MANAMA / Emirates Business Ithmaar Holding BSC, a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank BSC, a Bahrain-based Islamic retail bank, each announced their financial results for the first half of 2018 with both reporting profits for the period. The announcement by the Ithmaar Holding Chairman His Royal Highness Prince Amr Al Faisal, who is also the Ithmaar …

Bloomberg JPMorgan Chase & Co. retail clients who don’t live in the US will no longer be able to keep investment accounts as the bank shuts a business that it’s operated for decades. “After careful review, we’ve decided to no longer service Chase retail investment accounts to non-US residents,” said Elizabeth Seymour, a JPMorgan spokeswoman. “This decision allows us to …

Bloomberg Citigroup Inc. is restructuring its consumer-banking operation in a shake-up that includes the departure of its global credit-card chief. Judson Linville, who ran the world’s largest portfolio of credit-card loans, is leaving as the bank merges that business with its wealth and retail units in the US, according to an internal memo from Stephen Bird, who leads Citigroup’s global …