Abu Dhabi / Emirates Business Al Hilal Bank is pleased to announce the dividend payout of its flagship fund, the Al Hilal Global Sukuk Fund. The Fund, which was launched in March 2012, distributed a 1.78% dividend to all registered unit holders as of January 27, 2016. Al Hilal Global Sukuk Fund’s objective is to generate a regular stream of ...

Bloomberg Zuercher Kantonalbank, Switzerland’s fourth- biggest bank, said it’s considering acquisitions in the country’s shrinking private banking sector as smaller rivals struggle with rising costs and negative interest rates. “Domestic private banking is interesting if it offers a certain size and is a good fit,” Martin Scholl, ZKB’s chief executive officer, said in an interview Friday. He said ZKB is ...

BLOOMBERG Bank of America Corp. (BoA) awarded Chief Executive Officer Brian T. Moynihan $16 million for his work last year, raising his potential compensation 23 percent. Moynihan received $14.5 million in stock grants for 2015 and left his salary unchanged at $1.5 million, according to a regulatory filing Friday. A year earlier, the Charlotte, North Carolina-based bank gave the CEO ...