The Swiss franc rose against the euro on Thursday after Switzerland's central bank kept interest rates on hold at record lows, defying some expectations that it might act to weaken an overvalued currency. The Swiss National Bank kept its target range for
Gulf banks are rushing to raise money via the loan market by the end of the year in a flurry of activity attributed to a liquidity squeeze caused by lower oil prices, banking sources aware of the matter said on November 23. At least nine institutions, inc
Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the "deal of the century." Barclays arrange
The government of Oman has invited banks to participate in a $1 billion sovereign loan, two sources aware of the matter said on Sunday, as the Gulf country seeks funds at a time of stretched state finances due to lower oil prices.
British authorities charged 10 bankers Friday with manipulating the Euro Interbank Offered Rate, the first to be charged with rigging Euribor. The Serious Fraud Office issued proceedings against six bankers from Germany's biggest lender Deutsche Bank and