October, 2016

• 20 October

  Wells Fargo probed for identity theft over fake accounts

  

    Bloomberg California prosecutors are investigating whether Wells Fargo & Co. bankers committed criminal identity theft by creating millions of fraudulent accounts. Attorney General Kamala Harris served a search warrant on the bank seeking the names of employees who opened unauthorized accounts from May 2011 to July 2015. The warrant, provided by Harris, also demands detailed communications, the bank’s fee ...

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• 20 October

  SEB profit surges 22% in quarter tree

  

    Bloomberg The Nordic region’s biggest foreign-currency trading bank told investors it has finished building capital buffers for now as shareholders look for clues as to how Sweden’s banks might treat excess cash. Annika Falkengren, the chief executive officer of SEB AB, said the 170 basis-point buffer the bank holds on top of the requirement set by Sweden’s regulator is ...

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• 20 October

  Credit-card rewards war crimps bank profits

  

    Bloomberg A rewards war that’s helped U.S. credit-card customers amass points for perks or cash proved costly in the latest quarter for some of the nation’s biggest banks. That may signal fresh pain at American Express Co. Issuers have sweetened rewards, cut fees and sought to improve services to lure customers, making it tougher to grow profits. In the ...

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• 20 October

  ADGM registers robust growth in first year

  

    Abu Dhabi / Emirates Business Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has announced that it has registered and licensed close to 160 companies from a broad range of industries and sectors in its first year of operations. This achievement sets another new milestone in ADGM delivering on its ambition to support Abu Dhabi’s ...

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• 20 October

  TCA Abu Dhabi takes part in Frankfurt Book Fair

  

    Frankfurt / Emirates Business As part of promoting Abu Dhabi’s culture and tourism potential globally, Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is participating in the Frankfurt Book Fair in Germany from October 19-23. At the Fair, a meeting was held between TCA Abu Dhabi and the State Administration of Press, Publication, Radio, Film and Television of ...

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• 20 October

  WiFi UAE hits 1.5mn sessions monthly

    Dubai / Emirates Business WiFi UAE announces that it is very close to 1.5 million sessions per month, with a quarter million unique users in the month of August alone. Almost half of the sessions (44%) lasted between 11 and 30 minutes, while 32% lasted between six and 10 minutes. Of the online activities, social interactions were amongst the ...

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• 20 October

  RAK sees huge surge in Indian visitors

  

    Ras Al Khaimah / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA), which develops the emirate’s tourism infrastructure and plans, initiates and drives its domestic and overseas promotions, has reported exceptional growth in Indian travellers to the emirate this year. The northern UAE emirate recorded a 22 per cent rise in Indian hotel guests between January and September ...

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• 20 October

  ‘Youth Data’ hub partners with LinkedIn

  

    DUBAI / Emirates Business LinkedIn, the world’s largest professional network celebrated the success of leading companies in MENA region in the talent acquisition and employer branding space by hosting the ‘LinkedIn Talent Awards’. Held for the second consecutive year, the awards recognized and acknowledged LinkedIn’s top customers in MENA for the great work and results they’ve been seeing during ...

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• 20 October

  Fury at debate as Trump refuses pledge to respect a Clinton win

  

    Las Vegas / AFP Turning his final presidential debate appearance into an unprecedented assault on US political convention, Donald Trump refused to say that he would respect a Hillary Clinton victory in November. As the last head-to-head encounter of the toxic 2016 campaign descended into mud-slinging, the Republican mogul doubled down on claims that his Democratic rival’s supporters plan to ...

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• 20 October

  British Al-Jazeera reporter freed in Somalia

    Nairobi / AFP A British journalist arrested in Mogadishu while on a reporting assignment has been released by Somalian security forces, his employer Al-Jazeera said on its website on Thursday.Hamza Mohamed was ar rested on Tuesday along with a driver, fixer and cameraman. He had been in the country for a week. Somali authorities had earlier informed Al-Jazeera that they ...

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