You can see the anxiety over the fate of Afghanistan’s economy just by looking at the huge line of depositors gathered furiously outside the headquarters of Kabul Bank in the downtown section of the capital. Hundreds thronged the sidewalks Sunday, spilling into a street wreathed in newly laid coils of concertina wire. Armed security guards [...]

BRUSSELS – European Union finance ministers are set to discuss the possibility of introducing a levy on banks and whether a tax on financial transactions can deal with another banking crisis, as they gather Tuesday in an atmosphere more benign than when they last met in July.
Worries about the European economy and its ability [...]

KABUL (AFP) – Queues formed at branches of Afghanistan's biggest bank on Sunday as customers clamoured to withdraw their savings, though lines were shorter days after corruption allegations appeared in US newspapers.
Security appeared to have been stepped up at the head office of Kabul Bank, with armoured vehicles parked outside as crowds thronged the [...]

KABUL, Afghanistan – Nervous Afghans pulled more deposits out of the nation’s largest bank despite assurances from government leaders that their money was safe.
Crowds gathered Saturday at Kabul Bank branches around the capital to withdraw dollar and Afghan currency savings, with customers saying they had lost faith in the bank’s solvency following a change [...]

KABUL, Afghanistan – Nervous Afghans on Saturday continued pulling funds out of the nation’s largest bank despite assurances from government leaders that their money was safe.
Crowds gathered at Kabul Bank branches around the capital to withdraw dollar and Afghan currency savings, with customers saying they had lost faith in the bank’s solvency following a [...]

ACCRA (AFP) – Standard Bank Africa announced Friday a 100 million dollar scheme to reach some 750,000 small scale farmers in Ghana, Mozambique, Tanzania and Uganda in a bid to boost output.
“The private sector needs to roll up its sleeves and join the public sector as it works to build the agricultural capacity of [...]

STOCKHOLM – Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week.
Carnegie said it has signed an agreement to buy HQ for 268 million kronor ($37 million), which will make it the Nordic region’s leading independent investment bank.
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KABUL (AFP) – Afghan financial authorities and the owners of Afghanistan's biggest bank said Thursday that Kabul Bank was in no danger of collapsing, as people across the country rushed to withdraw their money.
Finance Minister Hazrat Omar Zakhailwal called a press conference to reassure Kabul Bank customers that it was solvent, saying the administration [...]

WASHINGTON (AFP) – The IMF and the World Bank have stepped up aid to flood-hit Pakistan to help it cope with its worst-ever humanitarian disaster, officials said Thursday.
IMF chief Dominique Strauss-Kahn said the fund “will provide around 450 million dollars in immediate emergency financing” to Pakistan to help it manage the aftermath of the [...]

KABUL, Afghanistan – Managers of Afghanistan’s largest bank braced for a run on deposits Thursday, a day after nervous customers showed up in droves to take out their money following the resignation of two top executives allegations of mismanagement and unorthodox lending practices.
Crowds outside Kabul Bank’s main branch in the center of the Afghan [...]