Honda recalls 900,000 Odyssey minivans; 2nd row seat may tip

A 2017 Honda Odyssey minivan is shown in this image. Honda is recalling 2011-17 models of the minivan in the US to fix a glitch. (Photo courtesy of Honda Motors)
Updated 18 November 2017
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Honda recalls 900,000 Odyssey minivans; 2nd row seat may tip

NEW YORK: Honda is recalling about 900,000 of its Odyssey minivans because the second-row seats may tip forward if not properly latched.
The recall announced Saturday covers vehicles from the 2011-17 model years. About 800,000 of the affected minivans were sold in the United States.
Honda says it has received 46 reports of minor injuries related to the issue.
It says the Odyssey’s second-row seat may tip forward during moderate to heavy braking if it isn’t properly latched after adjusting it side-to-side or reinstalling a removed seat.
The company is working on a way to repair the issue and says it will notify owners when one is available. It will be free. Until then, Honda has put instructions for properly latching the seat on its website for owners.


Abu Dhabi Commercial Bank picks Barclays to advise on merger

Updated 15 November 2018
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Abu Dhabi Commercial Bank picks Barclays to advise on merger

  • Potential merger involves ADCB, Union National Bank (UNB) and Al Hilal Bank
  • A merger of the trio could create an entity with around $113 billion in assets

ABU DHABI: Barclays has been appointed by Abu Dhabi Commercial Bank (ADCB) to advise on a potential merger plan involving Union National Bank (UNB) and Al Hilal Bank, banking sources told Reuters.
The merger, announced by the banks in September, is the latest consolidation among state-owned companies in the United Arab Emirates’ (UAE) capital.
ADCB, majority owned by the Abu Dhabi government and the second largest bank in the emirate after First Abu Dhabi Bank (FAB), declined to comment. Barclays also declined to comment.
If it goes ahead, a merger of the trio could create an entity with around $113 billion in assets, according to Refinitiv data, and the UAE’s third-biggest lender after FAB and Emirates NBD.
A separate source said two banks could be created out of the consolidation, with the conventional banking units of ADCB and UNB merging to create one lender.
Another could be formed through combining the Islamic banking units of ADCB and UNB, along with Al Hilal.
AlKhaleej newspaper reported the same arrangement was being considered last month, citing sources.
The tie-up was at an early stage, UAE Central Bank governor Mubarak Rashed Al-Mansoori told reporters last week on the sidelines of a conference, adding he expected more consolidation in the future.
FAB was created by last year’s merger between National Bank of Abu Dhabi and First Gulf Bank.
The emirate of Sharjah is weighing a merger between three of its banks — Bank of Sharjah, Invest Bank and United Arab Bank, Reuters reported in September, citing sources.