Bankers in the European Union earning more than 500,000 euros ($688,000) a year may be excluded from a cap on their bonuses if they are not major risk takers, according to a revised rule from the EU's banking watchdog yesterday.
EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.
The penalties, whi
The central bank of the UAE has eased planned curbs on commercial banks' exposure to state-linked debt, giving them five years to comply after the banks complained that the rules could hurt their business.
As part of efforts t
Installation art, interactive walls and a robot doorman; the flagship branches of the world's top banks have come a long way from the iron grilles and potted plants of old.
To compete against online-only rivals and to attract
Oman's central bank on Wednesday cut the ceiling on interest rates that commercial banks can charge on new personal loans to 6 per cent from 7 percent, to ease the financial burden on borrowers in the Sultanate, state news agency ONA reporte
There is a major need for consolidation in Bahrain's retail banking sector if it is to compete in regional markets.
That was the message from Bahrain Association of Banks (BAB) chairman Abdul Razak Al Qassim.
A Saudi-American woman has been accused of robbing five banks in the US in the space of three weeks.
Ranya al-Huthaili, 23, who was arrested earlier this month on charges of robbing banks, will now remain in cu
Bahrain-based Al Baraka Banking Group said its Turkish subsidiary, Al Baraka Turk Participation Bank, had concluded a syndicated Sharia-compliant Murabaha financing, raising $196 million and 175.5m euros ($236.7 million).
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.
A consortium of leading banks from the Middle East have announced the successful closure of a $430 million equivalent dual-currency syndicated Murabaha financing facility for AlBaraka Turk, the Turkish subsidiary of the Bahrain-based Islamic len