This is less than the $80 billion lost in 2017, but a sign of a continued bleed. Significantly, the projection was made before the contretemps with Canada.
The CBE cut interest rates twice earlier this year, in February and March by 200 basis points, and kept the rates unchanged during May and June meetings at 16.75 percent and 17.75 percent for the overnight deposit rate and the overnight lending rate, resp
This comes in line with our aim to continue to offer a flexible range of financing solutions to suit our clients' needs,” said Dalal Al Qais, General Manager of Retail Banking of BisB.
The managing director added "the growth in managed assets, amounting to 1.7 billion pounds, came as a result of the new mandates to manage more financial portfolios."
Tesla CEO Elon Musk has yet to submit a formal proposal for his idea to take the company private, but a major investor doesn't appear interested in financing a buyout, Reuters reported on Saturday.