Intesa Sanpaolo, Italy’s largest bank, more than doubled its crypto-related investment exposure in the first quarter. The bank’s crypto exposure increased to about $235 million at the end of March from roughly $100 million at the end of 2025.

Wema Bank has firmly rejected allegations surrounding the sale of high-value properties in Banana Island linked to the defunct Gulf Bank, maintaining that the transactions were lawful, commercially justified, and executed strictly within the framework of debt recovery obligations owed to the bank.