Banking
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Insurance giant LIC opens IPO sale for investors
Institutional investors flocked to buy shares in India’s state-run insurance giant Life Insurance Corporation (LIC) in a $2.75 billion (£2.18…
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Citigroup in ‘Active Dialog’ about selling its Russian retail operations
Citigroup Inc.’s consumer and commercial banking operations in Russia are in “active dialogue” with possible buyers, according to Chief Executive…
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First Abu Dhabi Bank records highest ever profit in the first quarter of 2022
First Abu Dhabi Bank (FAB), the UAE’s largest lender by assets, recorded a net profit of $1.38 billion (AED 5.1…
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ADB considers sanctioning a loan to an unnamed Maldivian Bank
The Asian Development Bank (ADB) is considering lending a loan to a Maldivian bank, according to Ashok Lavasa, Vice-President for…
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BNP Paribas launches €900 million share buyback program
The French international banking group BNP Paribas launches €900 million share buyback program on the strength of its confirmed growth…
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Deutsche Bank acquires payment service provider Better Payment
The German multinational investment bank, Deutsche Bank has announced that it is acquiring payment service provider Better Payment Germany GmbH,…
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National Bank of Fujairah launches NBFX electronic trading platform
National Bank of Fujairah (NBF) the co-operative bank has announced that it has launched its electronic trading platform – NBFX.…
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SoftBank Group commits $3 Billion to Launch Latin America Fund II
The Japanese conglomerate SoftBank Group commits $3 Billion to Launch SoftBank Latin America Fund II which will bring a total…
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Mastercard acquires CipherTrace to strengthen crypto capabilities
The global payments & technology company Mastercard acquires CipherTrace to enhance crypto capabilities. As digital assets, including cryptocurrencies and non-fungible…
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