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CATEGORY

Banking

Get to know the latest news from the world of banking over here. Read about the latest financial decisions, banking laws and much more.

Banking

Your Coins For Change: Every Little Bit Counts!

Staff -
The Mauritius Commercial Bank (MCB) will exchange coins until June 30, 2023. The 'Your coins for change' project will support the rehabilitation of youth...
Banking

The Annual Report Of The Bank Of Mauritius For The Year 2021-2022 Released

Staff -
The annual report of the Bank of Mauritius for the year 2021-2022 was released on Wednesday. It shows that the Bank of Mauritius made...
Banking

The Bank Of Mauritius Hosts The Plenary Meeting Of The Group Of Francophone Banking Supervisors

Staff -
The opening of the 2023 edition of the Plenary Meeting of the Group of Francophone Banking Supervisors (GSBF) took place on Thursday morning at...
Banking

Bank Of Mauritius Governor Issues Severe Warning Against Currency Speculators

Staff -
The Governor of the Bank of Mauritius Harvesh Seegolam, met the press yesterday to shed light on the Mauritian rupee. He issued a stern...
Banking

Economic Outlook: Latest SBM Insights Forecast 5.2% Growth In 2023

Staff -
After facing the unprecedented impact of the COVID-19 pandemic, the Mauritian economy recovered relatively quickly during 2022. Although macroeconomic vulnerabilities remain, this recovery -...
Banking

US: Silicon Valley Bank Collapses, Assets Seized

Vaishali Shastri -
The run on Silicon Valley Bank (SVB), the biggest failure of a financial organization since the height of the financial crisis more than ten...
Banking

Former Goldman Sachs Banker, Roger Ng, Sent To 10-Year Prison Term In 1MDB Corruption Case

Vaishali Shastri -
Roger Ng, a former banker for Goldman Sachs, was found guilty of aiding in the theft of billions of dollars from Malaysia's 1MDB national...
Banking

US President Joe Biden Nominates Former Mastercard CEO Ajay Banga To Head World Bank

Vaishali Shastri -
Ajay Banga, a former CEO of Mastercard Inc, has been nominated by US President Joe Biden to head the World Bank. Biden is betting...
Banking

On Russian Invasion’s First Anniversary, Ukraine Unveils New Banknote Commemorating It

Vaishali Shastri -
To commemorate the first anniversary of Russia's invasion, Ukraine's central bank released a commemorative banknote on Thursday. On one side, three troops are shown...
Banking

Bank Of Mauritius Is Closely Monitoring The Situation Of Silver Bank

Staff -
On 10 February 2023, the Bank of Mauritius (“Bank’’) took cognizance of a press release issued by Trafigura Group Pte (“Trafigura”) in which the...
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