GN Bank Wins Award
GN Bank has been adjudged the best growing bank at the 16th Edition of the Ghana Banking Awards (GBA) held in Accra recently. The bank was also named the second runner-up for Trade Finance at the...
Tag: Financial services
US Seeks To Smooth Trade Relations With China In Talks
After riding a wave of anti-trade feeling to the White House, the Trump administration is taking a more traditional approach to resolving issues with China: a formal structure of talks that makes...
Goldman Sachs Profits Flat Amid Weak Trading Results
Global financial services giant Goldman Sachs reported flat second-quarter earnings Tuesday as gains in investment management offset a steep drop in trading revenues due to weak volatility. Net...
Higher Interest Rates Boost Bank of America Earnings
Bank of America reported higher second-quarter earnings Tuesday, thanks to a boost in total loans and the benefit of increased interest rates. Net income for the period ending June 30 was $4.9...
Mahindra Plans To Double Investment In US
Indian conglomerate Mahindra Group plans to double its US investment in the next five years, where it is hoping to its two-wheel electric scooters will win over American millennials. "We're very...
Prez Commends Ghanaians For Their Sense of Enterprise
President Nana Addo Dankwa Akufo-Addo has said Ghanaians are renowned for their sense of enterprise, creativity and innovation, and the moment has come to reinvigorate that culture. According to the...
US-China Rifts Widen Despite Economic Headway
Three months after US President Donald Trump hosted a lavish welcome for his Chinese counterpart Xi Jinping at his Florida resort, the powers have made headway on an ambitious economic plan even as...
Fidelity Bank Grows Agent Network
Largest privately owned Ghanaian bank, Fidelity Bank has expanded its agent network to make its services readily available to all customers and potential customers of the Bank. Under its Agency...
Average Interest On Deposits Drops Marginally In June
The average interest offered by banks on customer deposits dropped by 2.67 percent between May and June 2017. According to the latest Annual Percentage Rates (APR) and Average Interest (AI) report...
National Digital Address System To Start Vigorously
Vice President, Dr Mahamadu Bawumia has assured that government will launch the national digital address system in a few months’ time. This he says will be merged with a post code to ensure the...
AfDB, IsDB Sign New US$2bn Deal To Fund Energy, SMEs, Human Development Programmes
African Development Bank (AfDB) and the Islamic Development Bank (IsDB) have signed a landmark agreement to strengthen partnership at country level. Both parties have agreed to jointly pull together...
US Economy Needs Only ‘gradual’ Rate Hikes
Federal Reserve Chair Janet Yellen on Wednesday said even as the US economy grows stronger and employment expands, she foresees only "gradual" interest rate increases in the few years ahead. Facing...
Fed’s Yellen Still Sees Only ‘gradual’ Rate Hikes
Federal Reserve Chair Janet Yellen said Wednesday she still foresees only "gradual" interest rate increases in the few years ahead, as the US economy grows stronger and employment expands. Key...
Dun & Bradstreet Holds Workshop For Insurers In Accra
Dun & Bradstreet (D&B), an international business service company that promotes financial infrastructure and provides credit risk facilities, yesterday held a workshop for insurance providers and...
Vodafone Headlines 16th Banking Awards
Mobile telecommunication network, Vodafone Ghana, is set to headline this year’s 16th Ghana Banking Awards; representing a solid three-year run of association with the event. The awards is a...
France Unveils Brexit Plan To Lure Bankers From London
The French are planning to lower taxes on high earners, scrap a levy on financial transactions and build three international schools in a bid to attract bankers from the City of London. French Prime...
US Job Creation Surges In June, Pointing To Market’s Resilience
US job creation returned with a roar in June, offering a dose of welcome news to the White House and offsetting fears of a slowing economy, official figures showed Friday. Still, the robust...
US Unemployment Rate Ticks Up To 4.4% In June
US job creation rebounded in June while the unemployment rate ticked higher as more people entered the work force in search of jobs, the Labor Department reported Friday. The US economic engine...
Are US Banks Regaining Their Appetite For Acquisitions?
News that JPMorgan Chase considered bidding for British payment company Worldpay signals that big US banks could be shifting back into acquisition mode after nearly a decade playing defense....
US Fed Members Divided On Inflation Risk
US central bankers are divided over the risk of inflation and disagree over the timing of interest rate hikes into next year, minutes of the last Federal Reserve meeting showed Wednesday. Monetary...