“Dollar Movements in Egypt’s Black Market Cause Concern for Dealers”

“Dollar Movements in Egypt’s Black Market Cause Concern for Dealers”

Al-Marsad newspaper: Some dealers are following the movements of the dollar in the black market for exchange in Egypt, with a state of concern, amid news that there are no new reductions in the pound in the official market during the current period. The price of the dollar on the black market is estimated to … Read more

“National Bank of Saudi Arabia to Transfer Credit Suisse Stake to UBS Upon Merger Completion”

“National Bank of Saudi Arabia to Transfer Credit Suisse Stake to UBS Upon Merger Completion”

The National Bank of Saudi Arabia said, on Monday, that its stake in the Swiss Credit Suisse Bank amounting to 9.88% will be transferred upon completion of the merger of Credit Suisse with the Swiss bank “UBS” to a stake of 0.5% in the “UBS” bank. The Swiss bank UBS agreed last March to buy … Read more

The ruthless reality of vulture funds: Small businesses at their mercy in Ireland

The ruthless reality of vulture funds: Small businesses at their mercy in Ireland

Clonmel’s Now clothes shop was targeted by a vulture fund after the sale of Tony Kenny and Joan McEneff’s loans without their consent. The couple have been running retail fashion shops in Clonmel for more than 30 years, but ended up at the High Court after their store was illegally evicted by security personnel dispatched … Read more

Supported by the forest ecosystem, GWM starts sprints on the path of new energies

Supported by the forest ecosystem, GWM starts sprints on the path of new energies

Baoding, China (ots/PRNewswire) – Recently, more than 300 media journalists and trade representatives from over 60 countries and regions around the world visited the GWM R&D Center in Baoding, China during their participation in Auto Shanghai 2023 to learn more about GWM’s innovative achievements in Forest Ecosystem ) and intelligent new energy vehicles (NEVs). The … Read more

“Third Medium-Sized US Bank on Brink of Collapse: First Republic Bank Loses $100 Billion in Deposits”

“Third Medium-Sized US Bank on Brink of Collapse: First Republic Bank Loses 0 Billion in Deposits”

ANP NOS News•today, 21:48•Amended today, 21:56 The banking crisis in the United States does not seem to be over yet: for the third time in a month, a medium-sized bank is on the verge of collapse. It is on the New York Stock Exchange share of the First Republic Bank collapsed like a house of … Read more

First Republic Bank Faces Bank Run and Job Cuts Amidst Increasing Regulations and Market Challenges

First Republic Bank Faces Bank Run and Job Cuts Amidst Increasing Regulations and Market Challenges

New York The bank run at the First Republic Bank (FRB) from San Francisco was apparently more dramatic than initially thought. In March, customers of the institute withdrew deposits of a good 100 billion dollars, as the bank announced on Monday evening when it published its quarterly figures. Total deposits now stand at $104.5 billion … Read more

Could a Clause in Mercedes Car Loans Waive Damages for Diesel Plaintiffs? Federal Court to Decide.

Could a Clause in Mercedes Car Loans Waive Damages for Diesel Plaintiffs? Federal Court to Decide.

Thousands of diesel plaintiffs are demanding compensation from Mercedes. However, anyone who has financed their car through the Mercedes-Benz Bank could encounter a particular hurdle. Because there is a clause in the loan agreement that raises questions. Have buyers of a Mercedes diesel waived all claims for damages when they took out their car loan? … Read more

“HSBC named top pick by Morgan Stanley despite pressure from Ping An to restructure”

“HSBC named top pick by Morgan Stanley despite pressure from Ping An to restructure”

HSBC, Europe’s largest bank, is facing renewed pressure from its biggest shareholder, Ping An, a Chinese insurer, to restructure its business by spinning off its Asia business. However, despite the noise, Morgan Stanley remains bullish and is calling HSBC its “top pick” in the sector. According to the bank’s analysts, led by Nick Lord, HSBC’s … Read more