The Central Bank of Nigeria will not again extend the operational deadline for the 16 companies it has granted in-principle approval to offer mobile payments in the country to prove they are worthy of a license.
The bank already extended the deadline once. The new deadline is May 31.
Any operator that fails to meet the required criteria for assessment during the pilot test will not receive a full-operator license.
In this week's edition of the American Banker news quiz, test your knowledge on Colorado banking legislation, the failure of Republic First Bancorp, acquisitions and more.
Banks maintain lists of consulting firms that they trust to help troubled commercial borrowers to fix their businesses. These specialists say they're getting more calls, especially in areas such as multifamily and CRE, from business owners who need help.
Nearly 15 years ago, Les Lieberman and other organizers of Porticoes Capital used a shelf charter to buy a spate of failed banks. Now they're hoping to replay the strategy.
The financial services company has found that engineers report higher satisfaction and save time when using a copilot to assist with coding.
The embedded banking services Amazon offers to third-party sellers come from the hidden hand of JPMorgan Chase's corporate payments arm, which markets its services to e-commerce platforms on a white-label basis.
The embattled Long Island bank unveiled a turnaround plan that involves selling noncore assets and diversifying its commercial loan book. But first, it will need to sort through credit-related challenges in its large commercial real estate portfolio.
