RBS to cut 443 jobs in UK, move many of them to India
June 25 British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.
RHB Bank Bhd managing director Johari Abdul Muid tendered his resignation last Thursday, sources say. His resignation comes some three months before his contract at the bank ends.
Johari's exit from RHB Bank means there will soon be three top seats empty at the country's fifth largest banking group, unless it moves quickly to fill them up.
The RHB group - in which the Employees Provident Fund is the biggest shareholder - does not have a chief executive officer for its recently enlarged investment bank, RHB Investment Bank Bhd, or its Islamic Bank, RHB Islamic Bank Bhd.
Sources say RHB group managing director Kellee Kam may take up Johari's position, in an additional role. Another possible contender is Sulaiman Tahir, who is currently an executive director at CIMB Bank Bhd.-The Edge Malaysia.
Boustead to buy back plantation REIT-The Star
Final studies for KL-S'pore high-speed rail-Business Times
NOTE: Reuters has not verified these stories and does not vouch for their accuracy.
MILAN/ROME, June 25 Italy began winding up two stricken Veneto-based banks on Sunday in a deal that will see their good assets transferred to Intesa Sanpaolo and could cost the state up to 17 billion euros ($19 billion).