BLOOMBERG National Bank of Canada has agreed to buy the Canadian commercial loan portfolio of Silicon Valley Bank (SVB) as part of a broader strategy to expand its footprint in the nation’s tech sector. The portfolio is comprised of approximately C$1 billion ($752 million) in loan commitments of which around C$325 million are outstanding, the bank said in a statement. …

BLOOMBERG HSBC Holdings Plc announced a new buyback program and painted a bullish outlook for its 2023 earnings, joining peers in benefiting from global rate rises that have been boosting income. The London-based lender, which generates most of its income in Asia, will repurchase an additional $2 billion on top of a previous programme announced just three months ago, according …

DUBAI / WAM Abdulla Nasser Lootah, Deputy Minister of Cabinet Affairs for Competitiveness and Knowledge Exchange, expressed the UAE’s unwavering dedication to advancing its global engagement and preparedness for the future through forging meaningful global partnerships to empower governments, support comprehensive development efforts, and build a better world for future generations. This aligns with the vision of President His Highness …