Manama / Reuters The 23rd annual World Islamic Banking Conference (WIBC) recognized excellence within the Islamic finance and banking industry at a high profile Gala Dinner at the beautiful ART Rotana Hotel, Amwaj Islands in Bahrain. WIBC Performance Awards were granted to the top Islamic financial institutions based purely on their performance at the global, regional and national levels. …

  Shanghai / AFP Chinese bank lending grew modestly month-on-month in November, official data showed on Wednesday, after being almost halved in October, the latest indication that the country’s economy may be stabilising. New loans extended by banks rose to 794.6 billion yuan ($115.1 billion) last month, compared with 651.3 billion yuan in October, said the People’s Bank of China …

  Bloomberg Central Bank of Kenya officials were allegedly at the heart of fraud at the failed Imperial Bank Ltd., described by one analyst as perhaps the industry’s largest scandal in the East African nation. Imperial Bank staff for years gave central bank officials loans and even school fees in exchange for helping to hide unauthorized debt, according to a …