Wednesday, June 19, 2019

Compliance will kill the bank

I was talking with a banker at a recent conference, and was surprised by his attitude. He’s not worried about Amazon, Google or Alibaba;...

Samsung’s Lee looks beyond next 10 years with 6G

SEOUL: Samsung Electronics Co. Vice Chairman Jay Y. Lee said the company will pursue investment in future businesses including sixth-generation mobile networks and system...

BNY Mellon launches FX Options

NEW YORK: BNY Mellon is now live with foreign exchange options, enabling clients to better hedge currency exposure and express their views on the...

Finance Minister says no economic crisis in the country

ISLAMABAD: Finance Minister Asad Umar on Tuesday rejected the notion that the country is facing an economic crisis, saying the "financing gap for the...

Foreign banks-funded projects reviewed

ISLAMABAD: A high-level meeting discussed and took an overall view of various foreign financed projects relating to environment, transport, water and power, urban development....

Bank of Japan gloomier on economy but maintains policy

TOKYO: The Bank of Japan issued a more downbeat assessment of the world's third biggest economy Friday, as a broader global slowdown impacts exports...

Bank of Italy sounds alarm over stability of banks and insurers

MILAN: Italy's central bank has sounded the alarm over the country's rising bond yields, warning that they are set to cost the nation billions...

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...

Bank of Punjab declares 7.5pc cash dividend

LAHORE: The Bank of Punjab (BOP) announced and recommended a cash dividend of 7.5 percent for shareholders for the year 2018, after a period...

NAB’s task

Tasneem Noorani UNTIL two years ago, NAB was under fire for being an ineffective, compromised organisation. Now, the pendulum has swung the other way: all...

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