DUBAI / Reuters The private banking arm of Singapore’s second-biggest lender OCBC is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and Africa, its chief executive said. Bank of Singapore launched the office in the Dubai International Financial ...

  Bloomberg HSBC Holdings Plc investors will be looking for indications that the bank will follow through on its plan to return more capital when it announces fourth-quarter results this week, after a $2.5 billion stock buyback and a slumping pound lifted shares in 2016. The stock has surged 56 percent since the Brexit vote on June 23, the most ...

  Bloomberg The International Monetary Fund is backing Somalia’s plans to replace tattered currency notes that were printed before the Horn of Africa nation plunged into civil war almost three decades ago. The new Somali shilling notes may come into circulation this year, alongside the US dollar that’s been the main means of payment, and will replace fake or old ...