Gulf Cooperation Council (GCC) banks are showing a strong appetite to expand their presence in major regional markets, particularly in Türkiye, Egypt and India, Fitch…
Posts tagged as “Banks”
Credit rating agency Fitch said on Wednesday that Turkish banks’ foreign financing risks have decreased amid improved access to external financing, lower risk premiums and…
The net profits of Turkish banks rose by 6.2% from a year ago to TL 659 billion ($18.38 billion) in 2024, official data showed on…
Major banks and business groups, including the American Bank Association, sued the U.S. Federal Reserve (Fed) on Tuesday, alleging that the U.S. central bank’s annual…
Hakan Ateş, the chief executive of Turkish private lender Denizbank, has stepped down after 27 years at the helm and is due to be succeeded…
U.S. on Thursday announced sanctions on Russia’s third largest bank, Gazprombank and its six foreign subsidiaries, in a move said to be intended to curtail…
Türkiye’s banking regulator, the Banking Regulation and Supervision Agency (BDDK), has granted operational licenses for three new banks, according to a communique published Saturday. According…
U.S. bank Citigroup has been fined more than 61.6 million pounds ($78.5 million) for failures in its trading systems and controls in the United Kingdom,…
Swiss banking behemoth UBS on Tuesday reported a 71% increase in first-quarter net profit, reaching nearly $1.8 billion, far surpassing expectations, after experiencing two consecutive…
The CEO of British banking giant HSBC, Noel Quinn, announced on Tuesday that he plans to step down, marking the unexpected departure of a hard-nosed…