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Banks
Banks Lower Interest Rates 1% on Treasury Bills
Egyptian banks lowered their interest rates on bids for treasury bonds by 1% on Thursday, according to a press…
Swiss Banks Can Reveal Client Data to US Tax Authorities
Switzerland's highest court ruled Friday that Credit Suisse could reveal data on suspected tax dodgers to US…
UAE’s CB Announces Liquidation of BCCI (SA) Branches in UAE
The Central Bank of UAE on Thursday formally announced the liquidation of BCCI (SA) branches in the country. Sultan…
Egypt’s Banking Sector Amid A Revolution
Federation of Egyptian Banks chairman Hisham Ezz Al-Arab talked went over the difficulties that Egypt's economy is…
Egypt’s Financial Position May Be Even Worse than Previously Estimated
Egypt's crumbling public finances may be in even worse shape than previously estimated. While stock and bond…
World Bank Hopes to Continue Egypt Programs; Says Chief
The World Bank hopes to continue its programs in Egypt following the military ouster of the country's president,…
Egypt C.Bank to Offer US$40 Mln at Today FX Auction
The Central Bank of Egypt (CBE) will be offering today US$ 40 million to the local banks at its 76th foreign…
Hisham Ramez: Banks Operate Normally Today
Hisham Ramez, Governor of Central Bank of Egypt (CBE), said that the Egyptian banks will be operated normally on…
Egypt C.Bank Raises US$ 40 Mln FX Auctions
The Central Bank of Egypt (CBE) tendered US$ 40 million to the local banks at its 75th foreign exchange auction and…
HSBC’s $1.9Bln Money Laundering Settlement Approved by US Judge
HSBC's record $1.9bn settlement with the US to resolve charges it enabled Latin American drug cartels to launder…