Oversea-Chinese Banking Corporation Limited (OCBC) has reported a record net profit of S$3.93 billion for the first half of 2024, marking a 9% increase compared to the same period last...
Category: Finance
Banks Spend $50 Million Yearly to Maintain Private Jets, Says Otedola
In a recent statement, billionaire businessman Femi Otedola revealed that Nigerian banks spend an estimated $50 million annually on maintaining private jets. Otedola, who is the chairman of FBN Holdings,...
Wild Outer Banks Stallion Euthanized After Being Struck by Vehicle
In a tragic incident, a wild stallion named Bullwinkle was euthanized after being struck by a vehicle on the beaches of the Outer Banks. The 10-year-old stallion, known for his...
Banks Spend $50 Million Annually on Private Jet Maintenance, Says Otedola
In a recent statement, billionaire businessman Femi Otedola revealed that Nigerian banks spend an estimated $50 million annually on maintaining private jets. Otedola, who is the chairman of FBN Holdings,...
ICBA Payments Partners with Pidgin to Empower Community Banks
In a significant move to enhance the capabilities of community banks, ICBA Payments has announced a new partnership with Pidgin. This collaboration aims to facilitate instant payments for community banks...
Lloyds Banking Group Invests in AI Startup Aveni
In a strategic move to drive innovation in the financial services industry, Lloyds Banking Group has invested in the Scottish AI fintech startup Aveni. The investment is part of an...
Aurangzeb Urges Banks to Boost Lending to IT, Agriculture, and SMEs
In a recent meeting with the Pakistan Banks’ Association (PBA), Federal Minister for Finance & Revenue, Muhammad Aurangzeb, called on banks to enhance their financing to priority sectors, including Information...
How Digital Banking is Revolutionizing the Future of Business Banking Services
Digital banking is transforming the landscape of business banking services, offering innovative solutions that enhance efficiency, accessibility, and security. As businesses increasingly embrace digital transformation, the adoption of digital banking...
Vantage Bank Partners with Cable for Enhanced Compliance in Embedded Banking
In a strategic move to bolster its compliance and risk management program, Texas-based Vantage Bank has partnered with financial risk control platform Cable. This collaboration aims to enhance Vantage Bank’s...
Technology Helps Banks Grow Deposit Accounts by 30 Million
The banking industry has witnessed a significant transformation with the integration of advanced technologies, leading to a remarkable increase in deposit accounts. According to a recent report, banks have grown...