BLOOMBERG  HSBC Holdings Plc plans to recruit about 30 bankers to service India’s ultra-rich through its private bank that the lender will launch in the country in the next few months, according to people with knowledge of the matter. The bank is seeking to fill the roles internally from staff in the country, as well as to hire wealth managers …

BLOOMBERG  British banks expect to put the squeeze on the mortgage market in the coming months after signs emerged of business and household loan defaults picking up. The Bank of England’s (BOE) quarterly credit conditions survey showed that the availability of home loans will be curtailed in the second quarter (Q2). Lenders said that default rates on mortgages, unsecured credit …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has awarded  Khemissi Arif, ambassador of Algeria to the UAE, the First Class Medal of Independence, on the end of his tenure as ambassador to the UAE. Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, presented the medal to Ambassador Arif. Sheikh Shakhboot expressed his …