Santander appoints new chief executive – BBC News

One of Europe’s biggest banks, Banco Santander, has poached the head of investment banking at UBS to be its next chief executive.Andrea Orcell will replace José Antonio Alvarez, who has been at the helm since January 2015. He has been a long-standing adviser to the Botin family that controls Santander. Source: Santander appoints new chief executive – BBC News

Continue Reading

MIDEAST STOCKS-Kuwait up 0.8 pct on expectations of foreign inflows

DUBAI, Sept 25 (Reuters) – Kuwaiti stocks rose nearly 0.8 percent in early trade on Tuesday, helped by expectations that its inclusion in the FTSE Russell emerging market index will trigger more foreign fund flows. The first phase of its entry to the index began on Monday and the second stage will be on Dec. 24. Source: MIDEAST STOCKS-Kuwait up 0.8 pct on expectations of foreign inflows

Continue Reading

Deutsche Bank appoints Riyadh GM | ZAWYA MENA Edition

LONDON: Deutsche Bank has appointed Mohammed Alajmi as general manager of Deutsche Bank Riyadh Branch in Saudi Arabia.He will have oversight of the bank’s business regulated by the Saudi Arabian Monetary Authority (SAMA), Deutsche Bank said in a statement.The German banking giant originally established its Riyadh branch in 2006. Source: Deutsche Bank appoints Riyadh GM | ZAWYA MENA Edition

Continue Reading

Average cost of moving home tops £12,000 for first time | Mortgage Introducer

The average cost of moving home in the UK has increased by £4861 over the past year to £12,110 (from £11,624), topping £12,000 for the first time, Lloyds Bank has found. This 4% rise in costs comes at a time when the annual growth in average earnings is at 2.9% and the price that consumers have to pay for goods and services is up 2.42%2. Source: Average cost of moving home tops £12,000 for first time | Mortgage Introducer

Continue Reading

Abu Dhabi’s ADCB, Union, Al Hilal Bank in talks to merge – Gulf Business

Abu Dhabi is exploring the potential merger of three of its banks to create a lender with around $110bn of assets.Bloomberg first cited sources as confirming discussions to combine Abu Dhabi Commercial Bank (ADCB), Union National Bank and Al Hilal Bank. If successful a deal could be announced as early as this month, the sources said, emphasising that a final decision has yet to be made. Source: Abu Dhabi’s ADCB, Union, Al Hilal Bank in talks to merge – Gulf Business

Continue Reading