by Our Correspondent in Colombo Serious allegations have emerged in Sri Lanka against Hatton National Bank (HNB), a prominent private sector bank, with multiple customers claiming that the institution has been quietly
Daniel Chu was vacationing in Italy when his phone rang with the call that would end his career. On the line was a banker from JPMorgan Chase & Co., the financial giant
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SoftBank Group Corp.-backed Lenskart Solutions Ltd. is set to make its trading debut in Mumbai after a highly anticipated initial public offering that raised 72.8 billion rupees ($821 million), according to Bloomberg.
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Investment bankers are proposing a valuation of up to $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of what could become one of India’s largest initial
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The Reserve Bank of India (RBI) is set to meet select primary dealers and banks on Tuesday to discuss current market conditions, three traders told Reuters. The move comes amid concerns that
More JPMorgan Chase has appointed long-time executive Jay Horine to lead its ambitious $1.5 trillion investment fund aimed at bolstering U.S. national security industries, according to an internal memo seen by Reuters. The
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India’s initial public offering market is experiencing an unprecedented surge, driven largely by domestic investors, according to data compiled by Bloomberg. LG Electronics India Ltd.’s $1.3 billion IPO on October 7 sold
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PricewaterhouseCoopers (PwC) has cut the size of its global workforce for the first time since 2010 and scrapped a five-year hiring target, after investing more than $1 billion last year to accelerate
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HSBC Holdings Plc reported third-quarter revenue that surpassed analyst expectations, driven by strong performance in its wealth management businesses, even as a $1.1 billion provision tied to the Bernard Madoff fraud cases
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The Central Bank bond scandal of 2015 remains Sri Lanka’s most notorious financial fraud, and its transnational ramifications continue to test the limits of international law. Despite Sri Lanka’s decade, long pursuit
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JPMorgan Chase has asked a US court to terminate its obligation to pay the legal fees of Charlie Javice and Olivier Amar, executives convicted of defrauding the bank, highlighting a lingering complication
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