banking

The Nigerian stock market recorded a N3.2 trillion gain for investors this week, driven by renewed interest in banking, telecommunications, and oil and gas stocks.

Starling Bank, a London-based fintech, will cut 130 jobs (3% of its workforce) as part of a restructuring to eliminate duplicate roles and invest in artificial intelligence to reduce costs.

GAESA, a business empire owned by Cuba's armed forces, controls approximately 40% of the Cuban economy and holds around $14.5 billion in overseas accounts according to leaked documents. The entity operates across sectors including tourism, retail, banking, ports, and remittances, while maintaining secrecy by not publishing financial accounts.

Cuba introduced 176 free-market reforms to address a crisis worsened by a US oil blockade, aiming to reduce state control in sectors like banking, tourism, and agriculture. Prime Minister Manuel Marrero outlined the measures in a speech to the National Assembly, emphasizing investment attraction amid US pressure.

The U.S. and Iran have reached a memorandum of understanding allowing Iran to immediately sell oil and fuel once the agreement is signed, with sanctions waived for oil sales and related services like banking, transportation, and insurance. The deal includes conditions.

The article reflects on Emir Ahmed Nuhu Bamalli's 60th birthday and his leadership shaped by experiences in banking, law, diplomacy, public administration, and traditional leadership. It highlights his unique perspective combining respect for institutions and appreciation of various fields.

Women lead only 7.6% of Europe's top 500 companies, with 20 European women featured in Fortune's 2025 Most Powerful Women list. These leaders predominantly manage traditional sectors like banking, energy, and luxury, with Ana Botín highlighted as a notable example leading Banco Santander through major acquisitions and expansion.

Twelve Fortune 500 companies, including Molson Coors Beverage Company and BNY, have survived over 200 years of U.S. history, enduring wars, economic crises, and technological changes. These firms, primarily in banking and insurance, trace their origins to the 18th century, with Molson Coors beginning in 1774 in England and expanding into Canada. Experts attribute their longevity to strategic industry choices and adaptive leadership.

Citizen's CEO discusses the role of AI in transforming the banking industry.

A reader shares their experience reading two books about monetary history and banking in the United States, describing them as eye-opening. They seek recommendations for additional reading on similar topics related to the current monetary system.

A Citi executive warned that fragmented crypto systems may lead to repetition of old banking problems. This could result in inefficiencies and risks similar to those seen in traditional banking. The executive's statement highlights the need for standardized systems in the crypto industry.

The article compares the interest earnings of a $10,000 CD account currently versus its projected rate in April 2025, highlighting a potential shift from previously significant returns. It raises questions about how current economic conditions might affect future CD yields.

The article highlights that health care's approach to data privacy lags behind the financial sector's standards. It suggests lessons from banking could improve patient data protection in health care.

CaixaBank's Chief Financial Officer has expressed support for consolidation and dealmaking activity among European banks. The statement suggests potential merger and acquisition opportunities within the European banking sector as a strategic path forward for financial institutions.