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IMF Chief calls on Greeks to ‘Help them by Paying Taxes’
International Monetary Fund (IMF) chief Christine Lagarde says that all austerity-hit Greeks should help to improve…
Museum Head To Oversee Risk At JPMorgan
The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American…
PBDAC Launches Four Islamic Banking Windows In June
Principal Bank for Development and Agricultural Credit (PBDAC) decided to open four new Islamic banking windows in…
Merger Between Oman’s OIB & HSBC Halted
HSBC's proposed merger of its Omani business with Oman International Bank has been halted by the Gulf Arab state…
CBE Offers EGP 4.5 Bln T-Bills On Second Day of Presidential Elections
Central Bank of Egypt (CBE) will offer EGP 4.5 billion ($745 million) of treasury bills today as yields rose ahead…
UAE’s NBAD To Open 8 New Business Centers To Serve SMEs
The National Bank of Abu Dhabi (NBAD) plans to launch 8 new business banking centers in 2012 to further serve…
KSA’s Banks Face Risk From Asset Liability Mismatch: Alinma CEO
Saudi Arabia’s banks face the biggest risk from a maturity mismatch between assets and liabilities and need to find…
Greek Exit From Euro Will Cause Contagion: Investors
Europe’s banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of…
JPMorgan Hires William McLucas To Help In Investigations
JPMorgan Chase & Co. (JPM), the biggest U.S. bank, has hired former U.S. Securities and Exchange Commission…
UniCredit, Intesa Sold LSE Stakes To Boost Capital
Italian banks UniCredit and Intesa Sanpaolo said on Wednesday they had sold their combined 11.5 percent stake in…