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-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
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
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