Keywords: Banking


Attijariwafa Bank launches “Simple”, Morocco’s first neobank

Attijariwafa Bank has officially unveiled “Simple”, presented as the first neobank in Morocco, marking a new milestone in the country’s banking and digital transformation landscape. The launch event took place in Casablanca and highlighted the group’s ambition to modernize banking......

Italy’s state investor CDP moves to increase stake in payments giant Nexi

CDP Equity has announced plans to increase its participation in Nexi, reinforcing the Italian government’s interest in strengthening strategic sectors linked to financial technology and digital infrastructure. The state-backed investor currently holds more than 19% of Nexi’s shares and intends......

Citi to boost Asia wealth business with significant hiring plans

Citigroup plans to significantly expand its wealth management operations in Asia through a major recruitment drive, according to the company’s global head of wealth management, Andy Sieg. The U.S.-based financial institution is focusing a large portion of its global hiring strategy on Asia, where......

UBS capital rules seen as essential to protect Swiss taxpayers, finance minister says

Switzerland must ensure stronger capital requirements for UBS in order to protect taxpayers and maintain long-term financial stability, according to the country’s finance minister. Speaking at a financial sector event in Bern, the minister emphasized that while UBS remains a key global banking......

Morocco approves banking reform law to strengthen financial stability

Morocco’s lower house of parliament has approved a draft law aimed at reinforcing oversight and crisis management within the country’s banking sector. The legislation targets the legal framework governing credit institutions and the central bank, with a focus on improving early intervention......

HSBC chief warns 200,000 staff to adopt AI or risk falling behind

HSBC chief executive Georges Elhedery has told the bank’s 200,000 employees to embrace artificial intelligence or risk being left behind, framing generative AI as a force that will both eliminate and create jobs across the financial sector. He made the remarks during an investor day presentation......

Commerzbank employees rally against UniCredit takeover bid

Employees of Commerzbank demonstrated in Germany on Wednesday to oppose the takeover attempt launched by the Italian banking group UniCredit. The protest took place ahead of Commerzbank’s annual shareholders’ meeting and highlighted growing concerns among workers about the future of the lender. Dozens......

China’s top flash-memory chipmaker YMTC begins pre-IPO coaching talks with investment bank

China’s leading flash-memory manufacturer, Yangtze Memory Technologies Co. (YMTC), has reportedly started preliminary advisory discussions as part of preparations for a potential initial public offering (IPO). According to information submitted to China’s financial regulators, the company......

BCP Group's private bank launches new brand identity and expands across Morocco

The Private Bank of BCP Group unveiled a redesigned brand platform on May 15, 2026, in Casablanca, marking a new chapter in its development amid sweeping changes across the financial sector. The institution announced the rebrand alongside an accelerated regional expansion strategy, with the stated goal......