Bassam al Sheikh Hussein took drastic action to access his savings so he could pay for surgery for his father.
The statement from the Central Bank governor comes amid fluctuating foreign exchange rates that led to the drop of the value of Turkish lira against foreign currencies
Pope Francis' ongoing efforts to clean up Vatican governance reaches a milestone with the first ever jail sentence issued by a Vatican state court in relation to financial crimes.
A US FinCen leak shows JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon moved illicit funds for nearly two decades even after being prosecuted or convicted for financial misconduct.
Egypt is sounding the drums of war in Libya, but any military incursion faces daunting military and political obstacles.
Experts say such threats are not new to the country and its banking regulator knows how to deal with such unethical financial conduct.
Turkish President Recep Tayyip Erdogan previously had said the S-400s would be activated in April but the coronavirus pandemic has focused Turkish efforts on combating the outbreak.
The London-based charity Interpal described HSBC's decision as an "awful, inhumane and unlawful act”.
Prices recently crashed as the coronavirus pandemic saps global demand, with the situation compounded by a supply glut resulting from a price war between Opec cartel kingpin Saudi Arabia and non-Opec rival Russia.
The International Monetary Fund says that beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, and Africa would get its share too.
Asian stocks fell following a sell-off on Wall Street, with investor confidence continuing to be rattled by the coronavirus crisis.
The World Bank's report projects that growth in China and other East Asian-Pacific countries will slow to 2.1 precent this year from 5.8 percent in 2019 under a “baseline” forecast in which economic recovery takes hold this summer.
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