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Banks
Abu Dhabi Islamic Bank Egypt launches new sukuk firm
Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) said on Sunday it is launching a new sukuk unit worth 10 million…
ECB sticks to keep increasing its interest rates
The European Central Bank (ECB) is expected to continue increasing interest rates, as the 2008 financial crisis is…
First Citizens mulls to acquire Silicon Valley Bank
First Citizens BancShares Inc (FCNCA.O) is evaluating an offer for Silicon Valley Bank (SIVB.O), according…
Credit Suisse borrows $50bln from Swiss National Bank
Credit Suisse said on Wednesday it would borrow some 50 billion Swiss Franc ($53.7 billion) from the Swiss National…
El-Labban steps down as Ahli United Bank Group CEO
After an impressive two decades leading Ahli United Bank (AUE), Adel El-Labban has expressed his desire to step…
Ahli United Bank Egypt records 2.04bln net profit in 2022
Ahli United Bank – Egypt (AUBE) has announced on Tuesday an increase by 73.9 percent in its consolidated net…
Silicon Valley Bank’s collapse disrupts tech sector
Tech sector suffered deep disruption caused by the demise of Silicon Valley Bank (SVB), the sector's most enabling…
JPMorgan, other U.S. banks flooded with clients post SVB crash
A huge number of customers have applied to shift accounts to large U.S. banks such as JPMorgan Chase &Co. and…
Signature Bank second casualty after SVB
State regulators closed Signature Bank on Sunday, New York-based bank, in the third largest failure in US banking…
HSBC pays £1 to rescue UK Silicon Valley Bank
HSBC UK Bank, announced on Monday that it has agreed to acquire Silicon Valley Bank U.K. (SVB) for £1 ($1.21), the…
