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Keywords: Banking
Europe's banking sector continued its multi-year resurgence on Wednesday as Deutsche Bank, UBS and Standard Chartered all reported second-quarter earnings that exceeded market expectations. The latest results extend a recovery that has driven European bank shares sharply higher since 2024, demonstrating......
Italian payments company Nexi has reaffirmed its financial outlook for 2026 despite reporting a modest decline in second-quarter core earnings, signaling confidence in its long-term strategy as the European payments industry undergoes rapid transformation. The company, recognized as Europe's largest......
Crédit du Maroc (CDM) has successfully completed its capital increase, with investor demand exceeding the number of shares offered, highlighting continued confidence in the Moroccan banking group's growth strategy. The capital raising, conducted through a cash contribution reserved for existing......
X has taken another significant step toward becoming an all-in-one digital platform by introducing a financial offering that combines interest-bearing accounts with peer-to-peer payment capabilities. The latest move reflects Elon Musk's long-term ambition to transform the social media network into......
HSBC Holdings is expanding its investment in artificial intelligence as the banking group prepares to establish a new global AI hub in Singapore and recruit more than 100 specialists to support its technology ambitions. The initiative reflects the growing role of artificial intelligence in the financial......
A Swiss court has ordered private bank Lombard Odier to pay a fine of 3 million Swiss francs ($3.68 million) in a long-running money laundering case linked to funds allegedly connected to Gulnara Karimova, the daughter of Uzbekistan's former president. The decision was issued by Switzerland's......
British financial technology giant Revolut has reached an estimated valuation of $115 billion following the launch of a new secondary share sale, underscoring robust investor confidence in the company's rapid global expansion and digital banking trajectory. The revised valuation marks a sharp increase......
Morocco is set to welcome a new player in the fintech sector after startup Zazu secured $1 million in initial funding to prepare the launch of its digital banking platform in Morocco and South Africa. The company aims to provide small and medium-sized enterprises (SMEs) with easier access to financial......
Attijariwafa Bank has been recognized as Morocco’s best investment bank for 2026 by Euromoney, marking another major achievement for one of the country’s leading financial institutions. The award acknowledges the bank’s performance in investment banking and its contribution to financing......