Lenders rely on foreign bosses for their growth

Sai Gon Joint Stock Commercial Bank (SCB) announced this month the appointment of Chen Yi-Chung (Jeremy Chen) as the new interim CEO, replacing a Vietnamese predecessor. Taiwanese Chen, with more than 20 years of experience at Citibank Asia – Pacific, Standard Chartered Bank and other financial organizations, is expected to …

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The infra arm of the HCC group will get Rs 1,259 cr from NHAI after the closure of pending disputes, claims, Auto News, ET Auto

New Delhi: HCC Group Wednesday said its infrastructure arm HCON is ready to receive Rs 1,259 crore from National Road Authority of India (NHAI) following the closure of outstanding disputes and claims regarding Baharampore-Farakka Highways Ltd (BFHL) and Farakka-Raiganj Highways Ltd (FRHL), HCC Concessions Ltd (HCON), the infrastructure development arm …

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New Chinese rules worry foreign banks and companies

SHANGHAI – To defend against accusations by Washington and others that it does not play trade fairly, Beijing could point to the banks. Chinese leaders were regularly lowering barriers they had built around the country’s vast financial system, giving Wall Street and European lenders a better chance of gaining business …

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