Saturday, February 23, 2019

Two suspects charged with bank hacking

NAIROBI: Two of the 130 suspects in connection with electronic fraud by hacking into commercial bank systems have been charged over loss of over...

ICICI Bank must answer for CEO scandal

NEW DELHI: India’s ICICI Bank Ltd. is seeking to claw back bonuses and stock options paid to departed Chief Executive Officer Chanda Kochhar. That...

ING and Bank of Queensland raise borrowing rates again

LONDON: Two of the nation’s most popular banks for borrowers are increasing variable mortgage rates by up to 15 basis points in response to...

Central banks buy most gold since 1971

LONDON: Central banks have bought the most gold in nearly 50 years as the precious metal profits from its  safehaven status, the World Gold...

IMF urges Kuwait to implement deeper economic reforms

KUWAIT CITY: Kuwait needs to implement deeper reforms to secure adequate savings for future generations despite forecasts of stronger growth in its non-oil economy,...

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...

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