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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

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

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

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’

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

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

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...

Australia to overhaul bankruptcy laws to help firms over COVID-19

24 Sep 2020

Australia on Thursday unveiled its biggest shakeup in bankruptcy laws in nearly three decades, allowing small businesses to trade while insolvent and take more control over debt restructuring, in a...

Fund transfers between UAE’s banks amount to Dhs5.054tr

31 Aug 2020

The total value of fund transfers among the UAE’s banks amounted to Dhs5.054 trillion during the first six months of 2020, according to the statistics released by the Central Bank...

Absconding godman Nithyananda unveils ‘Reserve Bank of Kailaasa’

23 Aug 2020

Absconding self-styled godman Nithyananda unveiled the currency of the 'Reserve Bank of Kailaasa’ on Saturday. He announced on his official Facebook account that the bank has offered its currency...

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