Browsing Category
Banks
Moody’s Downgrades Egypt’s Bank Of Alexandria; Negative Outlook
Moody's Investors Service downgraded Egypt's Bank of Alexandria's (BALX) local-currency deposit rating for one…
SocGen Profit More Than Doubles on Investment Bank
Societe Generale SA, France’s second-largest bank, said second-quarter profit more than doubled, beating…
Egypt M2 Money Supply Expands 18.4 Pct in Year to End-June
Egypt's M2 money supply rose by 18.4 percent in the year to the end of June, the central bank said on Wednesday.…
Egypt Central Bank Offers US$40 mln at Wednesday’s FX Auction
The Central Bank of Egypt (CBE) has offered its second foreign exchange auction for this week valued at US$ 40…
Noor Islamic Bank’s CEO Calls For Global Body To Regulate Islamic Finance Industry
Standardisation of the regulations governing Islamic finance is a must to ensure the globalisation of Islamic…
Interim Profit Down: Deutsche Bank Suffers New Setback
Deutsche Bank has reported that it earned less than expected in this year's second quarter, posting a pre-tax…
BNP Paribas Quarterly Net Falls 4.7% On Loan Provisions
BNP Paribas SA (BNP), the largest French bank, said second-quarter profit fell 4.7 percent as Europe’s economic…
Egypt’s Central Bank Cuts Its Repo Auction to EGP3 bln Today
Through its ninth repurchase agreements (Repo), Egypt's Central Bank (CBE) has offered today the local banks cash…
Barclays to Raise 5.8 Billion Pounds in Rights Offering
Barclays Plc (BARC), the U.K.’s second-largest bank by assets, said it will raise 5.8 billion pounds ($8.9 billion)…
U.S. Says JP Morgan Manipulated Market; Settlement Seen
The U.S. power regulator outlined its case of market manipulation against JPMorgan Chase & Co on Monday as…