Thursday 07, June 2012   |   The business of banking

Standing Strong

  • 18  Facebook flop
  • 24  Waving the Brazilian flage
  • 34  Going for gold
  • 50  Insurance set to boom
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Riad Salamé, Governor, Banque du Liban

Lebanon has long been credited for its stable banking sector.Much of it is down to its well-regulated structure, but the ongoing unrest in neighbouring Syria is putting pressure on Lebanese banks. Central Bank Governor Riad Salamé, the man at the helm of Banque du Liban for the past 18 years, tells Joanna Andrews that precautions are in place to guarantee stability.

Facebook flop

Just what the banking world needs now,another scandal! Facebook, the biggest technology IPO in history, has turned into a quagmire of blame - and banks are front and centre.

Waving the Brazilian flage

Brazil’s former President Fernando Henrique Cardoso and one of Latin America’s largest banks, Itaú Unibanco,are scouring the Middle East region for investors.

Going for gold

The age of the digital currency has arrived. Consumers the world over are increasingly relying on electronic payments to spend their money, and Olympic sponsor Visa has been instrument in the evolution. Kamran Siddiqi, General Manager for Visa in the Middle East and North Africa tells BME where he sees the next wave of growth.

Insurance set to boom

The GCC insurance industry is relatively small when compared to other regions, but it is on course for robust growth, aided by government spending and diversification of the region’s economies. BME caught up with one of the best-known insurers: Swiss Life.