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A Saudi man explores a website on his laptop in Riyadh, Saudi Arabia, on February 11, 2014. (Reuters/Faisal Al-Nasser)
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The logo of HSBC bank is seen at its office in the Canary Wharf business district of London in this April 1, 2013 (REUTERS/Chris Helgren/Files)
Muslim organizations criticize HSBC decision to shut their accounts
London, Asharq Al-Awsat—Following HSBC’s controversial decision to unilaterally close bank accounts belonging to a number of Muslim organizations based in the UK, those organizations have hit back, branding the move “shocking” and “Islamaphobic.” Last week, HSBC sent...Caption:
The Barclays building in Midtown Manhattan on September 16, 2013, in New York City. (John Moore/Getty Images/AFP)
Barclays enlists outside help in dark pools probe
London, Reuters—Barclays Plc said it is bringing in outside help to speed up an investigation into alleged misconduct in its “dark pool” operations, which have rekindled concerns that the cost of past problems at its investment bank will rise. More than 2...Caption:
A National Bank of Abu Dhabi branch, August 27, 2012. Compliance costs are spiralling at Middle Eastern banks due to the various misspellings of common Middle Eastern names. (Reuters/Jumana El Heloueh)