Banking
Credit Suisse appoints head of wealth management India
He has ‘extensive experience’ working with NRI and ISC client segments
Mashreq to offer instant credit transfers to over 30 countries
It claims to be the first bank in the UAE to offer such an extensive real-time payment service
UAE warns of tough action if Pakistani bank violated AML laws
The central bank also separately called on mortgage lenders to halt ‘certain unacceptable practices’
Bancassurance distribution deal sealed in Mumbai
Indian private bank’s 7.8m clients to access full range of life products via strategic partnership
UAE bank fined $600k over money laundering risk
The transactions were made over the counter at Abu Dhabi Commercial Bank’s UAE branches