Latest News for: Investment banks

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Foreign funds allowed to hold 51 per cent in IDBI

The Telegraph India 06 Dec 2022
The Centre on Tuesday clarified that a consortium of foreign funds and investment entities owned by foreign investors can buy a majority stake in IDBI Bank ... Some analysts say it will pave the way for the Alternative Investment Funds to bid for a controlling stake in the bank.
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Hamilton Reserve Bank Dubai Branch Welcomes Saint Kitts and Nevis Prime Minister As the Only Middle East Banking Presence from the Federation

Egypt Commercial News 06 Dec 2022
Kitts and Nevis welcomes new citizens and new investments.Participating in the Prime Minister’s event were Hamilton Reserve Bank Dubai Branch multilingual Relationship Managers Ms ... Hamilton Reserve Bank offers a broad range of personal banking, business banking, and investment solutions.
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Govt to allow foreign funds to own over 51% in IDBI Bank

The Times of India 06 Dec 2022
The Indian government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd ... Bank, the Department of Investment and Public Asset Management said in a response to interested bidders' queries.
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India to allow foreign funds to own over 51% in IDBI Bank

The Times of India 06 Dec 2022
The government will allow a consortium of foreign funds and investment firms to own more than 51% in IDBI Bank Ltd, according to a government clarification on Tuesday ... The central bank's residency criteria for promoters applies ...
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EVANSVILLE, INDIANA'S FORGE ON MAIN DEVELOPMENT SUPPORTS COMMUNITY VISION FOR AFFORDABLE WORKFORCE HOUSING, RETAIL SPACE ...

Longview News-Journal 06 Dec 2022
with investment from Woodforest CEI-Boulos Opportunity Fund, a partnership between Woodforest National Bank and CEI-Boulos Capital Management ... Woodforest National Bank ... Impact Investing Alliance, the Beeck Center at Georgetown University, and the Federal Reserve Bank of New York.
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Centre to allow foreign funds to own over 51% in IDBI Bank

Live Mint 06 Dec 2022
According to a government clarification on Tuesday, the Central Government will be allowing a consortium of foreign funds and investment companies to own over 51% in state-owned IDBI Bank Ltd.The current Reserve Bank of India (RBI) rules restrict foreign ownership in new private ...
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Saudi crown prince to invest in Credit Suisse, says report

Dawn 06 Dec 2022
Saudi Crown Prince Mohammed bin Salman is considering investing around $500 million in a new Credit Suisse investment bank spin-off, CS First Boston, according to The Wall Street Journal ... its investment banking unit, at the heart of a string of scandals.
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Did the cabal of mega-rich climate zealots sway Rishi Sunak?

Principia Scientific 06 Dec 2022
He too has a link to the banking world, being on the board of the UK Green Investment Bank Commission ... Contrary to the Green Investment Bank’s climate agenda, this group promotes investments in the mining industry, petrochemicals and oil products ... Yet again, we have a COP26 Friend with a link to the banking industry.
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Genetics & mimetics: Why professional investors miss PSB-like rallies

The Times of India 06 Dec 2022
The Nifty PSU Bank index is up close to 60% over the past year, and 40% over just the past two months ... That brings me to the topic at hand – the PSU banks ... , Bank of Baroda. , Canara Bank. , Punjab National Bank. and Union Bank ... The meme theory explains why many investors have never invested in PSU banks even when presented with an excellent opportunity.
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Banks in Central, Eastern and South-Eastern Europe expect demand for credit to rise (EIB - European Investment Bank)

Public Technologies 06 Dec 2022
The European Investment Bank (EIB) published the Bank Lending Survey with a focus on Central, Eastern and South-Eastern Europe (CESEE) ... Parent banks ... About the EIB CESEE bank lending survey ... EIB - European Investment Bank published this content on 06 December 2022 and is solely responsible for the information contained therein.
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Goldman Sachs Ready to Inject Millions to Invest in Crypto Firms

Coinspeaker 06 Dec 2022
American multinational investment banking giant, Goldman Sachs Group Inc (NYSE ... Despite the growing demand for crypto products and services from the public, HSBC CEO Noel Quinn said emphatically that the bank has no plans to offer any form of crypto trading or investment activities to its retail customers.
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Ovialand secures P600-m loan from Security Bank

Manila Standard 06 Dec 2022
... it obtained a P600-million loan facility from Security Bank Corp ... SB Capital Investment Corp., the wholly-owned investment banking unit of Security Bank, arranged the loan facility that was fully taken up by Security Bank.
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Hot Stocks: Morgan Stanley raises target price for Bank of India, Bank of Baroda

The Times of India 06 Dec 2022
PSU Banks have been on buyers’ radar since June, with many stocks clinching fresh highs. Global investment bank Morgan Stanley maintained its overweight rating on Bank of India. , Bank of Baroda ... , and Underweight rating on Canara Bank ... The global investment bank is of the view that PSU banks have been benefitting from the ongoing recovery cycle.
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Korea Investment expected to take over KakaoBank stake

Korea Times 06 Dec 2022
Currently, Korea Investment Holdings ― the parent company of Korea Investment ― holds a 4-percent stake in KakaoBank, while Korea Investment Value Asset Management ― a subsidiary of Korea Investment ― owns 23.18 percent of the digital bank. Altogether, Korea Investment's related ...
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World Bank raises India’s FY23 growth forecast to 6.9%

Financial Express 06 Dec 2022
The Bank itself had trimmed its growth forecast for India in October to 6.5% from 7.5% ... World Bank revises upwards India’s GDP growth forecast to 6.9% for FY23 ... The government is also expected to introduce new production-linked investment incentives and fiscal measures to encourage foreign investment in various sectors of the economy,” the Bank said.

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