Banking
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3,000 jobs to disappear: wave of layoffs at a major European bank amid takeover pressure from UniCredit
A significant shake-up is underway in the European banking sector, with German lender Commerzbank announcing a substantial restructuring that will see the elimination of around 3,000 jobs. This decision, framed as a strategic move to bolster profitability and secure its independence, comes amidst intense pressure from Italian banking giant UniCredit. The underlying narrative is one of a battle for…
Nigerian Banks' Shareholders' Funds Hit N20.2tn Amid CBN's Recapitalisation Drive
Nigeria's banking sector is demonstrating remarkable resilience and growth, with the combined shareholders' funds of five major lenders soaring past N20 trillion. This significant milestone, achieved …