Bloomberg Deutsche Bank AG and Credit Suisse Group AG may have to raise more capital because of the need to resolve US claims over the sale of mortgage-backed securities before the financial crisis, Barclays said as it downgraded the two banks. Deutsche Bank may face settlement payments of as much as US$4.5 billion, while Credit Suisse may have to …

  Bloomberg Even in Asia’s cutthroat world of wealth management, the news of a mass defection at RBS Coutts, venerable bankers to the British royals, came as a shock. Lenders battered by the financial crisis were fighting for Asia veterans who could bring the lucrative accounts of the region’s growing ranks of millionaires, and Coutts rainmaker, Hanspeter Brunner, had jumped …

  Our Correspondent / Emirates Business 2XL Furniture & Home Decor is a retailer of luxury home furnishings in the UAE since 2000. The retailer currently has 6 showrooms across Abu Dhabi, Dubai, Sharjah and Al Ain, with plans of opening two more stores in the near future (one in the Mushrif residential area in Abu Dhabi, and the other …