Banque Misr, Egypt’s second largest bank, is studying new sharia-compliant credit facilities worth up to 14.2 billion …
lending
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BLOM Bank Egypt, the Egyptian arm of Lebanon’s lender BLOM, has recently launched its asset management unit, …
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Banks
China’s new banking regulator pledges tightening supervision, curbing risks
by Yomna Yasserby Yomna YasserChina’s newly appointed banking regulator vowed Thursday to tighten supervision of the lending sector, underscoring Beijing’s determination …
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Financial Institutions
Bank of America sets new cost target under pressure from low rates
by Noha Gadby Noha GadBank of America Corp (BAC.N) reported a 19 percent drop in second-quarter profit on Monday and set …
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Bank of America (BAC.N) is making a big push into auto lending just as regulators are sending …
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Banks
India central bank keeps rates on hold, sees room for more ‘accommodation’
by Noha Gadby Noha GadIndia’s central bank kept its key repo lending rate unchanged at 6.75 percent on Tuesday, as widely …
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The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a …
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Lending to euro zone households and firms accelerated slightly in July while a broader measure of money …
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The Bank of England made no changes to monetary policy at its meeting on Monday, as expected, …
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Egypt’s Central Bank (CBE) plans to hold its first monetary policy meeting for 2015 to discuss key …