Private Banks Launch Own 'Bad Bank'

Germany's top private banking association has created its own national bank to help rescue or wind down ailing financial firms, Handelsblatt has learned.


Alpha Bank Looking To Cut Staff by 20%

Alpha Bank, which operates in Cyprus since 1998, currently employs 900 people with the retirement scheme plan looking to slash that figure down to around 170 workers.


Instalment lender MYJAR receives FCA authorisation

Authorisation by the FCA means that MYJAR, which provides loans online at www.myjar.com, has been shown to meet the required criteria, which includes treating customers fairly and lending responsibly.


French bank set to enter Kingdom

BRED was part of a $50 million syndicated loan to Acleda announced yesterday by the International Finance Corporation to be used to boost lending to small and medium enterprises, especially women-owned businesses