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    BOJ slashes economic growth and inflation forecasts for current year

    BOJ slashes economic growth and inflation forecasts for current year

    29 Oct 2020

    The Bank of Japan (BOJ) trimmed its economic growth and inflation forecasts for the current fiscal year (2020-21) on Thursday but offered a more upbeat view on the recovery outlook,...

    ECB’s VP says mergers can help in improving banks’ profitability

    ECB’s VP says mergers can help in improving banks’ profitability

    19 Oct 2020

    The European Central Bank’s (ECB’s) vice president called on Monday for further consolidation and cost reductions by eurozone banks to improve battered profitability. Banks are under pressure in Spain and...

    Abu Dhabi banks’ income is Dhs9.55 billion

    Abu Dhabi banks’ income is Dhs9.55 billion

    16 Oct 2020

    Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around Dhs9.55 billion in Q2 of 2020, according to data issued by the Statistics Centre-Abu Dhabi...

    US banks show muddled outlook as coronavirus woes continue

    US banks show muddled outlook as coronavirus woes continue

    15 Oct 2020

    While reporting third-quarter results, CEOs and finance chiefs at the five biggest US lenders gave a muddled picture of what to expect. Will loan losses from the coronavirus recession get...

    Trio in court for forging bank statement

    Trio in court for forging bank statement

    14 Oct 2020

    The Dubai public prosecution has referred three suspects to the court of misdemeanours on charges of forging a bank statement and using the forged copy of the document to...

    Morgan Stanley to acquire Eaton Vance for $7 billion

    Morgan Stanley to acquire Eaton Vance for $7 billion

    09 Oct 2020

    Morgan Stanley has agreed to buy Eaton Vance Corporation for about $7 billion in a cash-and-stock deal that can quickly expand its investment-management business and add more offerings for retail...

    Sacked legal consultancy employee steals Dhs190,000 in revenge move

    Sacked legal consultancy employee steals Dhs190,000 in revenge move

    06 Oct 2020

    Gulf Today, Staff Reporter The Dubai Public Prosecution referred a delegate working in an advocates and legal consultancy office to the Criminal Court on charges of stealing Dhs190,000. The...

    ‘UAE consumer banking demands changing’

    ‘UAE consumer banking demands changing’

    05 Oct 2020

    Business Bureau, Gulf Today The expectations of consumers across the United Arab Emirates in the banking sector is rapidly evolving, even more so with the pervasiveness of the COVID-19...

    India to waive certain interest levies on loans in major relief

    India to waive certain interest levies on loans in major relief

    03 Oct 2020

    In a major relief to thousands of individuals and MSME borrowers, the India’s central government in an affidavit informed the Supreme Court that it has taken a decision to waive...

    10-year swap rate on UAE Dirham at 1.6% in first half

    10-year swap rate on UAE Dirham at 1.6% in first half

    25 Sep 2020

    The 10-year swap rate on the Dirham has steadied at 1.6 per cent by the end of H1-2020, only rising to 1.9 per cent during the first week of June...

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