Mashreq Reaches out to Non-Resident Egyptians
Mashreq announces for the first time in the UAE, a tailor-made proposition for Non-Resident Egyptians The move comes in as an extension to Mashreq's presence in Egypt with 10 fully operational...
View ArticleSharjah's Shurooq Searches for Solutions
Sharjah Investment and Development Authority (Shurooq) is planning to hold a series of meetings with leading industrial companies and investors in Sharjah, to explore means and mechanisms necessary to...
View ArticleKhatif Consult Announces New Appointment
Khatif Consult the consulting arm of Khatif Holding announced today the appointment of Al Badran as the new director of its consultation services in Kuwait Badran brings along over 20 years of...
View ArticleNBAD Lands Award
John Garret, the General Manager and Chief Group Compliance Officer of the National Bank of Abu Dhabi (NBAD), was named the Compliance Officer of the Year 2012 at the ACC Achievements Awards "This...
View ArticleGulf Related to Develop New Retail, Residential Area on Al Maryah Island
Mubadala Real Estate & Infrastructure (MREI), a business unit of Mubadala Development Company (Mubadala), announced the sale of four land plots on Al Maryah Island (formerly Sowwah Island) in Abu...
View ArticleAhli Bank and KLJ Organic Qatar Sign a Financing Agreement for $100 Million
Ahli Bank QSC, Qatar Industrial Manufacturing Company ( QIMC ) and KLJ Organic Limited of India (KLJ) have signed an agreement on December 25, 2012 for financing KLJ Organic Qatar W.L.L, a new $100...
View ArticleGulf Finance Clarion Call for SMEs
The UAE's small and medium sized enterprises (SMEs) need access to more credit for 2013 Only four per cent of bank lending goes to SMEs as it stands, said Steve Willams, Group Chief Executive Officer...
View ArticlePennsylvania Bankers Give Crash Course in Biting the Bullet
Byline: Andy Peters Memo from the desk of Thomas Quinn: If you are a struggling community banker seeking a magic bullet, try somebody else. Quinn, president and chief executive of Orrstown Financial...
View ArticleIndiana Thrift Edges Closer to Mutual-to-Stock Conversion
Byline: Brian Browdie United Community Bancorp in Lawrenceburg, Ind., has completed a crucial step in its conversion to a public company from a mutual. The $504 million-asset company announced Friday...
View ArticleFirst Look: Planwise App Lets Consumers Model Their Financial Future
Byline: Rachel Witkowski Thinking about my future finances as a 20-something is like thinking about my death: I prefer not to dwell on where I'm headed or when I'm headed there. There's a problem with...
View ArticleTwo Years on, Citi's High-Tech Card Is Still in Pilot Mode
Byline: Bailey Reutzel Citigroup's 2G card, developed with technology from Dynamics, promised to revolutionize the way consumers paid with plastic.A But the product remains in pilot testing mode more...
View ArticleAmerica First Credit Union Deploys Cardlytics Rewards Program
Byline: Brian Browdie Cardlytics has won a new customer for its marketing platform. The Atlanta, Ga.-based company said Thursday that America First Credit Union in Ogden, Utah has installed the...
View ArticleFBI Relayed Information about Occupy Movement to Financial Institutions
Byline: Brian Browdie Federal officials relayed information about the Occupy movement to the financial community as part of surveillance by authorities of a series of protests against banks that took...
View ArticleBMO, Monitise Extend Mobile-Money Pact
Byline: Daniel Wolfe BMO Financial Group's Bank of Montreal is working with Monitise PLC to develop mobile money services based on Monitise's technology. The partnership, which the companies announced...
View ArticleThird Federal S&L in Cleveland Sheds Enforcement Order
Byline: Andy Peters Third Federal Savings & Loan Association of Cleveland said regulators terminated its memorandum of understanding, which had mandated an outside assessment of its management of...
View ArticleFirst Bancorp, Community Financial Complete Capital Raises
Byline: Brian Browdie First Bancorp (FBNC) in Troy, N.C. and Community Financial Shares in Glen Ellyn, Ill. have completed capital raises. The $3.3 billion-asset parent of First Bank said Friday it...
View ArticleBBVA Compass CEO Cites Foreign Advantage in Tech Projects
Byline: Maria Aspan This has been a difficult year to run a foreign-owned bank in the United States, but Manolo Sanchez has managed to find some silver linings. The head of BBVA Compass (BBVA), the...
View ArticleOCC Takes Action against Six Banks
Byline: Brian Browdie The Office of the Comptroller of the Currency has taken enforcement measures against six banks and terminated actions against a half dozen others. The moves were announced Friday...
View ArticleTax Code Structure Could Impair Louisiana Collections
Byline: Jim Watts The structure of Louisiana's tax code results in lower state revenue collections whenever federal taxes go up, the state's top economists said last week. Jim Richardson, an economics...
View ArticleRichmond Fed: Manufacturing Activity Expands
Byline: Gary Siegel Manufacturing activity in the central Atlantic region "advanced for the second straight month" in December, according to the monthly business activity survey conducted by the...
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