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Banker in London sues Singaporean lender for racial discrimination

(More Bank) – A former manager of the United Overseas Bank Ltd. branch. in London brought an action for wrongful dismissal after declaring that he had been refused a new job because he was not Asian. Daniel Smith, who worked… Continue Reading →

Australia's biggest lender could become biggest loser after thorough public inquiry

Byron Kaye and Paulina Duran SYDNEY (More Bank) – Australia's biggest bank has been making big profits for years, focusing on retail clients and housing mortgages, while its rivals were looking for exposure to business and farm loans abroad. But… Continue Reading →

The tripartite merger of Abu Dhabi will create a capital of 114 billion US dollars. Lender

(More Bank) – The Abu Dhabi Commercial Bank PJSC has decided to merge with the PJSC of Ulean National Bank and Al Hilal Bank to create the fifth largest lender in the Gulf with assets of about $ 114 billion…. Continue Reading →

Cerberus and Centerbridge have announced their intention to take a stake in the NordLB lender

(More Bank) – Cerberus Capital Management and Centerbridge Partners have launched a joint joint offer for the eleventh hour, involving a minority stake in troubled German lender NordLB, according to a source close to the offer Private rival venture capitalists… Continue Reading →

Cerberus and Centerbridge have announced their intention to take a stake in the NordLB lender

(More Bank) – Cerberus Capital Management and Centerbridge Partners have launched a joint joint offer for the eleventh hour, involving a minority stake in troubled German lender NordLB, according to a source close to the offer Private rival venture capitalists… Continue Reading →

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