HSBC bank says 2012 net profit drops 16.5%
Estimated Basel III end point common equity tier 1 ratio (‘CET1’) 10.3% post-2013 management actions (9.0% at end 2012), providing…
Investment Banking
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Morgan Stanley to offload EMEA-Based global stock plan services business
US investment bank Morgan Stanley has entered into an agreement to dispose of EMEA-based part of its Global Stock Plan…
Japan's Nomura to hire in Dubai to revamp MidEast ops
Nomura Holdings, Japan's largest investment bank, plans to revamp its Middle Eastern operations after losing several top executives in the…
Morgan Stanley Middle East Equity Chief Joins Dubai Boutique HK
Morgan Stanley’s head of Middle East equity sales and trading, Fahmi Alghussein, left to join Dubai- based HK Advisory Services…
Qatar hires UBS for possible $3bn VTB deal
VTB is working on a capital increase with Citigroup to bolster its capital base. "Talks are very advanced", one of…
Credit Suisse Saudi Arabia Equities Analyst Said to Leave
William Mejia, who worked as a Dubai-based equities analyst at Credit Suisse Group AG, has left the bank, according to…
Chinese Bank ICBC ME Posts 69% Rise In 2012 Profit
The Middle East unit of the world’s largest lending bank, Industrial and Commercial Bank of China, announced that its 2012…
Egypt regulator approves Qatar bank's offer for NSGB
Egypt's financial regulatory authority has approved an offer by Qatar National Bank to buy 100 percent of National Societe Generale…
Arqaam hires ex-Credit Suisse banker to head equity sales
Arqaam Capital, a Dubai-based emerging market investment bank, has hired former Credit Suisse banker Wafic Nsouli to head its institutional…
Turkey lures Asia investors as it looks east for capital
When Turkish conglomerate Anadolu Holding put its 75% stake in Alternatifbank up for sale last year, a distant potential suitor…
GFH profits hit $10 million
Gulf Finance House (GFH) yesterday reported a net profit of $10.03 million for 2012 as compared to $0.38 million in…
ICBC rides high on Mideast boom
China's biggest lender Industrial and Commercial Bank of China (ICBC) said in Dubai Saturday that its Middle Eastearn branch achieved…