Recent Posts

Brexit cost every British household £1,000: BOE

Bloomberg A Bank of England (BOE) policy maker has warned that a wave of business investment was “stopped in its tracks” by Brexit, dealing a blow to the UK economy worth £1,000 ($1,204) per households. Jonathan Haskel, an external member of the Monetary Policy Committee, said that the UK “suffered much more” from its productivity woes since exiting the European ...

Read More »

Kotak Mahindra Bank mulls insurance unit stake sale

  Bloomberg Kotak Mahindra Bank Ltd, backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter. The lender is working with Morgan Stanley on the potential sale of a stake in Kotak General Insurance which could raise as much as a few hundred million dollars, the people ...

Read More »

Credit Suisse CEO fights on all fronts as he faces lost year

  Bloomberg When Ulrich Koerner unveiled a plan to salvage Credit Suisse Group AG in October, the chief executive officer promised to create a new bank. His subsequent failure to reverse a stampede of client funds has raised doubts that “new” means “better.” Credit Suisse lost an unprecedented 111 billion Swiss francs ($120 billion) worth of assets during the three ...

Read More »
Send this to a friend