The issue of impaired assets may be far from over for the banking system as gross non- performing assets have grown by 34.5 percent in the Dec quarter, says a report.
Bankers may be given a cribsheet to help the industry push for close ties with the EU following Brexit, according to a document.
Citigroup wants to hire up to 20 bankers in Saudi Arabia, where it plans to formally begin operations in the after obtaining an investment banking licence.
Top U.S. bankers are still hoping the President Trump’s administration will make policy changes to boost profits, but made clear in public comments in recent days.
While most London-based bankers are brushing up on their German to prepare for a move to Frankfurt post-Brexit, senior staff at French investment banks to say “Oui”.
When the global financial crisis erupted in 2008, some expat French bankers who lost their jobs in London returned home to collect unemployment benefits .
Fresh worries over competition hit Ahold and other European retail stocks in opening deals as the broader market inched higher ahead of speeches by central bankers.
The world’s top central bankers gather in Jackson Hole, their confidence bolstered by a sustained return to economic growth that may eventually allow the ECB.
World stocks steadied after two turbulent weeks as geopolitical worries eased in Asia and caution prevailed on the day the annual Jackson Hole gathering.
Gold nudged lower, giving up some of its gains made after US President Donald Trump's threat of a government shutdown.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months