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AFP - The withdrawal of a second nominee in a week for the Bank of Israel's top job filled newspapers with speculation on Saturday over the cause, ranging from astrology to sexual harassment. Leo Leiderman, an academic and adviser within Israel's largest bank Hapoalim, was the choice of Prime Minister Benjamin...
A BANK is demanding rent payment from two young children after their father died, leaving them without income. Ages four and nine, the children lost their father (41) in March of 2012 in a work related accident. Although the man’s will did include life insurance on his rent, BBVA officials say...
The Central Bank has agreed with banks and telecoms companies on a road map for improving mobile phone banking services in a bid to raise the value of mobile transactions in the UAE. A technical working group including representatives from the regulator, local banks, Etisalat and du has been launched to look at ways to make...
The New York Times' Bits Blogs is reporting a 6-year-old virus called Zeus that infects your computer after you have clicked on a malicious link on your Facebook page. According to Nicole Perlroth of The New York Times, Zeus is a Trojan horse served to unwary users through fake Facebook profiles...
The Swiss government is reportedly going to allow banks in the nation to share some information with U.S. authorities. U.S. officials want to determine which Americans are using offshore bank accounts to hide their money and avoid taxes. Many people use Swiss banks to store their money because the financial...
Afghanistan Central Bank on Saturday said that in two months all country's internal banks' dollar accounts will be closed by German Commerce Bank. Central bank officials said that representatives of the Commerce Bank in a joint session with a number of Afghan Central Bank officials on Saturday has claimed that...
SEOUL, South Korea — Every couple wants their wedding day to be perfect. Flowers, music, family.... giant portraits of former Bank of Korea governors. Starting in May, lucky Korean couples will be able to host their nuptials inside the Bank of Korea in an auditorium hung with the portraits...
Gold slump has wiped $560 billion from the value of central bank reserves after its price dropped 13% in the last two days. Global investors are switching to equities in a bid to generate income. Central banks own 19% of all gold mined (some 31,694.8 metric tons) and are among...
(Reuters) - The World Bank on Monday scaled back slightly its 2013 growth forecasts for developing East Asia and warned about possible over-heating in the region's larger economies that could stoke inflation and asset bubbles. The global lender, in its latest East Asia and Pacific Update, cut its gross domestic...
(Reuters) - The Bank of Japan unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows. New Governor Haruhiko Kuroda committed...
Cyprus' second largest bank has stopped customers withdrawing more than 260 euros (£221) a day from cash machines, as MPs said they needed more time to reach a deal to save the country's economy. Parliament had been due to vote on Thursday evening on a 'Plan B' to raise the...
(Reuters) - South Korean police were investigating a hacking attack on an Internet provider that brought down the servers of three broadcasters and two major banks on Wednesday, and the army raised its alert level due to concerns of North Korean involvement. The network provided by LG UPlus Corp showed...
The World Bank will fund horticulture development projects in 20 provinces at cost of $120 million over the next six years, Afghan officials announced Saturday. About 50,000 acres are expected to be converted to gardens under the project, according to the Ministry of Agriculture, Irrigation and Livestock. Officials said the...
The Central Bank of Oman’s (CBO) advisory to Omanis and expatriates not to carry Indian currency has caused consternation among the large Indian community in the Kingdom. The bank said it was issuing the directive following the discovery of fake Indian currency notes in Oman and other Gulf countries. In an...
A new move to decriminalise bounced security cheques could backfire without a federal credit bureau in place, a top banker has warned. It comes as other banks point to a rise in Emiratis missing payments on unsecured lending, which includes credit cards and personal loans, ever since a presidential decree...
Conventional banking could soon become a thing of the past with the use of the internet and mobile devices booming. They are gradually replacing usual banking cards as a means to pay a bill, Deutsche Bank warns. Following a technological revolution in payments the web services could take the final...
NAGOYA — Police stormed a bank in Aichi Prefecture and arrested a knife-wielding man who had taken five hostages to demand the resignation of Prime Minister Yoshihiko Noda's government, following a nearly 13-hour standoff. Koji Nagakubo, 32, was seized after police cut through a glass window of Toyokawa Shinkin Bank's...
ABU DHABI // There was confusion yesterday over a claim by the Emirates Identity Authority that its ID cards were now essential for all banking transactions done in person. A senior official from the Emirates Identity Authority made the claim yesterday, backing up reports in the Arabic press that...
Kabul Bank's receivership manager on Thursday said that the efforts to auction the bank's properties as soon as possible are happening both inside and outside the country, but the asset sale is challenging. Hamidullah Mohebbi said Kabul Bank currently holds eleven properties worth more than 119 million Emirati Dirhams (US$32.4...
The chief executive of Noor Islamic Bank has called on the financial services industry to develop alternative payment systems in an effort to cut down on the number of bounced cheques. Hussain Al Qemzi said this month banks should aim to stop chasing customers who bounced cheques as it was...
BERLIN // Bank Kuveyt Türk, based in Instanbul, plans to set up the first Islamic bank in Germany next year to tap into a potential market of more than four million Muslims. An official at the German branch of Kuveyt Türk, majority-owned by Kuwait Finance House, said on Monday the...
US and European activists will try to cross into the occupied West Bank through Jordan as to deliver supplies to Palestinian students, arguing that Israel cannot call itself a 'democratic country' US and European activists arrived in Jordan on Friday to try to cross into the occupied West Bank and...
Sir Mervyn King, the Bank of England governor, hinted at further action to boost the ailing UK economy on Wednesday after Threadneedle Street slashed its 2012 growth forecast to zero and said inflation was back under control. King said there was no urgent need for fresh stimulus but signalled more...
Abu Dhabi // Simon R Pinto first knew something was wrong when his wife called him from India. "What you are doing in the UAE? A man has come to our house and threatened severe consequences if you do not pay the bank," she said. A few days later, his...
  RBS is warning its 17 million customers that the backlog caused by a technical glitch could take at least another two days to clear, meaning that the computer failure will have lasted for more than a week. Customers deluged online forums with complaints yesterday, saying that they were unable to...
  OCCUPIED JERUSALEM: Scores of demonstrators clashed with police, smashed bank windows and blocked roads in Israel's commercial capital Tel Aviv overnight during a protest against the arrest of an activist. Police said they detained 85 people at the rally, the latest sign of a nationwide protest movement demanding social...
Occupied Jerusalem: Unknown attackers attempted to torch a West Bank mosque and sprayed it with Hebrew-language graffiti early on Tuesday, in an incident that bore the hallmark of extremist Jewish colonists. "In the middle of the night ... somebody entered the mosque, broke the window and threw a match causing...