SMBC to set up unit in Saudi Arabia
Sumitomo Mitsui Banking will establish a subsidiary in Riyadh by the end of the year, in an effort to help…
Investment Banking
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Finance leaders explore aspects of disruptive forces at the Middle East Banking Forum 2017
Held under the theme of “Harnessing the Forces of Global Disruption” in St.Regis Saadiyat, Abu Dhabi, the Middle East Banking…
RAKBANK launches blockchain-enabled cross-border payments
Recognising the rising power of blockchain in today’s markets, the bank’s tie up with Ripple has enabled the launch of…
Bahraini GFH is about to be listed on Tadawul soon
Financial Group of Bahrain announced Wednesday it intends to enter Saudi Stock Exchange (Tadawul) and has already begun to discuss…
Axis Bank Uses Ripple To Open New Payment Corridors Between The UAE And Singapore
For Standard Chartered and Axis Bank, Ripple's enterprise blockchain platform is being used to unlock the $15 billion trade corridor…
Ankara rebuffs claims Halkbank to be replaced
A top Turkish official has rebuffed claims that the functions of Turkey’s Halkbank would be transferred to another state-owned bank,…
Citigroup shuffles investment banking leaders outside western Europe
Citigroup has made a raft of promotions at the top of its investment banking businesses in central and eastern Europe,…
Citi Hires New Head Of Custody Product Strategy
Northern Trust stalwart Fiona Horswell will be joining Citi as EMEA head of product development and strategy for custody and…
Russian Billionaire's Bank Bets on Egypt as Mideast Risk Rises
Renaissance Capital, the investment bank owned by Russian billionaire Mikhail Prokhorov, is taking a long-term bet on Egypt even as…
Banque Saudi Fransi Says Dismisses CEO In Coordination With Regulators
Banque Saudi Fransi, the kingdom’s fifth largest bank by assets, said on Wednesday it had terminated the services of Chief…
Mitsubishi UFJ Expands Investment Banking Business in Europe
Mitsubishi UFJ Financial Group MTU has recruited about 180 employees to date for its investment banking offices in Europe, the…
Qatar First Bank sells stake in Amanat Holdings as Qatar-UAE ties unwind
Qatar First Bank said on Tuesday that one of its units had sold its stake in United Arab Emirates healthcare…