Search Result

Court orders Bahrain to pay damages to Iran for 'political expropriation'

Bahrain was ordered by the Permanent Court of Arbitration in The Hague to pay over 200 million euros in damages plus costs to two Iranian banks for the unlawful expropriation of their banking venture in Manama in an act of "political retribution".

Tehran Grand Bazaar, banks closed for six days to curb COVID pandemic

National Desk

Cooperation can solve banking problems with Iran: Armenian envoy

Armenian ambassador to Iran Artashes Toumanian on Tuesday said that banking sanctions have caused problems for trade relations between Iran and other countries, but the problems can be solved through cooperation.

Europe braces for pandemic reality to hit banks

By John O'Donnell

CBI governor: Domestic banks granted over $40b in loans in eight months

Domestic Economy Desk

Fed finds big US banks in solid shape; keeps dividend limits

The US Federal Reserve has said that the 33 largest US banks are in strong shape despite the pandemic’s economic shock.

Frankfurt attracts London banks

Hubertus Vaeth was considered crazy when he launched a Frankfurt initiative to lure banks there after Brexit.

Warning lights flashing for Big Tech as they did for banks

By John Flint*

Spanish banks seek mergers as outlook darkens

A wave of mergers is sweeping across the Spanish banking sector as lenders face up to a pandemic-induced recession, ultralow interest rates and growing competition from financial technology startups.

US efforts to cut Iran off from rest of world amid pandemic is cruel

As Iran surpasses half a million cases and more than 29,000 deaths as a result of the COVID-19 crisis, the US administration is adding new sanctions on a country that was already struggling to buy essential medicines.

CBI head: Tehran, Baghdad reach deal to release Iran’s financial assets

National Desk

Rouhani: New US sanctions aimed at stopping medicine, food purchases

Zarif: US committing ‘crime against humanity’

Banks, investors pivot towards Biden win after Trump tests positive for COVID

Global banks and investors said they were stepping up their preparations for a victory by Democratic presidential candidate Joe Biden after his rival Republican President Donald Trump revealed he had tested positive for COVID-19 early on Friday.

Banks moved $2 trillion amid laundering orders: ICIJ

A new investigation by the International Consortium of Investigative Journalists (ICIJ) says JPMorgan Chase & Co., Deutsche Bank AG and several global banks “kept profiting from powerful and dangerous players” in the past two decades even after the US imposed penalties on these financial institutions.

Banks urge Britain, EU to sort out financial market access

Britain and the European Union need to make progress on EU financial market access given that the coronavirus crisis will make it even harder to cope with potential disruption if there is no agreement, banking lobby AFME said on Monday.