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SBI may buy out Canara Bank's loans in Ratnagiri Gas

Tuesday, December 18, 2018, 7:52 PM

SBI is looking to buy out Canara Bank's loans of about Rs.400 crore in Ratnagiri Gas and Power Pvt. Ltd, erstwhile Dabhol Power Co., said two people in the know. This is expected to be the first-resolution under the ICA, which is part of government's Project Sashakt aimed at resolving bad loans. An IBA official said they have not received any proposal from SBI.
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Deutsche Bank's Frankfurt HQ searched in Panama Papers probe

Thursday, November 29, 2018, 8:01 PM

Deutsche Bank AG's premises, including its headquarters in Frankfurt were being searched by prosecutors in a money laundering probe, prosecutors said in a statement. Two bank employees, aged 50 and 46, were targeted as suspects in the case, according to the statement. Prosecutors said about 170 officials and police were involved in the raids. Deutsche Bank shares fell as much as 4.7% on Xetra.
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Goldman Sachs CEO personally outraged by 1MDB scandal

Friday, November 16, 2018, 8:36 AM

David Solomon had a message for Goldman Sachs Group Inc. employees shaken by the firm's involvement in a multibillion 1MDB scandal: this isn't us. "I am personally outraged that any employee of the firm would undertake the actions spelled out in the governments pleadings," the firm's chief executive officer said in a voicemail left with employees.

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