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Tag: banks

Morrisons gives food banks £10m during coronavirus outbreak | World news

Supermarket chain Morrisons is to distribute £10m worth of food to the UK’s food banks during the coronavirus outbreak by producing more fresh items from its own manufacturing sites and bolstering deliveries from its stores. The UK’s largest fresh food manufacturer will this week ramp up production at its bakery, egg and fruit and vegetable …

Morrisons gives food banks £10m during coronavirus outbreak | World newsRead More

Supermarkets and banks offer early slots for older customers | World news

Some supermarkets and banks have decided to make special arrangements for elderly and vulnerable customers to gain exclusive early access to food and services, immediately after stores have been deep-cleaned and to avoid panic shopping, as part of the effort to keep the UK functioning smoothly during the coronavirus crisis. Iceland is arranging for stores …

Supermarkets and banks offer early slots for older customers | World newsRead More

Big banks have cash for some industries in crisis, but not for others

Toshi Sasaki | Getty Images As the coronavirus pandemic paralyzes the country, some companies need billions of dollars to pay the bills. The country’s largest investment banks say they’re ready and willing to give it to them. That means the biggest corporate pain won’t be felt from a short-term squeeze. It will likely come later.  …

Big banks have cash for some industries in crisis, but not for othersRead More

Alibaba to pay banks up to $32.3 mln in fees for Hong Kong listing, Retail News, ET Retail

By Scott Murdoch Alibaba will pay its investment banking syndicate up to $32.3 million for leading its Hong Kong listing which will raise up to $12.9 billion, according to documents filed with U.S. securities regulators. The Chinese e-commerce giant employed two co-sponsors, China International Capital Corporation (CICC) and Credit Suisse , to head the deal …

Alibaba to pay banks up to $32.3 mln in fees for Hong Kong listing, Retail News, ET RetailRead More

Alibaba to close books early for $13.8 billion Hong Kong listing

A logo of Alibaba Group is seen during Alibaba Group’s 11.11 Singles’ Day global shopping festival at the company’s headquarters in Hangzhou, China, November 11, 2019. Aly Song | Reuters Alibaba will close its order books to institutional investors early for its upcoming secondary listing in Hong Kong, a sign that demand for shares is …

Alibaba to close books early for $13.8 billion Hong Kong listingRead More

Alibaba prices Hong Kong listing, looks to raise up to $13.8 billion

The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019. Qilai Shen | Bloomberg | Getty Images Alibaba announced pricing of shares for its upcoming secondary listing in Hong Kong in which it could raise up …

Alibaba prices Hong Kong listing, looks to raise up to $13.8 billionRead More

It’s not just Boeing. More companies are splitting CEO and chairman roles

Dennis Muilenburg, chief executive officer of Boeing Co., listens during a Senate Commerce, Science and Transportation Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 29, 2019. Bloomberg | Bloomberg | Getty Images Boeing‘s board stripped CEO Dennis Muilenburg of his chairmanship on Oct. 11, as the company struggles with the aftermath of two crashes …

It’s not just Boeing. More companies are splitting CEO and chairman rolesRead More

Indian banks risk losing $9billion revenue to e-wallets by 2025, Retail News, ET Retail

As much as 14 per cent of Indian banks payments revenue, or $9 billion, is likely to be displaced by the growth of digital payments and competition from non-banks, an Accenture report said on Thursday. “With the digital boom as payments become more instant, invisible and free, banks need to reinvent themselves to grow customer …

Indian banks risk losing $9billion revenue to e-wallets by 2025, Retail News, ET RetailRead More

CAIT demands high-level enquiry by govt to probe ‘unholy nexus’ of e-commerce companies, banks, Retail News, ET Retail

NEW DELHI: Traders’ body CAIT on Sunday demanded a high-level enquiry by the Centre to probe the “unholy nexus” of e-commerce firms, companies owning brands and banks for causing price distortion in the country’s e-commerce market. Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT) also urged Prime Minister Narendra Modi to …

CAIT demands high-level enquiry by govt to probe ‘unholy nexus’ of e-commerce companies, banks, Retail News, ET RetailRead More