Banking

ABSA Bank Botswana branch

Booming in Botswana: Absa has taken inclusive banking to its heart

ABSA BANK Botswana — formerly Barclays Bank of Botswana Ltd — has been through some exciting times just lately. The adoption of the new...
UK currency, pound stering

Jingle of coins and rustle of banknotes: noises of the past?

By Hal Williams IT’S A CONFUSING time for cash in Britain — maybe even crunch time in the run-up to the Budget. The roll-out of limited...
Money, squeeze, SME borrowing

£672bn of SME borrowing is unprotected: Legal & General

LEGAL & GENERAL estimates a business protection gap of £672bn for SMEs — with an overall gap estimated to extend into the trillions. Following their...
Office Colleagues

More to employee satisfaction than monetary gain, report shows

FINANCIAL professionals have voted Goldman Sachs the world’s top company to work for. Research by eFinancialCareers was conducted via an online survey between the months...

Joseph E Stiglitz and Hamid Rashid: Closing Developing Countries’ Capital Drain

Developing countries are bracing for a major slowdown this year. According to the UN report World Economic Situation and Prospects 2016, their growth averaged...
Payment rails illustration

Are you on the rails? Vital infrastructure for payments

By TOM BENTLEY ANY BUSINESS that deals with transactions and transfers must also deal with payment rails, which provide the infrastructure needed to carry money...
Unemployed Deutsche Bankers

Deutsche Bank cuts thousands of jobs to keep ‘doing what it...

New CEO Christian Sewing comes out swinging as troubled German lender struggles towards promised turnaround DEUTSCHE Bank has announced it will cut more than 7,000...
Business, finance, currency, SME banking illustration

SMEs find banks ‘biased against them’

NEARLY three quarters of UK SMEs say their banks discriminate against them in favour of larger companies. Fintech platform HedgeFlows canvassed the leaders of 500...
Lloyds Bank, Manchester

Lloyds Bank profits nosedived in 2020 … but less than expected

LLOYDS Bank has announced a 70 percent slump in annual profits. CEO Antonio Horta-Osorio said the pandemic had had a profound effect on the bank’s...
Yuan currency

China ‘set to launch’ trial of e-RMB digital currency

CHINA’S central bank has stepped up development of a digital currency likely to become the first to be operated by a major economy. The sovereign...