Bank has US$1.4bn to expand its network.

Region’s M&A at lowest in 12 months.

Deal funds development of African iron ore projects.

Kuwaiti investors to buy chemical company.

Lonmin offers US$309mn loan to save black empowerment partner.

Risk-sharing programme should generate US$2bn in trade per year.

Citi’s global transaction services business has been chosen to provide custody to Majid Al Futtaim Trust and both custody and fund administration to funds managed by Majid Al Futtaim Asset Management.

US banks are scrambling to raise billions of dollars in equity, in order to pay back funds they have borrowed from the US government. Investors, meanwhile, have regained faith in financial stocks.

Bank hires Marie Hong and Jasmine Tan in Hong Kong, Viplav Rathore in London.

Bank names new EMEA payments and receivables head.

French bank’s securities services division appoints new head of commercial, marketing and liquidity management.

Bank makes four new appointments in EMEA global transaction services team.