|
|
|
Andhra
Bank to restructure controlling offices, empower staff |
| |
Andhra Bank is embarking on
a restructuring of its controlling offices in an effort to facilitate
faster decision-making. The move is in line with the recommendations
of the National Institute of Bank Management and management
consultants from the Administrative Staff Collage of India. |
|
|
Royal
Bank buys Mellon retail arm for $2.1 billion |
| |
Britain’s second-biggest bank,
Royal Bank of Scotland Plc, on Tuesday took a further step in
its US expansion drive, agreeing to buy the retail arm of Mellon
Financial Corp for $2.1 billion in cash. |
|
|
Dollar
gains as Argentina worries ease |
| |
The dollar rose to one-week
highs against the euro, the yen and the Swiss franc on Tuesday,
as the outlook for emerging markets brightened after Argentina’s
government won opposition support for spending cuts. |
|
|
Indonesia
likely to get $400-m IMF loan in Aug |
| |
The International Monetary
Fund said on Tuesday it was still aiming to release a delayed
$400 million loan to Indonesia next month, erasing fears that
an agreement was many weeks away. |
|
