Alawwal Bank, Saudi British Bank merger completion to benefit RBS
RBS said that the merger would strengthen its core capital and help it shed £4.7bn worth of risk-weighted assets
SNB advises UBS and Credit Suisse to strengthen credit planning
The Swiss National Bank said that the two banks have ‘slightly improved their capital situation,’ despite moderate dip in economic and financial condition
High NPAs, low adequacy ratio put banks in Russia at risk: World Bank
A Russian court has ordered PE group Barings Vostok to surrender its stake in Russia’s Vostochny Bank
Citigroup, Grab launch co-branded credit cards to boost customer base
The decision comes as part of the bank’s plan to increase its Asian customer base by approximately 13 percent
Dubai Islamic Bank to become top Shariah bank with Noor acquisition
DIB will become one of the largest Islamic banks in the world with combined assets worth $76 billion
Maybank to establish link between GCC, ASEAN for islamic banking
The bank will create the link between the two regions after it starts operations in Dubai branch this year
UBS, Sumitomo Mitsui to establish wealth management venture by 2021
UBS Japan Country Head Zenji Nakamura said that UBS will own 51 percent of the new joint venture in Japan
Number of billionaires in UAE and Saudi Arabia declines in 2018
Wealth X’s report finds that there are 55 dollar billionaires in the UAE worth $165 billion
Barclays Kenya warns regulatory changes might increase banking costs
Banks in Kenya are subject to scrutiny due to new regulations under the rule of Central Bank Governor Patrick Njoroge
Brazil to make currency real fully convertible in two to three years
Brazil needs full currency convertibility to reduce cost of cross border trade and investments
Commercial Bank of Dubai denies M&A reports, to stick to current strategy
Earlier media reports had said that the Al Futtaim Group which holds 10.5% in the bank was encouraging an M&A strategy