July 3, 2025

Banking

Banking

Mantashe banking on lifting of moratorium on shale gas exploration

CAPE TOWN – Minister of Mineral and Petroleum Resources Gwede Mantashe is banking on lifting the moratorium on shale gas exploration, so that the government can start work in the sector. Mantashe said shale gas is a potential “game changer” and the sooner the country taps into this resource and starts exploring parts of the

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Banking

French B2B neobank Qonto reaches 600,000 customers, files for banking license

“Is Qonto a real bank?” is one of the top suggested questions in Google searches about the French fintech startup. The answer is no, but it could change: Qonto has filed for a banking license in France, CEO Alexandre Prot revealed. Qonto, which targets European freelancers and SMBs, currently operates with a payment institution license

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Banking

Barclays names several leadership changes in its Asia Pacific investment banking unit

[SINGAPORE] Richard Satchwell has been appointed head of capital markets financing for Asia-Pacific at Barclays, among other key leadership changes within the bank’s Apac Investment Banking business announced on Thursday (Jul 3). Most recently, Satchwell was the Australia country chief executive officer and head of investment banking, Australia. For the new role, he will relocate

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Banking

Banking sector oversold amid tariff issue

PETALING JAYA: The banking sector is oversold amid lingering uncertainties over tariffs, according to Kenanga Research. “Based on past performances, we believe banks are adopting a conservative guidance on loan growth (where concerns may lie on more regionally exposed banks), while asset quality remains a minimal concern,” it said. The research house, which maintained its

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Banking

Sumitomo Mitsui Banking Expanded By 50K SF at 277 Park Avenue – Commercial Observer

Japanese multinational financial institution Sumitomo Mitsui Banking Corporation expanded its presence at the Stahl Organization’s 277 Park Avenue office tower by 50,000 square feet, bringing its total footprint within the 50-story building to 316,000 square feet.  The length of the lease and the asking rent were not immediately available, but asking rent at 277 Park

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Banking

Ripple applies for US banking license, eyes mainstream finance

Key Takeaways Ripple joins a wave of crypto firms seeking federal banking licenses. Beyond its stablecoin business, Ripple hinted at plans to offer broader crypto-based financial services under a national banking framework. Share this article San Francisco–based blockchain payments firm Ripple has formally applied for a national banking license from the US Office of the

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Banking

Goldman taps new global chairman of investment banking

Goldman Sachs veteran Raghav Maliah has been appointed its global chairman of investment banking, according to a staff memo seen by Banking Dive. “As we continue to grow and unite our investment banking business across Asia Pacific, Raghav will lead our work with a broader array of clients, leveraging his deep understanding of global industries

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Banking

Banking sector at a crossroads: Confronting the NPL crisis and rebuilding public trust

The banking sector in Bangladesh has stood on the edge of credibility for decades. Once regarded as the bedrock of economic stability, banks are now viewed by many with deep scepticism. Confidence in the sector does not collapse overnight; rather, it erodes slowly, undermined by repeated cycles of poor governance, nepotistic lending, regulatory capture, and

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Banking

Milei’s foreign-exchange shake-up has brokers moving into banking

Argentina’s brokerages are restructuring after President Javier Milei took away lucrative arbitrage opportunities that juiced their business when he rolled back capital controls.  With more than 280 brokers operating in the Latin American country — a figure unmatched anywhere else in the region, according to local regulator CNV — competition has always been fierce. It’s

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Banking

Cyprus banking liquidity falls by €4.5 billion in 2024

Cyprus’ banking system liquidity fell by €4.5 billion in 2024 compared to the previous year, reaching €19.2 billion by year-end, according to data published on Wednesday by the Central Bank of Cyprus (CBC). The figures were outlined in the CBC’s annual report titled The Implementation of Monetary Policy in Cyprus, covering developments in 2024. According

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