Financials

BNP Paribas has reported a net income of €1.76bn for the first quarter ended 31 March 2021, an increase of 37.9% compared to €1.28bn for the corresponding quarter in 2020. The bank has reported an operating income of €2.33bn for...

The European commission president, Ursula von der Leyen, has announced that Europe will need about €1tn (£873bn) to fight the Covid-19 pandemic. This money could be used to establish a European recovery fund. But where will the money come...

UK-based clearing bank ClearBank has entered into a strategic partnership with Temenos, a Swiss banking software developer, to leverage its cloud-based payments platform. ClearBank aims to provide banks with access UK payment systems and a quick way to market for...

Royal Bank of Canada (RBC) and its AI research institute Borealis AI have partnered with Red Hat and NVIDIA to develop a new AI computing platform designed to transform the customer banking experience and help keep pace with rapid...

The Jamii Bora Bank is particularly engaged in micro, small and medium enterprises (MSME) banking and microfinance. The Co-operative Bank of Kenya (Co-op) has proposed to acquire 100% of Kenyan commercial bank Jamii Bora Bank (JBB) for an undisclosed...

THL Credit specialises in the management of tradable credit and direct lending to middle-market firms First Eagle Investment Management, a New York-based investment management firm, has agreed to acquire THL Credit Advisors, an alternative credit manager, for an undisclosed price. Based...

The proposed acquisition is expected to provide Nomura’s existing client base with additional access to deep domain expertise. Japanese financial firm Nomura will acquire Greentech Capital Advisors, an investment banking firm that serves clients across energy, industrial, and resource infrastructure. The...