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Deutsche Bank to co-operate with Libor probe

Berlin (AFP) – Deutsche Bank wants to cooperate with European investigators probing the manipulation of interbank interest rates to limit damage to its reputation and bottom line, a newspaper said Sunday. Germany’s biggest bank has asked the European Commission and Swiss authorities to give it the status of cooperating witness in their investigation of the …

Daily News Egypt

NBE achieved EGP 15.1bn-worth of growth during the fiscal year that ended in June 2012, bringing the bank's total financial value to EGP 321.5bn, compared to EGP 306.4bn the previous year (Photo Public Domain)

National Bank of Egypt leads in transaction banking

By Ayat El-Battawy Transaction banking is the backbone of the banking industry. It facilities all operations pertaining to withdrawals, deposits, lending, bank organisation, and oversight. It allows a bank to develop a clear vision as to the financial products it offers and organises, and is the basis of money transfers and online banking services. From …

Daily News Egypt

Moody’s downgrade gives edge to safe-haven banks

(Reuters) – Major ratings downgrades by Moody’s will further divide the world’s biggest banks based on their strength and access to cheap customer deposits. The ratings, released Thursday by Moody’s Investors Service, gave a competitive advantage to “safe-haven” banks that fund themselves with stable, low-cost customer deposits, while worsening the outlook for weaker banks that …

Daily News Egypt

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