Tag Archives: plan

Bank employees body questions need for turnaround plan for 10 weak govt banks

In March, the centre had asked weak public sector banks to come up with turnaround plans by setting stiff targets for improving asset quality, bad loan recovery, cost control, capital utilization, etc. Photo: Mint Mumbai: The All India Bank Employees’ Association (AIBEA) has questioned the purpose of a turnaround plan for 10 weak public sector banks (PSBs) identified by the ... Read More »

4 Stocks In Buy Range Ahead Of Earnings Reports: Investing Action Plan

Here’s your Investing Action Plan for Tuesday: what you need to know as an investor for the coming day. Fan favorites like Apple (AAPL) and Facebook (FB) give current stockholders reason to cheer but are well above buying range. Even Apple bull Warren Buffett wouldn’t buy its shares again now and is skittish about Amazon.com (AMZN), despite admitting that he ... Read More »

EU clears German plan for electric vehicle charging network

The European Commission said on Monday it had approved German plans for an infrastructure network for charging electric vehicles across the country. The plan, at a total cost of 300 million euros (255 million pounds) over four years, will require that the electricity comes from renewable energy sources, with contracts awarded through an open tender process. “Electric vehicles can provide ... Read More »

Sumner Redstone and daughter pull CBS, Viacom merger plan

Media mogul Sumner Redstone and his daughter Shari called off their failed effort to merge CBS Corp (CBS.N) and Viacom Inc (VIAB.O) on Monday, sending shares of Viacom – widely viewed as the weaker company – down almost 8 percent. The collapse of the plan, which never got beyond initial talks, raises questions about the future of both Redstone-controlled companies ... Read More »

EasyJet presses on with Brexit plan as profits fall

British airline easyJet (EZJ.L) said on Tuesday it will apply for a new licence to continue flying within the European Union if Britain leaves the bloc as sterling’s slide and fears of militant attacks hit profits. Europe’s second biggest no-frills airline behind Ryanair (RYA.I) is among the most affected by the British vote to leave the European Union because about ... Read More »

RBS chairman calls on Theresa May to draw up Brexit transitional plan

The chairman of Royal Bank of Scotland has warned that banks could pull operations out of Britain unless Theresa May draws up transitional arrangements for the country’s exit from the EU. Sir Howard Davies said it would be damaging if there was no transitional plan and that banks would have to make decisions based on uncertainty. Speaking to ITV’s Peston ... Read More »

ING to cut 5,800 jobs in digital plan

Dutch bank ING says it intends to cut about 5,800 jobs in Belgium and the Netherlands over the next five years as part of a cost-cutting plan. The bank said the aim was to speed up the adoption of new technology and “continue to lead in digital banking”. It said 3,500 jobs would go in Belgium and 2,300 in the ... Read More »

Zim scraps plan to convert dollar earnings to rands, euros

Zimbabwe’s central bank abandoned a plan to convert half of its export earnings into rands and euros as it explores ways to ease a shortage of dollars. In a statement on Tuesday, the institution said it will now require 50% of export earnings to be transferred to a Reserve Bank of Zimbabwe account. The central bank will then immediately credit ... Read More »

Tory plan on academies faces cross-party opposition

Local government leaders demand the government drops controversial project to turn state schools into academies The leaders of the Conservative, Labour and Liberal Democrat parties in local government have united to demand that the government drops controversial plans to force all schools to become academies by 2022 in a massive blow to its flagship education policy. In a letter to ... Read More »