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China executes former senior banker for corruption
China executed a former executive of a top state-controlled asset management firm ...
World News -
Bankers get creative to sign M&A deals in Trump’s trade war
After US President Donald Trump’s tariffs sent global markets sideways, Silicon ...
Banking & Finance -
Nomura senior banker is prohibited from leaving China: Officials
Authorities in China have ordered a senior Nomura Holdings banker overseeing the ...
World News -
Swiss regulator probes ex-Credit Suisse CEO: Report
Switzerland’s financial regulator is investigating Thomas Gottstein, the former ...
Banking & Finance -
HSBC to ditch Canary Wharf tower in favor of central London: Memo
HSBC has decided to leave its long-standing headquarters in Canary Wharf in east ...
World News -
Bank wants Africans buying from each other, with their own money
A pan-African payment system that would allow African nations to trade among ...
Banking & Finance -
China says AIIB operates with ‘openness, meritocracy, and transparency’
Beijing said on Thursday the China-based Asian Infrastructure Investment Bank ...
Banking & Finance -
China credit demand weakens in fresh sign of waning recovery
China’s credit demand weakened in May as the economy’s recovery lost steam, adding ...
Economy -
ECB raises rates by 25 bps in inflation fight
The European Central Bank raised interest rates by 25 basis points to 3.25 percent ...
World News -
Turkish cenbank sticks to inflation forecast of 22.3 percent for 2023
Turkey’s central bank is sticking to its inflation forecast of 22.3 percent for ...
Economy -
Credit Suisse crisis shows lessons to learn, Swiss watchdog says
Switzerland’s financial regulator said there were important lessons to be learned ...
World News -
Credit Suisse says lost $68 billion in assets last quarter
Credit Suisse (CSGN.S) said on Monday that 61 billion Swiss francs ($68 billion) ...
Banking & Finance
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Credit Suisse debt wipeout challenged in Swiss court
The Swiss finance watchdog is facing a handful of court challenges over its ...
Banking & Finance
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Russia’s Promsvyazbank opening more branches in annexed regions of Ukraine
Russia’s state-owned Promsvyazbank on Wednesday said it was opening more branches ...
World News -
Abu Dhabi’s TAQA to sell dual-tranche bonds Monday: Document
Abu Dhabi National Energy Company, known as TAQA, plans to price a two-tranche ...
Banking & Finance -
Hungary to quit Russian International Investment Bank after US sanctions: Report
Hungary’s government has decided to withdraw its delegates from the ...
World News -
Swiss parliament holds emergency session on Credit Suisse rescue
Since Switzerland’s authorities last month pulled out all the stops to rush ...
Banking & Finance
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US Treasury Secretary Yellen downplays recession fears, expects economy to grow
US Treasury Secretary Janet Yellen expects the world’s biggest economy will ...
World News -
Abu Dhabi Commercial Bank in talks to sell $3.7 bln of bad loans: Report
Abu Dhabi Commercial Bank PJSC (ADCB) is in talks with funds to sell 13.5 billion ...
Banking & Finance -
US lawmakers slam regulators for SVB oversight failures
US lawmakers accused regulators Tuesday of failing to do enough to prevent the ...
Banking & Finance -
Saudi National Bank appoints al-Ghamdi as chairman
Saudi National Bank Chief Executive Saeed Mohammed al-Ghamdi has been appointed as ...
Banking & Finance -
Standard Chartered agrees to sell business in Jordan
Standard Chartered plans to sell its Jordanian business to Arab Jordan Investment ...
Middle East -
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 ...
Banking & Finance -
What financial crisis? US economy has investor backing: Survey
Markets have been trading as if the end of the world is at hand – but what most ...
Banking & Finance -
EBRD sees significant increase in Turkey investment this year
The European Bank for Reconstruction and Development (EBRD) will significantly ...
Business -
Egypt central bank seeks adviser for United Bank sale: Sources
Egypt’s central bank has sent investment banks a request for proposals to pitch ...
Banking & Finance -
Bank of Sharjah set to raise $500 mln with five-year bonds
Bank of Sharjah is set to raise $500 million for a sale of senior unsecured ...
Banking & Finance -
Egypt’s current account deficit at $3.2 bln in July-Sept 2022: Central bank
Egypt’s current account deficit dropped to $3.2 billion in the first quarter of ...
Economy
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Iraq banking reforms reveal fraudulent dollar transactions, says PM al-Sudani
Iraq’s premier said Tuesday that new banking regulations had revealed fraudulent ...
Banking & Finance -
Iraqi central bank chief leaves post amid currency volatility
Iraq’s prime minister said on Monday the country’s central bank governor had been ...
Economy