Monday , February 19 2018

Banking

ITFC, Afreximbank tie up to boost African trade

Emirates Business The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors, have signed a $100-million agreement and a EUR 50-million Murabaha agreement with the aim of facilitating ...

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Sweden won’t fight for more power over Nordea’s mega bank branch

Bloomberg Sweden’s financial regulator says giving national supervisors additional powers over bank branches — even systemically important ones like Nordea Bank AB — is bad policy. According to Martin Noreus, deputy director general of the Financial Supervisory Authority in Stockholm, national regulators risk missing the big picture. “It is sub-optimal ...

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