Ridofranz / Getty Images A bank holding company is a corporation that owns a controlling interest in one or more banks but does not itself offer banking services. Holding companies do not run the ...

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An investment bank is a financial services company that ... Income Security Act (ERISA), they are subject to the higher standard—the fiduciary "best advice" standard rather than the lower ...

Philip Morris International (NYSE:PM) is suddenly a target of Tucker Carlson, who made derogatory remarks about the Zyn brand as he prepares to enter the tobacco industry himself with a competing ...

Philip Morris International (PMI) has offloaded Vectura Group for £150m ($198m) just three years after buying it in a deal worth more than £1bn. PMI's decision to buy Vectura, which makes ...

Standard Bank has expanded its Mauritius offshore offering for companies looking for a stable macroeconomic environment that stands in contrast to many African countries. The bank is building on its ...

The Bangladesh Bank (BB) has reduced the bond sizes for the Exim Bank and Standard Bank by scrutinising their capital requirements. The two banks communicated the central bank's actions to their ...

The brokerage attributed 50 per cent weight to the base case, 40 per cent to a bear case, and 10 per cent to a bull case, assuming a P/E multiple of 30x, around 20 per cent below the +1 standard ...

The Reserve Bank of India (RBI) has imposed a Rs 1 crore penalty on HDFC Bank for violating guidelines related to the engagement of recovery agents. The bank's recovery agents were found to have ...

If you’re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can’t wait to ...

Philip Morris International Inc is selling Vectura Group Ltd. for roughly a third of the price it paid for the UK maker of asthma inhalers about three years ago. The tobacco company said Tuesday ...

The brokerage used a Price-to-Earnings (P/E) multiple of 30x, which is around 20% below Bajaj Finance's +1 standard deviation, and applied a conservative 15% hold-co discount despite no tax ...