Authorities face a delicate balancing act supporting an economy heavily reliant on tourism while keeping Covid-19 under control.
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Investment banking sees highest earnings in a decade
April 1, 2021Leading industry index records significant year-on-year revenue growth for world’s largest investment banks in 2020.
South African banks grapple with record low interest rates
March 30, 2021South African Reserve Bank has held rates at record low following 7% GDP contraction in 2020. How will move affect bank profitability?
Morgan Stanley crowned best-performing US bank
March 25, 2021Bank topped US rankings in growth, profitability and return-on-risk last year, according to latest data.
Financial services FDI to South Africa surges despite pandemic
March 22, 2021Total financial services capital investment into South Africa rose 41% last year, while Nigeria saw a 57% drop.
Sacking of Turkish central bank chief rattles markets
March 22, 2021Naci Agbal's dismissal triggers currency slide and raises questions about direction of economic policy.
Citigroup Revlon blunder costs millions in profits
March 15, 2021Fallout from an accidental transfer of almost $900m in August 2020 has caused Citi to slash its fourth-quarter earnings by $323m.
Lebanon’s economic woes leave banks in limbo
March 8, 2021Record low for the country’s currency in early March sparked angry protests, and there is little sign of improvement on the horizon.
'Fear index' hit a record high in 2020
March 1, 2021The Vix, which measures volatility in the S&P 500, hit a peak in March 2020 and remained elevated throughout the year.
Ulster Bank confirms withdrawal from Ireland
February 22, 2021Withdrawal of country's third-largest retail bank will see banking provision concentrated further.
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