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Money
RBS to cut costs in Australia
Royal Bank of Scotland (RBS.L) plans to close its Australian fixed income, commodity and currency (FICC) trading…
Britain ends tax avoidance scheme used by Barclays
Britain will end "aggressive tax avoidance" schemes used by banks from the profit they can make buying back their…
IMF approves $4.33 billion loan to Ireland
The International Monetary Fund on Monday approved the payout of a $4.33 billion loan to Ireland, the…
Citigroup economist assesses Eurozone crisis, Egypt
About 120 people attended a November 20 breakfast event with Citigroup’s chief economist, Willem Buiter, at the…
CBE: 10 bn transferred outside Egypt legally
Commenting on El-Ganzouri’s statement in parliament on last Sunday, Central Bank of Egypt (CBE) said the USD 10…
HSBC to expand in Asia
HSBC Holdings Plc, which generated 61 percent of its pretax profit from Asia last year, may increase its staff in…
NBE donates EGP 1.2 million for Magdi Yacoub Institute
National Bank of Egypt (NBE) offered donation package of EGP 1.2 million to Magdi Yacoub Institute for research…
After launching Nour Islamic Bank, bankers: banks licensed by Central Bank, no need for…
Bankers affirmed that the Central Bank has an absolute right to license banks without the intervention of any other…
EU Imposes Sanctions on Syrian Central Bank
Foreign ministers of the 27 EU countries increased sanctions imposed on Syria's regime on Monday to stop its…
HSBC to focus more on Asia after achieving $22 billion profit in 2011
HSBC Holdings Plc (HSBA) posted a $21.9 billion profit for 2011, the best outturn by a western bank so far, Reuters…