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Abu Dhabi, UAESunday 23 September 2018

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Showing 1 - 10 results of 711 for "Business/Banking"

European Central Bank chief economist Peter Praet says the projected trend reflects the euro area’s solid economic growth. Reuters

Apex of euro zone's excess liquidity projected to hit at year-end

Excess liquidity will peak at about €2tn and drop below €500bn in 2022, ECB chief economist says

September 22, 2018
Mr Hauschild was part of Deutsche Bank’s trading pool in Frankfurt. EPA

Former Deutsche Bank trader arrested in Italy over interest rate probe

Andreas Hauschild was charged in the UK in 2015 with 10 other traders

September 22, 2018
Yes Bank's shares sank to the lowest level since 2016 after India’s banking regulator refused to extend the tenure of its chief executive. REUTERS

Financial share plunge rattles Indian stock market 

Investors remain jittery about Indian financial shares after a recent default by Infrastructure Leasing & Financial Services

September 21, 2018
Danske Bank headquarters in Copenhagen, Denmark. The bank is at the centre of a major money laundering scandal with as much as $234bn flowing through a tiny unit in Estonia. Bloomberg

Denmark's Danske Bank could face $630 million fine

The penalty would mark a Danish record for such cases if the bank is found guilty of money laundering

September 20, 2018
Egypt is among the African countries that have expressed interest in issuing Islamic bonds David Degner / The National

Sukuk issuance to grow in Africa as Islamic debt demand rises 

Moody's expects at least $1bn worth of sukuk deals to be issued in Africa over the next 18 months

September 20, 2018
A currency counting machine counts Libyan dinars at a currency exchange office in Tripoli. Libya introduced a raft of measures Wednesday to boost its struggling economy. Reuters

Libya curtails black market with 183% currency trading fee

Black market rates have squeezed liquidity and fueled inflation in the North African nation

September 20, 2018
A technician monitors cryptocurrency mining rigs. Security and regulatory concerns have plagued the virtual currency for much of this year. Bloomberg

Japanese cryptocurrency exchange victim of $60 million heist

Tech Bureau's exchange was hacked on September 14, and it notified authorities three days later

September 20, 2018
Richard Teng, chief executive of ADGM's Financial Services Regulatory Authority, called for tougher international regulation on cryptocurrency trading and investment, during Fintech Abu Dhabi this week. Chris Whiteoak / The National

Tougher rules needed on crypto trading, Abu Dhabi regulator says

Industry needs global regulation to beat scams but progress has been made, says FSRA chief executive Richard Teng

September 19, 2018
Emirates NBD main bank office in Dubai. It expects its retail business to grow. Bloomberg

Emirates NBD sees high single-digit retail book growth this year and next

The biggest bank in Dubai expects its cards business to continue growing and NPLs to remain under check

September 19, 2018
The Federal Reserve building in Washington, DC. In the US, Fed officials have continued to make their case for tighter monetary policies. Photo: Reuters

Central Banks strike back against meddling

Governments are becoming more vocal about how central bank policies should be implemented

September 18, 2018