London bankers will need ‘chaperones’ for EU clients under no-deal Brexit – sources | ZAWYA MENA Edition

LONDON – Investment banks have warned M&A teams in Britain they cannot pitch business to clients in the European Union if there is a no-deal Brexit without an EU “chaperone” sitting in on their meeting, sources familiar with the matter told Reuters. Source: London bankers will need ‘chaperones’ for EU clients under no-deal Brexit – sources | ZAWYA MENA Edition

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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

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