Banking
-
Central Bank of the UAE and other Gulf banks raise rates following the US Federal Reserve
Following the US Federal Reserve’s decision to increase rates, the Central Bank of the UAE (CBUAE) has decided to raise…
Read More » -
IBM CEO Arvind Krishna Elected to Federal Bank of New York’s Board
Arvind Krishna, Chairman and Chief Executive Officer of IBM (International Business Machines Corporation), has been elected to the Federal Reserve…
Read More » -
Insurance giant LIC opens IPO sale for investors
Institutional investors flocked to buy shares in India’s state-run insurance giant Life Insurance Corporation (LIC) in a $2.75 billion (£2.18…
Read More » -
Citigroup in ‘Active Dialog’ about selling its Russian retail operations
Citigroup Inc.’s consumer and commercial banking operations in Russia are in “active dialogue” with possible buyers, according to Chief Executive…
Read More » -
First Abu Dhabi Bank records highest ever profit in the first quarter of 2022
First Abu Dhabi Bank (FAB), the UAE’s largest lender by assets, recorded a net profit of $1.38 billion (AED 5.1…
Read More » -
ADB considers sanctioning a loan to an unnamed Maldivian Bank
The Asian Development Bank (ADB) is considering lending a loan to a Maldivian bank, according to Ashok Lavasa, Vice-President for…
Read More » -
BNP Paribas launches €900 million share buyback program
The French international banking group BNP Paribas launches €900 million share buyback program on the strength of its confirmed growth…
Read More » -
Deutsche Bank acquires payment service provider Better Payment
The German multinational investment bank, Deutsche Bank has announced that it is acquiring payment service provider Better Payment Germany GmbH,…
Read More » -
National Bank of Fujairah launches NBFX electronic trading platform
National Bank of Fujairah (NBF) the co-operative bank has announced that it has launched its electronic trading platform – NBFX.…
Read More » -
SoftBank Group commits $3 Billion to Launch Latin America Fund II
The Japanese conglomerate SoftBank Group commits $3 Billion to Launch SoftBank Latin America Fund II which will bring a total…
Read More »