.
.
.
Results for
banking
218 Results-
China ex-banker sentenced to death for bribery, bigamy
The former chairman of one of China’s largest state-controlled asset management firms was sentenced to death Tuesday for soliciting $260 million in ... Business -
Wall Street giants have billions of dollars under threat as US-China tensions mount
Wall Street giants such as Goldman Sachs Group Inc. and JPMorgan Chase & Co. have tens of billions of dollars at stake in China as political tension ... Features -
Egypt’s Commercial International Bank stockpiling cash for post-coronavirus
Egypt’s largest private lender is amassing cash so it will be able to consider dividend payouts at the end of the year, when it has assessed the ... Coronavirus -
Lebanon central bank could ease withdrawal limits on more accounts: Government source
Lebanon’s central bank could ease withdrawals for medium-sized, dollar-denominated accounts of over $3,000 at market rate. In early April, the ... Economy -
Lebanese banks set new exchange rate for small accounts, central bank source says
Lebanese banks are to apply an exchange rate of 2,600 pounds per dollar for withdrawals from small accounts of up to 5 million Lebanese pounds, a ... Economy -
Lebanon banks to shut until March 29 due to coronavirus
Bank branches in Lebanon will close from March 17-29 for the safety of employees during the coronavirus outbreak, the banking association said on ... Economy -
‘Powerful and timely’ global response to coronavirus in works: Bank of England
Bank of England Governor Mark Carney said policymakers around the world were working on a “powerful and timely” response to the economic ... Economy -
Emirates NBD announces net profit up 44 pct for 2019 to $3.95 billion
Emirates NBD, Dubai’s biggest bank and the second largest in the UAE, revealed on Monday that its net profit for 2019 had surged 44 percent to ... Financial Markets -
Saudi, UAE banks will see jump in loan growth in 2020 as profit margins fall
While banks in Saudi Arabia and the United Arab Emirates can look forward to burgeoning loan growth in 2020, higher earnings could be slow to follow ... Economy -
Egypt receives no request from Lebanon’s Bank Audi to sell Egyptian unit
Egypt’s central bank said in statement on Monday it had not received a request from Lebanon’s Bank Audi to sell its Egyptian unit. Media ... Economy -
Saudi Arabia grants license to Bank of China to open branch
Saudi Arabia’s cabinet approved the Bank of China's request for a license to open a branch in the Kingdom, Saudi state news agency SPA reported ... Economy -
S&P Global Ratings lowers three Lebanese banks to ‘Selective Default’ status
S&P Global Ratings has lowered its long-term issuer credit ratings on major Lebanese lenders Bank Audi, Blom Bank, and Bankmed to ‘SD’ ... Business -
Biggest Saudi banks will be profitable despite low interest rates: Moody’s
National Commercial Bank (NCB), Al Rajhi Bank, and Saudi British Bank (SABB), the three largest banks in Saudi Arabia, will maintain their ... Economy -
Lebanon’s banks will not participate in three-day strike
Lebanon’s banks will not join a three-day general strike slated to begin on Thursday, the Association of Banks in Lebanon said on Wednesday, ... Economy -
GCC banking outlook stable, underpinned by solid economic growth: Moody’s
Outlook for banks in the Gulf Cooperation Council (GCC) remains stable and is underpinned by solid economic growth, said ratings agency Moody’s ... Economy -
Bank ABC launches digital bank in Bahrain
Bank ABC launched on Sunday “ila,” a new Bahraini digital, mobile-only banking entity. The ila app offers an entirely digital onboarding ... Technology -
Lebanon’s banking association sets $1,000 weekly withdrawal limit
Lebanon’s commercial banks have been told to limit weekly withdrawals from US dollar accounts to $1,000 in a set of temporary directives issued ... Economy -
S&P lowers credit ratings on three Lebanese banks on liquidity pressures
S&P Global Ratings said on Thursday it was lowering the ratings on three Lebanese banks further into junk, citing rising liquidity pressures due ... Economy -
Protesters block Bank of Lebanon entrance, prevent staff from entering building
Protesters blocked the entrance of a branch of the Bank of Lebanon in Tripoli on Thursday, and prevented staff members from entering the building. The ... Middle East -
Lebanon’s banks to remain shut on Thursday amid protests: Statement
Banks in Lebanon will remain closed on Thursday, the banking association said, as unprecedented protests gripped the country despite the government ... Economy -
Wells Fargo names new chief executive
Wells Fargo on Friday named Charles Scharf as its chief executive, making good on a promise to appoint an outsider as it tries to pivot from a number ... Economy -
Bank of Japan leaves policy unchanged after Fed rate cut
The Bank of Japan (BoJ) on Thursday warned of increasing downside risks for the global economy but held off on further easing, even as European and US ... Economy -
Fitch downgrades two major Lebanese banks on ‘difficult’ operating environment
Byblos Bank and Bank Audi, two of Lebanon’s biggest lenders, were downgraded by Fitch Ratings on Monday, with the ratings agency citing the ... Economy -
Bank of England chief pulls out of Chinese event: Sources
Bank of England Governor Mark Carney has withdrawn from a high-profile business event with China's ambassador in London, sources said Monday, as ... World News -
Bank ABC announces marginal reduction of net profit for H1 2019
Bank ABC (Arab Banking Corporation) announced its financial results for the first half of 2019. Net profit for this period was $112 million, a small ... Economy -
Largest UAE banks report H1 2019 net profit growth
The UAE’s four biggest banks increased their combined H1 2019 net profit by 19 billion dirhams ($5.3 billion), according to a report published ... Economy -
Bank ABC Islamic announces 21 percent increase in net profit for H1 2019
Bank ABC Islamic announced on Monday its results for the first half of 2019. Net profit for H1 2019 was $18.9 million, up 21.1 percent from $15.6 ... Financial Markets -
No-deal Brexit an ‘instantaneous’ shock to economy: Carney
Bank of England governor Mark Carney on Friday warned that a no-deal Brexit would be a shock for Britain, causing supply disruption and potentially ... Economy -
World’s central banks to tackle technology with BIS innovation hub
Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely ... Economy -
Saudi’s Al Rajhi Bank Q1 net profit rises 21 pct on higher fees
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported double-digit growth in first-quarter net profit on Tuesday, helped by ... Economy