June 5, 2025

Banking

Banking

UBS recognized as “The Middle East’s Best for Family Office Services” in Euromoney’s 2025 Private Banking Awards

UBS received 22 awards across various categories, including “The Middle East’s Best for Family Office Services,” “Saudi Arabia’s Best for Family Office Services” regionally, and “The World’s Best for Family Office Services” and “The World’s Best for Next Gen” internationally. Dubai – UBS has been named “The Middle East’s Best for Family Office Services” and “Saudi

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Banking

Federal Deposit Insurance Corporation Updates Crypto Activity Gui

On March 28, the Federal Deposit Insurance Corporation (FDIC) rescinded Biden administration guidance1 related to state-chartered banks” participation in “crypto-related activities” and published a new interpretation of the scope of permissible crypto activity for the insured depository institutions for which it is the primary regulator (the Crypto Letter).2 As discussed below, while similar to guidance issued by the Office

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Banking

Pathward Recognized for Banking as a Service Innovation in 2025 FinTech Breakthrough Awards Program

Pathward has been named “Best Banking as a Service Solution Provider” in the 9th annual FinTech Breakthrough Awards program. Through its fintech partnerships, Pathward offers various payments solutions through retailers and other consumer-facing businesses. Prestigious annual awards program honors outstanding financial technology products and companies around the world SIOUX FALLS, S.D., April 02, 2025–(BUSINESS WIRE)–Pathward

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Banking

JP Morgan plans Nigerian merchant banking expansion

JP Morgan is advancing plans to transform its Lagos representative office into a fully-fledged business branch as part of a broader strategy to expand its presence across Africa. The US bank, which has operated in Nigeria since the 1980s, intends to apply to the Central Bank of Nigeria (CBN) for a merchant banking license in

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Banking

Why Islamic banking is taking off

This is an audio transcript of the Behind the Money podcast episode: ‘Why Islamic banking is taking off’ Saffeya Ahmed It’s a March morning in Islamabad, and my colleague Humza Jilani is out at a branch of Pakistan’s most successful bank: Meezan Bank. It’s almost the end of Ramadan, and the big celebration of Eid

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Banking

Santander Wins Canadian Banking License Amid Push Into Americas

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Banco Santander SA has won a Canadian banking license as it continues its expansion across the Americas. Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, issued an order for Santander Consumer Bank to

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Banking

Banking liquidity turns positive after 3 months – Banking & Finance News

The Reserve Bank of India’s aggressive fund infusion in the past few months is beginning to show results, as the banking system’s liquidity position turned surplus at the end of March — the first time in three months. The banking system’s liquidity stood at a surplus of Rs 89,399 crore on March 30. On March

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Banking

Why banking system liquidity declined in Q4

Nigeria’s banking system experienced a decline in liquidity in the fourth quarter of 2024 compared to the previous quarter, as a result of various monetary policy measures aimed at controlling cash flow in the financial sector, as well as to tame inflation. The Central Bank of Nigeria (CBN) implemented a series of liquidity management tools,

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Banking

Truist names Claudia Davis Adamson as head of small business banking

CHARLOTTE, N.C., April 1, 2025 /PRNewswire/ — Truist Financial Corporation (NYSE: TFC) today announced it has hired Claudia Davis Adamson as head of small business banking. As part of Consumer and Small Business Banking, Adamson will lead the team serving small business clients with personalized advice and specialized financial solutions delivered through caring partnerships within the

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