Edelweiss to buy JPMorgan’s mutual fund business in India
JPMorgan AMC is the seventh foreign company to sell off its mutual fund business in India. Photo: AFP Mumbai: Edelweiss Asset Management Ltd, a unit of Edelweiss Financial Services Ltd,…
Standard Chartered said to curb $2 billion diamond exposure
Though diamonds account for less than 1% of Standard Chartered’s $261 billion of loans, gemstones haven’t escaped the scrutiny of CEO Bill Winters. Photo: AP London: Standard Chartered Plc is…
Credit Suisse to axe 2,000 more jobs as revenue slumps
A file photo of the Credit Suisse office in Milan. This year investment banking revenues have been hit by record low interest rates. Photo: Reuters Zurich: A slump in investment…
RBI eases liquidity coverage ratio norms
Photo: Pradeep Gaur/Mint Mumbai: The Reserve Bank of India (RBI) gave bankers more flexibility in maintenance of liquidity coverage ratio (LCR) under Basel III by tweaking certain norms and allowing…