Commercial Bank of Dubai becomes the first bank in ME to launch an NFT collection
Commercial Bank of Dubai, one of the leading banks in the UAE, is hosting an NFT art exhibition at its Digital Lab in DIFC. The exhibition is presented in partnership with Amrita Sethi, a leading NFT artist from the UAE. CBD’s NFT art exhibition shares the story of how CBD has evolved with the UAE
BoE fines Metro Bank US $ 7 M
The Bank of England has fined Metro Bank 5.38 million pounds ($7.13 million) for failures in its regulatory reporting after the lender revealed an accounting blunder in 2019. Metro Bank said in January 2019 it had corrected risk weightings of some of its commercial loan portfolios, wiping hundreds o
BNP Paribas to sell Bank of the West to Canada’s BMO
BNP Paribas said Monday it will sell U.S. unit Bank of the West to Canada’s BMO Financial Group for $16.3 billion in a deal that will give France’s biggest bank a huge step up in firepower for deals and buybacks. BNP Paribas has been struggling to keep up with larger rivals in the U
Standard Chartered fined US $ 61.5 M
The Bank of England said on Monday it was fining Standard Chartered 46.55 million pounds ($61.51 million) for misreporting its liquidity position to the regulator and for failings in its controls. The Prudential Regulation Authority said the fine related to when the regulator was concerned from lat
Bank of England Raises Interest Rate to 0.25%
The Bank of England raised its main interest rate to 0.25% on Thursday as inflation pressures mounted in Britain.Most economists polled by Reuters had expected the BoE to keep Bank Rate at 0.1% due to a new surge in coronavirus cases.
CBD the First to Establish a Digital Lab at the DIFC Innovation Hub
Commercial Bank of Dubai, one of the leading banks in the UAE, announced the opening of its Digital Lab at the Dubai International Financial Centre (DIFC) Innovation Hub, the region’s largest innovation ecosystem. The CBD Digital Lab was inaugurated by CBD Chairman, H.E. Humaid Alqutami, CBD Vice
Bank Muscat wins Bank of the Year award from The Banker
Bank Muscat, the leading financial services provider in the Sultanate of Oman, has won the Bank of the Year (Oman) award from The Banker. The award was presented to the bank after a thorough evaluation by the judges based on a number of different criteria including the product mix, financial perform
Special Edition Visa Cards by QNB to celebrate the FIFA World Cup 2022™
QNB, the largest financial institution in the Middle East and Africa, and the Official Middle East and Africa Supporter of the FIFA World Cup 2022™ has launched the exclusive special edition Visa prepaid card with a unique design to celebrate the upcoming FIFA World Cup 2022™. The QN
Bank Muscat wins Best Private Bank in Oman Award from The Banker
In recognition of its unique Private Banking services supported by its strong customer-centric vision, Bank Muscat has once again won the prestigious “Best Private Bank in Oman” award from Professional Wealth Management and The Banker in 2021. This year’s award is a tribute to the exceptional
CBD Wins “Employee Engagement Champion” Award by LinkedIn Talent Awards MENA
Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, was crowned “Employee Engagement Champion” by LinkedIn Talent Awards MENA. The award was received by Dr. Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai at a ceremony held recently at CBD’s Head