Archive for the ‘Banking’ Category

Iraqi Banking System Needs Overhaul

BAGHDAD: Decades of dictatorship, war, international sanctions, and isolation from the outside world have left Iraq’s banking sector in such a poor state that people do not believe such things as cash machines or a “smart card” exist, a senior banking official says.
Rafidain Bank Director Abdul-Hussayn al-Yasiri told RFE/RL’s Radio Free Iraq that if the [...]

January 13, 2009 Banking 0 Comments

Europe puts more on the line for banks than US

Europe puts $2.3 trillion, far more than US, on the line for banks and stocks soar
PARIS (AP) — Europe put $2.3 trillion on the line Monday to protect the continent’s banks, a figure that dwarfs the Bush administration’s $700 billion rescue program, in its most unified response yet to the global financial crisis after a [...]

October 13, 2008 Banking, Business News 0 Comments