CAIRO May 14 Egypt's largest listed bank, Commercial International Bank, has agreed to sell 10 percent of its investment banking arm CI Capital to a local investor, CI Capital CEO Mahmoud Attalla said on Sunday.
CIB finalised a deal in March to sell about 75 percent of CI Capital to a group of Egyptian and Gulf investors in a deal worth about $40 million.
(Reporting by Ehab Farouk; Writing by Eric Knecht; Editing by Catherine Evans)
China's top banking regulator tells banks to push forward with reform
BEIJING, June 24 China's top banking regulator has told banks to reform by tackling China's "zombie firms", control regional housing market bubbles and push forward with debt to equity swaps, according to a statement posted on the regulator's website late Friday.