The Standard News (Uganda)
BANKING SECTOR
-
549Brains Behind South Africa’s $130m Bank Scandal Jailed
The man who masterminded a $130m (£100m) banking scandal that caused national outrage in South Africa has been jailed for 15 years,...
-
242Stanbic PMI: Uganda Private Sector Powers Through Rising Costs
Kampala: Uganda’s private sector continues to thrive despite higher utility, rent, material, and staff costs, according to the latest Stanbic Purchasing Managers’...
-
775Equity Bank Under Fire Over Canadian’s UGX3 Billion Loss in Fake Gold Scam
Uganda Police with sister security agencies have tasked Equity Bank to explain the circumstances under which a Canadian national, Clifford Potter lost...
-
216IMF Approves Over $900m to Support Tanzania Budget
The IMF executive board has approved funding for Tanzania amounting to $786.2 million to help the country tackle climate change, while also...
-
185UBS CEO Rebukes Calls for Stricter Regulations Post-Credit Suisse Takeover
Lucerne, Switzerland — UBS CEO Sergio Ermotti strongly criticized suggestions for tougher regulations on the bank following its 2023 acquisition of Credit...
-
300BRICS-Owned Bank Eyes Infrastructure Funding in Africa
Kampala, Uganda: The New Development Bank (NDB), a multilateral infrastructure financier owned by the BRICS nations, is considering extending its funding to...
-
234Panic As Over 200,000 German Bank Staff Fight for Hefty Pay Rise
FRANKFURT, June 19 (Reuters) – Hundreds of thousands of bank employees across Germany are demanding significant pay increases of up to 16%...
-
179EU Finance Chief Says Ditch National Symbols to Boost Capital Market
LONDON, June 18 (Reuters) – Merging national stock exchanges and clearing houses and pan-EU supervision are the next steps needed to achieve...
-
184ShafDB Lauds Formation of Financial Caucus to Drive Continent’s Housing Agenda
Kigali, Rwanda- Shelter Afrique Development Bank (ShafDB) has applauded the formation of a Financial Caucus of African Ministers of Housing and Urban Development that...
-
420BoU Revokes License of Mercantile Credit Bank Ltd
In a decisive move to protect depositor interests, the Bank of Uganda (BoU) has revoked the license of Mercantile Credit Bank Ltd,...
