Investment Banking

Fraud & Ethics

Standard Chartered fined $300 million over laundering controls

August 20, 2014

Benjamin M. Lawsky, Superintendent of Financial Services, announced an order today regarding Standard Chartered Bank's ("SCB") failures to remediate anti-money…

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Investment Banking

Monolithic investment banks need a reality check

August 20, 2014

Over the decades, global investments banks such as Goldman Sachs and Credit Suisse have enjoyed stellar reputations due to the…

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Awards and Recognition

Emirates NBD wins big at Global Brand Excellence Awards 2014

August 19, 2014

Emirates NBD, a leading bank in the region, was honoured at the Global Brand Excellence Awards 2014 with five coveted…

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Executive Moves

FGB announces Head of Corporate Finance Advisory appointment

August 19, 2014

  Michael Aissaoui is a recognised expert in corporate finance advisory, bringing 19 years of professional experience with leading international…

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Executive Moves

National Bank Of Kuwait Appoints Nasser Al-Sayer Chairman

August 19, 2014

  National Bank of Kuwait (NBK), the country’s largest lender, announced that its board had elected Nasser Musaed Al-Sayer as…

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Fraud & Ethics

Swiss Banking giant joins Qatar World Cup debate

August 17, 2014

Banking giant Credit Suisse has warned of the consequences should Qatar lose the rights to host the World Cup in…

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Investment Banking

Three Saudi IPOs raise SR1.73 billion in Q2

August 15, 2014

The initial public offering (IPO) market in the Gulf Cooperation Council (GCC) in the second quarter (Q2) of 2014 started…

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Investment Banking

Arcapita Bank hires JP Morgan to float Irish energy firm

August 15, 2014

 Bahrain-based Arcapita Bank has hired JP Morgan to lead a share listing for Irish energy firm Viridian Group, two sources…

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Financial Results

Standard Chartered blames lower profits to margin compression

August 13, 2014

Standard Chartered Bank on Tuesday attributed decline in its UAE profits to heightened competition and margin compression in all major…

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Financial Results

Arab Banking Corp net profit rises 22%

August 13, 2014

Arab Banking Corporation (ABC) Tuesday announced that its consolidated group net profit for the first half of 2014 was $…

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Investment Banking

aafaq – Islamic Finance Company and MENACORP sign strategic partnership

August 13, 2014

aafaq - Islamic Finance Company, a UAE-based leading Shari'a-compliant financial services group and MENACORP, the UAE's leading investment bank, have…

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Executive Moves

Kuwait's KFH says waiting on approval to hire new CEO

August 13, 2014

Kuwait Finance House is awaiting regulatory approval to hire the former head of consumer banking at National Bank of Kuwait…

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