Barclays Says ‘Truly Sorry’ for Letting Down Customers, Clients
Barclays Plc (BARC) has made a public apology to customers and clients, saying they have “been let down” by the…
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Banks
UAE Bank Assets Down Dh17bn In May
The combined assets of UAE banks declined by nearly Dh17 billion in May, the first drop in the first five months,…
Visa, Mastercard, Banks In $7.25 Billion Retail Settlement
Visa Inc, MasterCard Inc and banks that issue their credit cards have agreed to a $7.25 billion settlement with…
Kuwait Inflation Falls Further To 2.8% In May
Inflation in the Consumer Price Index (CPI) slowed to 2.8 percent year-on-year (y/y) in May, a further drop from…
Jpmorgan Claim Of Possible Trader Intent May Help Bank
JPMorgan Chase & Co. (JPM)’s announcement that an internal inquiry may show “intent” to misprice trades in a…
NCB Top ME Bank In Terms Of ‘Solvency’
In another confirmation of its leading position at all levels nationally, regionally and internationally, the…
KFH-Turkey: 23 Years Of Successful Leadership Of Kuwaiti Private Sector In Turkey
On March 31st 1989, KFH-Turkey began officially working in Istanbul as the first Islamic bank in Turkey. The bank…
Credit Suisse Cuts 2012 Commodity Price Outlook
Credit Suisse lowered its 2012 price forecasts for commodities across the board, including oil, precious metals and…
ANB Posts $ 366 M Net Profit In First Half
Arab National Bank (ANB) reported a net profit of $ 366.3 million for the first six months of 2012, compared to $…
BAJ Q2 Net Income Rises To SR 129 M
Bank AlJazira (BAJ) has announced the annual consolidated financial results for the year ended June 30, 2012. Net…