Wednesday, October 16, 2019

Turkish central bank moves to boost profits of state banks

ISTANBUL: A central bank decision that banks with higher loan growth can hold lower reserves will boost profits at Turkish state banks and encourage...

GCC Islamic banks headed for more M&A deals

Dubai: Mergers and acquisitions (M&A) among Islamic banks across the GCC region are expected to pick up pace to boost their competitive position in...

US Small banks slide on the inverted yield curve

NEW YORK: The inversion of the yield curve — the market indicator that has rattled Wall Street — has had a particularly pronounced effect...

UBS names new CEO for European Union operations

FRANKFURT: UBS announced the appointment of Christine Novakovic as the chief executive officer of the Swiss Bank's European Union operations. The appointment, which is based...

SBP reports 13pc decline in vegetable goods’ imports

ISLAMABAD: The imports of vegetable products into the country decreased by 13.20 percent during the financial year 2018-19 as compared to the corresponding period...

Income tax-return filing bases expands by 43pc

ISLAMABAD: Owing to prudent, timely and swift tax reform policies of the incumbent government, the income tax return filing base has widened by around...

Snub of HSBC questions its relation with China

BEIJING: It’s hard not to see HSBC’s exclusion from China’s interest-rate reform as a snub. Hong Kong’s biggest bank wasn’t included in a list...

Silvergate Bank plans to offer loans

LONDON: The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans. In an S1/A form filed...

Malaysia files charges against Goldman execs

KUALA LUMPUR: Malaysia filed criminal charges Friday against 17 current and former directors of three Goldman Sachs subsidiaries, piling further pressure on the Wall...

Pakistan puts India on backfoot at UN

UNITED NATIONS: Pakistani Ambassador Maleeha Lodhi underscored the imperative need for ensuring that the crisis triggered by India's "unlawful annexation" of Jammu and Kashmir...

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