World
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Region
3/31/2023 5:04:36 PM
MTS Bank - a Russian bank - hit by US sanctions will be forced to cease operations in Abu Dhabi, the United Arab Emirates central bank said Friday.
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Business
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Economy
3/31/2023 12:09:59 AM
The National Bank of Egypt (NBE) has denied reports that it or any other banks operating in Egypt have issued a new savings certificate with a high return of up to 25%-30% in return for giving up foreign currency.
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Business
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Economy
3/30/2023 11:24:48 PM
US President Joe Biden called on banking regulators Thursday to reinstate tougher rules on midsized banks, saying that doing so would prevent future failures like that of Silicon Valley Bank.
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Business
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Markets & Companies
3/30/2023 11:37:44 AM
Asian and European markets mostly rose Thursday following a recent run-up, with banking sector worries easing and traders weighing central banks' interest rate plans in the wake of the recent turmoil.
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World
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International
3/28/2023 3:30:34 PM
French authorities raided five banks on Tuesday as part of an investigation into suspected cases of massive tax fraud and money laundering, prosecutors said.
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Business
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Markets & Companies
3/27/2023 3:31:21 PM
U.S. futures shot higher early Monday, with bank stocks mostly gaining after the Federal Deposit Insurance Corp. said it had agreed to the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens Bank & Trust Co.
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Business
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Economy
3/24/2023 4:51:09 PM
Shares in Deutsche Bank fell sharply Friday, dragging down major European banks and leading German Chancellor Olaf Scholz to express confidence in the solidity of the country’s largest lender as fears about the global financial system sent fresh shudders through the markets.
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Al-Ahram Weekly
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Opinion
3/23/2023 11:20:13 PM
News of problems at three major banks in the US and Europe has brought back worried memories of the 2008 global financial crisis.
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Business
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Economy
3/22/2023 10:28:38 AM
American banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets.
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World
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Region
3/20/2023 11:03:46 PM
A top Iranian official said Iran and Iraq have agreed on new mechanisms, enabling the former to use its frozen oil and electricity exports money in the latter's banks, official news agency IRNA reported on Monday.
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Business
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Economy
3/20/2023 1:18:49 PM
The Central Bank of Egypt (CBE) has announced the banks’ working hours during the holy month of Ramadan, which is expected to start on Thursday.
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Business
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Economy
3/14/2023 6:50:12 PM
Stocks are leaping on Wall Street as some of the most breathtaking moves from a manic Monday reverse course
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Business
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Markets & Companies
3/14/2023 12:57:06 PM
Asian markets sank Tuesday, with banks bearing the brunt of the selling on fears of contagion in the sector after the collapse of two regional US lenders.
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World
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Region
3/14/2023 11:17:07 AM
The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, foreign exchange dealers said, as banks in the crisis-hit country resumed an open-ended strike.
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Business
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Markets & Companies
3/13/2023 7:31:18 PM
wo large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe.
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Business
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Markets & Companies
3/11/2023 4:08:26 PM
Regulators rushed Friday to seize the assets of one of Silicon Valley's top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago.
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World
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War in Ukraine
2/24/2023 4:47:00 PM
The U.S. announced a new round of sanctions on Russian firms, banks, manufacturers and people Friday, aiming them at entities that helped Russia evade sanctions earlier in the year-old war against Ukraine.
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Al-Ahram Weekly
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World
2/21/2023 9:59:39 PM
Ordinary people in Lebanon have been storming the country’s banks in a bid to gain access to their savings to pay for basic daily needs, writes Mohamed Qazaz
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Egypt
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Foreign Affairs
2/15/2023 11:38:17 PM
The Tahya Masr Fund has designated a bank account at all state-owned banks to receive donations from inside and outside Egypt to send basic goods and pharmaceutical supplies to the victims of the earthquake that ravaged Syria.
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World
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Region
2/7/2023 3:38:51 PM
Lebanon's battered commercial banks on Tuesday closed their doors to customers in protest of a recent court ruling that forced one of the country's largest banks to pay out two of its depositors their trapped savings in cash.
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