Five of China's largest banks have said the country's lenders face multiple headwinds this year that include the pandemic, global politics and Read More
Indian private lender Axis Bank (AXBK.NS) is buying Citigroup Inc's (C.N) local consumer banking arm for $1.6 billion in its biggest Read More
Japan's central bank stepped up efforts on Wednesday to keep a key bond yield below a red line, offering to buy more Read More
Political impasse in Lebanon, accounting regulations wreak havoc on the financials of the Bank of Sharjah
Due to a political impasse, currency volatility, and a new accounting regulation imposed on its Lebanese affiliate Emirates Lebanon Bank (EL Bank), Read More
EXCLUSIVE ECB ready to set up money exchange for Ukrainian refugees with EU guarantee
The European Central Bank is ready to organise a scheme for millions of Ukrainian refugees to exchange their hryvnia currency into euros Read More
Leading investor advisory firms have again raised concerns over the salary of UniCredit (CRDI.MI) CEO Andrea Orcel, with one recommending for Read More
British bank Barclays (BARC.L) disclosed on Monday an estimated 450 million pound ($592 million) loss on mishandled structured product sales and said this Read More
Struggling to swim against the tide taking interest rates higher globally, the Bank of Japan staunchly defended its 0.25% yield cap on Monday Read More
UAE Central Bank rates are increased followed by U.S Federal Reserve
The Central Bank of the UAE (CBUAE) has decided to raise interest rates by a quarter percentage point, effective from Thursday,17 March 2022. Read More
Securities settlement house Euroclear said on Monday it had joined a consortium of banks building a payment system for tokenised assets in Read More





