Wednesday 23 July 2014
Corporate banking

Barclays to sell UAE retail bank after review

Barclays has decided to sell its retail banking operations in the United Arab Emirates after conducting a review of the business, the British lender said on Tuesday. The potential sale may impact up to 280 employees, a source fami


JP Morgan names global head of Islamic Finance

J P Morgan, a leading international financial services firm, has announced the appointment of Hussein Hassan as global head of its Islamic Finance practice. Hassan will lead the firm's effort to further build out its Islamic o


Low growth seen for global markets in 2012

An anemic recovery in the US, a technical recession in the UK, a struggling Europe, a suffering Japan and a sluggish performance in emerging markets count among the global markets outlook for 2013, said an expert. The issues facin


Lloyds names ME corporate banking head

Lloyds TSB has appointed Bobby Liddell as its new head of corporate banking in the Middle East, the bank said in a statement on Sunday. Liddell, who was previously senior manager for corporates at the bank in Dubai, will report to Richard


GCC banks' profitability set to recover

GCC corporate banking profitability is on its way to recovering from the turmoil of the financial crisis, according to the latest report by the Boston Consulting Group (BCG). According to the firm's recently released Corporate Banking


NBAD names new chief for division

The National Bank of Abu Dhabi (NBAD) has appointed Vasgen Edwards as the head of International Corporate Banking. Edwards will manage the international corporate clients, with a mandate to grow the bank’s corporate banking business with


GCC corporate banking units post growth

Some banks are now successfully shifting their focus from damage control to capitalising on the dynamics created by the downturn, according to a global report released by The Boston Consulting Group (BCG). The study shows that between 2007

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