Bloomberg Deutsche Bank AG has been asked by the European Central Bank to simulate an orderly wind-down of its trading book, Chief Financial Officer James von Moltke told Bloomberg on Monday. “There’s no novelty about the exercise per se; the novelty is that we’re doing this with the ECB,” von Moltke said. The exercise will take several months, being “broader …

ABU DHABI / WAM UAE stocks locked in a strong uptrend in the maiden session of the week supported by most of the listed sectors, primarily the realty and banking companies, with the DFM General Index rising to 3151 points, an increase of 1.83 percent over the last session, and ADX General Index following suit by 1 percent over Thursday’s …

BAHRAIN / WAM Investcorp, a global provider and manager of alternative investment products, on Sunday announced its recent acquisition of KSI Trading Corp. (KSI), a supplier of aftermarket auto body parts in the US. Founded in 1984, KSI is an industry-leading distributor of quality replacement auto body parts servicing over 10,000 collision repair shop customers across 25 locations in 14 …