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Top News In சிட்டி முதலீடுகள் மூலதனம் லிமிடெட் Today - Breaking & Trending Today

JPMorgan Requires Employees To Return To Their Offices By July, Striking A Blow To The Remote-Work Trend

Jamie Dimon, the well-respected CEO of JPMorgan, called for his employees to return to the office. This time, it seems real.
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HSBC India: HSBC remains bullish on India, to grow local business

MUMBAI: HSBC has retained its growth forecasts for India despite the second wave of Covid and has said that it intends to grow its business in the country. The bank, which has around 39,000 employees here, gets a big chunk of revenue from the country and sees it as the third-largest economy by 2030.
Speaking to TOI, HSBC India CEO Surendra Rosha said, “We do not see short-term challenges with regard to things related to Covid dislocating our strategy.” Even as multinational rivals like Citi have announced their exit from the consumer business in India amid the pandemic, HSBC has said that it is going the other way. ....

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Insider finance: JPMorgan's tech overhaul plans

Insider finance: JPMorgan s tech overhaul plans
ddefrancesco@businessinsider.com (Dan DeFrancesco,Jordan Parker Erb)
© Shannon Stapleton/Reuters
US stock markets hit new all-time highs this week, but were set to fall on Wall Street on Friday Shannon Stapleton/Reuters
Good morning and welcome to Insider Finance. I m Dan DeFrancesco, and here s what s on the agenda today:
Inside the super-secretive world of investment consultants, the powerful group that advises the biggest asset managers.
JPMorgan Chase is hiring engineers to overhaul its massive deposit system.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco. ....

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Citibank India: Citi India's $2 billion retail business worth tops in Asia: Report

MUMBAI: Macquarie Research has valued Citibank’s India retail business at around $2 billion, based on their Basel III disclosures in the country. This makes India the most valuable business among the 10 markets in the Asia-Pacific where Citi plans to exit consumer business. These 10 markets are collectively valued between $6.3 billion and $8 billion by Macquarie.
According to a report by the Australian bank, going by SBI Card’s valuation, Citi’s 2.7 million cards would imply a figure of $2.7 billion. “This is above the top end of our valuation… To the the extent that a single buyer is able to purchase multiple businesses at once, we would expect some sort of valuation discount in order to expedite Citi’s exit,” the report said. ....

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Citi Elevates Senior Hong Kong Investment Banker

Citi Elevates Senior Hong Kong Investment Banker
finews.asia - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finews.asia Daily Mail and Mail on Sunday newspapers.

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