Saturday, January 19, 2019

Despite recovery, Italy’s bank problems still unsolved

ROME: Italian banks are now in a much healthier position to absorb potential losses with larger capital buffers. However, more recently and on top of...

Wall Street betting on big banks ahead of earnings

WASHINGTON: All eyes are on banks stocks ahead of earnings next week, and the Street is split on whether financial stocks are attractive at...

World unprepared for slowdown, says IMF

WASHINGTON: The leaders of the world’s largest countries are dangerously unprepared for the consequences of a serious global slowdown, a senior executive at the...

RBS critic pays £20,000 for criticising bank

LONDON: A critic of Royal Bank of Scotland’s disgraced restructuring unit has spent £20,000 on a billboard berating the high street bank as part...

Chinese central bank aims more stimulus to support growth

Beijing: Top Chinese officials, including central bankers and public servants, have unveiled a series of additional measures aimed at supporting the nation's GDP growth...

JPMorgan to pay $135m for improper handling of ADRs

Washington: JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called “pre-released” American Depositary Receipts (ADRS), the Securities and...

Morgan Stanley unit to pay $10 million fine for violations

New York: Wall Street’s industry funded watchdog fined the US brokerage unit of Morgan Stanley $10 million today for compliance failures in the firm’s...

GCC banks and regulators see new opportunities in mergers

Dubai: Once a taboo in the GCC bank boardrooms, the option of a merger has become more acceptable, thanks to the recent successful mergers...

Bank Alfalah, Engro Polymer form strategic SCF partnership

LAHORE: Bank Alfalah Limited (BAFL) and Engro Polymer & Chemicals Limited (EPCL) have signed a MOU to design and implement customized Supply Chain Finance...

Pakistan’s reliance on Chinese funding to grow: Fitch

KARACHI: The government’s reliance on China will only grow in the coming years as private sector investment continues to decline in the country despite...

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