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Industry News

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Dubai Islamic Bank books $404m in provisions in preparation for Covid-19 impact

MENA/GCCDubai

Russia's VTB finds partners for growth of grain business

FICCRussia/CIS

Coronavirus small business loan lending tops £4.1bn but concerns remain over scheme

Europe

Shareholder support for Credit Suisse chairman drops, successor search 'well under way'

EuropeCEO

Average Dubai crude oil price falls in April to $20.387/bbl-source

MENA/GCCDubai

Mideast Stocks: Saudi outperforms region on oil, ease in lockdown

MENA/GCC

OPEC April oil output surges to 13-month high before new cut deal

Saudi ArabiaMENA/GCC

Abu Dhabi shelves sale of $2bn private equity book due to coronavirus

Private EquityMENA/GCC

Equity trading wipeout pushes SocGen into the red

Corporate BankingInvestment BankingEuropeCEO

Israel raises additional $5b debt on Asian markets

IsraelAsia

Special opportunity funds take advantage of the stress through loan to own

Private EquityEurope

Shell CEO Says Pandemic May Change Oil Business Forever

CEO

Demand for gold ETFs up 300% amid coronavirus crisis

FICCCEOManaging Director

Barclays boss: Government prepared to go 'well beyond' £330bn in business support

EuropeCEOLondon

Barclays' first quarter profit falls by £600m amid coronavirus disruption

Investment BankingEuropeLondon

Standard Chartered eyes recovery in China as profits tumble 12 per cent

AsiaEurope

Oil demand won't recover to 2019 levels until end of 2021

US

Nordea Keeps Long-Term Goals

CEO

Sergio Ermotti: Frying Pan to Fire?

Private BankingEuropeCEO

Credit Suisse ‘Dream’ Client Luckin Coffee Becomes Nightmare

Europe

Billionaire Reuben Brothers Make NYC Push With Bet on Retail

USNew York

Putin’s Business Tsar Attacks Economic Lockdown

Russia/CIS

Deutsche Bank’s Trading Boost Delays Loan Provisions Pain

FICC

BoI resumes foreign currency purchases to weaken shekel

Israel