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.
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).
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.
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 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.
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.
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.