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banking

Sep 21

Jammal Trust Bank liquidates business

Jammal Trust Bank liquidates business

NNA - Jammal Trust Bank said in a statement issued this Thursday 'In light of the US Treasury's decision to list Jammal Trust Bank SAL on the SDGT on August 29, 2019, despite its sound financial position confirmed in the reports of oversight commissioners and its full compliance"...

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Sep 21

Visa B2B Connect Expands to 32 New Countries and Announces Integration With Infosys

Visa B2B Connect Expands to 32 New Countries and Announces Integration With Infosys

Visa Inc. (NYSE:V) today announced that its Visa B2B Connect network has doubled its reach – from 30 global trade corridors at launch in June 2019, to 62, with the goal to expand to over 100 countries in 2020. In addition, Infosys, a global leader in next-generation digital services and consulting, is integrating with the Visa B2B Connect network to bring Visa B2B Connect platform access to their participating financial institutions worldwide. Through this new connection, participating financial institutions worldwide can take advantage of the ability to quickly and securely process corporate cross-border payments globally through Visa......

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Sep 19

Lebanon Dollar Bonds Jump after Saudi Arabia Pledges Financial Support

Lebanon Dollar Bonds Jump after Saudi Arabia Pledges Financial Support

Lebanon's dollar-dominated government bonds rose on Wednesday after Saudi Arabian pledges to provide financial support for the Mediterranean country.

Saudi Finance Minister Mohammed al-Jadaan reportedly said"...

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Sep 17

Chidiac, World Bank delegation discuss digital transformation strategy file

Chidiac, World Bank delegation discuss digital transformation strategy file

NNA - Minister of State for Administrative Development Affairs, Dr May Chidiac, on Monday met in her office with a delegation from the World Bank, with talks reportedly touching on the digital transformation strategy dossier and the Ministry's executive plan.


The"...

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Sep 17

Jefferies' Clients, Employees and Shareholders Contribute $4,400,000 for Hurricane Dorian Relief Efforts in the Bahamas

Jefferies' Clients, Employees and Shareholders Contribute $4,400,000 for Hurricane Dorian Relief Efforts in the Bahamas

Jefferies announced today a total donation of $4.4 million to 16 organizations providing needed assistance to victims of Hurricane Dorian in the Bahamas. The firm's clients helped to generate $3.075 million in donations through global trading commissions on September 16th. Jefferies"...

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Sep 16

Report: More Lebanese Banks Could Be Hit by U.S. Sanctions

Report: More Lebanese Banks Could Be Hit by U.S. Sanctions

Three Lebanese financial institutions could be subject to US sanctions, shortly after a batch of sanctions hit Jammal Trust Bank for “facilitating banking activities for Hizbullah, and its three subsidiaries,” al-Joumhouria daily reported on Monday.

The"...

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Sep 16

Jefferies to Hold Global Relief Day in Support of Hurricane Relief in the Bahamas Today, September 16

Jefferies to Hold Global Relief Day in Support of Hurricane Relief in the Bahamas Today, September 16

Jefferies announced that today is the firm’s global trading day for Hurricane Dorian relief efforts in the Bahamas. Jefferies will offer investors around the world the opportunity to join efforts to assist those affected by the devastation of this event by trading with Jefferies.

"...

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Sep 15

New ABL chair talks adjustments to state budgets and his views on banking

New ABL chair talks adjustments to state budgets and his views on banking

As the banking sector is, for the umpteenth time in the last quarter century, the litmus test for Lebanon’s economic survivability and hopes of prosperity, Executive sat down with Salim Sfeir, chairman and chief executive officer of Bank of Beirut and chairman of the Association of"...

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Sep 12

$1 billion extra expected soon by the Central Bank

$1 billion extra expected soon by the Central Bank

The Central Bank (BDL) is expected to soon obtain a deposit worth nearly $1 billion through one of the local banks, banking sources told the Central News Agency (Al Markazia).

The sources said that BDL will be able to secure more funding in foreign currencies to settle $1.5"...

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Sep 12

Fintech Innovator Treezor Chooses Gemalto Cloud HSM to Help Secure Banking-as-a-service

Fintech Innovator Treezor Chooses Gemalto Cloud HSM to Help Secure Banking-as-a-service

Thales today announced that Treezor, the leading banking-as-a-service platform in France, has deployed Gemalto SafeNet Data Protection on Demand solution to provide security across its entire payment chain, from tier one banks and neo-banks to crowdfunding organizations.

As"...

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