Friday 17 August 2018

Global banks have $155bn capital shortfall

The world's biggest banks would need to boost their capital by 115 billion euros ($155 billion) to comply with tougher rules and more than 60 per cent of that shortfall is in Europe, where lenders have been slower to strengthen.


Bahrain 'pioneers in affordable housing'

Bahrain-based companies are leading the way in meeting the affordable housing challenge, and setting a leading example for all countries across the Mena region, said experts at a major housing summit held recently. As the Bahraini Governme


$273bn bank hole report misleading, says IMF

IMF chief Christine Lagarde said that reports of a draft IMF document showing a $273.2 billion shortfall in European banks' capital were misleading and the lender was still finalising its study. 'There has been misreporting about t


UAE banks 'in $11bn liquidity shortfall'

Banks in the United Arab Emirates are facing a liquidity shortfall of up to $11 billion and are suffering from bad debt due to unsecured lending, a Standard Chartered executive said on Tuesday. Shayne Nelson, the bank's chief executive

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