According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.
Merchant banks
Breaking News
Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.
Raffeisen Zentralbank agrees to acquire loan assets from Volksbanken AG as part of the bailout plan.
Senegal to issue Eurobond, one of the very first ones from Africa.
The Royal Bank of Canada and other fund managers to open new exchange to avoid high frequency traders.
Rampant speculation on Fed Reserve actions have caused German, Italian and Spanish bonds to decline.
Bank regulators are now considering increasing the simple leverage ratio to 6%.
Banks from Switzerland are being pressured by European and United States governments to release private information.
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.
Al Baraka Bank of Bahrain to issue US$200 million sukuk bond.
A planned merger between Ebix and an affiliate of Goldman Sachs was cancelled after investigation by US regulators.
The following bids, mergers, acquisitions and disposals were reported on Tuesday
Freddie Mac announced a higher than market average value for its three month and six month bonds totalling US$3 billion.
The Moroccan institution Attijariwafa Bank is set to raise US$500 million through a foreign bond float.
