DAVOS: A bank-funded safety net to absorb large failures could help shield markets and rebuild trust in the financial system, but regulators backing the idea will need to strike a delicate balance.
Finding a solution to the too big to fail debate (...)
DAVOS: Egypt s number one bank EFG-Hermes has $1.2-$1.3 billion of spare capital after the sale of its stake in Audi Bank that it will use for purchases and to venture into new banking businesses.
EFG-Hermes sold its stake in Lebanon s Bank Audi (...)
DAVOS: EFG-Hermes, Egypt s largest investment bank by market value, has a solid balance sheet with capital in excess of $400 million and does not need a capital hike, the bank s CEO told Reuters.
I say categorically that we are in no need of (...)