Banking

Mohammed Abdul Maleque, Vice-Chairman, First Security Islami Bank Limited, presiding over its 18th AGM at Kurmitola Golf Club in the city on Sunday. The AGM approved 5pc cash and 5pc stock dividend for its shareholders for the year 2016. Syed Waseque Md A

Posted by BankInfo on Mon, Jul 24 2017 09:13 am

Mohammed Abdul Maleque, Vice-Chairman, First Security Islami Bank Limited, presiding over its 18th AGM at Kurmitola Golf Club in the city on Sunday. The AGM approved 5pc cash and 5pc stock dividend for its shareholders for the year 2016. Syed Waseque Md A

news:new nation/24-jul-2017

Mosleh Uddin Ahmed, Managing Director (c.c.) of NCC Bank Limited, inaugurating the "68th Foundation Training Course for its Officers" at its training institute on Sunday. Deputy Managing Directors Md. Fazlur Rahman and Md. Habibur Rahman were present amon

Posted by BankInfo on Mon, Jul 24 2017 09:05 am

Mosleh Uddin Ahmed, Managing Director (c.c.) of NCC Bank Limited, inaugurating the \"68th Foundation Training Course for its Officers\" at its training institute on Sunday. Deputy Managing Directors Md. Fazlur Rahman and Md. Habibur Rahman were present am

news:new nation/24-jul-2017

AKM Hamidur Rahman, DMD of Bangladesh Development Bank Limited, presiding over a discussion meeting on 'National Public Service Day' at the bank's head office in the city on Sunday. DMD, GMs and other senior executives of the bank were present.

Posted by BankInfo on Mon, Jul 24 2017 08:57 am

AKM Hamidur Rahman, DMD of Bangladesh Development Bank Limited, presiding over a discussion meeting on \'National Public Service Day\' at the bank\'s head office in the city on Sunday. DMD, GMs and other senior executives of the bank were present.

News:new nation/24-jul-2017

Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Limited, presiding over a view exchange meeting on 'Prospective Customers Meet -2017' with the customers of Narayangonj region on Thursday. Mohammad Ali, DMD, Md Ehtesham Ul Huq Chowdhury, DGM an

Posted by BankInfo on Mon, Jul 24 2017 08:49 am

Md. Abdul Halim Chowdhury, Managing Director of Pubali Bank Limited, presiding over a view exchange meeting on \'Prospective Customers Meet -2017\' with the customers of Narayangonj region on Thursday. Mohammad Ali, DMD, Md Ehtesham Ul Huq Chowdhury, DGM

News:new nation/24-jul-2017

Banks, companies plan expansion in Frankfurt after Brexit

Posted by BankInfo on Sun, Jul 23 2017 10:22 am

Several hundred banks and companies have contacted German authorities about expanding in Frankfurt, as the city vies to become the EU’s principal financial centre after Brexit.

 Lucia Puttrich, Europe minister in the government of the state of Hesse, told the Guardian she had been in talks with several banks about expanding their presence in Frankfurt or the Rhine-Main area, reports The Guardian.

 US investment bank Morgan Stanley is the latest to choose the German city as the site of its post-Brexit European hub, it emerged this week, following official announcements from seven other banks, including Goldman Sachs and Standard Chartered, that they will expand operations in Frankfurt.

 Other institutions beefing up their Frankfurt offices include Daiwa, Sumitomo Mitsui and Nomura of Japan, VTB of Russia and Woori Bank of South Korea.

 “The movement will not be initiated immediately but it will be step by step,” Puttrich said. “ London will remain an important financial centre ...

[but] there will be a transfer from those who need to have an office in the European Union, because London will not be in the internal market.

 “People talk about several thousand [jobs coming to Frankfurt], but it is difficult to put a figure on it.”

 The state of Hesse has had “several hundred contacts with institutions in Great Britain and especially London”, a spokesman added, although many of these discussions were at an early stage. Some of these companies may opt for Paris, Dublin, Brussels or Luxembourg; others may not move.

 Nevertheless, the remarks may ring alarm bells that a banking exodus is gathering pace, following a warning from the City regulator that banks were approaching the point where they must move staff out of London to continue operating smoothly after Brexit. Jobs leaving the City have so far been relatively limited, however, compared with the 751,000 people working in London in banking and related professional services.

 Frankfurt, home to the European Central Bank and the German Bundesbank, already hosts the biggest European operations of US investment banks outside London.

 Researchers at the Bruegel thinktank have forecast that Frankfurt will take the biggest share of London’s post-Brexit business in a report that predicted the loss of 30,000 jobs in the City.

News:Daily sun/23-jul-2017
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