BAFL 45.26 Increased By ▲ 0.21 (0.47%)
BIPL 20.08 Decreased By ▼ -0.43 (-2.1%)
BOP 5.42 Decreased By ▼ -0.22 (-3.9%)
CNERGY 4.54 Decreased By ▼ -0.01 (-0.22%)
DFML 15.65 Decreased By ▼ -0.05 (-0.32%)
DGKC 73.20 Increased By ▲ 1.99 (2.79%)
FABL 27.33 Decreased By ▼ -0.07 (-0.26%)
FCCL 17.54 Increased By ▲ 0.39 (2.27%)
FFL 9.05 Increased By ▲ 0.50 (5.85%)
GGL 12.60 Decreased By ▼ -0.07 (-0.55%)
HBL 111.67 Decreased By ▼ -1.03 (-0.91%)
HUBC 122.28 Increased By ▲ 3.17 (2.66%)
HUMNL 7.24 Decreased By ▼ -0.36 (-4.74%)
KEL 3.26 Decreased By ▼ -0.01 (-0.31%)
LOTCHEM 27.70 Decreased By ▼ -0.15 (-0.54%)
MLCF 39.55 Increased By ▲ 0.47 (1.2%)
OGDC 108.80 Increased By ▲ 0.49 (0.45%)
PAEL 17.74 Decreased By ▼ -0.01 (-0.06%)
PIBTL 5.40 Decreased By ▼ -0.16 (-2.88%)
PIOC 107.40 Increased By ▲ 1.40 (1.32%)
PPL 91.77 Decreased By ▼ -0.73 (-0.79%)
PRL 24.95 Decreased By ▼ -0.39 (-1.54%)
SILK 1.06 Decreased By ▼ -0.01 (-0.93%)
SNGP 63.04 Decreased By ▼ -0.68 (-1.07%)
SSGC 11.89 Decreased By ▼ -0.11 (-0.92%)
TELE 8.15 Decreased By ▼ -0.31 (-3.66%)
TPLP 13.16 Decreased By ▼ -0.18 (-1.35%)
TRG 81.38 Decreased By ▼ -4.02 (-4.71%)
UNITY 25.85 Decreased By ▼ -0.11 (-0.42%)
WTL 1.51 Decreased By ▼ -0.03 (-1.95%)
BR100 6,181 Decreased By -4.8 (-0.08%)
BR30 21,539 Increased By 79.8 (0.37%)
KSE100 60,531 Increased By 29.3 (0.05%)
KSE30 20,188 Increased By 13 (0.06%)
Brecorder Logo
Nov 30, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

investment bank

MCB: Current accounts drive profit

MCB: Current accounts drive profit

MCB Bank Limited (MCB) began 2023 from where it left 2022 – announcing Rs6/share first interim cash dividend to...
Updated 05 May, 2023 10:10am
Goldman readies US workers for return to offices in June
Business & Finance

Goldman readies US workers for return to offices in June

  • The bank is planning to tell employees to be prepared to start working from offices by mid-June, the report said, citing people with knowledge of the matter.
  • Wells Fargo & Co said in March it would start bringing workers back to its offices after Labor Day, while JPMorgan Chase & Co said last week it was targeting workers' return to office on a rotational basis from July.
Published 04 May, 2021 05:45pm
Lazard first-quarter profit misses estimate as expenses weigh
Business & Finance

Lazard first-quarter profit misses estimate as expenses weigh

  • The bank reported an adjusted net income of $101 million, or 87 cents per share, missing Street estimates of 89 cents per share, according to IBES data from Refinitiv.
    • Global M&A activity posted a year-to-date record in the first quarter this year, helped by a boom in the stock markets and the Federal Reserve's commitment to keep monetary policy loose.
Published 30 Apr, 2021 05:15pm
British fintech Revolut on path to $10 bln valuation with new funding
Business & Finance

British fintech Revolut on path to $10 bln valuation with new funding

  • The London-based financial technology startup is lining up FT Partners, a US-based fintech-focused investment bank, as its adviser on the new funding, which is expected to take place after the summer, the report added.
  • The company, which raised $500 million in a funding round at a valuation of $5.5 billion in early 2020, has established a presence in more than 35 countries.
Published 17 Apr, 2021 05:43pm
Deutsche Bank CEO gives up oversight of investment bank in revamp
Business & Finance

Deutsche Bank CEO gives up oversight of investment bank in revamp

  • The move is likely to reassure regulators, who worried that Sewing has too much on his plate, potentially leaving the investment bank open to operational hazards.
  • Germany's biggest bank was one of the few major banks in the world to assign day-to-day oversight of investment banking to its chief executive. At most banks, other board members oversee the division.
Published 29 Mar, 2021 06:30pm
Citi hires Goldman's chief diversity officer
Business & Finance

Citi hires Goldman's chief diversity officer

  • Brown joins Citi as its chief diversity, equity and inclusion officer from Goldman Sachs, where she had led that bank's diversity and inclusion efforts since mid-2018. Brown previously worked at Bloomberg in the same role.
  • Goldman named Megan Hogan to replace Brown, according to a memo sent to staff and seen by Reuters.
Published 26 Mar, 2021 08:12pm
Euro zone inflation could exceed forecasts this year: De Guindos
World

Euro zone inflation could exceed forecasts this year: De Guindos

  • Growth on the other hand could fall short of projections in the first quarter due to widespread pandemic-related restrictions, even if full-year activity is still seen in line with the bank's 3.9% projection made in December, de Guindos said in a webinar with investment bank Berenberg.
Updated 03 Mar, 2021 08:45pm