UK banks can be wound down without public funds – BoE
The Bank of England (BoE) announced on Tuesday that Britain's top eight banks, including HSBC, Barclays, Lloyds,…
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Banks
Egypt’s banks off on Thursday for Islamic New Year
The Egyptian banks will be off on Thursday, July 11, 2024, in observance of the Islamic New Year.
Egypt’s banks off on Sunday for national holiday
The Egyptian banks will be closed on Sunday, June 30, 2024, in observance of the 30th of June Revolution…
Egypt’s banks off from June 16 to 23
The Central Bank of Egypt (CBE) announced on Tuesday a suspension of banking operations across the country in…
US, 13 allies to sign Indo-Pacific economic agreements
The US and 13 partner nations in Asia and the Pacific are poised to sign agreements on two additional components of…
Egypt’s traders demand probe into EGX power outage
Egyptian Stock Exchange (EGX) traders and investors have demanded an immediate investigation into Monday's service…
European banks seek ‘strategic’ status
European banks are urging the European Union (EU) to classify them as a strategic sector, warning that their…
China Vanke receives govt. support amid property crisis
China’s government stepped in to bolster China Vanke, a state-backed property firm currently facing financial…
ECB maintains rate floor, monitors economic outlook
The European Central Bank (ECB) plans to maintain a “floor” under market interest rates, with the decision on the…
FAB launches 1st global Sukuk in ‘24
First Abu Dhabi Bank (FAB) issued on Thursday a five-year Sukuk worth $800 million at a rate of U.S. Treasury +85…