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China rich help Europe banks raise $14bn

  Bloomberg The appetite of China’s wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare for the next financial crisis. Global fund managers are urging caution. Since Aug. 1, seven issuers opened order books for their Basel III bond sales in Asian hours, raising $11.9 billion selling instruments that count as capital under ...

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Qatar central bank offers sale of $824mn govt bonds

  Dubai / Reuters Qatar’s central bank is offering 3 billion riyals ($824 million) of government bonds in its second domestic bond sale this year, according to a circular seen by Reuters. The central bank only issued its first domestic bonds this year in August when it sold 4.6 billion riyals of conventional and Islamic government bonds. Bids for the ...

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Danske names new personal banking head for wealth unit

Bloomberg Danske Bank A/S named Jesper Nielsen its head of personal banking, as Denmark’s largest lender reshuffles its management after creating a $200 billion wealth management unit. Nielsen, 47, will be responsible for all of Danske’s personal customer business in the Nordic region from Oct. 1 , the Copenhagen-based bank said in a statement on Monday. Nielsen, who will also ...

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