UAE: Rakbank chief executive-elect quits

The man supposed to take over as chief executive at the National Bank of Ras Al-Khaimah (Rakbank) has reportedly quit, not long after the bank was the victim of a massive global bank card fraud. News agency Reuters quoted two sources within the bank as saying Ian Larkin – who was to take over from outgoing chief executive Graham Honeybill in July – left just six weeks after arriving at the bank.