The Bank of England announced late on Friday that it planned to use its bank insolvency procedure to resolve Silicon Valley Bank UK
Banking sector
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bailout
US regulators move in to guarantee deposit access for SVB and Signature Bank
President Joe Biden’s statement, followed by the statement by the involved regulators, soothe the frayed nerves of US bank customers
Banking sector
UAE central bank discusses initiatives to enable instant payments
The move is part of the nation’s efforts to “support the transformation of the payment landscape in the UAE,” the regulator said
Banking sector
The future of money is open banking
Banks have been transforming for years, and the black swan events of the financial crisis and now the pandemic have only accelerated that transformation
Banking sector
HSBC focuses in on green finance amid Middle East expansion plan
Banking giant says MENAT region is likely to be one of the fastest growing in the world over the next decade
bank loans
Video: Why India’s financial sector is in trouble
The FT report explains what’s behind India’s banking crisis and why it could spread to the real economy.
banking and finance
Video: What would negative interest rates mean for consumers and the economy?
President Donald Trump is a big fan of low interest rates. In fact, he’s called on the US Federal Reserve to take rates into negative territory, just like Germany or Japan.
Banking sector
India’s largest commercial bank cuts interest rates
State Bank of India’s move may affect millions of Gulf-based non-resident Indians
banking
UAE’s Eibor rates hit new highs, says Central Bank
The UAE began enforcing a new Eibor system in April
Banking sector
Emirates NBD Q1 profits up 27 percent
The bank’s finances have been improved by loan growth, rate rises and lower impairment charges
Banking sector
Dubai hospital operator secures $100m financing deal
Capital raised by Emirates Healthcare Development Co will be used for expansion of Saudi German Hospital, Dubai
Banking sector
Women make up 70% of nationals in UAE banking
The rise in numbers is believed to be thanks to encouragement from the UAE’s leadership