BIS: lagging interbank lending slows markets

GCC single currency in doubt The United Arab Emirates (UAE) has withdrawn its support for a single Gulf currency because other members of the Gulf Co-operation Council (GCC) do not want the central bank to be based...

Westpac in London hire Soren Klausen has joined Westpac in London as a director in institutional sales. He will start at the bank in early June, joining from Merrill Lynch in London, said Keith McCann, Westpac's...