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Hong Kong stocks rise

DUBAI / Reuters Hong Kong stocks rose for a third day, closing above the key 26,000 level for the first time in more than a month, as banks led the gains. The Hang Seng Index advanced 0.6 percent to 26,043.64 at the close. Banks accounted for the benchmark’s top three gainers, with Industrial & Commercial Bank of China Ltd. and ...

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Deutsche Bank targets Saudis in ‘massive’ push for wealth

Bloomberg Deutsche Bank AG is targeting the Middle East as a priority region for wealth management as the lender seeks to recoup assets lost late last year when concerns about its capital levels prompted an exodus of clients. The Frankfurt-based bank is seeking to hire relationship managers and expand the products it offers wealthy clients in the region to attract ...

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Ex-Credit Suisse trader raises $66mn for Bitcoin push

Bloomberg Former Credit Suisse Group AG trader Nikolay Storonsky is getting $66 million from investors including Index Ventures to help expand his business offering banking services and add cryptocurrency exchange for customers. His London-based Revolut Ltd. raised the money in a round that included Balderton Capital and Ribbit Capital, according to a statement on Wednesday. Storonsky, 32, will use the ...

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