Banking

Amid controversy, Eastman faces account closure along with financial fallout

Former Trump attorney John Eastman faces unexpected account closures by Bank of America and USAA, sparking debate on political bias…

2 years ago

Mounting Costs and Charge-offs Influences Bank of America’s Q1 Revenue Margin

Bank of America reported an 18% decline in Q1 profits due to rising expenses and the impact of higher interest…

2 years ago

Fostering Economic Progress: Morocco’s Investments in Africa Encourage Regional Integration

Institutions like OCP AFRICA and Bank of Africa exemplify Morocco's commitment to agricultural development and financial inclusion across the continent.…

2 years ago

Royal Bank of Canada’s CFO Dismissal Sparks Controversy

The dismissal of Royal Bank of Canada's Chief Financial Officer, Nadine Ahn, over an undisclosed relationship with another employee has…

2 years ago

Shareholders of Bank Muscat Approve the EMTN Program and Cash Dividend

With the approval of critical initiatives such as the EMTN Programme and a generous cash dividend, the Bank Muscat demonstrates…

2 years ago

Rising Global Risks Threaten UK Financial Stability

The Financial Policy Committee (FPC) emphasizes the need for proactive measures to mitigate risks and safeguard the nation's financial well-being.

2 years ago

Effortless Banking: Attijariwafa Bank Offers Google Pay for Improved Digital Transactions

his strategic move underscores the bank's commitment to staying at the forefront of technological advancements and meeting the evolving needs…

2 years ago

Galfar Engineering & Contracting Company Sustains Growth Momentum Amidst New Contract Awards

Galfar Engineering & Contracting Company, Oman's leading construction firm, has experienced a notable increase in its order book, reaching RO579mn…

2 years ago

Bank of England’s Interest Rate Resolution: An Peek into Monetary Policy Direction

The Bank of England (BoE) faces a critical juncture in shaping monetary policy. Chief Economist Huw Pill's cautious remarks reflect…

2 years ago

Challenges Mount for the Bank of England:Questions Arise Over the Reliability of Economic Forecasts

As the Bank of England’s forecasting models are reviewed by former Federal Reserve Chair Ben Bernanke. Critics argue that "inflated"…

2 years ago