Billions 'wiped off' Al-Waleed's fortune following his arrest

Prince Al-Waleed Bin Talal's fortune has taken a dramatic fall since his imprisonment, according to a report by the Financial Times. Billions of dollars is reported to have been “wiped off” Saudi Arabia's most famous investor following his arrest under last month's anti-corruption purge authorised by the
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PALM HARBOR, Fla.–(Business Wire)–Nationwide Title Clearing (NTC), the leading post-closing services provider for the nation's largest financial institutions, investors and servicers, announced today that an analysis of company performance over the past 12 months indicates that its Financial
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The clamour against the proposed Financial Resolution and Deposit Insurance (FRDI) Bill has gotten louder, if possible, with the All India Bank Employees Association (AIBEA), one of the biggest unions in the banking sector, entering the stage. The union has announced that it is contemplating a strike
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Ripple is up 90% today on huge news out of Korea and Japan that testing of international transfers between banks will start as early as next spring. Recently we reviewed why Ripple could have a huge 2018 and mentioned the addition of Shinhan bank as a Ripple partner. Shinhan is the second largest
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BEIJING (Reuters) – China will relax requirements for foreign banks to take retail yuan deposits and allow them to do business in government bonds, the banking regulator said on Wednesday. It will also abolish a “waiting period” for foreign banks to start doing yuan business, the China Banking
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Single-family home sales across the Houston area were up 7.4 percent in November, the third straight month of year-over-year increases since Hurricane Harvey. Homes priced between $100,000 and $250,000 saw the strongest sales gains while demand for luxury homes declined compared with last
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Both Freddie Mac and Fannie Mae announced this week that evictions from foreclosed single-family and two-to-four-unit properties owned by the GSEs will be suspended during the holiday season. The moratorium will begin on December 18 and extend through January 2 of next year. The two
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Tools exist, and certainly Fannie Mae and Freddie Mac have been leading that charge, but these tools are primarily focused on verification of eligibility. There is so much more to the process of underwriting and quality control where inconsistencies can cause manufacturing defects and therefore lead to
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Talking about the Goods and Services Tax (GST), Modi said the government's effort is to ensure that maximum businesses register for GST. “The more formal the system becomes, the more it will benefit the poor. It will enable easier availability of credit from the banks, and reduce cost of logistics, thereby
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Today, there are 57 homes available in Port Townsend and 209 in the county. Inventory is usually lower in the winter months; however, the last time we saw our inventory this low was in 2006. Having been in real estate for 33 years, I have seen the ups and downs of the housing market. From 1988 to
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NEW DELHI: Prime Minister Narendra Modi on Wednesday accused the Congress-led UPA government and big industry for the banking sector crisis, even as he … “When some in the government pressured the banks to give loans to a select few industrialists, where were organisations like FICCI then?
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Trump and Omarosa Manigault at the “All-Star Celebrity Apprentice” Red Carpet Event at Trump Tower on April 1, 2013 in New York City. Charles Eshelman FilmMagic. By Chris Morris. Updated: December 13, 2017 11:03 AM ET. Omarosa Manigault Newman was fired by Donald Trump on The
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In the past, RBI has placed restrictions on seven banks which include Oriental Bank of Commerce, Dena Bank, Central Bank of India, IDBI Bank, Indian Overseas Bank, Bank of Maharashtra and UCO Bank. The RBI has also clarified in the past that banks are placed under PCA to facilitate them to take
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[SYDNEY] Commonwealth Bank of Australia (CBA) admitted it was late in submitting suspicious-transaction reports but will contest many of the other charges made by Australia's financial-crimes regulator, according to its defence against money laundering allegations filed in the Federal Court in Sydney
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China's war against smog is lifting prices for energy all over the world, according to analysts at Goldman Sachs Group Inc. and the International Energy Agency. Policies promoting natural gas use have helped boost China's consumption by 19 percent this year and raised it to the world's second-biggest
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“There were a slew of women starting companies who were having a hard time raising venture capital,” Lyne told Fortune. “Before they could even start talking about the business they were building, they had to explain to the guys around the table how women thought about their closets or whatever it
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Shares of Investors Title (ITIC) traded down $3.47 on Tuesday, reaching $187.52. 3,600 shares of the company were exchanged, compared to its average volume of 3,374. The company has a market cap of $360.40, a price-to-earnings ratio of 17.13 and a beta of 0.81. Investors Title has a 12-month low
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Supply constraints tempered real estate and title professionals' outlook for the home purchase market over the next year, according to First American Financial Corp.'s fourth quarter Real Estate Sentiment Index. Their confidence in overall transaction volume growth for the next 12 months grew 5.3% from
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In an early morning tweet, the commander-in-chief backpedaled from his endorsement of Roy Moore after the Republican candidate lost to Democrat Doug Jones in Alabama's special Senate election on Tuesday. Jones's win represents the second loss for a Trump-backed candidate in the contest.
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The Reserve Bank of India (RBI) has imposed Rs 3 crore penalty on IndusInd Bank for breaching rules on income classification norms. A statement issued by RBI said that the penalty was imposed after the regulator observed violation of various regulations issued by the RBI on non-performing loans
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