Recent Posts

Brexit logjam looms at BoE as EU banks consider moves

Bloomberg A logjam is looming at the Bank of England as almost 80 foreign banks that are operating UK branches decide on their future in post-Brexit Britain. The first choice for lenders from the European Union using the passporting mechanism for their UK business— a device that will no longer be available after Brexit— is whether to stay or go. ...

Read More »

Banks waive fees for Harvey-hit customers

Bloomberg JPMorgan Chase & Co., Wells Fargo & Co. and Comerica Inc. are among banks waiving ATM fees for Houston-area customers following flooding from Hurricane Harvey. JPMorgan will also forgo collecting late fees for mortgage, credit card, business banking and auto loans, and will temporarily suspend monthly service and overdraft charges on deposit accounts, the firm said. Wells Fargo also ...

Read More »

Ghana banks on IMF backing for growth

Bloomberg Ghana’s President Nana Akufo-Addo is banking on good news from the International Monetary Fund after his predecessor derailed an economic recovery plan through overspending. As the nation awaits the outcome of a review from the Washington-based lender, which may come as soon as Wednesday, on reforms since Ghana entered a $918 million credit programme with the lender in 2015, ...

Read More »
Send this to a friend