Bank of Singapore completes acquisition of Barclays’ wealth business
BANK of Singapore (BOS), the private banking unit of OCBC Bank, has completed the acquisition...
Banking & Finance
India’s current account deficit to stay at $10.1 bn in FY17: Citigroup
India’s current account deficit is expected to stay comfortable at $10.1 billion in this financial year, largely on account of likely demand moderation post the demonetisation move, says a Citigroup report. Economic Times According to the global financial services major, the country’s current account could likely widen in fiscal year 201718 to $30 billion or 1.2 per cent of GDP. “Incorporating the October data and...
Malaysia, Indonesia markets roiled as investors scramble for hedge on Trump
Emerging markets in Southeast Asia were slammed on Friday as Donald Trump’s shock victory in...
The new hard to fake Indian Currency denominations of Rs 500 and Rs 2,000 will be available at bank ATMs when they start operating again from Friday, Finance Secretary Ashok Lavasa said today. “There are going to be some difficulties which they (people) will face but for their convenience, a number of steps have been...
ANZ to Sell Asia Retail and Wealth Businesses to DBS
The Wall Street Journal reported that Australia & New Zealand Banking Group Ltd. is further scaling...
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British lender HSBC (HSBA.L) plans to inject $1 billion of additional capital into its combined...
Moody’s Investors Service says that the draft bill on the resolution of financial firms in India...
As world leaders descent in India from Brazil, Russia, China and South Africa for the...
India’s largest private sector lender, ICICI Bank had tied up with Emirates NBD, a leading banking...
The Reserve Bank of India has given a fresh nudge to country’s financial inclusion drive...