Bloomberg Banco de Sabadell SA, the Spanish bank under pressure to bolster its capital, is making preparations for a potential sale of its asset management business, people familiar with the matter said. Sabadell, which has been conducting a strategic review of the business for the past few months, is now leaning towards a sale of part or all of the ...

Bloomberg Credit Suisse Group AG Chief Executive Officer TidjaneThiam is devoting more face time to top private bankers and holding talks on boosting pay as he seeks to prevent defections after Iqbal Khan’s exit. Thiam has been reaching out to the best revenue generators at the international wealth business to discuss compensation and career prospects since Khan left in the ...

Bloomberg Technological efficiencies will result in the biggest reduction in headcount across the US banking industry in its history, with an estimated 200,000 job cuts over the next decade, Wells Fargo & Co said in a report. The $150 billion annually that the country’s finance firms are spending on tech — more than any other industry — will lead to ...

Bloomberg Latvia’s political parties are discussing four candidates to lead the central bank after IlmarsRimsevics’s term ends in December, Latvia’s LatvijasAvize newspaper reported. Under consideration are Roberts Zile, a member of the European Parliament, Martins Kazaks, a central bank board member, UldisCerps, a former director of the banking regulator, and KarlisBauze, who previously headed monetary policy at the central bank, ...

Bloomberg Four payments companies that have joined Facebook Inc as founding members of the Libra Association are wavering over whether to officially sign on to the cryptocurrency project, according to people familiar with the matter. Visa Inc, Mastercard Inc, PayPal Holdings Inc and Stripe Inc are undecided about formally signing onto Libra’s organising charter because they’re concerned about maintaining positive ...

WASHINGTON, DC / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs and International Cooperation, met US Secretary of State Mike Pompeo, US National Security Adviser Robert O’Brien in Washington DC, and other senior US officials. In separate meetings, Sheikh Abdullah and the officials discussed bilateral cooperation between the UAE and the US to ensure security ...

DUBAI / WAM The 10th edition of the Annual Investment Meeting, AIM, is set to take place from March 24-26, 2020, at the Dubai World Trade Centre. The event will offer delegates from around 150 countries a platform to keep abreast of the latest trends and best practices in investments around the world. Themed ‘Investing for the Future: Shaping Global ...

Dubai / Emirates Business Dubai Land Department (DLD) participated as ‘City Partner’ in the International Real Estate Expo (IREX) 2019 hosted by the Indian capital New Delhi over two days. This comes as part of DLD’s keenness to register a distinguished presence in major international events to promote Dubai’s real estate market and highlight the unique opportunities this sector offers ...

GENEVA / WAM The UAE Ministry of Economy and the Korean Intellectual Property Office (KIPO), signed a Memorandum of Understanding (MoU) to utilise artificial intelligence (AI) technologies in intellectual property titles such as patents, trademarks, industrial designs, and copyright. The MoU was signed in Geneva on the sidelines of the 59th Series of Meetings of the Assemblies of the Member ...

Dubai / Emirates Business Emirates’ award-winning A380 made its debut at Cairo International Airport (CAI) on Wednesday as the airline brought its popular aircraft to Egypt for the first time. The landing demonstrated the airport’s readiness to accommodate the A380, the world’s largest commercial passenger jet. Welcomed with a ceremonial water cannon salute, the A380 flight was led by Egyptian ...