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HSBC returns to private banking operations in India to tap growing wealth

BLOOMBERG  HSBC Holdings Plc said it began private banking operations in India, marking a return to the market as Europe’s largest lender seeks to serve the nation’s growing rich. The business is aimed at professionals, entrepreneurs and their families with investable assets of more than $2 million, the London-based bank said in a statement. The move underscores how global wealth ...

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Deutsche Bank hires Morgan Stanley’s Kim as M&A chief in Asia

BLOOMBERG  Deutsche Bank AG has hired Samuel Kim, a veteran Morgan Stanley dealmaker, as the German lender continues to beef up its investment banking operations in Asia Pacific. Kim is joining Deutsche Bank as its chairman of mergers and acquisitions in Apac, according to an internal memo seen by Bloomberg News. He will be based in Hong Kong and report ...

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UAE leaders congratulate US President on Independence Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Joe Biden of the United States of America on the occasion of his country’s Independence Day, which is marked on July 4. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...

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