Tag Archives: Barclays

Banking

Barclays to Grow Global Insurance Team in USA

Barclays (one of our top 10 stock picks worldwide) has appointed Nathalie Majlis as Relationship Director, Insurance, within its Non-Bank Financial Institutions team (NBFI), based in New York, for further building the bank’s corporate banking relationships with existing North American insurance firms and developing strong links with new clients within the sector.

Nathalie joins Barclays from HSBC, where she was responsible for building strategic relationships with key asset manager and insurance clients to deliver HSBC’s global product capabilities including markets, advisory and transaction banking services. Prior to HSBC, Nathalie ran an insurance and financial broker franchise business for a number of years. Nathalie Majlis said; “The US is a vital growth market for Barclays, and I look forward to supporting this vision and leveraging my experience within the sector to further grow the insurance offering in the US, as well as supporting our clients with their UK and European operations.”

 

Banking

Indian Banking Industry Review – Feb 2010

We are seeing lots of news about the Indian banking industry in the domestic as well as in overseas markets. The Indian Budget 2010-11 has mentioned new banking licenses, which means we will see new players and hence more competition, and better savings and lending rates, which is better for the consumers and borrowers.

  • On the domestic front, regulatory action in terms of increasing the CRR ratio and migration to base rate from the current PLR system were on the negative side while marginally better than expected third quarter results were a positive.
  • The change in the CRR rate has already resulted in a sudden spike in the yields especially in the short end of the yield curve.
  • The hardening of bond yields will have negative impact on Q4FY10 results of banks especially PSU banks.

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