Sunday 20 April 2014
 
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Credit Suisse

Saudi spending potential narrowly based

Consumer optimism has dropped in Saudi Arabia with just 18 per cent expect to see improvements in the state of their personal finances, a report said, noting that this is the second consecutive drop in optimism seen within the region.

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Credit Suisse Q4 profit hit by legal cost

Credit Suisse missed expectations with a marginal uptick in fourth-quarter net profit yesterday after increased legal costs arising from US probes into alleged tax evasion and the sale of mortgage-backed bonds. Credit Suisse is cu

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Qatar tops average wealth per adult in Mena

Qatar recorded the highest average wealth per adult of $153,294 in mid-2013 in the Mena region, growing two per cent from the same period last year, said a report. The fourth annual Global Wealth Report 2013 released by Credit Sui

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C.Suisse banker to run Qatar's investment bank

  QInvest, a Doha-based investment bank, has appointed Michael Katounas, previously with Swiss lender Credit Suisse, to run its investment banking division, QInvest said in a statement on Saturday.  

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Credit Suisse acquires Morgan Stanley unit

  Credit Suisse has signed an agreement to acquire Morgan Stanley’s wealth management businesses in Europe, Middle East and Africa (EMEA), excluding Switzerland.    The businesses with a

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C.Suisse's Qatar investment head quits

Credit Suisse's top investment banker for Qatar has resigned, three banking sources said, in a move that comes as the Swiss bank tries to bolster operations in the Gulf state, home to its second-largest shareholder. Rami Touma

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C. Suisse in new venture with Qatar

  Credit Suisse Group has set up an asset management venture with key shareholder and sovereign wealth fund arm Qatar Holding, the Swiss banking group said on Tuesday.   The new venture, named Avent

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Job axe falls on ME investment bankers

Big US and European banks are cutting investment banking jobs in the Middle East as the promise of emerging markets is overshadowed by a need to slash costs and a dearth of deal activity. Institutions including Deutsche Bank, Cred

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Credit Suisse trims Dubai team, ships jobs to Qatar

Credit Suisse is trimming its investment banking team in Dubai and relocating some jobs to neighbouring Qatar, three sources said, as part of efforts to cut costs and focus on richer markets. Switzerland's second-biggest bank

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Saudi banks to deliver solid earnings growth

Saudi banks are set to deliver double-digit earnings growth for the next three years, owing to higher credit volumes and cost of risk leverage, which could accelerate further should monetary policy tighten, according to a new study.

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