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It will take time for Saxo Bank to pursue the clients who lost millions of its money in the Swiss franc's January surge, the Danish bank's Chief Financial Officer said, puncturing any hopes of a quick settlement. Saxo, amongst the biggest players in easy access online currency trading for individuals, is owed around $100 million by clients who had leveraged bets on the franc to weaken against the euro when Switzerland removed a cap on the currency on January 15.

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.80-77.80 (previous 77.80-77.80).
Investors should hold on to banks and cyclical stocks and use any panic selling around the May 7 UK election to buy up more shares, said one of Britain's best-known fund managers. Richard Buxton, head of UK equities at Old Mutual Global Investors (OMGI), said he expected the vote next month to result in a continuation of the current Conservative/Liberal Democrat coalition.
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Sunday while the currency strengthened on the black market. The central bank has kept the official exchange rate steady for more than two months since letting the pound weaken at the beginning of 2015. This step and other measures have helped to reduce black market trading significantly.
Swiss bank UBS is looking to grow wealth assets in Asia-Pacific to the tune of 15 percent annually as it builds its presence in China and consolidates its leading position in the region. With 269 billion Swiss francs ($280.4 billion) of invested assets, UBS ranks as the biggest wealth manager in Asia-Pacific. Last year, it attracted nearly 27 billion Swiss francs of net new assets in Asia, confirming it as the fastest-growing region for a wealth management business in which it is the global leader.
Doha Bank, Qatar's fifth-largest lender by assets, reported a 5.2 percent increase in first-quarter net profit on April 20, beating analysts' expectations. The lender made a net profit of 420.2 million riyals ($115.4 million) during the period, a bourse filing said, compared with 399.3 million riyals in the same three months a year ago.
Bankers at China's top state lenders are quitting in increasing numbers because of cuts to their pay and perks, and moving to a new breed of financial firms such as leasing companies, trusts and online platforms, bankers and head-hunters say. As part of an austerity, anti-graft drive, Beijing last year dictated pay cuts of up to a half for senior-level state bankers. Some state-owned lenders have since quietly cut salaries across the board.


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln