Banking

August 15, 2018

Central Bank governor sacks Libyan Foreign Bank director

The Governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabeer appointed his predecessor Ahmed Emnissi as the new Head of the steering committee of the Libyan Foreign Bank after sacking its board of directors and general director Mohammed Bin Yousif.

Bin"...

August 14, 2018

Turkey’s central bank launches “rescue measures” as the lira slides

Turkey’s central bank on Monday announced it was taking all necessary measures to ensure financial stability after the collapse of the lira, promising to provide “all the liquidity the banks need”.

The"...

August 7, 2018

Goldman Sachs Expects “Very, Very Tight” Oil Market

Oil demand continues to be strong and the oil market is “eating very quickly” through OPEC’s spare capacity, so we are going into a “very, very tight oil market,” Michele Della Vigna, head of energy industry research at Goldman Sachs, told the Bloomberg"...

August 5, 2018

Libya’s Central Bank: Revenue 16.70 billion dinars, expenditure 16.88 billion

The Libyan Central Bank said the country’s revenue in the first half of 2018 amounted to 16.70 billion dinars, while the expenditure reached 16.88 billion.

The Central Bank said in a statement last July"...

August 2, 2018

Libya's CBL governor and Presidential Council head review economic reforms

The Head of the Presidential Council (PC), Fayez Al-Sirraj, met Wednesday with the governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabeer in an attempt to agree on the mechanisms of carrying out necessary economic reforms.

The"...

July 28, 2018

Central Bank of Libya denies ''funneling money'' to Jadran's forces

The Central Bank of Libya (CBL) has denied the statement made by the spokesman for the self-styled army in east Libya, Ahmed Al-Mismari, that said the CBL transferred money to the previous chief of Petroleum Facilities Guard in central Libya, Ibrahim Jadran.

On"...

July 24, 2018

STATS Taps Dr. Helen Sun, Former CTO of JPMorgan Chase Commercial Banking Division, to Lead STATS’ Technology Operations

Today, STATS, the worldwide leader in sports data and intelligence, expanded its executive roster with the introduction of Dr. Helen Sun as Chief Technology Officer. Sun will oversee STATS’ product, engineering, artificial intelligence and data production teams in developing the next"...

July 19, 2018

UNSC responds positively to Libyan request for audit of spending by its Central Banks

The UN Security Council has responded ‘‘positively’’ to the letter from Faiez Serraj, the head of Libya’s Presidency Council, requesting the formation of an ‘’international technical committee’’ to review and audit the expenses, revenues"...

July 16, 2018

CBL latest financial statement shows increased oil revenues for first half of 2018

The latest financial figures released by the Tripoli-based Central Bank of Libya (CBL) for the period 1/1/2018 to 30/6/2018 reveal that Libyan oil revenues were up by LD 2.10 bn from a projected LD 13.50 bn to LD 15.60 bn. The news came in the CBL’s latest statement on Libya’s"...

July 16, 2018

Bank of America Reports Second-Quarter 2018 Financial Results

(AETOS Wire)-- Bank of America reported its second-quarter 2018 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

Bank of America newsroom at https://newsroom.bankofamerica.com