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Jordan's central bank said it supported Arab Bank and was confident in the its ability to defend itself against a U.S. ruling which found the country's top lender liable for financing Islamic militant group Hamas.
The U.S. civil lawsuit brought against the Jordan-based bank has been described by lawyers as the first of its kind to reach trial. Jurors found the bank"...Continue Reading >
A U.S. jury decided on Monday that a large Jordan-based bank was liable in a wave of suicide bombings in the early 2000s that left several Americans dead or wounded.
Jurors reached the verdict at a civil trial in federal court in Brooklyn.
American victims of terrorist attacks in Israel had sued Arab Bank in 2004. They accused the institution of knowingly funneling cash payments from Hamas to the families of bombers from Gaza and the West Bank.
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Arab Jordan Investment Bank (AJIB), one of Jordan's leading investment and commercial banks, acquired HSBC Bank- Jordan in January 2014, and started its banking operations in June 2014 with the new acquired branches, using the universal banking software ICS Banks, from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.
The"...Continue Reading >
CBJ Governor Ziad Fareez, who signed the deal with PMA governor, Jihad Al Wazir, said it was designed to forge closer cooperation in banking controls in line with the decisions of the Basel Committee on Banking Supervision to ensure safe and solid banking institutions.
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The president of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, met with Jordanian Prime Minister Abdullah Ensour to discuss the ties between them and means of increasing the support and cooperation of the bank in the country. EBRD started operations in Jordan in 2012 before finally opening an office there in 2013. The bank has already invested €203 million in development projects since 2012. President Chakrabarti wishes Amman will turn into a “business hub.” Jordan joined EBRD"...Continue Reading >
Prime Minister Abdullah Ensour on Tuesday met a British minister and said Jordan is interested in forging stronger ties with the United Kingdom in various fields.
Ensour briefed Secretary of State for International Development Desmond Swayne on political and socio-economic reforms that Jordan had been carrying out, stressing that the Kingdom had, notwithstanding the instability in the region, pressed ahead with the democratisation drive,"...
Moelis & Company (NYSE:MC), a leading global independent investment bank, today announced the appointment of Eric Cantor, former United States Representative for Virginia’s 7thCongressional District and former House Majority Leader, as Vice Chairman and Managing Director. Mr. Cantor will also be elected to the Moelis & Company Board of Directors.
In his new"...Continue Reading >