commercial banks

When the Commercial Bank of Dubai (CBD) was created by an Emiri decree in 1969, the UAE was not yet an independent nation and Dubai was still very much a small Gulf port at the very beginning of its meteoric rise to become one of the world's foremost global hubs. But, as Dubai and the UAE ...

Manama, Kingdom of Bahrain: Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, has announced the appointment of Mr. Sattam Sulaiman Al Gosaibi as CEO of the bank effective from the first of April, 2018. On this occasion, the Board of Directors of KHCB are ...

There is but one commercial bank that has publicly declared it does track the central bank rate almost point by point upwards or downwards. Why do many banks tend not to reduce your loan repayment even when the central bank rate has been going only down for some time?

The Federal Reserve on Tuesday said one of the world's biggest banks, Industrial and Commercial Bank of China, had "significant deficiencies" in risk management and compliance with U.S. anti-money laundering laws. In a cease and desist order, the Fed and ICBC agreed to a series of steps to improve ...

Public joint-stock commercial bank Primorye's (MISX:PRMB) profitability and risk are largely affected by the underlying economic growth for the region it operates in RU given it is a small-cap stock with a market capitalisation of RUРУБ3.20B. A bank's cash flow is directly impacted by economic growth as it ...

China's banking regulator has ordered shareholders that have acquired more than 5 per cent stakes in commercial banks through the use of financial products like insurance and asset management schemes to reduce their holdings within a year. The regulation, dated February 2 but made public late on ...