Banking

October 23, 2014

1

International network tricks Algeria Bank, pulls unbelievable sums

Examining judge at the second chamber of Bir Mourad Rais court in Algiers, is investigating on a case of fraud and violation of legislation for exchange and capitals movement, in which Algerian importers are implicated, and transit agencies were the victim because of counterfeiting and imitating their seals to pass a number of importation files at the level of banks, Echorouk reliable sources said.


"Examining judge listened, as"...

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October 20, 2014

2

Bank of America Reports Third-quarter 2014 Net Income of $168 Million on Revenue of $21.4 Billion(A); Loss of $0.01 per Share After Preferred Dividends

Results Include DoJ Settlement Costs of $5.3 Billion (Pretax) or $0.43 per Share (After Tax)

Continued Business Momentum

  • Four of Five Businesses Report Higher Net Income Compared to Year-ago Quarter
  • Originated $14.9 Billion in Residential Home Loans and Home Equity Loans in Q3-14, Helping More Than 43,500 Homeowners Purchase a Home or Refinance a Mortgage
  • More Than 1.2 Million New Credit Cards Issued in Q3-14, With 64 Percent"...

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October 12, 2014

3

QNB Group Financial Results for the Nine Months Ended 30 September 2014

QNB Group, one of the World’s Strongest Banks and the leading bank in the Middle East and North Africa, announced its results for the nine months ended 30 September 2014.


For the nine months of 2014, Net Profit was QR8.0 billion (USD2.2 billion), up by 12.6% compared to last year.


The Group’s prudent cost control policy and strong revenue generating capability allowed it to maintain an efficiency ratio (cost to income ratio) of"......

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October 2, 2014

4

Panasonic and Coronal Group Complete Nine Solar Projects to Provide Clean, Renewable Energy to Southern California Edison Customers

Panasonic Enterprise Solutions Company (Panasonic) and Coronal Group LLC (Coronal) announce the completion of nine solar projects in Tulare and Kings Counties in Central California. The projects provide 16.2 MW of energy to Southern California Edison’s grid to power approximately 14,500 homes annually.


“Significant solar projects are beneficial to the economy"...

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