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Global banks have $155bn capital shortfallThe world's biggest banks would need to boost their capital by 115 billion euros ($155 billion) to comply with tougher rules and more than 60 per cent of that shortfall is in Europe, where lenders have been slower to strengthen. More… |
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Bahrain 'pioneers in affordable housing'Bahrain-based companies are leading the way in meeting the affordable housing challenge, and setting a leading example for all countries across the Mena region, said experts at a major housing summit held recently. As the Bahraini Governme More… |
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$273bn bank hole report misleading, says IMFIMF chief Christine Lagarde said that reports of a draft IMF document showing a $273.2 billion shortfall in European banks' capital were misleading and the lender was still finalising its study. 'There has been misreporting about t More… |
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UAE banks 'in $11bn liquidity shortfall'Banks in the United Arab Emirates are facing a liquidity shortfall of up to $11 billion and are suffering from bad debt due to unsecured lending, a Standard Chartered executive said on Tuesday. Shayne Nelson, the bank's chief executive More… |
