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BANKING

Northern Trust Named Best Private Bank for Family Offices
November 14, 2018

(AETOS Wire) -- Northern Trust’s Global Family & Private Investment Offices (GFO) group has been named Best Private Bank for Family Offices Globally by Professional Wealth Management and The Banker magazines, publications of the Financial Times Group. This marks the second year in a row that Northern Trust GFO has been recognized as Best Private Bank for Family Offices Globally.

The"...

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Small is Best in Global Banking - as Universal Banks Fail to Deliver - Lafferty Banking 500
November 13, 2018

(AETOS Wire)-- Far from being the universal banking giants of Wall Street, London, Frankfurt, Paris, Tokyo or Beijing that typically combine commercial and investment banking activities, the best banks in the world are focused on consumer and business banking. They are also smaller and often younger than the big brands of the banking industry. So says a new study from global banking research firm, Lafferty Group, London.

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Alawwal and GCC BDI to improve corporate governance region-wide
November 8, 2018

Alawwal bank has signed a three-year partnership to help develop high-performance boards in the Gulf. The bank will support a program of activity to raise corporate governance standards in Saudi Arabia and the wider GCC. The program is designed by GCC Board Directors Institute (GCC BDI) to build confidence in GCC corporations among shareholders and encourage foreign investment.

Jane Valls, Executive Director, GCC Board Directors Institute, said: “We"...

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SoftBank’s Son defends ties with Saudi Arabia
November 6, 2018

TOKYO — SoftBank Group Corp CEO Masayoshi Son on Monday said his firm must carry out its responsibility to the Kingdom’s citizens whose money is invested in its Vision Fund.

“These funds are important to the Saudi people in ensuring their economy diversifies and is no longer dependent on oil,” Son said on Monday.

“It is true that a horrible incident happened. On the other hand, we have a responsibility
"...

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Al Sudairy named CEO of NBK Wealth Management
November 1, 2018

THE Board of NBK Wealth Management has announced the appointment of Musaad Al Sudairy as Chief Executive Officer of NBK Wealth Management, a subsidiary of NBK Group.

“We are delighted that Musaad has been appointed CEO of NBK Wealth Management,” said Tariq bin Mutlaq Al Mutlaq, Chairman of NBK Wealth Management. “He joined our team in April 2018 and has already been instrumental in leading the launch of NBK Wealth Management’s"...

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Alawwal net profit rises 10.8% in Q3
October 31, 2018

Alawwal Bank announced its financial results for the third quarter of 2018, reporting net income of SR281m, up 10.8% vs Q2 2018, attributable to higher operating income and lower total operating expenses.

Total operating income for the quarter increased by 1% to SR886m. Net special commission income also increased 3.5% from Q2 to SR692m.

Total operating expenses were down by 3% quarter-on-quarter, mainly driven by a 12.7% reduction in impairment"...

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Mandatum and Saxo partner to launch new online trading service
October 28, 2018

Mandatum Life will launch a new online trading service based on the Saxo Bank Group’s (Saxo Bank) state of the art investment and trading technology in the first half of 2019.

The service opens up a uniquely broad global investment universe both for Finnish stock investors as well as advanced tools and services for active traders.

The instrument universe is truly extensive, including more than 35,000 different financial instruments"...

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Moody’s Selects Partners for Reshape Tomorrow, Aiming to Help Small Businesses Thrive
October 26, 2018

Moody’s Corporation (NYSE:MCO) today announced the selection of its inaugural list of partners for Reshape TomorrowTM, its innovative, global program to help owners of small and growing business overcome the challenges of expanding their enterprises.

Moody’s has selected a network of six partner organizations and programs, supported by grants from Moody’s Foundation, that"...

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Saudi Arabia will not penalize banks that boycotted conference: Central bank chief
October 25, 2018

DUBAI: Saudi Arabia’s central bank governor said the kingdom will not penalize foreign banks that boycotted an investment conference in Riyadh and reiterated the country’s commitment to defend its currency peg to the dollar.


Saudi Arabian Monetary Authority (SAMA) Governor Ahmed Al-Kholifey said in an interview with Al Arabiya TV on Wednesday that institutions that pulled"...

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VIB 9–month profit before tax rises 176% YoY to VND 1,720 billion, Retail revenue increases 92% YoY
October 23, 2018

(AETOS Wire)-- Vietnam International Bank (UPCoM: VIB) announced its financial statements of the first 9 months 2018 with positive results.

Profit before tax grows 176%
VIB reported profit before tax of VND 1,720 billion, up 176% year-on-year (YoY), equal to 86% of its full year target. The revenue increased by 48% YoY, in which interest income"...

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