European Investment Fund keeps triple A rating

The European Investment Fund (EIF) has retained its top-tier AAA credit rating, with stable outlook, as confirmed by Morningstar DBRS (DBRS Ratings GmbH). The agency stated that both the long-term and short-term credit rating trends for the fund...

Italian investment fund acquires stake in Santangelo bakery group

Fondo Italiano d’Investimento has acquired a 70% stake in Santangelo Group, an artisanal baked goods producer. According to the Italian investment firm, the transaction is the fifth deal completed in the last 18 months through its subsidiary Fondo...

Bankruptcies down by 18 percent year-on-year in June

Since March 2025, the focus of the news release on bankruptcies has been on the change compared to the previous year and on the bankruptcy rate. This is the number of declared bankruptcies per 100 thousand businesses. The bankruptcy rate provides...

Banks unhappy after Swiss franc judge cleared of wrongdoing

Ljubljana, 11 July - The Slovenian Bank Association is surprised that a Higher Court judge who failed to recuse herself from Swiss franc loan cases for conflict of interest is no longer suspended. "Such practice devalues the foundations of the...

UAE Leads GCC In Hiring Growth At 4% Financial Services, Real Estate Lead

(MENAFN- Khaleej Times) Hiring in the UAE grew by an average of 4 per cent in the second quarter of 2025, marking the fastest pace in the Gulf Cooperation Council (GCC) region, according to Cooper Fitch's quarterly report released on Wednesday....

Bank of England rate cut 'almost certain' after poor economic growth

Recent growth figures have sparked discussions about a potential interest rate reduction in August to revitalise the flagging UK economy. The Office for National Statistics (ONS) disclosed on Friday that the UK economy experienced a second...

Banks vulnerable to severe credit impairments, but risks from liquidity, others well contained – BoG

A stress test carried out by the Bank of Ghana on banks operating in Ghana indicated that some banks were vulnerable to severe impairments in credit. However, credit risks were well-contained. According to the Central Bank, risks emanating from...

Bank of Africa Executive Director sees new budget as inclusive

OPINION | Samir Yassine | The Shs 72.1 trillion budget for FY2025/26 sends a powerful signal that Uganda is open for business, and this time, the private sector is not just participating but leading the transformation. The allocation of Shs3.5...

Live Webinar | Migrating to the Cloud with Confidence. Ensuring Data Security for Financial Services in the era of AI

AI-Driven Cloud Security Services , AI-Driven Security Operations , AI-Powered Cloud Next-Generation Firewalls Presented by Protegrity 60 mins As financial institutions transition from on-premises systems to AWS Cloud Services, they gain...

Bank of Korea Holds Rates as Growth Concerns Ebb

LIV Golf signs multi-year partnership with major global banking and financial services group

LIV Golf has partnered with HSBC, a giant provider in the global banking and financial services sector. As a result of the partnership, the banking giant will now play a huge role in broadcasting and sponsorships for the Saudi-backed league. On...

Bank of England interest rate cut ‘almost certain’ after poor growth 

Friday 11 July 2025 12:22 pm Share Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp Email Share on Email Rate cuts are heavily predicted for the coming months. Fresh growth figures have fuelled...

Renault unit launches EV investment fund with Chinese partners

Renault’s electric vehicle division, Ampere, announced a significant partnership on Thursday with Chinese investors, including CICC Capital PE, to launch an investment fund aimed at accelerating innovation in the EV sector. The deal was finalized...

Bank Muamalat Launches Ar-Rahnu BIZ: Up To RM5 Mln In Financing Using Gold As Collateral

KUALA LUMPUR, July 11 (Bernama) -- Bank Muamalat Malaysia Bhd today introduced Ar-Rahnu BIZ, a new shariah-compliant financing product designed specifically for registered companies (Sdn Bhd and enterprises) seeking quick access to capital of up...

Bankers seek options to overcome high transfer costs of remittances

UBA Chairman Kakeeto says there is need to focus efforts ensuring maximum benefits of remittances to the country Kampala, Uganda | THE INDEPENDENT | Inflows from Ugandans based outside the country increased to $1.4 billion, or about sh5 trillion,...

US judge won't block 23andMe bankruptcy sale to co-founder

London: A federal judge on Thursday declined to block the bankruptcy sale of genetic testing company 23andMe to its co-founder Anne Wojcicki pending the outcome of a legal challenge by California. U.S. District Judge Matthew Schelp in St. Louis,...

“Texas Billy” Busted In Levy County: Quick Arrest In Crystal River Bank Heist

Suspect Linked to Earlier Attempted Entry Posing as Utility Worker CITRUS COUNTY, Fla. – Just hours after an armed robbery shook a Crystal River bank, the Citrus County Sheriff’s Office (CCSO) has announced an arrest in the case, thanks to swift...

Criminal activities of bank officials under scrutiny after bank employee arrested in drug and firearms bust

The criminal dealings of bank officials are under the spotlight once again after Standard Bank suspended a marketing manager following his arrest in connection with a major drug and firearms bust. Raed Cupido, 40, was arrested on June 10 at a...

Canadian Court Orders Release of Records on Frozen Bank Accounts Tied to Trucker’s Protest 

A Canadian court has directed that documents related to the freezing of a protestor’s bank accounts during the Freedom Convoy protests be released. The bank account belongs to Evan Blackman, who participated in the legendary Trucker’s Convoy...

Major Relief For Anil Ambani As Canara Bank Withdraws Order Classifying Reliance Comm Loan Account As 'Fraud'

In a relief for industrialist Anil Ambani, the Canara Bank recently informed the Bombay High Court that it has 'withdrawn' its order classifying his loan account, related to Reliance Communications, as "fraudulent account." A division bench of...