Thursday 17 April 2014
 
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banks

Mubadala hires six banks for Eurobond issue

Abu Dhabi's Mubadala has hired six banks to lead manage a new Eurobond issue, according to several market sources. The state-owned fund has appointed Bank of America Merrill Lynch, Credit Agricole CIB, Deutsche Bank, Goldman S

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Android botnet 'targeting ME banks’

Sandroid, a new botnet targeting the online bankers in the Middle East, has till date infected more than 2,700 Android smartphones and has intercepted at least 28,000 text messages of the users who bank at financial institutions in the Middle Ea

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Android botnet 'targeting ME banks’

Sandroid, a new botnet targeting the online bankers in the Middle East, has till date infected more than 2,700 Android smartphones and has intercepted at least 28,000 text messages of the users who bank at financial institutions in the Middle Ea

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Saudi deputy crown prince denounces banks

The second-in-line to the Saudi Arabian throne has denounced banks in the kingdom, saying they are contributing too little to society compared to what they take, Saudi media reported on Wednesday. There were no indications that th

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Chinese banks to undergo stress tests

The China Banking Regulatory Commission (CBRC) has said it will conduct regional and national stress tests after banks saw a spike in bad loans last year, the Shanghai Securities News reported yesterday, reflecting growing concerns over credit r

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Bahrain banking sector in good health, says IMF

The International Monetary Fund (IMF) has given Bahraini banks a clean bill of health, while rating agency Moody's raised its outlook for the sector, as banks in the kingdom emerge from a period of consolidation. Bahrain has w

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Kuwait lets foreign banks open more branches

Kuwait will let foreign banks open multiple branches in the country to spur growth, authorities said, though analysts doubt many banks will take advantage of the offer unless the government accelerates long-postponed investment projects.

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Emsteel cuts banks, pricing as loan oversubscribed

Abu Dhabi's Emirates Steel has cut around half the banks who applied to fund its $1.3 billion loan and dropped the margin by around a fifth after the facility was heavily oversubscribed, banking sources said on Tuesday. The lo

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Emsteel cuts banks, pricing as loan oversubscribed

Abu Dhabi's Emirates Steel has cut around half the banks who applied to fund its $1.3 billion loan and dropped the margin by around a fifth after the facility was heavily oversubscribed, banking sources said on Tuesday. The lo

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Six banks join plan for shared customer data register

JPMorgan, Citigroup and four more major banks have signed up with an industry group to develop a central register of information on other banks they deal with to help to meet increasing compliance demands and costs. Swift, a Bruss

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