Credit Suisse downsizes Gulf investment-banking team
High-level departures from Credit Suisse in Dubai are part of an overall reduction to the Swiss bank’s Middle East investment-banking…
Wealth and Asset Management
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First Gulf Bank plans four Asia offices to boost financing role
Abu Dhabi-based First Gulf Bank (FGB) plans to set up four more representative branches in southeast Asia in a push…
Middle East banks are in much better shape than those in the US and Europe
Bankers are finally feeling the pinch after three years of bumper profits and big bonuses despite government bailouts in the…
Former Hapoalim chairman to be indicted
State Prosecutor Moshe Lador has decided to indict former Bank Hapoalim chairman Dan Dankner on charges of bribery, aggravated fraud,…
Standard Chartered seats new CEO for UAE
Standard Chartered announced Jonathan Morris as the new Chief Executive Officer for the UAE. Jonathan succeeds Jeremy Parrish, who has…
TAIB Bank strengthens securities business with senior appointment
TAIB Bank has announce that as part of its restructuring strategy, Mr Khaldoon Bin Latif has been appointed as General…
World Bank's Zoellick: "World Economy Is Entering A New Danger Zone"
World Bank president Robert Zoellick warned of "a new danger zone" at a conference today in Beijing, with threats including…
Islamic Finance: worth banking on?
Welcome to another typical Dubai property gain and pain story. A working couple in the pink cold of December 2007…
The art of building a wealth division
Sutapa Banerjee was recruited from ABN AMRO to set up the Indian investment bank Ambit Capital's private wealth division. She…
GCC banks see provisions fall by 15% in Q2
Banks in the Gulf region saw provisions for non performing loans fall by 15 percent in the second quarter of…
Deutsche Bank Scoops Ex-Morgan Stanley EMEA Wealth COO
Deutsche Bank Private Wealth Management (PWM) has announced that Michael Hall has been appointed as the new UK Chief Operating…
Libyan citizens in UK have funds unfrozen
The action brought by Libyan state-owned British Arab Commercial Bank (BACB) effectively legitimises decisions taken by the Libyan Embassy, now…