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Banking & Finance
Flat6Labs, Wio Bank ink MoU to enhance SME-centric banking services in Abu Dhabi
In addition to banking services, Wio Bank will provide experts and mentors to support startups in Flat6Labs Ignite’s programme
Flat6Labs, the seed-stage programme and early-stage venture capital firm, and Wio Bank, have signed a…
HSBC To Sell Canada Business To RBC For $10 Billion, Says Report
The sale comes as HSBC pursues a strategy of focusing its resources on its core markets, amid pressure from its biggest shareholder Ping An to improve its performance
HSBC has agreed to sell its business in Canada to Royal Bank of Canada…
No return to ‘business as usual’: Europe development bank
Synopsis
A coming together of events -- including also supply-chain disruptions and extreme weather -- "would be challenging enough for governments and firms if it was spread over a decade or more", noted Beata Javorcik, chief economist at…
Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure
Key Points:
Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group to Apollo Global Management.
The embattled lender said…
Doing Business redux
World Bank’s revamped business climate report should help investors besides furthering research on the topic
After discontinuing its Doing Business indicators in September 2021, which had a good run since 2003 but became controversial,…
DBS Bank plans to triple gold loan business in five years
It is also planning to launch its own proprietary credit card, scale up tie-ups for bancassurance and increase partnerships with NBFCs for co-lending.
Having achieved a significant retail footprint post amalgamation of the erstwhile…
RBI Alert List: Full list of unauthorised forex apps and websites banned by Reserve Bank of India
Full list of forex apps and websites banned for forex transactions by the Reserve Bank of India – Check list of banned forex websites in India
Full list of apps and websites unauthorised for forex transactions in india by RBI: The…
Kotak Institutional expects PVR business to recover, sees 30% upside for stock
Synopsis
As for the September quarter, PVR logged a significant fall in footfalls owing to a number of factors at play. Nonetheless, the brokerage iterated that given the encouraging start to Q3FY23 and the strong movie pipeline, PVR could…