Friday 26 December 2014
 
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StanChart

Banks in tussle with Etisalat on $400m loan

International banks Standard Chartered and Citigroup have fallen out with Abu Dhabi-based telecoms firm Etisalat over $400 million which they lent to Etisalat's now defunct Indian affiliate, according to three banking sources familiar with t

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StanChart unit exits $75m Bahrain investment

  Standard Chartered said its private equity arm has exited a $75 million mezzanine investment in Hassan Mohammed Jawad & Sons (Jawad Business Group), a family-owned private company based in Bahrain.  

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Banks face years of US fines over Iran

  For years, the US struggled to get foreign bankers to comply with its effort to throttle Iran's economy - but a couple of billion dollars in fines, not to mention lurid headlines and talk of jail time, has suddenly got thei

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StanChart row: fact or fiction?

  It was in October 2006 that a senior executive at Standard Chartered in New York pressed the alarm bell over the bank's dealings with Iranian customers.   Realizing the bank was being too slow

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Iraq places Warka Bank under guardianship

Iraq's central bank placed private bank Warka Bank under guardianship to supervise it through insolvency, a senior official in the central bank said on Sunday. Warka Bank had been in talks with Standard Chartered to sell a stake last y

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Stanchart eyes $3bn Singapore revenue

Standard Chartered wants to almost double its Singapore revenue to $3 billion over the next three years as it remains bullish on the Asian growth story, its Singapore chief said in remarks published on Saturday. The bank sees itself growin

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20 Gulf bonds likely in 6 months: Stanchart

The Gulf region could see up to 20 bond issues over the next six months, Standard Chartered's top executive for the region said on Monday, buoyed by global demand for emerging market debt. After a slow start to the year, primary issuan

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StanChart in $100m ME private equity deal

Standard Chartered Bank plans to close a $100 million private equity deal before the end fo this year, its first in the Middle East, a senior executive of the bank said on Wednesday. "We are working on a lot of deals, our first deal in pri

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StanChart plans $11 billion rights issue

Emerging markets bank Standard Chartered plans to raise as much as $11 billion through a rights issue to strengthen its finances ahead of the introduction of new global capital rules, the Financial Times reported on Wednesday. Regulators,

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StanChart launches first Islamic dollar account

Standard Chartered Bank has announced the launch of the first Islamic US Dollar Nostro Account in the United States. The new 'Saadiq US Dollar Nostro Accounts' will be available globally, including in the Middle East & Malaysia.

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