Banking

Former JPMorgan executive Bill Winters joins Standard Chartered in overhaul of its board

Standard Chartered CEO to leave in dramatic shake-up

Former JPMorgan executive Bill Winters joins Standard Chartered in overhaul of its board

London-based global banking group Standard Chartered has revealed it will undergo a dramatic shake-up of its leadership team in the coming months. This will include the appointment of Bill Winters, the former head of JP Morgan’s investment banking divis...

World Bank innocent in fraud case

The World Bank is cleared over the handling of a $1bn China loan after an external investigation found staff innocent of any wrongdoing

The independent review, commissioned by the World Bank’s president, Jim Yong Kim, questioned the way in which the loan was handled by Beijing after the bank’s treasurer, Madelyn Antoncic, raised concerns about its processing. This tangled transaction...

The banking sector in Oman is starting to play a bigger role in the Middle East’s financial services market, with foreign investment bringing more business to the expanding industry

Oman’s banking sector flourishes thanks to increased FDI

The banking sector in Oman is starting to play a bigger role in the Middle East’s financial services market, with foreign investment bringing more business to the expanding industry

The National Bank of Oman (NBO) is the second largest bank in the Sultanate of Oman. Founded in 1973, the bank plays a vital role in the economic development of the Sultanate of Oman, and offers a broad range of services focused carefully around customer ...

Bankers’ bonuses are ‘the wrong target’, says Conservative MEP leader

World Finance looks at whether bank bonus caps will have a negative effect on Europe’s economic performance

France budget cuts fall short of EU targets

France’s budget cuts for 2015 are the biggest seen under President François Hollande, but they are not enough to meet EU demands

China’s trade surplus reaches $49.8bn

The country’s trade surplus is at highest ever value following a drop in imports and increase in exports

The importance of data for risk management systems

As financial regulators demand significant enhancements to risk management practices, additional digital stress tests have to be implemented for the process to work

Banco Puente ‘very optimistic’ about Argentina’s investment opportunities

Despite its sovereign debt, Argentina is among the 20 largest economies in the world and offers not only a good platform to do business for the rest of Latin America, but has an abundance of interesting investment opportunities

BankMed inspires Lebanese growth

Having become a key player in Lebanon’s banking community, BankMed has grown across the Middle East, expanding its business ventures over a multitude of platforms

The banking sector in Oman is starting to play a bigger role in the Middle East’s financial services market, with foreign investment bringing more business to the expanding industry

Oman’s banking sector flourishes thanks to increased FDI

The banking sector in Oman is starting to play a bigger role in the Middle East’s financial services market, with foreign investment bringing more business to the expanding industry

KIB accelerates the growth of Kuwait’s banking sector

Thanks to a series of new mega projects, Kuwait’s economy is set to soar; the wave of investment bringing with it more opportunities for local banks and international firms

Mashreq’s banking expertise makes it a leader in UAE financial market

Banking is becoming an increasingly competitive sector in the UAE. Mashreq has established itself as a leading bank in the region, but insists that it will not be resting on its laurels