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Morgan Stanley Center of Excellence Readies Bank for AI’s Data Demands

Katherine Wetmur, Morgan Stanley's head of quality assurance and production management


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Morgan Stanley recently posted a profit of $2.In the dawn of AI-enabled decision making, the notion of data as a strategic asset is rising at companies such as Morgan Stanley.

Merger Talks of Deutsche Bank and Commerzbank Roil Emotions

ImageA merger of Deutsche Bank and Commerzbank would leave Germany with only one large publicly traded bank, compared with at least four a decade ago.CreditCreditThomas Lohnes/Getty ImagesFRANKFURT — If the proposed merger between Deutsche Bank and Commerzbank were a film, it would already be racking up the rotten tomatoes.

Airtel Payments Bank partners with Bharti AXA General Insurance for two-wheeler insurance

In a statement, Airtel Payments Bank said the product is available on MyAirtel App and at over 40,000 Airtel Payments Bank points across India during the first phase of launch.38 PM ISTAgenciesNEW DELHI: Airtel Payments Bank Friday announced it has teamed up with Bharti AXA General Insurance for a two-wheeler insurance product offering.

Indian Bank: NCLAT asks winning bidder to raise offer for United Seamless

Earlier, United Seamless and one of the dissenting lenders Indian Bank had moved the NCLAT, seeking action against the resolution professional (RP).So, the court ordered the winning bidder, Maharashtra Seamless, to raise its offer to Rs 597.

Big-Bank Chiefs, Democrats Spar at House Hearing

The retail banking industry is undergoing another major shift, and the future looks high-tech, sophisticated, and, for big banks, very urban.Photo: Shaumbé Wright/The Wall Street JournalWASHINGTON—The chief executives at seven of the largest U.

Airbnb Reverses Policy Banning Listings in Israeli Settlements in West Bank

Middle East|Airbnb Reverses Policy Banning Listings in Israeli Settlements in West BankImageAirbnb walked back its policy to remove listings on properties in Israeli settlements in the West Bank.CreditCreditRonen Zvulun/ReutersAirbnb said Tuesday that it had reversed its decision to remove listings of properties located in Israeli settlements in the West Bank.

Bank of America Will Lift Minimum Wage to $20, as Lawmakers Spotlight Inequality

ImageBank of America said it would raise wages for its lowest-paid employees to $20 an hour over the next two years.Moynihan said that starting next month, Bank of America’s lowest-paid employees would earn $17 an hour.

LIC: Centre asks CVC for clarity over supervision in privatised IDBI bank

In January, the Reserve bank of India had classified IDBI Bank as a private sector lender after state-run Life Insurance Corporation (LIC) acquired 51% stake by infusing around Rs 20,800 crore capital.“Since the lender is now owned by a state run financial institution we need to have clarity if we still can take up vigilance issues in the bank,” the official said.

The impact of scrapping RBI’s ‘February 12’ order: INR3.8 lakh crore of NPAs in limbo, and the bad-bank debate revived

However, resolution of default accounts filed in various tribunals already under the IBC will get further delayed.Erring promoters will get a chance to resolve their accounts with the banks without the NCLT coming in their way.

bank of india: Flipkart is ready with the tech stack to start lending

However, it now plans to start lending again and underwrite customers to create a preapproved line of credit.“We have received an in-principle approval from the RBI and our lending partners are working very closely with the RBI to ensure we are compliant.

RBI yet to approve Lakshmi Vilas Bank-IHFL merger

The RBI statement further noted that it would examine the proposals as per extant regulatory guidelines and directions and when it receives them from the entities concerned.58 PM ISTBCCLThe RBI statement further noted that it would examine the proposals as per extant regulatory guidelines and directions and when it receives them from the entities concerned.

jet airways: Jet delays bank payments, puts ‘own planes’ in danger

Under the circumstances, a guarantee invocation could sound the death knell for Jet as the US institution would likely deregister and then repossess the planes.EXIM Bank, the official export credit agency of the US, is the biggest backer of Boeing’s exported planes.

David Malpass, Trump’s Pick to Lead World Bank, Is Approved

Business|David Malpass, Trump’s Pick to Lead World Bank, Is ApprovedImageDavid Malpass, center, at the White House in February when President Trump announced his nomination to lead the World Bank.CreditCreditDoug Mills/The New York TimesDavid Malpass, President Trump’s pick to be president of the World Bank and a longtime critic of the influence wielded by the bank and other multilateral institutions, was unanimously approved by its executive board on Friday.

Lakshmi Vilas Bank, Indiabulls Housing open a joint account

MUMBAI: The boards of Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance on Friday approved the merger between the two to create what would be known as the ‘Indiabulls Lakshmi Vilas Bank’, with a combined loan book of Rs 1.To be sure, this merger proposal involving the takeover of a bank by a non-banking finance company (NBFC) requires regulatory approvals.

RBI may need to rethink age limit for bank CEOs

MUMBAI: The Reserve Bank of India may face legal challenges to its rule on the age limit for bank CEOs, unless it is changed.IndusInd Bank and HDFC Bank have their current chiefs reaching the RBI age cap over the next year and half, said analysts.

Vijaya bank merger 'dictatorial' decision, says ex-director Subbayya Shetty

The merger of the banks was hurriedly carried out only to protect fraudulent businessmen, Subbayya Shetty told reporters here.11 PM ISTBCCLVijaya bank was the pride of the coastal region and the Bunt community which played a key role in setting up of the bank, Subbayya Shetty said.

Axis Bank is getting a makeover under its new CEO Amitabh Chaudhry & investors are happy

Amitabh Chaudhry, as the chief executive of Axis Bank, is yet to deliver his first quarterly earnings.”

While Axis Bank grew in size and stature with it becoming a takeover target, the economic slowdown and its infrastructure exposure hurt it severely.

Spared From the Shredder (for Now): ‘Priceless’ Bank Records of Old New York

CreditCreditDetroit Publishing Company, via Library of Congress[What you need to know to start your day: Get New York Today in your inbox.ImageRecords in the basement of a Capital One bank in Brooklyn, closing next month, were wheeled to a shredder truck on Monday.

HDFC Bank to add 100 branches in Northeast

As of December 31, 2018 the bank network in the region comprised 126 branches and 203 ATMs.59 PM ISTIndiatimesThe bank network will also work with the 650 Common Service Centres (CSCs) to be set up in the region by the government for financial services in rural area.

Branches of Vijaya, Dena Bank to function as BoB outlets from Monday: RBI

The merger of Vijaya Bank and Dena Bank with Bank of Baroda, will be effective from April 1, 2019.Branches of Vijaya Bank and Dena Bank will function as Bank of Baroda outlets from April 1, following amalgamation of the two lenders with the latter, the RBI said Saturday.