Word: bankses
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In Saudi Arabia, there have been female-only banks for decades - a reflection partly of Saudi women's wealth, partly of conservative attitudes toward them as precious creatures who need to be protected. But the past few years have seen women's banks and investment companies proliferate across the Middle...
As a result, bankers and money managers - not traditionally associated with feminist causes - are helping to power the region's slow-burn gender revolution. Investment firms like Merrill Lynch and private banks like the Swiss firm Clariden Leu have targeted Gulf millionairesses, some flying advisers out for teach-ins. Arab...
A lot of it. The Middle East Economic Digest estimates that Gulf women control around $246 billion, projected to hit $385 billion by 2011. In Saudi Arabia, women own about a third of brokerage accounts and 40% of family-run firms, albeit often as silent partners. A 2007 study by...
Craig said the consequences of this event might not be evident for months or even years. He said the government should set up a passport hotline so employees and banks can check the authenticity of a passport. Though not a surefire way to erase the problem, he said it would...
Under the new legislation, which also provides billions to save the country's two largest mortgage banks, Fannie Mae and Freddie Mac, the Department of Housing and Urban Development (HUD) has 60 days to lay out a plan for how the homeowner aid will be disbursed via state and local...