Keywords: Banking


Italy’s Unicredit considers winding down Russian operations, reports say

Italian banking group UniCredit S.p.A. is reportedly reconsidering its strategy in Russia and may opt to liquidate its local operations rather than proceed with a previously discussed sale, according to media reports citing unnamed sources. The bank, once among the major foreign lenders operating in......

BCP signs student financing and digital transformation deals at Gitex Africa

BCP Group signed two agreements at GITEX Africa in Marrakech focused on expanding access to higher education for African students and accelerating the digital transformation of its banking operations. The first agreement involves the International University of Rabat and Banque Centrale Populaire International.......

Visa, Zazu and Chari launch fully digital business account in Morocco

Visa, Zazu, and Chari have introduced a fully digital business account for entrepreneurs and small companies in Morocco, marking a shift toward faster and more accessible financial services for SMEs. The solution allows users to open a professional account online in about 10 minutes, removing the paperwork......

Unicredit warns of talent and client risks in potential commerzbank tie-up

Italian banking group UniCredit has highlighted potential risks linked to its planned expansion involving Commerzbank, warning that uncertainty surrounding a possible integration could lead to the loss of key staff and clients. UniCredit, which already holds a significant stake in the German lender,......

World bank warns of downside risks to India’s growth outlook

The World Bank has cautioned that risks surrounding India’s projected economic growth remain tilted to the downside, despite a generally stable macroeconomic environment. India’s economy is expected to grow by around 6.6% in the 2026–2027 fiscal year, maintaining its position among......

Switzerland prepares new capital rules that could shape UBS’s future

Switzerland is expected to finalize stricter capital requirements for UBS this month, a move that could significantly influence the future of the country’s largest bank and potentially affect its decision to remain headquartered in Switzerland. Following the 2023 collapse of Credit Suisse and......

ING cancels agreement to sell its Russian Business

Dutch banking group ING has announced the termination of its agreement to sell its Russian operations, citing regulatory obstacles that made the completion of the deal unlikely. The agreement, initially reached in January 2025 with a Moscow-based buyer, was part of ING’s broader strategy to exit......

Italy fines Revolut over alleged unfair commercial practices

Italy’s competition authority has imposed a significant fine on Revolut over alleged unfair commercial practices, highlighting increasing scrutiny of the fast-growing fintech sector. The regulator stated that several entities within the Revolut group were penalized for providing potentially misleading......

Ireland plans new savings accounts to boost investment culture

Ireland is preparing to introduce a new type of personal savings and investment account starting in 2027, in a move aimed at encouraging households to make better use of their financial assets. The initiative, announced by Finance Minister Simon Harris, seeks to address the large volume of savings currently......