Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Commercial Bank (ADCB), announced the launch of “ADCB Private”, a new private banking proposition providing globally sophisticated banking and wealth management solutions for high-net-worth customers, delivered from the UAE. Wealthy clients in the region and the UAE have historically had to seek international banking and investment services that required them to deal with overseas ...

Shanghai / AFP Japanese telecom giant Softbank said on Monday it will buy back about 14 percent of its shares for more than $4.0 billion, after the stock plunged since the start of the year. The company plans to buy 167 million shares over one year starting Tuesday at a total cost of around 500 billion yen ($4.4 billion), it ...

BLOOMBERG Bank stock volatility this year shows that the Bank of England should “think again” about its capital buffer requirements for U.K. lenders, according to John Vickers, who led the Independent Commission on Banking. The BOE’s 11 percent goal for the “appropriate” level of Tier 1 equity, a regulatory measure of financial strength for the banking system, is “questionable,” Vickers ...