Keywords: Banking
In a shocking revelation, newly uncovered evidence suggests that a prominent British bank, Standard Chartered, may have facilitated billions of dollars in transactions linked to entities designated by the United States government as funders of terrorist organizations. These explosive allegations have......
In a move that has sent shockwaves through Spain's financial sector, the government has firmly rejected the hostile takeover bid launched by BBVA for its rival Banco Sabadell. The decision, announced by Economy Minister Carlos Cuerpo, cited the potentially detrimental effects that such a merger could......
In a bold move that could reshape the European banking landscape, Spanish banking powerhouse BBVA (Banco Bilbao Vizcaya Argentaria) has announced its intention to acquire its domestic rival Banco Sabadell through a strategic merger proposal. This audacious bid, unveiled on Wednesday, aims to create one......
In a landscape-shifting move, major French banks are withdrawing from their long-standing presence in African markets, creating new competition and opening doors for local and regional lenders. This trend, outlined in a recent Fitch Ratings report, signals a significant transformation in the African......
The banking group Société Générale announced on Friday that it has signed a contract to sell its stake in Société Générale Maroc to the Moroccan holding company Saham for a total of 745 million euros. According to Société Générale's......
In a groundbreaking move that solidifies its position at the forefront of digital banking, Morocco's CIH Bank has forged an innovative partnership with Google. This strategic alliance paves the way for the highly anticipated launch of Google Pay, a cutting-edge contactless payment solution, in the......
In the digital era where convenience is paramount, the Moroccan banking sector experienced a notable transformation in 2023. According to a report by Bank Al-Maghrib, the nation's central bank, 145 bank branches ceased their physical operations, while only 42 new branches emerged, resulting in a......
Société Générale Maroc adds new accolades to its list of achievements, as the Group is honored four times by the internationally renowned platform, "EMEA Finance Magazine," at the 2023 African Banking Awards. The bank secures the titles of "Best Foreign Bank"......
After experiencing a robust growth rate of 7.5% in 2022, the expansion of banking credit in Morocco has slowed down to 4.9% by the end of October 2023. This deceleration is attributed to a 3.8% decline in cash facilities, marking a notable contrast to their significant surge over the past three years.......
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