Global Banking News-August 22, 2017--Merger agreement between Malaysia's RHB and AmBank could be delayed (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 22 August 2017 A firm merger announcement between Malaysia-based AmBank Group and RHB Group could be delayed. The two ... (Publication: Global Banking News (GBN))
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Merger Agreement between Malaysia's RHB and AmBank Could Be Delayed
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Bank of Palestine Announces a Net Profit of $24.72 Million for the First Half of 2017
Total assets up by 13.06 per cent at $4.65 billion compared with $4.11 billion at year end of 2016. Bank of Palestine (BOP), announced its half year 2017 preliminary financial results reporting a gross income of $108.34 million in H1 2017, compared with $82.49 million for the same period in 2016, ... (Publication: CPI Financial)
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AfDB Bars Chongqing Bank
Global Banking News-August 22, 2017--AfDB bars Chongqing Bank (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 22 August 2017 The African Development Bank Group (AfDB) has announced that it has debarred Chongqing International Construction Corporation (CICO) for a minimum ... (Publication: Global Banking News (GBN))
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FVCbank Names Board Member
Global Banking News-August 22, 2017--FVCbank names board member (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 22 August 2017 Virginia-based FVCbank has said that it has named a new member to its board. The firm has appointed Patricia A Ferrick to the board. Ferrick was ... (Publication: Global Banking News (GBN))
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Big Miners Lead Gains for Stocks
Byline: Angus Peniston-Bird Aug 22, 2017 (The Australian - ABIX via COMTEX) -- The Australian sharemarket posted modest gains on 22 August 2017, with the S&P/ASX 200 adding 0.4 per cent to close at 5,750.1 points. BHP Billiton was up 1.1 per cent at $A25.98, Fortescue Metals Group rose 1.4 per cent ... (Publication: Australasian Business Intelligence)
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BHP Pledges Dividend Windfall
Byline: Matt Chambers Aug 22, 2017 (The Australian - ABIX via COMTEX) -- BHP Billiton has posted a 2016-17 net profit of $US5.89bn, compared with a loss of $US6.34bn previously, while its underlying profit rose from $US1.215bn to $US6.732bn. The resources group reduced its net debt by $US9.8bn ... (Publication: Australasian Business Intelligence)
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HSBC and RBS Cut IT Contractors
Global Banking News-August 22, 2017--HSBC and RBS cut IT contractors (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 22 August 2017 HSBC Holdings (LSE: HSBA) and RBS (LSE: RBS) are cutting the IT contractors that they employ. HSBC Holdings has cut many IT contractors from ... (Publication: Global Banking News (GBN))
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APRA Can't Be Enforcer and Supervisor, NAB Says
Byline: James Eyers Aug 22, 2017 (The Australian Financial Review - ABIX via COMTEX) -- Banks have raised concerns about the proposed Banking Executive Accountability Regime (BEAR) in submissions to the Federal Government. The role of the Australian Prudential Regulation Authority under the new ... (Publication: Australasian Business Intelligence)
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Investors on the Sidelines Ahead of Jackson Hole Summit
FXTM's Chief Market Strategist, Hussein Sayed, comments on the US equity markets and potential outcomes from the Jackson Hole Economic Policy Symposium. US equity markets kicked off the week on a positive note, ending a two-day fall which sent the S&P 500 to its lowest levels since 11 July-total ... (Publication: CPI Financial)
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Citi Hires Head for Strategic Shareholder Advisory
Global Banking News-August 22, 2017--Citi hires head for Strategic Shareholder Advisory (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 22 August 2017 Citigroup (NYSE: C) has said that it has appointed Muir Paterson to the firm's Corporate and Investment Banking division. ... (Publication: Global Banking News (GBN))
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DAFZA Issues Guide on Dubai: The Global Gateway to Halal Industries
The Dubai Airport Freezone Authority (DAFZA) has issued a comprehensive Halal industries guide to contribute to Dubai's vision of becoming the capital of the Islamic economy for 2017-2021. The guide titled Dubai: The Global Gateway to Halal Industries describes Halal products in different sectors, ... (Publication: CPI Financial)
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UAE President Issues Excise Tax Decree-Law Targeting Select 'Harmful' Products
HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, has issued Federal Decree-Law No. 7 of 2017 on Excise Tax, which will be imposed on select products, determined by the Council of Ministers and suggested by the Minister of Finance. As per the Law, the Excise tax rates that shall be ... (Publication: CPI Financial)
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BMO Extends Allpoint Access to Private Banking Clients
Global Banking News-August 24, 2017--BMO extends Allpoint access to private banking clients (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 24 August 2017 BMO Private Banking has said that it is offering its high net worth Canadian clients free access to more than 40,000 ... (Publication: Global Banking News (GBN))
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Bank of America Launches Intelligent Solution for Account Receivables
Global Banking News-August 24, 2017--Bank of America launches intelligent solution for Account Receivables (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 24 August 2017 Corporate entities dealing in large amount of payments can now use a AI-powered solution from Bank of ... (Publication: Global Banking News (GBN))
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Libra Internet Bank Increases Market Share
Global Banking News-August 24, 2017--Libra Internet Bank increases market share (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 24 August 2017 Romania-based Libra Internet Bank has said that it has increased its share in the local banking system. The bank said that it has ... (Publication: Global Banking News (GBN))
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Sarb Official Says Current Deposit Insurance Scheme Is Risky
Global Banking News-August 24, 2017--Sarb official says current deposit insurance scheme is risky (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 24 August 2017 A deputy governor of the South African Reserve Bank has welcomed a new external deposit insurance scheme and has ... (Publication: Global Banking News (GBN))
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Chinese Direct Bank Gets Official Approval
Global Banking News-August 24, 2017--Chinese direct bank gets official approval (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 24 August 2017 (c)2005 - Electronic News Publishing - httpwww.enpublishing.co.uk China's banking regulator has approved the commencement of ... (Publication: Global Banking News (GBN))
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DHFL Pramerica to Work with Dhanlaxmi Bank for Bancassurance
Global Banking News-August 24, 2017--DHFL Pramerica to work with Dhanlaxmi Bank for bancassurance (C)2017 ENPublishing - httpwww.enpublishing.co.uk Global Banking News - 24 August 2017 India-based DHFL Pramerica Life Insurance Company (DPLI) has said that it has signed a bancassurance tie-up with ... (Publication: Global Banking News (GBN))
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Wisconsin Leaders Are Still Working on Foxconn Subsidies
Byline: Yvette Shields CHICAGO -- Wisconsin's budget writing committee is aiming to wrap up work on an overdue state budget and a $3 billion incentive package for a proposed Foxconn Technology Group plant in the coming weeks that would allow for votes on both in mid-September. Joint Finance ... (Publication: The Bond Buyer)
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NABL Urges Creation of New PABs, Direct-Pay Bonds to Finance Infrastructure
Byline: Brian Tumulty WASHINGTON -- The National Association of Bond Lawyers has recommended the creation of new categories of tax-exempt private activity bonds and taxable, direct-pay bonds to help finance bridges, tunnels, roads, water facilities, schools and other infrastructure projects. The ... (Publication: The Bond Buyer)
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