Saudi Arabia’s fintech licensing boom hits 261 firms as Gulf regulators race to widen digital finance access
Saudi Arabia’s fintech sector has reached 261 firms, while SAMA starts licensing open banking players.
ASEAN banks stay resilient despite tariff and FX shocks, but provisioning is set to rise
ASEAN banks remain resilient, yet weaker credit conditions point to higher provisions ahead.
Job axe swings across Asia banking sector as foreign banks tighten costs and trim headcount
Senior bankers are moving again, but the broader sector still faces another round of job cuts.
UAE banks keep 17% capital adequacy and 146.6% liquidity coverage as conflict risk rises
The UAE central bank says banks remain resilient, with assets above AED 5.42 trillion.
Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow
Citi and Standard Chartered evacuate Dubai staff while HSBC temporarily closes Qatar branches.
Iranian military warns Middle East banks are now targets, rattling Dubai’s financial hub
Iran’s military warns that banks linked to the US and Israel are now valid regional targets.
CSX replaces CEO Joe Hinrichs with Steve Angel in immediate leadership shift
CSX appoints Steve Angel CEO replacing Joe Hinrichs effective immediately.
Nestlé USA taps Martin Thompson as CEO to drive North American growth
Nestlé appoints Martin Thompson CEO Nestlé USA to accelerate 5% growth target.
Starbucks appoints Brian Niccol as Chairman and CEO, succeeding Laxman Narasimhan
Starbucks hires Brian Niccol as CEO and Chairman to reverse 12 consecutive US traffic declines.
LVMH names Pietro Beccari CEO of Fashion Group alongside Louis Vuitton leadership
Pietro Beccari adds LVMH Fashion Group CEO to Louis Vuitton CEO duties.
