Banking

Muscat: Bank Dhofar said that its board has decided to discontinue its negotiations with Bank Sohar for the proposed merger. Both banks have been unable to...

Mumbai: India’s banking system is among those most vulnerable to profit declines as loan growth slows and soured debt rises, the International Monetary...

London: The Bank of England introduced its first plastic banknotes on Tuesday, with a new five pound entering circulation in England and Wales featuring...

Sydney: Australia’s largest lenders and 11 international banking peers are being sued by funds in a US lawsuit over alleged manipulation of the South...

softbank Group Corp.’s first-quarter profit rose 19 percent as proceeds from selling part of its stake in Alibaba Group Holding Ltd. helped offset losses...

London: Four former Barclays bankers were sentenced to between 33 months and six-and-a-half years in jail by a London judge on Thursday for conspiring to...

Muscat: Bank Sohar said that the bank’s board has decided to appoint Sasi Kumar, who is presently working as general manager, in the position of acting...

Muscat: Bank Dhofar and Bank Sohar have reached a swap ratio of one share of BankDhofar in exchange of 1.29 shares of Bank Sohar for merging both financial...

Doha: Borrowers and investors across the Gulf region are adjusting to a new landscape following the region’s biggest-ever bond sale. Qatar sold $9 billion...

Muscat: Headwinds from significant fiscal consolidation coupled with the repercussions of a tighter monetary policy and liquidity squeeze are two of the...