This is how the CEO of the Kenya Commercial Bank (KCB), Paul Russo, put it as he announced the impending acquisition: "Since September, the board has been re-evaluating options for a sustainable resolution for the National Bank. We have cleaned the bank up for the last four years bu...
In the early 15th century, Zheng He, the famous Chinese navigator of the Ming Dynasty, made seven voyages to the Western Seas, which boosted trade along the maritime silk routes. For thousands of years the ancient silk routes served as major arteries of interaction, spanning the valleys of th...
Riots are happening now in HK, Ecuador, Lybia, Chile, Mexico, Bolivia, Spain… and even NYC (subway protest) It has happened in the past 6 months in g-7 countries like France or 3rd world countries like Nigeria.So, this is a growing… ...
“The Central Bank of Nigeria wishes to inform all authorised dealers and the general public of the following immediate changes to operations in the Nigerian Foreign Exchange Market: Abolishment of segmentation. All segments are now collapsed into the Investors and Exporters window,” the central ban...
Banks' profitability is vital component of economic growth, its significance extends from' sustainability of banks to macroeconomic stabilization. Thus, this study assessed the effect of banks' specific factors and macroeconomic variables on the profitability of microfinance banks (MFBs) in ...
As a result, fintechs have had to adjust to lower valuations and decreased willingness on the part of venture capital firms to fund companies with low margins. Rather than sprinting toward the hockey stick of old, fintechs today are focused on sustainable, profitable growth. Banks, in ...
breaches. Segmentation is used to limit the data and assets that an entity can access without reauthenticating. Because zero trust presumes the network has been penetrated by a threat agent, security measures are implemented in depth, rather than simply at the perimeter—the “castle and moat”...
but who are new to investment banking. Analysts can usually work their way up to becoming associates within three or four years, although doing so may require not only gaining work experience but additional education as well. Most investment banks prefer their associates to have an MBA or other...
Take the financial services industry. In a 2021 report by Morgan Stanley’s Institute for Sustainable Investing, 79% of the 800 US individual investors surveyed—and 99% of respondents who are millennials—said that investing in socially conscious companies matters to them. Banks are also paying ...
Credit cards still have a solid foothold, but layaway plans are becoming a thing of the past. BNPL programs managed by third-party credit specialists are becoming more popular and accessible. In fact, according to one survey, as many as 25% of Americans have used BNPL as an option....