Wednesday, June 19, 2019

SBP launches crackdown against criminal activities

KARACHI: The State Bank of Pakistan (SBP) has begun a crackdown against criminals working in the formal payment system at financial institutions including conventional and...

UBL to shut down its New York branch

Karachi: The United Bank Ltd (UBL) has announced its plans to wrap up its operations in New York, saying the decision has been taken...

Bank of Japan keeps inflation as its main policy priority

TOKYO: Japan’s long run of extreme monetary stimulus has drawn increasing criticism over the impact it’s had on small banks, but despite the grumbling,...

Bank of Georgia quarterly profit rises 11.3pc

GEORGIA: Bank of Georgia Group Plc reported an 11.3 percent rise in quarterly earnings, helped by higher lending amid strong economic growth in the...

Bank of England chief Carney backs UK PM May’s Brexit deal

LONDON: Bank of England Governor Mark Carney gave his backing to a Brexit deal struck by British Prime Minister Theresa May, saying the alternative...

Fitch upgrades Indonesian state-owned banks

Jakarta: Fitch Ratings has upgraded the Viability Rating (VR) of Indonesian state-owned bank, PT Bank Rakyat Indonesia (Persero) Tbk (BRI), to ‘bbb-‘ from ‘bb+’....

RBI Urjit Patel’s resignation reports baseless

New Delhi: Amidst the alleged ongoing rift between the government and RBI, sources have said that RBI Governor Urjit Patel will not quit from...

Turkish banks’ ability to extend debt is key in crisis

ANKARA: Investors are watching closely to see whether Turkish banks will maintain access to the foreign funding they need to keep economic activity humming,...

ECB sees scope for further consumption boom

FRANKFURT: Private consumption in the euro zone has further room to grow, likely driving economic expansion even as external headwinds multiply, the European Central...

ABN Amro sheds 250 jobs as it shrinks corporate bank

AMSTERDAM: Dutch bank ABN Amro said on Wednesday it would shed 250 jobs as it shrinks its international corporate bank activities to increase profitability....

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