Foreign Banks Stand to Lose From Turkey Coup Fallout

By Asli Kandemir and John O’Donnell ISTANBUL/FRANKFURT, July 19 – Foreign banks have invested heavily in Turkey, leaving them exposed to any jolt to confidence as the country purges police, military and the judiciary following a failed military coup. France and the United Kingdom have the largest credit exposure to the country, central-bank data from

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GCC: Summer Is Coming

The Gulf’s forthcoming reforms bode well for the future BY Tarek Fadlallah The contrarian case for making tactically positive trades during Gulf Cooperation Council (GCC) market weakness earlier this year has been sound. It remains on track to deliver further modest gains once Ramadan is over and the traditionally slow summer season has passed. The supportive elements

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Eleven Big Banks Test Blockchain-Based Trading System

By Jemima Kelly LONDON, Jan 20 – Eleven major banks, including Barclays, UBS and HSBC, said on Wednesday they had tested a system that could make trading much faster and cheaper, using the technology that underpins crypto-currency bitcoin. The banks are part of a consortium of 42 major lenders, brought together last year by New

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