banks

Malaysia to seek return of 1MDB money from banks, political parties

KUALA LUMPUR: Malaysia intends to recover all funds illicitly taken from 1Malaysia Development Berhad (1MDB),… Read More

Banks to deduct Zakat today

KARACHI: The State Bank of Pakistan will remain closed for public dealings on 1st Ramazan-ul-Mubarak 1439… Read More

Banks complete 25 million euros securities transaction on blockchain platform

NEW YORK: Credit Suisse Group AG and ING Groep NV have completed a 25 million… Read More

US slaps sanctions on eight North Korean banks, 26 executives

WASHINGTON: The US imposed sanctions on eight North Korean banks and 26 executives on Tuesday, ratcheting… Read More

Chinese banks halt transactions for North Koreans

BEIJING: Branches of China's biggest banks have suspended financial transactions for North Koreans, employees told… Read More

Major French banks financing Israeli settlements: rights report

PARIS: Four major French banks and one big insurer are financing Israeli settlements in occupied Palestinian… Read More

Banks paid $321 billion in fines since financial crisis: BCG

BOSTON: Banks across the world have paid about $321 billion in fines since the 2007-2008… Read More

SBP directs banks, exchange companies to accept all dollar notes

KARACHI: State Bank of Pakistan (SBP) has instructed money exchange companies and banks to accept… Read More

EU banks at risk from bad loans, low profit: regulator

LONDON: The greatest risks facing European Union banks are high levels of bad loans and… Read More

India ATM reset to take ‘weeks’: minister

NEW DELHI: India's cash machines will take several weeks to reset with new bills, India's… Read More

Indian banks reopen to long queues after rupee withdrawal

NEW DELHI: Long queues formed outside banks in India on Thursday as they reopened for… Read More

Hillary Clinton: Wall Street’s favorite enemy

WASHINGTON: Hillary Clinton began her presidential campaign by promising to do what it takes to rein… Read More

Banks readying to leave Brexit Britain

LONDON: International banks based in Britain are readying to relocate some operations outside of the… Read More

Saudi Arabia raises $17.5 bn in first global bond issue

RIYADH: Saudi Arabia raised $17.5 billion in its first international bond offering, HSBC said Thursday,… Read More

State Bank announces demonetization of old bank notes by Nov 30

KARACHI: State Bank of Pakistan (SBP) has decided to phase out all remaining old design… Read More

Banks, MFBs to remain open on September 10: SBP

ISLAMABAD: On the suggestion of the State Bank of Pakistan (SBP), all branches of commercial… Read More

Saudi grand mufti urges businessmen to help troops

RIYADH: Saudi Arabia's most senior cleric has urged businessmen and banks to set up a… Read More

‘Rs280 bn debts of private companies written off in last three years’

ISLAMABAD: Finance Minister Ishaq Dar has told the senate that more than a thousand private… Read More

Insufficient cash, closures reported at ATMs across the country

KARACHI: The closure and lack of cash in  Automated Teller Machines (ATM) in several parts… Read More

China banks write off $300 billion in bad loans: official

BEIJING: Chinese banks have written off more than $300 billion of bad loans in the… Read More