Financial and Banking News


BMB and Bank Leu Announce Swiss Joint Venture 

The Bahrain Middle East Bank (BMB) last week announced that together with the Zurich-based Bank Leu AG and Aubert et Cie, it is purchasing the Geneva branch of another Zurich-based bank, Anlage und Kreditbank. The deal is effective from 15 June, and the new entity, to be called BMB Trade and Investment Bank, will open for business on 17 June. It will have a capital of SF10mn ($3.8mn),...