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Citigroup earned the most money from investment banking in the Middle East in the decade to the end of last year, a … (eFinancial News)

Wed, 20 Jan 2010 14:00:14 +0000

Citigroup earned the most money from investment banking in the Middle East in the decade to the end of last year, a period in which western banks based in region shared over half a $5bn (€3.5bn) fee pot and dominated the league tables.

Source:Citigroup earned the most money from investment banking in the Middle East in the decade to the end of last year, a … (eFinancial News)

Emerging opportunities in the global blood banking market (News-Medical-Net)

Wed, 20 Jan 2010 12:00:12 +0000

Research and Markets has announced the addition of the “The Blood Banking Market: US, Europe, Japan – Emerging Opportunities and Business Development Strategies” report to their offering.

Source:Emerging opportunities in the global blood banking market (News-Medical-Net)

Completion of Emirates NBD merger cheers finance industry (Zawya)

Wed, 20 Jan 2010 11:00:06 +0000

Dubai Leading professionals from the government and financial services industry yesterday hailed the successful conclusion of the merger between Emirates Bank and National Bank of Dubai.

Source:Completion of Emirates NBD merger cheers finance industry (Zawya)

Thomson Reuters unveils risk management solution for Islamic banking (AME Info)

Wed, 20 Jan 2010 09:00:07 +0000

Thomson Reuters announced the launch of a risk management system specifically tailored for Islamic banking.

Source:Thomson Reuters unveils risk management solution for Islamic banking (AME Info)

RBC Names New Head of U.S. Investment Banking (New York Times)

Wed, 20 Jan 2010 03:00:10 +0000

The Royal Bank of Canada on Tuesday named a new head of U.S. investment banking as the firm seeks to bolster its American footprint.

Source:RBC Names New Head of U.S. Investment Banking (New York Times)

Firm launches system for Islamic banking (Gulf Daily News)

Wed, 20 Jan 2010 03:00:07 +0000

MANAMA: Thomson Reuters have launched a risk management system specifically tailored for Islamic banking.

Source:Firm launches system for Islamic banking (Gulf Daily News)

Research and Markets: The Blood Banking Market: US, Europe, Japan – Emerging Opportunities and Business Development … (Business Wire via Yahoo! Finance)

Wed, 20 Jan 2010 02:00:04 +0000

DUBLIN—-Research and Markets has announced the addition of the “The Blood Banking Market: US, Europe, Japan – Emerging Opportunities and Business Development Strategies” report to their offering.

Source:Research and Markets: The Blood Banking Market: US, Europe, Japan – Emerging Opportunities and Business Development … (Business Wire via Yahoo! Finance)

RBC Capital Markets appoints Blair Fleming Head of U.S. Investment Banking (PR Newswire via Yahoo! Finance)

Wed, 20 Jan 2010 01:00:10 +0000

RBC Capital Markets today announced the appointment of Blair Fleming as Head of U.S. Investment Banking, based in New York. In this role, Fleming will oversee RBC Capital Markets’ investment banking businesses in the United States, which includes corporate finance industry groups, mergers & acquisitions, leveraged finance and restructuring.

Source:RBC Capital Markets appoints Blair Fleming Head of U.S. Investment Banking (PR Newswire via Yahoo! Finance)

'It was a tough year for banking' (Mesabi Daily News)

Wed, 20 Jan 2010 01:00:05 +0000

VIRGINIA — Tough. Trying. A challenge. Those are the words some local banking officials are using to describe the state of their industry in 2009 as several issues directly related to a struggling global economy made doing business a challenge for banks both nationwide and locally.

Source:'It was a tough year for banking' (Mesabi Daily News)

U.S. Bank Completes Purchase of Nevada Banking Operations from BB&T Corporation (Business Wire via Yahoo! Finance)

Tue, 19 Jan 2010 19:00:22 +0000

MINNEAPOLIS—-U.S. Bancorp announced today that it has completed the purchase of approximately $850 million in deposits and certain branch locations of BB&T Corporation’s Nevada banking operations.

Source:U.S. Bank Completes Purchase of Nevada Banking Operations from BB&T Corporation (Business Wire via Yahoo! Finance)

Citigroup's securities and banking arm reported that net profits in the fourth quarter more than halved, compared with … (eFinancial News)

Tue, 19 Jan 2010 19:00:05 +0000

Citigroup’s securities and banking arm reported that net profits in the fourth quarter more than halved, compared with the previous three months, although the division succeeded in pushing full-year profits up 54% to $9.2bn (€6.4bn).

Source:Citigroup's securities and banking arm reported that net profits in the fourth quarter more than halved, compared with … (eFinancial News)

Commentary: Hyper executive compensation (UPI)

Tue, 19 Jan 2010 18:00:06 +0000

By ARNAUD DE BORCHGRAVE UPI Editor at Large WASHINGTON, Jan. 19 (UPI) — Wall Street’s sleights of hand are coming under the glare of multimedia exposure. The total 2009 bonus pool for the nation’s six biggest banks was $130 billion. For the first nine months of 2009 the banking industry spent more than $344 million on lobbying. Bankers denied any connection between lobbyists and their actions.

Source:Commentary: Hyper executive compensation (UPI)

UAE government, industry leaders hail completion of Emirates NBD merger (AME Info)

Tue, 19 Jan 2010 13:00:11 +0000

A wide range of UAE-based government and financial services industry leaders today hailed the successful conclusion of the merger between Emirates Bank and National Bank of Dubai, which has led to the emergence of Emirates NBD as the Middle East’s largest bank by asset size.

Source:UAE government, industry leaders hail completion of Emirates NBD merger (AME Info)

Industry titans lash out at UK tax policy (eFinancial News)

Tue, 19 Jan 2010 12:00:07 +0000

Leading figures from across London’s financial services industry have warned that the government’s tax regime is making the country a “pretty uncompetitive” place to do business, fuelling concerns that some of the City’s top talent could leave the UK capital.

Source:Industry titans lash out at UK tax policy (eFinancial News)

UAE government, industry leaders hail completion of Emirates NBD merger (Zawya)

Tue, 19 Jan 2010 11:00:10 +0000

Dubai, January 19, 2010: A wide range of UAE-based government and financial services industry leaders today hailed the successful conclusion of the merger between Emirates Bank and National Bank of Dubai, which has led to the emergence of Emirates NBD Emirates NBD as the Middle East’s largest bank by asset size.

Source:UAE government, industry leaders hail completion of Emirates NBD merger (Zawya)