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banks
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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 -
US regulator sells failed Signature Bank assets to another lender
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on ... Banking & Finance -
Credit Suisse hit with first lawsuit over financial meltdown
Credit Suisse Group AG was hit with its first US investor lawsuit over the bank’s recent difficulties, alleging that it overstated its financial ... Banking & Finance -
Silicon Valley Bank collapse pushes hundreds to shift to JPMorgan and other US banks
A wave of customers have applied to shift their accounts to large US banks such as JPMorgan Chase & Co (JPMN) and Citigroup Inc (CN) from smaller ... Banking & Finance -
International banks in UAE to switch to Mon-Fri work week
Deutsche Bank AG, JPMorgan Chase & Co and Societe Generale SA are changing to a Saturday-Sunday weekend from the New Year in the United Arab Emirates ... Banking & Finance -
Kabul residents line up outside of banks in hopes of financial agencies reopening
Residents of Kabul waited outside of banks eager to withdraw cash on Wednesday as financial agencies were set to reopen in the Afghan capital city.For ... World News -
Lebanon's central bank governor says new decisions made will stabilize exchange rate
Lebanon’s central bank governor said on Tuesday that the new decisions on bank requirements would help stabilize the Lebanese pound’s exchange ... Economy -
Lebanon c. bank to form committee to restructure bloated banking sector: Reuters
Lebanon’s central bank will set up a committee to restructure commercial banks, according to a memo from the central bank seen by Reuters on ... Middle East -
Yemeni banks' money held hostage as Lebanon's economy collapses: Analysis
Around 20 percent of Yemen’s total foreign currency deposits were held in Lebanon’s banks as of October 2019, new analysis finds.Yemen is currently ... Middle East -
Banks smashed in Lebanon's Tripoli, protests turn violent
The facades of several banks were smashed with at least one set on fire as protests fueled by Lebanon’s economic crisis turned violent in the northern ... Middle East -
Activists, journalist arrested in Lebanon after defying coronavirus lockdown
Six activists and one journalist were arrested Thursday after the activists defied Lebanon’s lockdown order to stage a protest in front of a bank in ... Middle East -
Lebanon’s banking association lowers benchmark interest rates
Lebanon’s banking association said on Friday that the Beirut Reference Rate (BRR) for US dollar loans had been reduced to 6.75 percent from 8.5 ... Economy -
Lebanon to request IMF technical help: Government source
Lebanon will ask the International Monetary Fund for technical assistance to draw up a stabilization plan for its financial and economic crisis, ... Economy -
Lebanon to decide on circular regulating bank-customer relationships
The Lebanese government has received a central bank circular aimed at regulating relationships between banks and their customers and will study and ... Economy -
Lebanon finance minister urges banks to cut interest rates
Lebanon’s finance minister urged the country’s banks on Friday to reduce interest rates to help the economy and offered reassurances that ... Economy -
Lebanon PM asks government, banks for plan to restore confidence
Lebanon’s Prime Minister Hassan Diab asked the government and banking sector on Wednesday to prepare a plan to restore “the minimum degree ... Middle East -
Lebanese protesters turn their ire on banks
Dozens of Lebanese protesters held a brief sit-in inside a bank in Beirut and another in the country's south on Saturday, part of their focus on ... Middle East -
Lebanon bank staff union to discuss ending strike after receiving security plan
Lebanon’s bank staff union will meet on Sunday or Monday to decide whether to call off a strike, after receiving a plan to secure banks with a ... Economy -
Lebanon bank staff strike to continue on Thursday: Union head
Lebanon’s union of bank employees said its members would continue to strike on Thursday, extending industrial action that has shut banks across ... Economy -
Lebanese banks hope for positive impact from central bank statements
Lebanese banks welcomed statements from central bank governor Riad Salameh on Monday, expressing hope these would have a positive impact on banking ... Economy -
Lebanese banking association says depositors’ money safe, no need for panic
Lebanese depositors’ money is safe in the banks and there is no need for panic, Salim Sfeir, the head of the Association of Banks in Lebanon, ... Economy -
Lebanon’s banks closed for two more days
Authorities in Lebanon have closed the country’s banks for two extra days over the weekend amid deepening turmoil and public anxiety over ... Economy -
Lebanon’s president meets bankers amid liquidity crisis
Lebanon’s president is meeting with several Cabinet ministers and top banking officials in search for solutions for the deepening financial and ... Middle East -
Lebanon’s banks see no ‘extraordinary movement’ of money on reopening
Lebanon’s banks did not see “any extraordinary movement” of money on Friday or Saturday, the first two days they reopened to the ... Economy -
Lebanese banks re-open for first time in two weeks
Lebanese banks opened to customers on Friday for the first time in two weeks, following a wave of protests that led the prime minister to resign. ... Middle East -
Protesters storm banking association in Lebanon
Four protesters stormed the headquarters of The Association of Banks in Lebanon on Friday locking one of its gates with a chain and preventing people ... Middle East -
Lebanese banks to resume normal work on Friday
Lebanese banks will resume normal operations and receive customers on Friday, the banking association said, ending a two-week-long closure caused by ... Economy -
UAE banks consider property lending caps amid flat loan growth: Mashreq Chairman
The United Arab Emirates’ bank lobby is proposing limits on bank lending to the real estate sector to protect them from being overexposed to the ... Business -
Lebanon’s banks to stay closed on Tuesday: Statement
Banks in Lebanon will remain closed on Tuesday, after the government agreed on a reform package on Monday in a bid to defuse the country’s ... Economy -
Retired Lebanese soldiers picket central bank over cuts
Retired soldiers in Lebanon, concerned about any pension or benefit cuts as the government debates a draft budget, started picketing the Central Bank ... Economy