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WorldBusiness

Banking Regulators Tighten AI Oversight as Financial Stability Concerns Grow

Banking regulators in the United States and Europe are increasing scrutiny of artificial intelligence (AI) used by financial institutions, amid concerns that advanced...

WorldBusiness

Monte dei Paschi Calls Board Meeting as Intesa Sanpaolo Strengthens Takeover Bid

Italy’s Banca Monte dei Paschi di Siena will hold a board meeting late on Monday to assess developments in its takeover battle with...

Former Barclays Traders Have Libor and Euribor Convictions Quashed
WorldBusiness

Former Barclays Traders Have Libor and Euribor Convictions Quashed

The convictions of five former Barclays traders jailed for manipulating benchmark interest rates have been overturned by the UK Court of Appeal, further...

Fidelity Bank Secures Further NGX Extension for H1 2026 Results
Business

Fidelity Bank Secures Further NGX Extension for H1 2026 Results

Fidelity Bank Plc has secured another extension from the Nigerian Exchange Limited (NGX) for the publication of its audited financial statements for the...

Banks Cut CBN Deposits by N942 Billion in One Day
Economy

Personal Loans Rise To N2tn As Nigerians Borrow More

Personal loans obtained by Nigerians rose to an estimated N2.06tn in May 2026, as households increasingly turned to credit amid rising living costs...

Raiffeisen Sees No Sign of Russia Seizing Its Business, CEO Says
BusinessEconomyWorld

Raiffeisen Sees No Sign of Russia Seizing Its Business, CEO Says

Raiffeisen Bank International currently sees no indication that Russia plans to expropriate its business in the country, despite growing concerns over Western companies...

Revolut Valued at $115 Billion as Digital Bank Takes Aim at Europe’s Banking Giants
BusinessEconomyTechnologyWorld

Revolut Valued at $115 Billion as Digital Bank Takes Aim at Europe’s Banking Giants

Revolut has reached a $115 billion valuation, making the London-based fintech Europe’s most valuable startup and placing it above established banking groups such...

Tony Elumelu Reveals How He Started His Career in a Job He Wasn’t Qualified For
BusinessEconomyEducation

Tony Elumelu Reveals How He Started His Career in a Job He Wasn’t Qualified For

Chairman of Heirs Holdings, Tony Elumelu, has shared how he began his professional career by taking up a banking job for which he...