- 3Q underlying net result of EUR 1,043 million vs. EUR 727 million in 3Q2009 and EUR 1,202 million in 2Q2010
- Net result of EUR 371 million impacted predominantly by goodwill write-down of EUR 513 million related to Insurance US
- Net profit per share amounted to EUR 0.10; excluding goodwill write-down the net profit per share rose to EUR 0.23
Standard Chartered Bank today announced the launch of the first Islamic US Dollar nostro account in the United States. Islamic banks across the world will now be able to earn Shariah-compliant profits on their account balances at Standard Chartered Bank New York by using this facility.
The facility will operate on the Islamic finance principle of commodity Murabaha. Profits will be paid on a monthly basis.
Rabat, November 23, 2010 – World Bank Managing Director Sri Mulyani Indrawati wrapped up her first visit to the Middle East and North Africa region with appreciation for Morocco’s impressive economic performance and commitment to achieve greater competitiveness in the Mediterranean and global economy.
Commonwealth Bank today published its second Viewpoint report, measuring the economic health of the nation and examining the impact of the resources boom in mining areas of Australia.
Viewpoint was created in conjunction with NATSEM (National Centre for Social and Economic Modelling) at the University of Canberra,
In 2009, companies on the London Stock Exchange’s growth market AIM contributed a total of £21 billion to UK GDP and supported 570,000 jobs through direct, supply chain and multiplier effects, but greater fiscal incentives and fewer restrictions are needed to stem net outflows of capital from small caps and enhance the economic benefits delivered by the sector,
The London Stock Exchange today welcomes the launch of two new corporate bonds to its Order book for Retail Bonds (ORB), issued by the Royal Bank of Scotland (RBS). Launched in February this year ORB offers private investors simple, transparent access to investment in individual fixed income securities.