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    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 ‘interest on interest’ (compound interest)

    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 investors, the bank said.

    Turkish authorities ban crypto assets

    16 Apr 2021

    This is due to entailed significant risks due to volatile market values, irrevocable transactions and are used in illegal actions.

    Morgan Stanley net profit surges, flags nearly $1 billion Archegos loss

    16 Apr 2021

    Morgan Stanley reported a 150% jump in first-quarter profit on Friday that sailed past Wall Street expectations, while disclosing an almost $1 billion loss from the collapse of private fund Archegos.

    Emirates NBD wins award for innovation in marketing

    25 Apr 2021

    Emirates NBD, a leading banking group in the Menat (Middle East, North Africa and Turkey) region, has won the prestigious BAI Global Innovation Award in 2020 for Marketing innovation for its #SecureYourAccount

    ADCB posts Dhs3.809b net profit for FY 2020

    31 Jan 2021

    The Abu Dhabi Commercial Bank (ADCB) on Sunday reported its financial results for 2020 and the fourth quarter of the same year. According to the result, the bank posted Dhs1.007 billion net profit in the fourth quarter of 2020

    Credit Suisse overhauls as it takes $4.7b hit on Archegos

    06 Apr 2021

    Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk divisions.

    Russian central bank slashes key interest rate, predicts more cuts

    27 Jul 2019

    The Russian central bank (CB) trimmed its key interest rate to 7.25%, as expected, and said more cuts were likely later this year amid slowing inflation.

    ADIB and Al Baraka sign MoU to expand network

    21 Jul 2019

    Abu Dhabi Islamic Bank (ADIB), a leading financial institution, and Al Baraka Banking Group (Al Baraka), a Bahrain-headquartered Islamic multinational banking group, on Sunday announced that they have signed a memorandum

    Bankia net profit falls 31.6 per cent

    29 Jul 2019

    State-owned lender Bankia on Monday reported a 31.6 per cent fall in second-quarter net profit from a year earlier due to lower trading income although income from loans showed some signs of stability.

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