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Money
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…
George Beatty To Head NBAD’s Retail Banking
National Bank of Abu Dhabi, the largest bank in the emirate, has appointed George Beatty as its new head of retail…
Oman Arab Bank Rating Upgraded To BBB+; Stable Outlook
Capital Intelligence (CI), the international credit rating agency, announced that it has upgraded Oman Arab Bank's…
Bahrain To Issue $1.25 Bln Bond In June
Bahrain, troubled by ongoing social unrest, is planning to issue a $1.25 billion bond in the second or third week…
World Bank Lowers China Forecast
The World Bank cut its economic growth forecast for China this year to 8.2 percent on Wednesday and urged the…
Stillness Prevails In Banks On First Day of Presidential Elections
A state of stillness and anticipation prevailed over the banks’ branches as there were no customers and civil…
Heavy Demand On Dollar In Lebanon
Bankers in Lebanon have said some concerned citizens have moved to convert their Lebanese pound accounts to US…
Lebanon’s SGBL To Sell Bank of Gambia
Société Générale de Banques au Liban is eying the sale of Bank of Gambia in a deal that would be worth around $8…
U.K. Inflation Slows On Need For More Stimulus
U.K. inflation slowed more than economists forecast in April, cooling to a level that relieves Bank of England…