Financial Services MENA Edition
Latest News
Bank of America pledges $1bln to address racial, economic inequality
U.S. lender is the first big bank to pledge monetary support following violent protests across the country after George Floyd
Indian carmakers offer teasers as RBI softens stance, sources say
Maruti Suzuki, Hyundai and Daimler's Mercedes Benz have all teamed up with banks to offer purchase schemes involving teaser deals
Dubai's DIFC companies to benefit from group health scheme
Health scheme will be available for 2,400 registered firms in DIFC
UK lends $26bin to small firms hit by coronavirus
Coronavirus Business Interruption Loan Scheme hit $11bln by May 31
Top 10 ranking in Egypt's brokerage market sees newcomers in May
Prime Securities and Cairo Capital Securities both advanced by 13 positions each to break into the top 10
SABB named ‘Best Trade Finance Bank’ in Saudi Arabia
SABB remains the trade provider of choice in Saudi Arabia
Banks request legislative fix to Libor-linked financial contracts
Regulators have cautioned against expecting legislation
U.S. Supreme Court rebuffs investors' bid to block Madoff trustee lawsuits
The justices left in place a lower court's ruling that revived dozens of lawsuits filed by Irving Picard, the trustee liquidating Madoff's firm, aimed at recovering the foreign transfers
Kazakhstan's Halyk Bank reviewing 2020 targets
The bank has previously forecast its 2020 net income at $859mln
Wall Street and Fed fly blind as coronavirus upends annual stress tests
Banks may be on the hook for billions more in capital than they had anticipated
Insights
Hedge funds turn bullish on crude, remain cautious on fuels: Kemp
Portfolio managers have been buyers in eight of the last nine weeks
Rich world's jobs crisis jolts money flows to millions
Roughly one in nine of the global population receives remittances, or about 800mln people, according to the United Nations
On debt-stricken Lebanon, investors see little room for optimism
Four different crisis: creditor