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Qatar & Abu Dhabi Wealth Funds In Talks With NBNK Over Lloyds Bid
Middle Eastern wealth funds Qatar Holding LLC and Abu Dhabi’s Mubadala Development Co. have held talks with Lloyds…
Central Bank of China To Widen Channels For Capital Outflows
China will widen channels for capital outflows and work toward making the yuan convertible on the capital account,…
Panicos Demetriades To Head Central Bank Of Cyprus
Cyprus named Panicos Demetriades as its central bank governor, an economist who called for Germany to ditch the…
Spain banks To Assume Cost Of Unprovisioned Property Losses
Spain's banking sector, not the government, will assume the cost of any unprovisioned losses on real estate assets…
Russia’s Lavrov: Sanctions On Iran Banks Violate IMF Charter
Russian Foreign Minister Sergei Lavrov says the sanctions imposed against Iran’s banking system violate the charter…
U.S. Banks Refuse Regulator’s Credit Limits
The largest U.S. banks, including JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), told the…
Al Watany Bank Passes Fire Without Losses
There were no human or material losses in Al Watany Bank of Egypt’s branch in Dokki after the fire that that…
Experts: Engineering Insurance Sector Will Recover Next Year
Experts said the engineering insurance sector reported a decline in FY 2011/2012 because of the economic turmoil…
SEIB Insurance and Reinsurance Company Participates in Project Qatar 2012
SEIB Insurance and Reinsurance Company LLC (SEIB) announced its participation in the ninth edition of Project…
A.M. Best Europe Assigns ‘B++’ Rating To Arabia Insurance Company
A.M. Best Europe - Rating Services Limited has assigned a financial strength rating of B++ (Good) and issuer credit…