Financial and Banking News

REGIONAL BANKING

Jordan Requests Foreign Banks to Raise Share Capital 

The Jordanian Government's Economic Security Committee has issued a directive requesting the eight foreign banks operating in the country to raise their capital to the same level as local banks by the end of the year, according to a senior executive of the Bank of Credit and Commerce. Local banks have already been told to boost their capital from JD3mn ($7.7mn) to at least JD5mn...