UBS to strengthen its position by acquiring Credit Suisse
UBS plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBS’s position as one of the leading Swiss-based global wealth manager with more than USD 3.4 trillion in invested assets on a combined […]
Republic Bank announces complete acquisition of CBank and its subsidiary
Republic Bancorp, Inc., the parent company of Republic Bank & Trust Company, is pleased to announce the Bank has completed its previously announced merger with CBank and CBank’s wholly owned subsidiary, Commercial Industrial Finance, Inc., for approximately $51 million in cash. “We are excited about our further expansion into the Cincinnati area and the long-term […]
SVB Financial Group announces appointment of restructuring committee
SVB Financial Group announced yesterday that its Board of Directors has appointed a restructuring committee consisting of five independent directors to explore strategic alternatives for the holding company and its SVB Capital and SVB Securities businesses, as well as its other assets and investments. Both of these businesses are separate divisions of SVBFG and not […]
SHUAA ICC funds surpass industry standards in 2022
SHUAA Capital psc, the leading asset management and investment banking platform in the region, has affirmed its position as one of the leading regional asset managers, outperforming global industry benchmarks and strong growth in Assets Under Management across its Incorporated Cell Company (ICC) fund range, domiciled in Abu Dhabi Global Market (ADGM) and managed by […]
ABK forecasts a 19% increase in net profit in 2022
Al Ahli Bank of Kuwait (ABK) reported a net profit of KD 32.3 million in the financial year 2022. The increase in the net profit compared to the same period in 2021 was 19 percent. Net operating profit rose by 10 percent to a total KD 90.1 million, and earnings per share were 14 fils, […]
