Thursday 28 March 2024
 
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HSBC Oman merger halted after suit

Oman has temporarily halted a merger between HSBC's operations in the country and Oman International Bank due to a lawsuit against the British lender, a source familiar with the matter said on Thursday. HSBC, Europe's biggest bank, said i

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Oman backs merger of HSBC unit with OIB

Oman's central bank has approved the planned merger of HSBC Holdings'  operations in the sultanate with local lender Oman International Bank, the central bank said on Sunday. Both HSBC and OIB said in October last year they were in ta

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HSBC, Oman International Bank in merger talks

British bank HSBC Holdings  and Oman International Bank are in discussions for a potential merger of HSBC'S Oman operations with the Gulf lender, OIB said on Thursday, without giving any further details of how a deal could work. "Thes

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Bank Dhofar told to pay $68m in OIB lawsuit

Oman's Bank Dhofar has been ordered to pay 26.1 million rials ($67.8 million) into an enforcement court's account in a lawsuit filed by rival Oman International Bank (OIB), Bank Dhofar said on Monday. The lawsuit related to a dispute betwe

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