Thursday 31 July 2014
bank accounts

New EU rules make it easier to switch bank accounts

Europeans will find it easier to open and switch bank accounts and see what fees they are being charged under new rules proposed by the European Commission on Wednesday. The proposal, which could become law in the European Union i


Bahrain Air staff's bank accounts 'frozen'

Bahrain Air staff with outstanding loans have had their bank accounts frozen until they pay off their debts, the airline's trade union claimed yesterday. It added that more than 200 expat employees were also unable to leave th


36 charities' bank accounts frozen in Bahrain

Bank accounts of 36 charities have been frozen after they were found in breach of new regulations. The Social Development Ministry took the action against those who failed to register as fully-fledged societies. However, although s


UAE freezes 41 Iran-linked bank accounts

The central bank of the United Arab Emirates has told financial institutions in the Gulf  country to freeze 41 Iran-linked accounts, in a move based on new UN sanctions on Tehran, a UAE daily reported on Monday. It came a week after a


Swiss parliament approves UBS-US tax deal

Switzerland's parliament backed a Swiss-US tax treaty crucial to the future of UBS AG, ending months of uncertainty over the deal and paving the way for renewed recovery at the Swiss bank. The two houses of parliament agreed not to stage a

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