Category: banking


Dusit International’s regional pipeline has increased over the last 12 months, according to the company’s assistant vice president - development EMEA at Dusit Hotels & Resorts Andrew Shaw. “We have nine properties in the region, and on a global basis we have 51 in the pipeline. Within the next two to ... Read More


By Jessica DiNapoli and Matt Scuffham Mark Cohen, the head of restructuring finance at Deutsche Bank AG, will join Royal Bank of Canada as head of its U.S. capital solutions group in New York in June, people familiar with ... Read More


(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Business Models of European G-SIBs here LONDON, November 16 (Fitch) Large European banks' ability to modernise their banking platforms and improve digital services will be critical to remaining competitive in the long term, Fitch Ratings says. ... Read More


SAUDI ARABIA: Saudi conglomerate Al Bayan Group Holding Company has raised funds through the ... Read More


DUBAI: The emirate of Sharjah will raise $500 million through a five-year sukuk transaction, which could price as early as Wednesday, a document from lead arrangers showed. The sovereign is currently retaining the pricing, as announced on Tuesday, in the area of 250 basis points over midswaps for the Islamic bond, ... Read More


Saudi Arabia is working with the Boston Consulting Group to help start a state-owned mortgage firm similar to the U.S.’s Fannie Mae and Freddie Mac as it seeks to develop a secondary market for home loans, people with knowledge of the plans said. Public Investment Fund, the kingdom’s sovereign wealth fund, ... Read More


JEDDAH: The government lending institutions, specializing in the provision of loans that contribute to the achievement of Saudi Arabia's development goals, have provided SR454.4 billion since their inception until the end of 2014. Also, while their total assets reached SR615.4 billion, up 9.1 percent compared to ... Read More


Banca Monte dei Paschi di Siena S.p.A. (Italian pronunciation: [ˈbancaˈmonte dei ˈpaski di ˈsjɛːna]) (BMPS) is the oldest surviving bank in the world and Italy's third largest bank. Founded in 1472 by the magistrate of the city state of Siena, Italy, as a "mount of piety", it has been operating ... Read More