Banks (Finance)
The Royal Bank of Scotland is facing a brain drain as two of its senior executives depart to join rival financial institutions. John Davison, who headed RBS' strategic investment group for four years, has left to join private equity firm KKR to run Pillarstone, its new platform for debt
Banks (Finance)
HDFC Bank, India's second-largest private bank, and Canara Bank, the fifth-largest public sector bank, have announced reductions in their minimum lending rates in a move that could trigger another round of interest rate reductions by banks. HDFC Bank cut its base rate by 35 basis points to 9.
Banks (Finance)
As the Reserve Bank of India (RBI) prepares to announce in-principle licenses for small business banks, the Indian banking sector is poised for a significant transformation. With eleven payments banks, four foreign banks seeking local incorporation, and many more expected to follow suit, the industry is bracing for a new
Banks (Finance)
South Carolina Republican Senators Lindsey Graham and Mick Mulvaney are engaged in a heated battle over the fate of the Export-Import Bank, a lender to American exporters that has been a target of conservative criticism. Graham, who is running for the Republican presidential nomination, has taken a lead in Congress
Banks (Finance)
As the reauthorization of the Export-Import Bank comes up for a vote, the Republican Party is deeply divided over its role in the economy. Senator Lindsey Graham, a South Carolina Republican and presidential candidate, supports the bank, citing its importance to the state's economy and the jobs it
Banks (Finance)
Royal Bank of Scotland's CEO for Commercial and Private Banking, Alison Rose, has outlined the bank's strategy for supporting small businesses and entrepreneurs through the launch of accelerator hubs across the UK. The initiative aims to provide mentorship, advising, and space for start-ups, with the goal
Banks (Finance)
India's state-owned banks will have to sacrifice growth for some time due to their continued challenges on capital despite the government's recent infusion of funds into nine public sector lenders. Global credit rating agency Fitch Inc. estimates that these banks will need 85% of the $200
