Banking
Past coverage from 0 countries · Last active May 10, 2026
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3,000 jobs to disappear: wave of layoffs at a major European bank amid takeover pressure from UniCredit
- Commerzbank announced a major restructuring plan that includes eliminating approximately 3,000 jobs. - The move is part of an effort to increase profitability and consolidate its position as an independent bank amid pressure from UniCredit. - UniCredit, which already holds nearly 30% of Commerzbank, had launched a takeover bid that Commerzbank rejected.
Nigerian Banks' Shareholders' Funds Hit N20.2tn Amid CBN's Recapitalisation Drive
- Nigeria's top five Tier-1 banks saw their combined shareholders' funds surpass N20 trillion in 2025, a 21% increase from the previous year. - This growth is attributed to the Central Bank of Nigeria…