Staff-less branches is the future, according to Mashreq Bank CEO. In a move its CEO says would be a way of the future, Mashreq Bank had planned to open its first fully electronic branch without any staff by January.
Country
Buffett cash pile of USD40 billion not being invested fast, say expert
Warren Buffett wants more liquidity in assets to have cash when there is fear in the market. Experts said that financial investor Warren Buffett is not investing his cash pile fast enough, according to a report by Bloomberg.
Energy Future will pay creditors USD270 million in coupons to avoid bankruptcy
Energy Future Holdings Corp planned to pay its junior bondholders in coupons to stave off bankruptcy.
Solar industry posted gains after years in the dark
The solar industry has gained ground in stock exchanges for two consecutive years, outpacing tech companies.
The Basel group drafts new bank trading-book rules
The Basel Committee on Banking Supervision overhauled its current bank-trading book rules for banks.
Latest News
FullSlate, an online scheduling service provider, was acquired by American software company Intuit for an undisclosed sum.
A recent quarterly report released by Air France-KLM showed that the Franco-Dutch airline had written off the value of its 25% ownership stake in Italian carrier Alitalia.
Food packaging company Crown Holdings Inc acquired Spanish food-can maker Mivisa Envases for EUR1.20 billion or USD1.65 billion.
Founders James Russell DeLeon and Ruth Parasol DeLeon would be exiting from bwin.party digital Entertainment should their online gaming license application would be approved.
Global stocks went down slightly after the US Federal Reserve provided a dim US economy Global stocks took a small hit on Thursday after the US Federal Reserve wagered an outlook of the state of the U.
The Euros consistent climbed has encouraged currency repatriation in Europe. The Euro gained traction and reached a two-year high against the US dollar this month, according to a report by Bloomberg.
Banking regulator banking asked the European Central bank for details on what qualifies as debt. Bafin, Germany's banking regulator, wants the European Central Bank (ECB) to provide more information about the type of debts lenders would qualify for, according to a report by Bloomberg.
Significant drops in stocks took place in Asia after the U.S. Federal Reserve Board pared economic stimulus.
Investment banks Citigroup Inc. and JPMorgan Chase & Co. put their top London currency dealers after regulatory probe.
