Catch up on the latest buzz in the banking world with stories ranging from cybersecurity to sponsorship deals and more!
In the world of banking, recent headlines have been buzzing with a mix of cybersecurity incidents, sponsorship deals, and financial resolutions. The National Bank of Angola managed to mitigate a cyberattack on its systems, maintaining its infrastructure and data integrity. Meanwhile, Frost Bank in Texas solidifies its brand presence through high-profile sponsorships and a widespread branch network anchoring it in local communities.
On the legal front, the Justice Department reached an agreement with Patriot Bank, settling allegations with a hefty $1.9 million payment. Additionally, the call for more decisive action in funding gas projects was made by Standard Bank, stressing the importance of addressing corruption and enacting structural reforms for Africa's financial stability.
In more positive news, the African Development Bank supported the training of Burundi's public administration managers, enhancing their implementation capabilities. Ethiopia Nigd Bank and Mekelakeya emerged as frontrunners in the Ethiopa Premier League season, showcasing their dominance in the banking sector.
To wrap it up, Sainsbury's announced its phased withdrawal from the banking business, redirecting its focus to food retail. This move signals a shift in the retail banking landscape, suggesting potential consolidation in the industry. Despite challenges, banks continue to play a vital role in shaping economies and driving financial progress.
The bank said a January 6 cybersecurity incident was mitigated “without significant impacts on its infrastructure and data.”
A handful of high-profile sponsorships and a deep branch network keep the Texas-based Frost Bank front and center.
The Justice Department announced today that Patriot Bank (Patriot) has agreed to pay $1.9 million to resolve allegations that the bank engaged in a pattern ...
A sovereign-debt crisis is the biggest issue facing Africa right now, and nations need to address corruption and implement “fundamental structural reforms” ...
The African Development Bank has supported the capacity building of about 50 managers from Burundi's public administration to consolidate implementation of ...
Ethiopia Nigd Bank and Mekelakeya have been the top title challengers this Ethiopa Premier League season and they both strengthened their positions with big ...
Peter McVey, 45, of Kansas City, Missouri, who served as vice president and director of treasury services for a bank, pleaded guilty to failing to maintain an ...
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SA Reserve Bank governor Lesetja Kganyago's daughter, Mmabodiba Kganyago, has bagged eight distinctions in the 2023 matric exams that were administered by ...
Fitch Ratings-Dubai-18 January 2024: Fitch Ratings has affirmed Gulf Bank K.S.C.P.'s (GB) Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Out.
Supermarket plans 'phased withdrawal' as speculation grows over retail banking consolidation.
The retailer plans a "phased withdrawal" but says its 1.9m bank customers will see no immediate change.
Sainsbury's Bank has opened the door to fresh takeover offers, after the supermarket group announced it would exit the banking business nearly 27 years ...
British supermarket Sainsbury's said on Thursday it would wind down its banking business and instead offer financial products through third parties, ...
Fitch Ratings-Dubai-18 January 2024: Fitch Ratings has affirmed National Bank of Kuwait S.A.K.P.'s (NBK) Long-Term Issuer Default Rating (IDR) at 'A+' w.
The apex of Angola (Banco Nacional de Angola) suffered a cyberattack on its systems on January 6th, 2024. Revealing the incident in a fresh statement, ...
J Sainsbury Plc is planning a “phased withdrawal” from the banking division as part of its wider aim to focus on its core food business.
Some banks like the idea of external venture capitalists leading their venture businesses, but banker-led units are more likely to cement their inherent ...
Fitch Ratings-London-18 January 2024: Fitch Ratings has affirmed National Bank of Kuwait's (International) PLC's (NBKI) Long-Term Issuer Default Rating.
Fitch Ratings-Dubai-18 January 2024: Fitch Ratings has affirmed Boubyan Bank K.S.C.P.'s (BBY) Long-Term Issuer Default Rating (IDR) at 'A' with a Stable.