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Infoupdate Alhilalbank Ae Form

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and the consolidation of the US banking sector rolls on this morning ABCB Abu Dhabi commercial bank confirmed that it would be swapping shares with Union National Bank UNB to create a new entity that would then be acquiring the privately owned Al Hilal Bank UMB CEO has stepped down or retired and the Group CEO of Abu Dhabi commercial bank will become the new CEO of the new entity the new lender will have 114 billion dollars of assets making it the fifth largest bank in the region we don't know right yet right now about any potential job losses although that probably will become better known in the coming days the transaction or merger is expected to close in the first six months of this year elsewhere while way the Chinese technology maker has refuted allegations by the us that it has obstructed justice stolen technology and committed bank fraud on Monday night US lawmakers filed charges against the Chinese company of fraud and theft after a long battle over whether Huawei was

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