BRIEF-Norwegian insurer Gjensidige to cut staff, picks new CFO
* Says "efficiency measures will be implemented to ensure a competitive organisation set to deliver on Gjensidige's strategic priorities"
JOHANNESBURG Aug 6 South Africa's African Bank Investments does not have enough "bandwidth" within its executive team to deal with the necessary restructuring on its own, the bank's acting chief executive said on Wednesday.
Nithia Nalliah made the comment on a conference call with investors. The bank has appointed PricewaterhouseCoopers to advise on its restructuring. (Reporting by David Dolan; Editing by Stella Mapenzauswa)
SHANGHAI, Sept 26 China stocks dropped nearly 2 percent to a seven-week low on Monday, dampened by falls in the property sector and as Asian markets retreated after losses on Wall Street.
* Vistra, Permira among strong bidders for unit (Adds details of bidding and background on Hong Kong banking market)