Halkbank Says it Will Seek Dismissal of US Indictment, Judge's Recusal

A lawyer for Turkey’s state-owned Halkbank, which has been criminally charged by US prosecutors with helping Iran evade sanctions, said in a letter on Monday that it would seek to dismiss the case and have the judge assigned to it recuse himself. In a letter to US District Judge Richard Berma

Lebanese banks to resume normal work on Friday

 Lebanese banks will resume normal operations and receive customers on Friday, the banking association said, ending a two-week-long closure caused by massive protests against the country’s ruling politicians. “Thursday will be dedicated to internal work to complete (a backlog) of o

JP Morgan sees long-term growth in Middle East business after record year

JP Morgan, the biggest US lender by assets, is undeterred by a slowdown in Middle East economies and sees long-term growth for its business in the region, as sovereigns and corporates continue to issue debt, attract investment and drive mergers and acquisitions deals. The lender, which has the bigg

‘Better now than later’: PayPal quits Facebook’s Libra as Europe puts future of project in question

US-based PayPal Holdings Inc. has said it’s ditching Facebook’s project to create the Libra cryptocurrency. However, the Libra Association says it is better to know who’s not fully committed to its cause.“PayPal has made the decision to forgo further participation in the Libr