UBS Plans 10,000 Job Cuts, Investment Bank Shrinks
Switzerland’s largest bank, will cut as many as 10,000 jobs companywide as the trading business shrinks, a person with knowledge…
Investment Banking
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"Streamlining needed to close gap with Hapoalim"
Bank Leumi CEO Rakefet Russak-Aminoach: The plan is being implemented together with the bank's workers committee. We've lagged in streamlining…
Mashreq’s Al Ghurair Fears U.A.E. Banks Becoming Over-Regulated
Banks in the United Arab Emirates risk becoming over-regulated amid tightening central bank rules that may hurt economic growth,…
Prince Alwaleed Praises Pandit for Citigroup Crisis Handling
Saudi billionaire Prince Alwaleed bin Talal praised Vikram Pandit for his handling of the financial crisis while chief executive…
Credit Suisse, UBS could cut a total 7,000 jobs
UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit…
Arab Bank awarded best FX and cash management services in the ME
Arab Bank was recently recognized by the international banking publication, EMEA Finance with Best Foreign Exchange and Best Cash Management…
Key BBK roles for Bustani and Burshaid
Bank of Bahrain and Kuwait have announced new appointments to its executive management. Abdul Hussain Bustani has been appointed to…
HSBC puts £400m +++ worldwide advertising business up for review
One of the world's plum advertising accounts, with a spend of £400 million when it last changed hands in 2004,…
Qatar cash, prospects lure top bankers to local firms
Qatar is luring high-profile bankers away from foreign firms by offering better pay and prospects, as the cash-rich Gulf state…
NCB’s net income climbs 12.7% in 9 months of 2012
National Commercial Bank (NCB) posted a 12.7 percent increase in net income for the first nine months of 2012 at…
Vikram Pandit Steps Down as CEO of Citigroup
The Board of Directors of Citigroup today announced that Vikram Pandit has stepped down as the Company's Chief Executive Officer…