First Bank of Nigeria Ltd. (FirstBank Nigeria) is a Nigerian bank and financial services firm. The bank is the largest retail lender in the nation, while most banks gather funds from consumers and loan it out to large corporations and multinationals, First Bank has created a small market for some of its retail clients. First Bank of Nigeria maintains a subsidiary in the United Kingdom, FBN Bank (UK), which has a branch in Paris. The Bank also has representative offices in Johannesburg, Beijing, Abu Dhabi, and Kinshasa. Total assets: US$18.6 billion (as of September 30, 2011).
FBN Holdings Plc. is the holding company for First Bank of Nigeria. FBN Holdings is a well-diversified financial institution with subsidiaries involved in capital market operations, insurance services, investment banking and asset management, private equity/venture capital, pension fund custody management, registrar services, trusteeship, mortgage and microfinance banking.
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters