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Yes Bank gets shareholder nod to raise Rs 10,000 crore

Saturday, February 8, 2020, 4:12 PM

Private sector lender YES Bank has said it has received shareholders' nod to raise capital up to Rs 10,000 crore via issuance of equity shares or other convertible securities. At the Extraordinary General Meeting, the lender has also received approval to increase authorised share capital of the bank to Rs 1,100 crore. The current authorised share capital of the bank is Rs 800 crore.
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Global banks hung on $1.5 billion of loans

Monday, October 28, 2019, 2:29 PM

Risky corporate-loans are gradually piling up on the books of some of the world's largest-banks. Underwriters that agree to provide funds for buyouts are rarely forced to come-up with the cash themselves, instead offloading the exposure to investors before deals close. The amount of hung debt is small-relative to the almost $170-billion of leveraged-loans issued in the US and Europe this year to finance-buyouts.
 
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HSBC planning to cut 10,000 more posts: Financial Times

Monday, October 7, 2019, 4:17 PM

HSBC is planning to lay-off up to 10,000 staff, a report said just weeks after its chief-executive stepped down and announced the axing 4,000 posts citing a weak global-outlook. The latest cuts mostly in high-paid roles are part of a fresh cost-cutting drive by new-boss Noel Quinn as the banking titan struggles to adjust to falling interest rates, Brexit and the long-running trade war.

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