Accenture report says blockchain technology can cut costs for investment banks by $8 to $12 billion a year
Blockchain technology could help the world’s largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025.
Budget carrier IndiGo is in talks with several investment bankers for its upcoming $400 million ( Rs 2,500 crore( initial public offering. According to a report in CNBC-TV18, JM Financial, Deustche Bank, Axis Capital and some global bankers are travelling to Paris this week in order to pitch for the mandate. <br />
A US regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing.<br /><br />
Bombay Stock Exchange (BSE) has chosen 14 banks for its initial public offering in the first half of 2013, Ashishkumar Chauhan, managing director and chief executive officer at the exchange, told Reuters on Thursday.
Banking major Barclays plans to cut 600 jobs in India by next year as it cuts down on its lending activities in India. The bank might also sell its SME business facing tough competition from Indian rivals.
The macro position for China and Korea is infinitely better than India. It does have inflation issues, it still has record fiscal position and has one of the highest interest rates in emerging markets. And, in addition, valuations are expensive, said the investment firm
Starting late last year, JPMorgan Chase & Co reduced the amount of hedging it was doing to contain potential losses, according to a top federal regulator.
Berlin Banking sector is set to consolidate globally with only five or six lenders emerging as major players and Deutsche Bank should be among them, says Anshu Jain.
Anshu Jain has taken over as the first India-born co-chief executive of Deutsche Bank, marking the beginning of a new era in the German lender's 142-year history amid hopes that he would take the orgainsation to new heights globally.
The Bank sold profitable securities to offset losses to avoid a hit in the second quarter earnings. But experts believe that they made a stupid mistake by taking risks with derivatives they did not understand.
JPMorgan's $2 billion-plus trading loss raises serious questions about whether the regulators were asleep at the wheel or whether it is too much to expect them to keep up with the financial engineering conducted by complex institutions with diverse, global operations.
In a sign of the times, Morgan Stanley joined the legions of financial firms shedding jobs by announcing plans on Thursday to eliminate 1,600 jobs.