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Iran's bad debt push reveals problem, and silver liningA move by Iran to recover bad debts on behalf of banks has shed light on possible corrupt lending under the previous president and also suggests a fresh spirit of cooperation among its various centres of power. A reported big incr More… |
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StanChart profit tops $5bn, bad debt up on MideastStandard Chartered met expectations with a 13 percent jump in 2009 profit, as strong investment banking growth in its core Asian markets offset a jump in bad debts in the Middle East. The bank said it would give bonuses to management, unli More… |
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Arab Bank profit hit by provisionsNet profit at Jordan's Arab Bank fell 31.4 percent in 2009, it reported on Tuesday, after bad debts ballooned in the wake of the global financial crisis. Jordan's largest lender said its net profit last year fell to $575.5 million as it se More… |
