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    HSBC axes CEO in shock shift to speed up strategy on priority areas

    05 Aug 2019

    HSBC ousted John Flint as chief executive after just 18 months in a shock move the chairman of Europe’s biggest bank said was needed to speed up progress on priority areas such as the turnaround of its US business.

    AU, Noor Bank launch Dhs3.2m fund

    05 Aug 2019

    Ajman University (AU) and Noor Bank, as part of their social responsibility towards indigent students, and in a bid to promote Islamic banking and finance industry, have launched the first of its kind waqf (endowment) initiative in the UAE with a capital base of Dhs3.2 million.

    Thailand’s central bank slashes key interest rate unexpectedly

    08 Aug 2019

    Thailand’s central bank (CB) unexpectedly cut its benchmark interest rate, expressing worry about strength of the baht and aiming to help support faltering growth.

    Public sector banks in India to suggest steps to boost economy

    23 Aug 2019

    In a bid to shield India from the headwinds emanating from the ongoing general economic slowdown, the Central government has asked Public Sector Banks (PSB) to recommend ways to prop up growth.

    ADIB UK provides Dhs120m funding

    23 Aug 2019

    Abu Dhabi Islamic Bank in the UK (ADIB UK), has provided financing for the Bank of London and the Middle East (BLME), to acquire a Dhs120 million (GBP26.95 million) Grade A office building in Edinburgh,

    Banks across Eurozone to get more time to cover bad loans

    24 Aug 2019

    Banks in the eurozone will get more time to set aside cash to cover for loans that have gone or will go unpaid after the European Central Bank (ECB) bowed to pressure from Brussels to ease its rules on the matter.

    Investor's aide, bank manager defraud him of Dhs17.5 million

    15 Sep 2019


    A bank manager teamed up with an investor’s assistant to drain Dhs17, 520, 794 from the investor’s account, a jury heard on Sunday.

    Launch of new online banks in Hong Kong faces further delay

    17 Sep 2019

    The launch of new online-only banks in Hong Kong is expected to be delayed in part due to anti-government protests in the city, people with direct knowledge of the matter said.

    BOJ keeps policy steady, hints at chance of easing in October

    19 Sep 2019

    The Bank of Japan (BOJ) kept monetary policy steady on Thursday but signaled the chance of expanding stimulus as early as its next policy meeting in October by issuing a stronger warning over the risks threatening the economy.

    UK to give $17 billion to new Infrastructure Bank

    27 Feb 2021

    Britain is to launch a new Infrastructure Bank with £12 billion ($17 billion) in capital and £10 billion in government guarantees, the Treasury said on Saturday, aimed at kickstarting the economy.

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