Banking
Swiss private bank has Cayman Islands licence revoked
Regulator says it failed to appoint appropriate directors and meet AML protocols
Credit Suisse appoints head of wealth management India
He has ‘extensive experience’ working with NRI and ISC client segments
Mashreq to offer instant credit transfers to over 30 countries
It claims to be the first bank in the UAE to offer such an extensive real-time payment service
UAE warns of tough action if Pakistani bank violated AML laws
The central bank also separately called on mortgage lenders to halt ‘certain unacceptable practices’
Bancassurance distribution deal sealed in Mumbai
Indian private bank’s 7.8m clients to access full range of life products via strategic partnership