Housing Development Finance Corporation (HDFC) and HDFC Bank are working towards completing the merger of the two financial behemoths by July 1 and may set July 13 as the record date for swapping shares, HDFC said in an exchange filing on Tuesday.
European Union members are expected to reach a compromise on a proposed reform of EU fiscal rules by the end of the year, the finance ministers of Germany, France and Poland said on Tuesday after meeting near the eastern German city of Weimar.
Bank of America Corp is adding consumer branches in four new U.S. states, it said on Tuesday, bringing its national footprint closer to rival JPMorgan Chase & Co .
Credit card giant American Express Co said on Tuesday Chief Financial Officer Jeffrey Campbell has decided to retire, and Deputy CFO Christophe Le Caillec would succeed him.
Senior European Central Bank staff are meeting in Helsinki this week to work on a new framework for steering short-term borrowing costs, another step towards ending nearly a decade of easy money, five sources told Reuters.
The CEO and half a dozen others from Credit Suisse Israel have quit to form a new wealth management advisory business for Swiss private bank EFG International in Tel Aviv, two market sources familiar with the matter told Reuters.
Deutsche Boerse CEO Theodor Weimer said he would not pursue another term when his contract runs out next year, comments sure to foment speculation about a successor at the helm of one of Germany’s most valuable companies.
The merger between Housing Development Finance Corporation (HDFC) and HDFC Bank will be effective on July 1, CNBC-TV18 reported on Tuesday, citing HDFC Chairman Deepak Parekh.
The Turkish central bank’s net international reserves rose by some $8.5 billion last week to about $9 billion, the biggest weekly rise on record, four bankers said on Tuesday, as it stopped intervening in the forex market and the lira declined.
