by Asharq Al-Awsat | Jun 28, 2014 | Business
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...
by Asharq Al-Awsat | Apr 6, 2014 | Business
Dubai and Abu Dhabi, Reuters—Barclays has agreed to sell its retail banking operations in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB) for an expected price of 650 million Emirati dirhams (177 million US dollars), ADIB said on Sunday. The emirate’s...
by Asharq Al-Awsat | Dec 26, 2013 | Business
Dubai, Reuters—Compliance costs are spiralling at Middle Eastern banks due to the various misspellings of common Middle Eastern names, say global banking executives. The phenomenon is especially common in false positives—situations where a person or transaction is...
