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British bank IBB to become Al RayanIslamic Bank of Britain (IBB), the UK’s only wholly Sharia compliant retail bank, has announced plans to change its name to Al Rayan Bank. Subject to formal shareholder approval, the change will be completed in December, sai More… |
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Barclays ducks Qatar funding questionsBarclays bosses ducked questions on Tuesday over funding for its rescue by Qatar four years ago, as another big charge for mis-selling showed how past problems continue to dog the British bank. More… |
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StanChart to pay $327m to resolve US caseBritish bank Standard Chartered will pay $327 million to resolve allegations that it violated US sanctions and other laws, the Federal Reserve said on Monday. The bank will pay $100 million to resolve allegations by the US Federal More… |
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Barclays sees ME driving investment bankThe Middle East will be an important growth area in coming years for investment banks, including Barclays, as local wealth funds put their oil dollars to work buying European assets, a senior executive at the British bank said. 'If More… |
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Qatar inks $250m Barclays investment dealQatar has signed a deal to co-invest $250 million with Barclays' natural resources private equity investment unit, underlining the state's desire to plough some of its commodity wealth back into the sector. The investmen More… |
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Qatar nears Barclays asset management dealThe Qatar Financial Centre Authority is set to announce an asset management transaction with British bank Barclays, sources familiar with the matter said on Monday. The deal is likely to be unveiled at a news conference called later in the More… |
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Lloyds in talks to offload UAE businessStruggling British lender Lloyds Banking Group is in talks to dispose of its operations in the UAE, with Abu Dhabi Commercial Bank emerging as the frontrunner to pick up the business, sources told Reuters on Monday. The bank, which is 40 p More… |
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New bank may join Northern Rock bidNew British bank venture NBNK is interested in joining the bidding for state-owned lender Northern Rock, sources said. The move raises the possibility that NBNK could combine Northern Rock with around 630 Lloyds bank branches it is also ey More… |
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British banks face tough regulationsBritain's banks face some of the world's toughest regulations under reforms outlined on Monday that require them to insulate their retail lending activities and store up billions in extra capital. Finance minister George Osborne sa More… |
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Lloyds takes $5.3bn hit for insurance mis-sellingBritish bank Lloyds took a shock 3.2 billion-pound ($5.3 billion) charge on Thursday to compensate consumers for mis-selling debt repayment insurance policies and also suffered another hit from Ireland's woes. Lloyds, Europe's sixth bigges More… |
