Middle East | 3 Sep 13

Barclays has announced it is to sell its retail banking unit in the UAE following the conclusion of a company-wide strategic review.

People Moves | 3 Sep 13

Axa Wealth has appointed Kate Randall-Coles as head of fund group relations, replacing Graham Bentley who had been on a fixed term contract at the firm since June.

Europe | 3 Sep 13

STM Group posted an after-tax profit of £456,000 in the six months to the end of June compared with a loss of £21,000 during the same period a year earlier, as its pensions division continued to attract new business.

Middle East | 3 Sep 13

HSBC, one of the Gulf's largest international banks, is to stop offering wealth management products in Bahrain, Jordan and Lebanon, as it continues to shed its less profitable operations globally, following a strategic review.

United Kingdom | 3 Sep 13

Aberdeen Asset Management has been stung by a £7.2m fine from the UK's Financial Conduct Authority due to breaches of client money rules.