Dieter Jentsch, head of international banking at Bank of Nova Scotia, is taking over as group head of global banking and markets at Canada’s third-largest bank when longtime executive Mike Durland retires.
The transition will take place over the next few months, Scotia said in a statement Wednesday.
Ignacio “Nacho” Deschamps, an international banking executive who is currently strategic adviser to Durland, will fill Jentsch’s job.
NEW DELHI: Global brokerage firms such as CLSA, Credit Suisse, JPMorgan and Morgan Stanley in separate notes to their clients have upgraded Biocon and maintained their positive stance on HDFC, Fortis Healthcare and Sun Pharma. In the past one week, the beta rally lost steam and fundamentals are coming to the fore to influence market proceedings, said analysts. The Reserve Bank of India slashed the repo rate by 25 bps on expected lines but a bigger trigger would come from the March quarter earnings season.
Credit Suisse's technology-banking team is being picked apart.
The group has lost six managing directors and one director so far this year, including the bulk of the West Coast tech mergers-and-acquisitions team.
MUMBAI: Finance and banking firms, big and small, are raising large sums of money from foreign investors jousting for a slice of action in the world's fastest-growing major economy. Indian financial services firms delivered the second-highest return on invested capital for private equity firms during 2009-13, a recent study by global consultancy firm McKinsey & Co showed.
NEW DELHI | BENGALURU | MUMBAI: Private equity funds and non-banking finance companies secured exits worth $633 million from their investments in the Indian real estate sector in the first nine months of 2015, an over seven-fold jump over the $84 million worth of exits in the year-ago period, according to data from Venture Intelligence. This has been the best year so far since 2012 when the sector saw exits worth $1,022 million in the nine months to September.
This is a tricky period for asset markets, warns Citi's Steven Englander. Positioning still reflects a risk-on view but the risk-on enthusiasm is in EM, equities and Asia rather than peripheral Europe. Investors are still long risk, despite the geopolitical tensions and Fed Chair Yellen’s modest nod to the risk of faster than expected tightening, Englander cautions, concluding that investors continue to anticipate a soft landing despite all the discussion to the contrary. Via Citi's Steven Englander,
Portland, Ore.'s Simple is a retail banking startup that effectively replaces your bank, providing you with a debit card, free access to thousands of ATMs, and a really sharp smartphone app to help manage your money. The company earned rave reviews (including one from Business Insider), and was repeatedly hailed as the future of banking after it was founded in 2009.
(Reuters) - Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes. The third-largest U.S. bank tried to buy the foundering Wachovia Corp in the fall of 2008 in part because the deal would have brought it more taxable domestic income, a person familiar with the matter said.