Banking

Dubai / Reuters Bahrain’s central bank ordered banks operating in the kingdom to freeze assets and bank accounts of the Qatar-linked 59 individuals and 12 entities that a group of Saudi-led Arab countries have accused of links to terrorism, the state news agency BNA reported in a statement. The move came after Saudi Arabia, the UAE, Egypt and Bahrain, who ...

Bloomberg Global bank regulators have been toiling for a decade on capital rules intended to help prevent another financial crisis. Now they’re within touching distance of a final deal, with one main obstacle standing in their way: France. The U.S. and Europe have long been at loggerheads over measures to stop banks from gaming the capital rules known as Basel ...

Bloomberg Deutsche Bank said it can’t comply with a request to hand over information related to its relationship with Donald Trump and trades from the bank’s Moscow operation as political opponents seek to probe the US President’s links with Russia. The lender is required by law to maintain confidentiality of non-public customer information, Deutsche Bank lawyers said in a letter ...

DUBAI / Reuters Shares in Qatari banks fell in early trade on Sunday after the central bank of the United Arab Emirates ordered UAE banks to be wary of any accounts they hold with six Doha-based banks. The UAE, as part of its response to the diplomatic rift in the region, told local banks to apply ‘enhanced due diligence’ to ...

Dubai / Emirates Business Pakistan’s largest bank Habib Bank Limited (HBL) announced its strategic retail analytics programme in collaboration with Qarar, UAE’s leading decision analytics consultancy. With this comprehensive programme in place, HBL will be one step ahead of the industry by utilizing advanced applications and behavioural scorecards developed for the Bank by Qarar. Both organizations have shared an enduring ...

Bloomberg As dawn broke in Madrid, Ana Botin embarked on the boldest move of her almost three-year tenure as chairman of Banco Santander, Spain’s largest bank. Botin, better known for accumulating capital and emphasizing internal growth than doing deals, took a page from her late father’s playbook. She agreed to acquire failing Banco Popular Espanol SA for the knockdown price ...

Bloomberg Nomura Holdings Inc. has determined that it breached securities laws in its handling of nonpublic information about a company the firm took public last year and plans to report the issue to Japanese regulators, people with knowledge of the matter said. An internal investigation found that a former branch manager in Kyushu in southern Japan mishandled private information that ...

Bloomberg Sweden unveiled a softer plan for filling the country’s bank resolution reserve following threats from Nordea Bank AB that it may shift its headquarters from Stockholm to a more accommodating regulatory environment. Sweden will keep a cap on the size of the resolution reserve, instead of allowing it to grow indefinitely, the Finance Ministry said. The government stuck to ...

Bloomberg A former Societe Generale SA managing director was charged in a French insider-trading case linked to Air Liquide SA’s $13.2 billion takeover of Stephane Fima, a managing director who specialized in acquisition financing, was charged by an investigative judge following raids last year at the bank’s headquarters in the La Defense business district in western Paris. The criminal charges ...

Bloomberg ABN Amro Group NV said it fired some mortgage advisers and cut performance-related pay after it found 114 staff copied client signatures, closing a probe the Dutch bank started more than six months ago. The government-owned lender terminated as many as 10 staff out of more than 850 advisers, a spokesman for the Amsterdam-based bank said. The bank said ...