Facebook Pixel Code

JPMorgan to advise UK on bank share sale

The body that oversees Britain?s stakes in Royal Bank of Scotland and Lloyds Banking Group has picked JP Morgan to advise it on the possible sale of shares, a prestigious and hotly contested role.

The body that oversees Britain?s stakes in Royal Bank of Scotland and Lloyds Banking Group has picked JP Morgan to advise it on the possible sale of shares, a prestigious and hotly contested role. UK Financial Investments (UKFI) said on Friday JP Morgan Cazenove would initially help devise strategies ?for realising value for the government?s shareholdings?.

Punjab & Sind Bank cuts rate by 0.26%

Punjab & Sind Bank announced a cut of 0.26% in minimum lending rate to 9.99%, a move which will lower EMIs. The bank has reduced base rate to 9.99% from 10.25%, Punjab & Sind Bank said in a statement. All loans linked to base rate would become cheaper by at least 0.25%.

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

First published on: 20-07-2013 at 04:46 IST
Market Data
Market Data
Today’s Most Popular Stories ×