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