Punjab National Bank ​appoints i-bankers for stake sale in housing arm

Jul 16 2018

Struggling to raise growth capital following a monutnain of bad loan provisions, state- run Punjab National Bank (PNB) has appointed merchant bankers to sell a controlling stake in PNB Housing Finance, a top bank official has said.

Beware the reach of Her Majesty's taxman, Brexit bankers told

Jul 16 2018

Financial workers weighing up offers to move to Europe after Brexit may find out that relocating is financially more complicated than they bargained for thanks to the long arm of Her Majesty’s Revenues and Customs (HMRC).

Ocado warns of bigger 2018 loss on investment, bonuses

Jul 10 2018

British online supermarket Ocado warned its pretax loss this year would likely be larger than market expectations due to a step up in investment and management bonuses.

Central bankers pour cold water on EU spending ambition

Jul 05 2018

Two euro zone central bankers poured cold water on Thursday on ambitions to give the European Union more powers to spend common cash when the economy sours.

BAML moves senior London bankers to Paris ahead of Brexit

Jun 26 2018

BAML is shifting three of its most senior UK-based bankers to Paris, as part of Brexit reorganisation plans aimed at ensuring “seamless” service to its EU clients after Britain quits the bloc in Mar.

UK financial sector wants global talent on tap after Brexit

May 21 2018

Costs for hiring bankers, accountants and lawyers from outside UK will soar after Brexit and threaten London’s standing as a global financial centre unless the immigration system is urgently reformed.

Lead by PSBs, NPAs soar 34.5% in Q3; pain to linger on: Report

Feb 13 2018

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 get notes to help push industry line on Brexit

Dec 16 2017

Bankers may be given a cribsheet to help the industry push for close ties with the EU following Brexit, according to a document.

Citigroup plans hiring drive as it re-enters Saudi Arabia

Oct 25 2017

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.

US bankers hold onto hopes that Trump will boost profits

Oct 18 2017

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.

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