On Sunday, Rite Aid, an American drugstore, filed for bankruptcy as the firm plans to close some of its stores across the United States as it suffers a decline in sales and opioid lawsuits.In recent y...
On Wednesday (Jan 8th), the World Bank slightly trimmed its global growth forecasts for 2019 and 2020 following to a slower than expected recovery in trade and investment, even though trade tensions b...
What is Bank Bill Swap Rate (BBSW)?DefinitionThe bank swap rate, also known as Bank Reference Rate, is the rate banks charge to lend money to each other in Australia. In the happening of an unexp...
What is Bank-Owned Life Insurance (BOLI)?DefinitionBank-owned life insurance is a type of life insurance that covers a bank both as the owner and beneficiary. Through the use of some cash-value p...
While many experts and economists have asserted that the US economy was on a steady decline towards a recession in spite of the government’s strategies to stimulate the economy, Bank of America says...
To show its support for racial equity and economic equality, Bank of America announced an investment fund worth $300 million as part of its $1 billion pledge to support black and brown-led banks and b...
Chesapeake Energy Corp is set to exit bankruptcy after winning court approval for a reorganization. The company will cut $7 billion in debt in exchange for giving ownership to its senior creditors, in...
Sam Bankman-Fried, The Crypto Billionaire Samuel Bankman-Fried (abbreviated as SBF) is an American entrepreneur and effective altruist who was born on ...
Abbey Mortgage Bank Plc has announced that it's worried about the high non-performing loans in the mortgage industry.This announcement was revealed by Mobolaji Adewunmi, the Director of the Bank, on T...
In its latest report, Zenith Bank announced that it generated gross earnings of N781 billion in Q1 2024, an 189% increase from the corresponding year, which recorded N270 billion in Q1 2023.According ...