CitiBank granted licence to open Abu Dhabi branch – ArabianBusiness.com

The Abu Dhabi Global Market (ADGM) has granted Citi a licence to set up a branch of Citibank NA at ADGM, it was announced on Tuesday. The visit was announced during a visit by Citigroup CEO Mike Corbat to Abu Dhabi. The branch is pending final approval from ADGM’s Financial Services Regulatory Authority (FSRA). Source: CitiBank granted licence to open Abu Dhabi branch – ArabianBusiness.com

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Bank of England votes 6-3 to hold base rate at 0.5% | Mortgage Introducer

The Bank of England has voted to hold the base rate at 0.5% with a 6-3 MPC split, indicating that the rate could rise in August. Three Monetary Policy Committee members, including the Bank’s chief economist, Andrew Haldane, voted to raise rates to 0.75%. Governor of the Bank of England Mark Carney voted to hold rates at 0.5%. Source: Bank of England votes 6-3 to hold base rate at 0.5% | Mortgage Introducer

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