India’s fraud-hit PMC asked other major banks for merger: administrator – Reuters UK

India’s fraud-hit PMC asked other major banks for merger: administrator – Reuters UK

NEW DELHI (Reuters) – Indias fraud-hit PMC Bank has approached other banks over a possible merger even as its efforts to recover funds from a big borrower have been disrupted by the coronavirus pande… […]

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Eye-watering problem: Indian optician’s claim threatens nation’s banks – Reuters UK

Eye-watering problem: Indian optician’s claim threatens nation’s banks – Reuters UK

AGRA, India (Reuters) – When business evaporated at Gajendra Sharmas eyeglass shop a couple of miles from the Taj Mahal during Indias strict COVID-19 lockdown, he was relieved to hear about a pandemi… […]

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Exclusive: J.C. Penney on cusp of rescue deal with landlords – sources – Reuters UK

Exclusive: J.C. Penney on cusp of rescue deal with landlords – sources – Reuters UK

NEW YORK (Reuters) – J.C. Penney Co Incs landlords are nearing a deal to rescue the beleaguered department store chain from bankruptcy proceedings, averting a liquidation that would have threatened r… […]

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