BANKING
June 20, 2018
(AETOS Wire) -- As part of its transformation strategy, Deutsche Bank has selected SmartStream Technologies’ Centre of Excellence (CoE) to provide an off-site operations platform - including three services which will allow the bank to streamline, simplify and reduce the costs of its reconciliations environment. With the growth in volume of reconciliations, the processing of large quantities of data has become complex. Many financial institutions are exploring utilities to ensure accuracy and cost savings. With the addition of the......
June 13, 2018
Parallel CBL Governor: Benghazi central bank’s money damaged by sewage
The Governor of the parallel Central Bank of Libya (CBL) in Al-Bayda Ali Al-Hibri, said the money which was placed at the Benghazi central bank during war in the city was damaged by sewage that broke into the bank’s building.
Talking"...
Read More >>June 11, 2018
Libya to impose fees on foreign currency transactions
Economy officials in the Libyan capital, Tripoli, have agreed to a three-track reform process including a proposal to impose fees on foreign currency transactions, the central bank said on Saturday.
The central"...
Read More >>June 10, 2018
Central Bank of Libya imposes fees on selling foreign currency
The Central Bank of Libya (CBL) agreed in a meeting Saturday to charge fees on foreign currency transactions in the country in an attempt to narrow the gap between the official rates of foreign currency and those on black market.
The"...
Read More >>June 6, 2018
French bank SocGen agrees with US to pay $1 billion in penalties over bribery, manipulation
In a statement issued by the US Department of Justice on Monday, French bank Societe Generale (SocGen) and one of its subsidiaries agreed to pay the penalties to settle the cases. It is also to plead guilty in a New York court on Tuesday in connection with the resolution of the Libyan bribery"...
Read More >>June 6, 2018
Major French Bank to Pay $1Bln in US Suit Over Bribing Libyan Officials, Fraud
The US Department of Justice has been prosecuting foreign firms accused of bribery outside of the US for some while, but this is the first time a resolution has been reached jointly by US and French authorities.
US"...
Read More >>June 6, 2018
Key economic reforms announced by Libya’s central bank and Presidential Council
The Governor of the Central Bank of Libya (CB) in Tripoli Al-Sidiq Al-Kabir said that officials in the Government of National Accord’s Presidential Council had reached agreement on enacting key economic reforms, including to fuel subsidies and the exchange rates, by the end of July"...
Read More >>June 5, 2018
SocGen reaches agreements on Libor, Libya
Societe Generale SA France (GLE.FR) said Monday that it reached agreements in principle with U.S. and French authorities regarding its alleged manipulation of Libor rates and transactions involving Libyan counterparts.
The"...
Read More >>June 4, 2018
Moody’s Analytics Helps Lenders Make Smarter, Faster Decisions with Enhanced CreditLens™ Solution
(AETOS Wire) -- Moody’s Analytics, a global provider of financial intelligence, has enhanced its CreditLens™ platform with a release of functionality that provides easy access to financial data on banks around the globe, and new covenant and enhanced collateral monitoring capabilities. The CreditLens software supports our clients’ automation and digitization initiatives to enhance their lending decisions and growth objectives. Among the new capabilities is the integration of data from Bureau van Dijk, acquired last year......
May 29, 2018
Libya Central Bank: Letters of credit, families’ dollar allocations excluded from spending cuts
The Central Bank of Libya (CBL) has excluded families’ dollar allocations and letters of credit from the decision of cutting 2018 spending. The CBL said in a statement that the bank bonds are also excluded, in addition to salaries and subsidies. On Thursday, the CBL called for probing the accusations of corruption included in the Audit Bureau’s 2017 report. The CBL said in its Thursday statement that it will allow spending for emergency matters and issues related to taking away people’s suffering. Meanwhile, the Ministry......
