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
HSBC Sri Lanka has agreed to sell its retail banking business to Nations Trust Bank PLC (NTB) in a landmark deal valued at LKR 18 billion. The transaction, announced today, includes HSBC’s
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New Zealand is poised to appoint a woman to lead its central bank for the first time, a move aimed at restoring credibility after a period of leadership turmoil, according to a
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Sherard Cowper-Coles, HSBC Holdings Plc’s former head of public affairs, is reportedly considering a senior role at the Asian Infrastructure Investment Bank (AIIB) in Beijing, according to people familiar with the matter,
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JPMorgan Chase & Co. is ramping up its mid-cap banking operations in Austria and central Europe, targeting private and family-owned businesses with dedicated relationship managers. The U.S. banking giant has appointed Philippe
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Deutsche Bank (NYSE:DB) Chief Executive Officer Christian Sewing is facing a multimillion-pound lawsuit brought by former employees who claim that a flawed internal audit, overseen during his tenure as chief auditor, damaged
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by Our Correspondent in Colombo A Sri Lankan state-owned bank has reportedly refused to open an account for a Russian diplomat posted in Colombo, drawing attention to possible implications for Sri Lanka’s
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Bank of America Corp. is preparing a shake-up of its senior leadership as it looks to narrow the pool of potential successors to Chief Executive Officer Brian Moynihan, Bloomberg reported, citing people
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China is preparing to address a massive backlog of unpaid bills owed by local governments to the private sector, estimated by some sources to exceed $1 trillion, according to people familiar with
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When HSBC Holdings Plc’s departing chief executive Noel Quinn walked out of the bank’s London headquarters for the final time in September 2024, he shared a heartfelt hug with his successor, Georges
More JPMorgan Chase has hired a record number of senior commercial and investment bankers over the past year, in a sweeping recruitment campaign aimed at boosting its market share across key sectors and
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