Banking

“Come on Alphaville, you can’t use Taylor Swift to excuse yet another piece about UK inflation—”We’ll get new UK CPI inflation figures on Wednesday, which follow a drop to 2 per cent — bang on the Bank of England target — in May. As things stand, we haven’t got that many predictions into our inbox, so we’re not here for more sellside horse-race economics journalism.Instead, we’re just going to look at Deutsche Bank.For reasons many readers will instinctively intuit, senior economist Sanjay Raja’s preview note on the upcoming print, published...

Access Holding Plc said its wholly owned subsidiary, Access Bank UK, is well positioned to become one of the top 20 banks in the country, generating profit of about $1 billion yearly, just as the bank urged shareholders to participate actively in its ongoing rights issue. The bank is embarking on a capital raising of N351 billion by way of a rights issue to existing shareholders. Under the rights issue, 17.772 billion ordinary shares will be offered at N19.75 per share. At the ‘Facts Behind the Right Issue,’ presented at...

Checking accounts are an everyday financial tool for many people, but maintaining one can be expensive. Major banks often charge account maintenance fees that can cost you up to $35 per month.CNBC Select compared dozens of checking accounts from online and brick-and-mortar banks, as well as credit unions, to find the ones charging zero monthly maintenance fees. We favored those that also have low (or no) minimum balance and deposit requirements. (See our methodology for more information on how we choose the best no-fee checking accounts.)Best no-fee checking accountsDiscover® Cashback...