Saturday , 7 February 2026

Recent Posts

Saudi, Egyptian banks bask in global glow

DUBAI / Reuters The banking sector helped support stock indexes in Saudi Arabia and Egypt on Monday as investors were influenced by the positive mood in global bourses, while other markets in the region moved little. “With quarterly earnings now largely behind us, investors are looking for fresh triggers, and the optimism buzzing around global markets is just that,” said …

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UK begins worries about post-Brexit London

Bloomberg Royal Bank of Scotland Group Plc Chairman Howard Davies said banks’ dire warnings about Brexit are finally getting through to the British government. “In recent weeks we have seen a much greater realisation of the much greater disruptive impact of a disorderly Brexit,” Davies said Friday. “The fact that the Bank of England has asked people to share their …

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Commonwealth Bank: Coding error behind money-laundering suit

Bloomberg Commonwealth Bank of Australia has blamed a software coding error for more than 50,000 alleged breaches of money-laundering and terrorist-financing laws. The error went undetected for almost three years, the Sydney-based bank said in its first detailed response after being sued August 3 by the country’s financial crime agency. Austrac alleged the bank failed to report on time or …

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