Saudi Banking Stocks Offer Hope; Petchem ‘Vulnerable’
The Kingdom’s banks have posted robust second-quarter earnings and analysts see upside for their stocks given…
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Banks
HSBC Bank Holds First Board Meet
HSBC Bank Oman SAOG held its first Board of Directors’ meeting under the chairmanship of Simon Cooper, CEO of HSBC…
South Korea Central Bank Cuts Rates In Shock Move, More To Come
The Bank of Korea finally joined the global rush to ease monetary policy on Thursday, cutting its benchmark rate…
Brazil Cuts Rate For 8th Time As Recovery Falters
Brazil cut its benchmark interest rate to a record-low 8 percent on Wednesday as policymakers scramble to revive an…
NCB’s Net Income Reached SR3,562m In The First Half Of 2012
The National Commercial Bank announced that net income for the first half of 2012 reached SR3,562m compared to…
Bank Of Japan Affirms Recovery, Stands Pat
The Bank of Japan on Thursday reaffirmed its view that the economy will keep to a moderate recovery despite high…
Spain Will Have To Cede Most Control Of Banks
Spain will likely have to cede most control over its banks to Europe in exchange for assistance, according to a…
Saudi Mortgage Law To Diversify Banking Sector
The introduction of a mortgage law in Saudi Arabia will improve the housing supply as well as provide…
HSBC To Apologize At Hearing On Money Laundering, Memo Shows
HSBC Holdings Plc (HSBA) will apologize at a July 17 U.S. Senate hearing for anti-money laundering controls that…
Credit Suisse Exempted From German Tax Prosecution
Credit Suisse said it believed it was exempt from prosecution for helping Germans evade taxes following a deal last…