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 …

  Bloomberg Regulators are notorious for falling behind the financial industry, cracking down on risk in one area only to watch it move swiftly beyond their reach. This phenomenon has rearranged the competitive landscape in the nearly $1 trillion market for US leveraged loans. This week, Bloomberg News highlighted how private-equity firms have been winning a growing number of assignments …