Emirates NBD's appointment of a senior Standard Chartered banker with Asia experience as its new group chief executive reinforces the trend of Gulf-based banks looking beyond their own region for ... more 
Emirates NBD's appointment of a senior Standard Chartered banker with Asia experience as its new group chief executive reinforces the trend of Gulf-based banks looking beyond their own region for their next growth phase. Shayne Nelson, currently based in Singapore as the British-based lender's head of private banking, will assume the top job at Dubai's largest lender when current CEO Rick Pudner leaves at the end of the year. Stock index futures rose, indicating the S&P 500 may halt its recent selloff after comments from China's central bank eased recent concerns about a credit crunch in the world's second largest economy. The People's Bank of China said it would guide market rates to reasonable levels and expected seasonal factors which caused a recent spike in interbank market rates to gradually fade. Jens Weidmann, a top European Central Bank official is calling for a "strict and thorough" review of bank finances before the ECB takes over from national regulators as Europe's top financial supervisor. less 
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Wochit
Tue, Jun 25, 2013 12:04 PM EDT