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...Born in the Saudi province of Al-Qassim, Rumayyan graduated from a local university before going into banking....
...Additional reporting by Samer Al-Atrush and James Fontanella-Khan in New York...
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...Olive Branch Broadcom chief executive Hock Tan paid $40,000 to have dinner with Chinese leader Xi Jinping....
...or for branch staff....
...“I don’t know if I’d trust them to run a bath,” Trinder said....
...its crown jewels, the food company Nutresa....
...In July, companies listed in Shanghai said Zhongrong, a trust company that Zhongzhi owns a stake in, had failed to make investment payments....
...Getting off the list “restores the global business community’s trust in the UAE to have a robust framework to fight financial crimes”....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...(DD readers may remember him as the investor who recently teamed up with Abu Dhabi’s Sheikh Tahnoon bin Zayed al-Nahyan to win control over Latin American food company Grupo Nutresa.)...
...However, Goldman eked out a year-on-year increase in investment banking revenues. Read the full story....
...The people I talk to in Asia are all asking, ‘OK, so can we now still trust Switzerland?’” Defeated by ice cream, I take a double espresso, and Collardi an Earl Grey tea....
...In 2020 came a breakthrough: the Barclays sold the Ritz to Abdulhadi Mana al-Hajri, a Qatari businessman, for about £750mn....
...Today’s top stories The US Federal Reserve announces its decision on interest rates at 2pm ET/7pm London today. Check back here for details and reaction....
...Monetary policy: US Federal Reserve governor Michelle Bowman will give a speech on banking reforms at a conference hosted by the Fed’s St Louis branch....
...Amid such technicalities as hold-to-maturity bond hedging, it is easy to forget the basic flaw of the banking industry. It depends for its survival on trust outweighing fear in the minds of depositors....
...That’s not a connection you get walking into a bank branch (if in fact you can find one)....
...It means that mostly it’s illegal for American companies to do business with critical sectors of the Iranian economy, things like banking and shipping and oil....
...Staveley’s involvement underscores the trust she has built with al-Rumayyan since helping orchestrate the PIF’s £300mn acquisition of Newcastle United, a deal in which she also acquired a 10 per cent stake...
...It was developed by First Digital Labs, a public trust company, and issued in Hong Kong....
...Saudi Arabia plans to launch a multibillion-dollar investment company within the PIF, two people familiar with the matter told the FT’s Samer Al-Atrush in Dubai and Samuel Agini, to scout more deals in the...
...Elysian also offers a small selection of baked goods — muffins, scones, cookies et al — that are all made in house using butter or olive oil (rather than the mass-produced seed oils often found in commercial...
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