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When staff complain, they deserve a fair hearing, not a wall of silence
Fahy will also lead asset-based finance origination
Hire comes from law firm, Mayer Brown, where he was also a partner
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China experienced its first debt defaults in 15 years when Shanghai Chaori and property company Zhejiang Xingrun Real Estate Company failed to make respective debt payments in March. Other borrowers will follow, which could be a good thing if Beijing manages it well. -
The Central Bank of Bahrain has begun a consultation with the kingdom’s Islamic banks on new rules designed for what it terms “special murabaha” financing contracts by the banks.
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Ian Gilday will join Morgan Stanley as co-head of EMEA leveraged finance in the summer, after gardening leave.
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Mark Catton, head of UK corporate banking at Royal Bank of Scotland, is leaving the bank, GlobalCapital understands.
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The first quarter for loans has ended on a high with Asia Pacific ex Japan volumes totalling $99.2bn, up by 19% year on year and also the highest volume since 2011. Much of this is though is thanks to activity in Hong Kong, where borrowers have captured a large slice of the pie.
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In support of its bid to become the centre of Islamic economy, Dubai has launched a murabaha platform.
