The ceiling for insured bank deposits in the event that a bank fails will be doubled to 100 million won in September, the financial regulator said Thursday.

Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.

The Nigeria Deposit Insurance Corporation, NDIC, has commenced payment of ₦46.6 billion as the first tranche of liquidation dividends to depositors with funds above the insured limit. A ...

Many local banking customers might have some questions after Philadelphia-based Republic First was closed by state regulators just before the weekend. It is the first FDIC-insured bank to fail ...

Union Bank of Nigeria has rewarded more customers in the ongoing Save and Win Palli Promo 4 campaign. In the Fourth Draw of the current campaign, one lucky customer went home with a Brand-New ...