The UAE’s banking sector is well capitalised to withstand the significant deterioration of asset quality it faces, however, the lending is expected to remain weak and some banks will require capital injections, according to a stress test conducted by Shuaa Capital, a regional investment bank. Continue Reading…
Chile’s banking sector is putting the 2009 global financial crisis and an economic recession far behind it, as the industry is seeing profit increases of more than 50% so far this year. Continue Reading…
Robust profits from two of Europe’s biggest banking groups – HSBC and BNP Paribas – helped drive up stock markets on Monday, as investors continued to correct their underweight stance on the financial sector. Continue Reading…
Lloyds Banking Group is expected to report half-year profits of £800m before tax – a remarkable turnaround after losing £6.3bn last year. Continue Reading…
The outlook for the Kuwaiti banking system remains negative, although implementation of the government’s four-year development plan could stimulate the weakened operating environment, according to Anouar Hassoune, VP-Senior Credit Officer at Moody’s. Continue Reading…
IF YOU accidentally bump into someone on a crowded street, a mumbled “Sorry” is usually all that’s needed. It’s lubricant for unavoidable social friction. Continue Reading…
Royal Bank of Scotland reported an attributable net loss of £1.8 billion for the third quarter on Friday, two days after it detailed its participation in the UK Asset Protection Scheme (APS) and announced a £25.5 billion share sale to the UK government and an EU mandated restructuring. Continue Reading…
The latest reserve bank figures show that the share of bad loans on the books of Australian banks has more than doubled in the last year and the number of Australians who can’t pay their mortgages has soared. Continue Reading…
City shareholders have threatened a revolt against the board of Lloyds Banking Group (LBG) over yesterday’s announcement of a £260bn bailout by the government. Continue Reading…
Where, oh where, did AIG’s bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published. Continue Reading…