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Feb
22
2011

  • The heads of several banks are implicated in Shorouk's report, among them Hassan Abdalla, executive director of the Arab African International Bank, Tarek Amer, head of the National Bank of Egypt and Hesham Hassan, head of the Export Development Bank.

     

      Hisham Ezzelarab, head of the Commercial International Bank, and Wagdy Rabat, head of Suez Canal Bank, are also mentioned.

     

      Gamal Mubarak's controversial involvement in Egypt's financial scene started upon his return from London, where he trained in a bank, in the late 1990s.

     

      His first role was at the Arab African International Bank where he was appointed board member with his friend at the time, Ahmed El-Bardaie, who then moved to the top position at Cairo Bank amid widespread dissatisfaction.

May
8
2009

  • The public in Iceland is now organizing a group effort to stop paying their loans to the Banks in Iceland.
    About 20.000 thousand individuals have signed up to a group - that is called - Hagsmunasamtok heimilanna ( homes interest group )
  • People are angry at the banks .
    Many have stopped paying of their loans,and many more are going to stop paying.
    One member called this a financial civil war !
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