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bank
69 Results-
Alvarez and Marsal to resume Lebanon central bank audit, presidency says
Restructuring consultancy Alvarez & Marsal will resume its forensic audit of the Lebanese central bank on Thursday, the presidency said, indicating ... Middle East -
Bahrain's Aion Digital aims to transform the $11bn open banking market
An open banking platform in the Gulf has successfully tested a new API service in Bahrain’s regulatory sandbox in a bid to boost the region’s ... Economy -
Four people freed from US bank robbery standoff
A standoff between Minnesota police and an alleged hostage-taker continued into the evening Thursday despite the release of four bank employees.Three ... World News -
UAE’s first independent digital banking platform launches
The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle East, ... Economy -
Lebanon's banking association drafts national rescue plan
Lebanese banks are working on a national financial rescue plan that would preserve some of their capital rather than writing it all off as outlined in ... Middle East -
Egypt state banks collect over $6 bln from coronavirus saving scheme
Egypt’s two biggest state banks have collected almost 100 billion Egyptian pounds ($6.37 billion) from a new high-yield savings certificate they ... Coronavirus -
Some Lebanon banks close over angry clients’ demands
Banks in a region of northern Lebanon were closed until further notice on Saturday, the National News Agency said, after lenders balked at customer ... Economy -
Fitch downgrades major Lebanese banks amid ongoing political turmoil
Fitch Ratings further downgraded on Wednesday one of Lebanon's largest lenders, Byblos Bank, due to its substantial exposure to the country’s ... Economy -
Standard Chartered faces fine in coming weeks for sanctions breaches
Standard Chartered PLC is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday. Britain’s Office ... Economy -
Report sheds light on Qatar-owned bank dealings with terrorist-linked groups
The Qatari-owned Al Rayan Bank, an Islamic bank based in the UK, provides services to organizations linked to terrorism in Britain, according to a ... Middle East -
JPMorgan beats profit estimates but shows signs of pressure
JPMorgan Chase & Co. reported a quarterly profit that beat estimates on Tuesday as higher interest income and consumer lending offset lower ... Economy -
Malaysia seizes $240 million from Chinese state firm’s bank account
Malaysia has seized more than 1 billion ringgit ($243.25 million) from a bank account of state-owned China Petroleum Pipeline Engineering Ltd (CPP), ... Economy -
China & Gulf expansion to boost Trade Bank of Iraq’s revenues, says chairman
State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international ... Economy -
Lebanon central bank supports effort to cut debt servicing, no agreement yet
Lebanon’s central bank governor backs government efforts to cut public debt servicing costs in the 2019 budget, but an agreement has yet to be ... Economy -
UAE’s Shuaa Capital, ADFG mandate banks on merger plan
Shuaa Capital and Abu Dhabi Financial Group (ADFG) have mandated UBS and JPMorgan Chase & Co as advisers on a potential merger between the United ... Economy -
Abu Dhabi Financial, Shuaa Capital in early merger talks
Abu Dhabi Financial Group, an alternative investment firm, and Dubai-listed investment bank Shuaa Capital are in initial discussions to merge, Al ... Economy -
12 dead in bank robbery attempts, police shootout in Brazil
At least 12 people, including two children, were killed Friday when police engaged in a shootout with bank robbers, according to authorities in ... World News -
Lunch With a Leader: An Indian banker’s growth journey in tandem with Dubai’s
In September 1979, Suresh Kumar was headhunted for treasurer’s role in a large Government of Dubai project. He came here to explore the ... lunch with a leader -
Man who stole $15,000 from bank in Kuwait using toy gun arrested
Saudi security forces arrested on Saturday the man who robbed a Gulf Bank branch in Hawalli, Kuwait, dressed in a abaya (a black cloak or dress) and ... Gulf -
WATCH: Dramatic video shows Dubai driver crashing car into bank
A driver lost control over his car and crashed into an ATM booth at a mall in Dubai this week, causing minor injuries to two people, including the ... Variety -
Lebanon transferred Saddam’s billions to US, clarifies top banker
The head of Lebanon’s Association of Banks, Joseph Torbey, revealed in a press conference on Thursday, that the Lebanese Authority transferred ... Middle East -
Saudi Arabia’s Al Rajhi Bank Q2 net profit at high end of forecasts
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 17.7 percent rise in its second-quarter net profit on Thursday, at the ... Economy -
China’s biggest bank corruption criminal repatriated from US
A Chinese man who embezzled $485 million from his employer in the biggest bank corruption case in China's history was repatriated on Wednesday by U.S. ... Banking & Finance -
No longer just ‘Rothschild’ as bank dynasty’s branches settle name dispute
French and Swiss banks owned by two branches of the Rothschild dynasty agreed on Friday to end a years-long dispute over the family name by promising ... Banking & Finance -
Abu Dhabi court issues jail terms of 284 years in one of biggest fraud cases
The Abu Dhabi criminal court charged 28 persons from five nationalities on Wednesday, in a $174 million investment scam that is considered one of the ... Financial Markets -
Turkish central bank to take action as lira tumbles
Turkey’s central bank said on Wednesday it would take action against the tumbling of the lira, after it weakened beyond 4.5 against the dollar ... Economy -
Banks in India enlisting private investigators to hunt down borrowers who vanish
A premier government-owned bank in India is hiring private detectives to track down absconding borrowers after a pair of super-rich jewelers quietly ... Features -
Clients say a Saudi bank transferred money to them by mistake
Al-Rajhi Bank in Saudi Arabia accidentally transferred money to its clients’ accounts on Sunday, the daily Sabq reported. According to the ... Banking & Finance -
80-year-old accused of bank robbery has decades-old record
The lanky, bespectacled man walked into a bank in a strip mall on Tucson’s northern edge with a gun, demanded that a teller hand over an ... Variety -
Saudi Arabia deposits $2 bln in Yemen central bank to back currency
Saudi Arabia’s King Salman ordered a deposit of $2 billion to be paid into Yemen’s central bank on Wednesday to shore up the weak Yemeni ... Economy
