanda- Shelter Afrique Development Bank (ShafDB) has applauded the formation of a Financial Caucus of African Ministers of Housing and Urban Development that will help identify...

BoU Revokes License of Mercantile Credit Bank Ltd

In a decisive move to protect depositor interests, the Bank of Uganda (BoU) has revoked the license of Mercantile Credit Bank Ltd, a Tier...

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