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    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.

    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 worse,

    Asian sentenced to one year in jail for Dhs80,000 fraud in Dubai

    09 Nov 2021

    Investigations showed that the defendant impersonated a doctor and deliberately intended to meet a bank representative in doctors’ official white uniform in a bid to fraudulently obtain a Dhs80,000 credit card.

    Sheikh Sultan stops auction to sell house of Emirati in Sharjah

    08 Nov 2021

    It is said that the man had bought that house through a bank-housing loan of Dhs3.5 million, but he reportedly fell behind payment for two year.

    UAE Central Bank raises the interest rate by 25 basis points

    16 Mar 2022

    This decision comes after the Federal Reserve announced an increase in the interest rate on reserve balances by 25 basis points at its meeting held on March 16, 2022.

    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 bid to help firms through the coronavirus crisis.

    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 before falling against to 1.6 per cent by the end of the month, according to the figures of the Central Bank of the United Arab Emirates.

    India clears Yes Bank rescue, private banks to buy stakes

    13 Mar 2020

    India’s cabinet has approved a rescue plan for Yes Bank, the finance minister said on Friday, as authorities look to prevent a broader banking crisis.

    SBI may implement resolution plan for Yes Bank before RBI deadline

    07 Mar 2020

    State-owned insurer Life Insurance Corporation may consider joining RBI efforts to rescue Yes Bank. The minimum investment for SBI would be Rs5,500 crore if it picks 26 per cent stake in Yes Bank.

    Coronavirus: ADIB gives Dhs25 million to ‘Together We Are Good’ initiative

    25 Mar 2020

    Commenting on the contribution, Jawaan Awaidha Suhail Al Khaili, Chairman of ADIB, expressed his appreciation on behalf of everyone at ADIB for the efforts made by the Government of the UAE and the Executive Council of Abu Dhabi, and other national bodies and institutions, to address the current situation.

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