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As part of ongoing humanitarian efforts, UAE evacuates 178 people from Sudan

ABU DHABI / WAM An evacuation plane carrying 178 nationals from seven countries arrived in the UAE this afternoon from Sudan, which has experienced clashes since mid-April. The plane carried the most vulnerable groups of the sick, children, the elderly, and women, as the UAE has placed them at the top of its priorities. Among those evacuated onboard the flight ...

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UK depositors pull $13.8bn out of banks after SVB crisis

BLOOMBERG British households and businesses pulled almost £11 billion ($13.8 billion) out from banks in March as panic spread from the collapse of Silicon Valley Bank (SVB) and the takeover of Credit Suisse Group AG. Households took out almost $6.32 billion (£5 billion) from bank accounts in the first decline in deposits in almost five years, Bank of England (BOE) ...

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More Chinese banks cut deposit rates as their margins shrink

BLOOMBERG At least three nationwide Chinese banks lowered deposit rates, following a similar move by their smaller rivals in April as lenders battle shrinking margins. Mid-sized national banks including China Zheshang Bank Co, Hengfeng Bank Co and China Bohai Bank Co said they lowered deposit rates as much as 30 basis points on some tenors. After the adjustment, these lenders ...

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