Bloomberg A substantial chunk of the bank bonds needed to comply with new rules designed to protect taxpayers may come from Scandinavia, according to calculations by Danske Bank A/S. In an extreme scenario, which assumes local regulators set the toughest criteria, the region’s lenders may need to find investors for more than $120 billion in notes to meet minimum …

  Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Sunday became the first local bank to launch the Corporate Virtual Card, enhancing its comprehensive product suite for Commercial Payments. Mashreq Corporate Virtual Cards is a dynamic electronic payment platform, empowering corporates with real-time transaction security and control. This powerful tool, built on Mastercard’s …

  Bloomberg Wall Street’s biggest banks are in a bright spot after years of massive layoffs and pay cuts. The same cannot be said for the largest asset managers. JPMorgan Chase & Co. and Bank of America Corp. reported generally positive fourth-quarter earnings, with debt-trading revenues surging amid volatility after Donald Trump’s election as next US president. BlackRock Inc., on …