Bloomberg Qatari banks, already stretched by financing demands of the $200 billion 2022 World Cup, took a head-on blow from its neighbours’ abrupt decision to cut economic and diplomatic ties. At risk are the foreign deposits-especially from the six-nation Gulf Cooperation Council-that have helped sustain institutions like Qatar National Bank QPSC, the region’s largest by assets, and Doha Bank QSC. ...

DOHA / Reuters The Qatari currency came under pressure on Tuesday as Gulf commercial banks began to hold off on dealing with Qatari banks because of the diplomatic rift in the region, banking sources said. Some Saudi Arabian, UAE and Bahraini banks were delaying business with Qatari banks, such as letters of credit, after their governments cut diplomatic ties and ...

COLOMBO / Reuters Some Sri Lankan banks stopped buying Qatar Riyal on Tuesday, saying their counterpart banks in Singapore advised them not to accept the currency a day after the Arab world’s biggest powers cut ties with Qatar. Dealers at four local private banks said they have stopped buying Qatar Riyal. “Our counter-party in Singapore has asked us not to ...