Tuesday , May 23 2017

Banking

Credit Suisse taps Deutsche’s McGuire amid equities revamp

Credit copy

Bloomberg Credit Suisse Group AG, the Swiss lender struggling to improve performance at its stock-trading unit, replaced one of the business’s top European bankers with a senior executive from Deutsche Bank AG. Stuart McGuire, who runs Deutsche Bank’s client-execution strategy for equities in Europe, the Middle East and Africa, will ...

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Egyptian banks ease curbs on customers’ overseas cards

Egyptian

  Dubai / Emirates Business Egyptian banks are lifting restrictions on customers’ overseas credit card purchases, the latest indication that a foreign-currency crunch that crippled the economy is easing. State-run Banque Misr, Egypt’s second-biggest lender, is removing curbs imposed last year on purchases, while keeping limits on foreign-currency cash withdrawals, ...

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