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LONDON / Bloomberg The Bank of England (BOE) should force banks to set aside more capital to support lending in a downturn, former policy maker Charles Goodhart said. The countercyclical capital buffer is currently set at zero and while the Financial Policy Committee (FPC) has said it intends gradually to increase the level to 1 percent, Goodhart said such a …

New York / AFP US banking supvervisors should beef up their oversight of large banks beyond stress tests with deep-dive audits and greater use of outside examiners, a top regulator said. Under a ‘full-scope’ exam, a team of regulators would converge on the largest US banks to pull ledgers, check whether loan payments are on time and “systematically review a …

BLOOMBERG Executives at Banco Popolare SC and Banca Popolare di Milano Scarl are racing to reach a merger accord that meets the European Central Bank’s (ECB) capital demands as Italy’s biggest banking deal in years threatens to unravel. After a month of talks with the lenders failed to assuage the ECB’s concerns over capital and governance, the central bank sent …

GULF TIME Vapiano is set to introduce breakfast for the first time in its history across its UAE outlets, marking an exciting new chapter for the international dining brand. The new Vapiano Breakfast Menu has been created to bring a fresh, social, and relaxed international lifestyle experience to the morning dining scene, offering guests a new way to begin their …

NEW WEST ZONE SUPERMARKET LLC, the registered and exclusive owner of the trademark “WEST ZONE” in the United Arab Emirates, hereby declares that  the company has no procurement or marketing branch operating in any of the Emirates in the UAE except “ Dubai”. The public, customers, and suppliers are hereby cautioned not to deal with any entity claiming to represent or belong …

ABU DHABI/WAM The Securities and Commodities Authority (SCA) is calling on investors to collect their dividends through First Abu Dhabi Bank (FAB), the paying agent appointed to handle the process. This comes as a part of its ongoing efforts to protect the rights of shareholders in companies listed on the UAE stock exchanges and ensure they claim any outstanding entitlements …

DUBAI/WAM Capital.com, the high-growth global trading platform and fintech group, has announced it is now offering its customers access to the principal UAE stock markets – becoming one of the first major trading platforms to do so. In a move that reflects the growing interest in the region’s economy, Capital.com is providing full coverage of the Abu Dhabi Securities Exchange …

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, on Tuesday welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing the exchange’s commitment to broadening the market and offering …