In a recent development, Jefferies analyst Brent Thill has raised the stock price target for Alphabet, Google’s parent company, from $200 to $215. This adjustment follows a comprehensive survey of...
Category: Finance
Ebbing Faith in Banks Ignoring AI Fraud Threats: A Growing Concern
Recent reports indicate a significant decline in public trust towards banks that fail to address the rising threat of AI-driven fraud. As artificial intelligence continues to evolve, so do the...
Banks Sign Memorandum to Fund Energy Infrastructure Restoration Projects
In a significant move to bolster Ukraine’s energy sector, seventeen of the country’s largest banks have signed a memorandum to provide lending for projects aimed at restoring energy infrastructure. This...
Majority of Banks Lagging in Data and Digital Transformation, Report Reveals
A recent report by Gresham Technologies highlights a concerning trend in the banking sector: the majority of banks are not at the forefront of data and digital transformation. The report,...
Central Banks Urged to Enhance AI Integration Amid Rapid Technological Advancements
As artificial intelligence (AI) continues to revolutionize various sectors, the Bank for International Settlements (BIS) has emphasized the need for central banks to elevate their capabilities. In its latest report,...
NKGSB Business Crosses Rs 13k Crore; To Shift to New Corporate Office
NKGSB Cooperative Bank, a leading urban cooperative bank in Maharashtra, has achieved a significant milestone by crossing a business mix of Rs 13,000 crore as of March 31, 2024. The...
Banks Scramble for Investor Funds as Recapitalisation Heats Up
As the Central Bank of Nigeria (CBN) implements its new recapitalisation policy, banks across the country are in a race to secure investor funds. The policy, which requires banks to...
Banks to Get Up to 3 Years to Meet Sh10bn Capital Threshold
In a significant move to strengthen the banking sector, the Central Bank of Kenya (CBK) has announced that banks will have up to three years to meet the new minimum...
SEC’s Framework on Banking Sector Recapitalisation
The Securities and Exchange Commission (SEC) of Nigeria has introduced a comprehensive framework to guide the recapitalisation of the banking sector. This initiative, driven by the Central Bank of Nigeria...
Islamic Banking Turnover in Egypt Reaches EGP 701bn in March 2024
The Islamic banking sector in Egypt has shown remarkable growth, with its turnover reaching EGP 701 billion by the end of March 2024. This represents a substantial increase of EGP...