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Bank of America to hire 50 bankers for Asia dealmaking team in 2020: Sources
Bank of America's (BofA's) Asia headcount expansion comes against the backdrop of a subdued recruitment outlook for the broader investment banking business as global lenders grapple with cost pressures and slowing M&A momentum.
Power Grid plans public InvIT to raise Rs 10k cr
The issue is likely to open for subscription before the end of FY20.
Avendus Capital: An unlikely success story of a homegrown investment bank
Homegrown Avendus Capital has stitched up an unlikely success story...
Uday Kotak feels bankers need humility to make it big
The Kotak Mahindra Bank MD credits his middle-class values for personal and professional growth.
Suspected big bank fraud cases to be vetted by panel before probe
The panel will function as the first level of examination for all alleged cases of fraud involving Rs 50 cr or more.
GJC seeks reduction in gold import duty in the upcoming Union budget
Mr. Shaankar Sen, Vice Chairman, GJC, said, “The high import duty on Gold has increased socio-economic menace in the country in the form of smuggling of alarming proportions and the re-emergence of unorganized/illegal channels for procuring gold.
2 decades ago, between 2 bankers - V Vaidyanathan and N Vaghul - existed a parable universe
The narration happened when Vaidyanathan joined ICICI as head of retail lending business.
Sitharaman allays fear of 'three Cs' among bankers
Sitharaman said the Centre was doing everything to instill a sense of protection among bankers.
Prudent decisions will be protected, FM Nirmala Sitharaman tells bankers
Sitharaman, in a meeting with top executives of public and private sector lenders attended for the first time by the CBI director, Rishi Kumar Shukla, assured the bankers that a distinction would be made between genuine commercial failures and culpability. She further added that there had been concerns and worries among bankers about investigative agencies.
HDFC to tap Egon Zehnder to identify Aditya Puri's successor
HDFC Bank will retain global executive search firm Egon Zehnder to find a successor to MD Aditya Puri.
Loan fraud case: No wrongdoings found in functioning of Carnation Auto by bankers, says ex-Maruti chief Khattar
Khattar, who has been booked by the Central Bureau of Investigation (CBI) for an alleged bank loan fraud of Rs 110 crore, said no lapses in operations or financial management were found in the company by the investigating audit authorities and expressed hope that he will be vindicated once the probe is over.
Masayoshi Son’s bankers are worried about their favorite client
Son’s recent string of stumbles has tested banks’ commitment to the new model. Tumbling valuations for marquee holdings including WeWork and Uber Technologies Inc. led SoftBank to report a nearly $6.5 billion operating loss in the fiscal second quarter, its first in 14 years.
Sebi asks InvITs to file draft papers 30 days before opening of issue
The draft placement memorandum shall be filed through a Sebi registered merchant banker.
The Wall Street bankers who burst Aramco’s $2 trillion bubble
For Wall Street, already stung by the collapse of WeWork’s IPO, Aramco is another embarrassment.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
