Arab Bank said that no developments were recorded until Tuesday on claims filed against the New York branch at a U.S. federal court.
In a statement, the bank noted that the same legal actions were taken against the Arab Bank 10 years ago.
In 2010, New York state court imposed sanctions on the bank on privacy issues.
Scores of complaints were filed accusing the Jordan-based bank for distributing financial benefits to families including members who killed themselves in Palestinian territories.
According to the bank, in 2013, US District Judge Jack Weinstein in Brooklyn, New York, issued a ruling says the bank had no bad faith nor was responsible for injuries the plaintiff sustained during his banking service.
The back has only provided routine services under the laws and regulations applicable in its business places, read the statement.
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:19 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and GazaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor