Sudan's oldest bank hopes to sell $100 million-worth for local businesses as the country's economic outlook improves in the wake of an oil deal with South Sudan.
Bank of Khartoum to restart sukuk sales [Gulf Times]
Patience and dodgy deals needed to cash in Sudan bourse gains [Reuters]
Billionaire investor and Berkshire Hathaway chairman and CEO Warren Buffett says he is "salivating" to make another major acquisition; a potential shopping list.
Morgan Stanley reported a net loss on a sharp improvement in operating earnings as it had to take a large accounting charge to reflect the change in value of its debt.
Citi lifer Michael Corbat takes over as chief executive of Citigroup from the suddenly departed Vikram Pandit having held a succession of 'clean-up' jobs, earning a reputation as a strong if low-key manager, experience he will need to draw on as the third-biggest bank in the U.S. still struggles to get itself back in shape.
Chief Executive Vikram Pandit has resigned effective immediately, the company says, to be replaced by Michael Corbat, an abrupt change that has flushed out reports of strategic disagreements between Pandit and Citi chairman Michael O'Neill.
A $4.7 billion writedown of stake in a brokerage sold to co-owner Morgan Stanley offsets improved earnings from increased mortgage lending and a rebound in capital-markets business.
Royal Bank of Scotland is considering whether it might be allowed to retain its 316 U.K. retail bank branches after the collapse of their Brussels-mandate sale to Banco Santander.
