Archive of Banking & Finance
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UAE central bank sees 4.3 percent economic growth in 2024: Report
The United Arab Emirates’ central bank expects the country’s gross domestic product (GDP) to increase by 4.3 percent in 2024, up from an estimated 3.9 ... Banking & Finance -
Saudi National Bank appoints al-Ghamdi as chairman
Saudi National Bank Chief Executive Saeed Mohammed al-Ghamdi has been appointed as the bank’s chairman after the resignation of Abdul Wahed ... Banking & Finance -
Credit Suisse, UBS among banks in DOJ Russia-sanctions probe
Credit Suisse Group AG and UBS Group AG are among banks under scrutiny in a US Justice Department probe into whether financial professionals helped ... World News -
UBS seeks dealmaking revival in Middle East with Credit Suisse takeover
UBS Group AG may use its takeover of Credit Suisse Group AG as an opportunity to rebuild its investment banking business in the Middle East after ... Banking & Finance -
Bank of England hikes rate despite banking turmoil
The Bank of England on Thursday hiked its interest rate for the eleventh time in a row, as policymakers seek to tackle soaring inflation despite ... Banking & Finance -
Credit Suisse buyout was for financial stability: Bank chief
The UBS takeover of stricken bank Credit Suisse was orchestrated in order to preserve financial stability not only in Switzerland but around the world ... Banking & Finance -
Swiss government suspends forms of variable remuneration at Credit Suisse
Switzerland's finance department has issued an order to Credit Suisse to temporarily suspend certain forms of variable pay for the bank's employees, ... Banking & Finance -
Yellen vows to safeguard US bank deposits, may need more interventions
The US banking system is stabilizing after strong actions from regulators, but further steps to protect bank depositors may be needed if smaller ... World News -
US banking sector ‘stabilizing’ after recent turmoil: Yellen
The US banking sector is “stabilizing” after the recent failures of Silicon Valley Bank (SVB) and Signature Bank rattled the industry, Treasury ... Banking & Finance -
Saudi National Bank growth unaffected by Credit Suisse hit
Saudi National Bank’s growth strategy will be unaffected by the reduced valuation on its investment in Credit Suisse, it said on Monday after the ... Saudi Arabia