Tag Archives: claims

London to lose $900 billion to Frankfurt due to Brexit, German finance group claims

Boris Roessler | Picture Alliance | Getty Images The skyscrapers of Frankfurt’s banking metropolis. London is predicted to lose up to 800 billion euros ($909 billion) of assets by March next year, as banks move their business operations to other hubs before Brexit takes place. Lobby group Frankfurt Main Finance (FMF) released the figure last week, which it calculated based ... Read More »

Aye Finance claims to have disbursed 60,000 loans to MSMEs

Aye services over 50 industry clusters in India through its 73 branches, including sports goods manufacturing, hosiery, gota work, marble inlay work, amongst others BENGALURU: Gurgaon based digital lending startup Aye Finance claims to have disbursed 60,000 loans since its inception in 2014 to micro small and medium enterprises giving out a total of Rs 700 crore. “On April 2014, the company gave its ... Read More »

Toshiba completes sale of Westinghouse claims, replenishes finances

TOKYO (Reuters) – Toshiba Corp (6502.T) said on Tuesday it has completed the sale of its claims against bankrupt U.S. nuclear unit Westinghouse Electric Co LLC, a move that allows the Japanese conglomerate to replenish its depleted capital base and remain listed.   FILE PHOTO: A logo of Toshiba Corp is seen on a printed circuit board in this photo ... Read More »

Deere, claims, minutes — What you need to know in markets on Wednesday

The last full trading day of the week will bring investors a light earnings schedule and three economic data points worth tracking. In the morning, earnings from Deere & Co. (DE) will be the main corporate highlight, with the economic schedule bringing investors the weekly report on initial jobless claims, the University of Michigan’s latest report on consumer sentiment, while ... Read More »

TD Bank under pressure over sales tactics claims

TD Bank Group, Canada’s biggest bank by deposits, is battling to contain damage from a potential sales scandal after a TV show claimed employees regularly broke laws for fear of being fired. Shares in the bank dropped more than 5 per cent on Friday — the most in more than eight years — after reports by the Canadian Broadcasting Corporation accused TD ... Read More »

RBS denies latest SME claims, lawmaker demands review publication

Royal Bank of Scotland (RBS.L) said on Monday there was no evidence it had deliberately caused SMEs to fail, while a senior British lawmaker called for the country’s regulator to fix a publication date for a long-delayed review into the allegations. The Financial Conduct Authority (FCA) announced the review in January 2014 into how the bank’s Global Restructuring Group (GRG) ... Read More »

Marks & Spencer to cut 500 head office jobs, report claims

Marks & Spencer is to cut 500 head office jobs as the retail company’s chief executive attempts to fight losses, Sky News has reported. M&S is to reportedly jettison roughly 15 per cent of its Paddington offices in London. Shop-floor staff are not expected to be affected. Quoting unnamed sources, Sky News said the cuts would be announced on 8 September, ... Read More »

SWIFT rejects Bangladeshi claims in cyber heist, police stand firm

SWIFT has rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation’s central bank more vulnerable to hacking before an $81 million cyber heist in February. The comments were in response to a Reuters story that cited Bangladeshi police and a central bank official as saying that SWIFT technicians introduced security holes into the ... Read More »