Friday, April 19, 2019

Kuwait banks set to post higher earnings

KUWAIT CITY: Kuwait banks are expected to post higher annual earnings in 2019 driven by more lending as the government presses ahead with project...

Santander Holdings USA declares quarterly dividend

BOSTON: Santander Holdings USA, Inc., parent company of Santander Bank, N.A., announced that its Board of Directors declared a dividend on SHUSA’s Series C...

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...

Google’s solution for African internet: Balloons

SAN FRANCISCO: Bringing fast, widespread internet to rural Africa has proven vexing for companies that have tried—and largely failed—with strategies ranging from drones to...

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;...

50 banks, financial firms turn to the Netherlands as Brexit looms

AMSTERDAM: As Brexit nears, the Dutch authorities processing banking and markets licenses are starting to feel the heat. About 50 banks and other financial...

Wrong Lady Liberty on stamp to cost US Postal Service $3.5M

A stamp that mistakenly featured the image of a Statue of Liberty replica in Las Vegas instead of the original New York Statue will...

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...

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...

Kuwait allows investors to own and trade in local banks’ shares

Kuwait City: Foreign investors will now be allowed to own and trade in Kuwaiti banks’ shares, according to a new decision issued by the...

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