International banks Standard Chartered and Citigroup have fallen out with Abu Dhabi-based telecoms firm Etisalat over $400 million which they lent to Etisalat's now defunct Indian affiliate, according to three banking sources familiar with t
For years, the US struggled to get foreign bankers to comply with its effort to throttle Iran's economy - but a couple of billion dollars in fines, not to mention lurid headlines and talk of jail time, has suddenly got thei
Iraq's central bank placed private bank Warka Bank under guardianship to supervise it through insolvency, a senior official in the central bank said on Sunday.
Warka Bank had been in talks with Standard Chartered to sell a stake last y
Standard Chartered wants to almost double its Singapore revenue to $3 billion over the next three years as it remains bullish on the Asian growth story, its Singapore chief said in remarks published on Saturday.
The bank sees itself growin
The Gulf region could see up to 20 bond issues over the next six months, Standard Chartered's top executive for the region said on Monday, buoyed by global demand for emerging market debt.
After a slow start to the year, primary issuan
Standard Chartered Bank plans to close a $100 million private equity deal before the end fo this year, its first in the Middle East, a senior executive of the bank said on Wednesday.
"We are working on a lot of deals, our first deal in pri
Emerging markets bank Standard Chartered plans to raise as much as $11 billion through a rights issue to strengthen its finances ahead of the introduction of new global capital rules, the Financial Times reported on Wednesday.
Standard Chartered Bank has announced the launch of the first Islamic US Dollar Nostro Account in the United States. The new 'Saadiq US Dollar Nostro Accounts' will be available globally, including in the Middle East & Malaysia.