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Abu Dhabi, UAESunday 18 November 2018

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Showing 1 - 10 results of 791 for "Business/Banking"

Tidjane Thiam, chief executive of Credit Suisse. The Zurich-based bank is considering hundreds of job cuts to slash costs. REUTERS/Mike Blake/File Photo

Credit Suisse weighs hundreds of job cuts to reduce costs 

The dismissals could start as soon as this year and help the bank achieve its 2019 expense targets

November 17, 2018
Federal Reserve Chairman Jerome Powell. He said the US. economy is performing well but he's eyeing potential risks ahead. (AP Photo/Elise Amendola, File)

Fed rate pause possible in 2019 as Powell highlights headwinds 

The US central bank is widely expected to raise rates for the fourth time this year in December

November 16, 2018
British 10 and five pound banknotes. The pound plunged on Thursday morning. Bloomberg

UK pound plunges most since 2017 giving UAE residents remittance opportunity

Fall in sterling has come amid Brexit chaos

November 15, 2018
During his trial in 2012, Mr Adoboli claimed UBS senior managers were fully aware of his activities. AFP

Former UBS trader deported from UK as appeals fail

Kweku Adoboli’s local MP Hannah Bardell says that the man who lost the Swiss bank $2.3 billion left on Wednesday

November 14, 2018
A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Quebec, Canada. Bloomberg

IMF head says central banks should consider issuing digital currency

Christine Lagarde called the changes in money handling "a historic turning point"

November 14, 2018
Bahrain-based GFH Financial Group awards reported more than 23% rise in its third quarter net income. Reuters

GFH third quarter profit climbs 23.3% on investment banking activities

The Manama-based firm reported a $103.4m net income for the first nine months of the year

November 13, 2018
The Bank of England, in the City of London. The UK-based FICC Markets Standards Board is working to enhance regulation of electronic trading. Reuters

UK watchdog to draw up guidance for AI in cross-border trades  

FMSB aims to weed out misconduct in the global fixed income, FX and commodities industries

November 12, 2018
Abdul Aziz Al Ghurair, the chairman of the UAE Banks Federation, says UAE banks are expected to see a 5 per cent loan growth. Sammy Dallal / The National

UAE central bank removes 20% cap on real estate loans, Banking Federation chief says

Commercial banks are expected to see a five per cent loan growth next year, Mr Al Ghurair says

November 11, 2018
Offices of banks, including JPMorgan Chase, Citi, HSBC, and other institutions in London's Canary Wharf.  Major banks are shifting assets to Frankfurt as Briton heads for Brexit. AFP

JPMorgan among top banks leading $283bn Brexit move to Frankfurt

The major US investment banks are planning to shift assets to Frankfurt as Britain heads for Brexit

November 10, 2018
The UBS logo sits at the bank's headquarters in Zurich, Switzerland. UBS is facing billions in fines from US and French lawsuits. Photographer: Adrian Moser

UBS risks billions in fines as bank fights US and French lawsuits

Swiss lender is embroiled in legal battle over mortgage-backed securities

November 9, 2018