UAE
Middle East | 20 Oct 14
Thousands of Standard Chartered UAE accounts
Small and medium enterprise customers in the UAE have been told by Standard Chartered that their accounts are in the process of being closed.
St Jamess Place says UAE office plans
FTSE 100-listed wealth manager St Jamess Place (SJP) has given its clearest indication yet that it has plans to open an office in the United Arab Emirates (UAE).
Middle East | 22 Aug 14
Private bank loses $200m case in DIFC
DIFC-based Bank Sarasin-Alpen has lost a significant case against a wealthy Kuwaiti family, after it was found to have mis-sold investments worth $200m during the 2007/2008 financial crisis, with its CEO singled out for particular criticism.
Middle East | 21 Aug 14
Standard Chartered may face legal challenges
Standard Chartered may face legal action in the United Arab Emirates after the New York Department of Financial Services reached an agreement with the bank on Tuesday for it to exit “high-risk client relationships” within certain business lines in its UAE branches.
fgb set up in south korea
FGB, one of the key banks in the UAE, has set up a new representative office in Seoul, South Korea.