US regulators propose set of non-banks for new oversight

Published : 12:00 am  June 5, 2013  |  Category: Financial Services  |  Leave a Comment  |  322 views  |  

Reuters: The US regulators on Monday proposed declaring that certain non-bank financial companies are so large their collapse could destabilise the financial system, in a long-anticipated and controversial move aimed at cracking down on risks to markets.  Read More →


Nalani assumes duties at NSB

Published : 12:00 am  June 5, 2013  |  Category: Financial Services  |  1 Comment  |  356 views  |  

The newly-appointed National Savings Bank Chairperson W.A. Nalani signs documents yesterday when she assumed duties at the head office in the presence of NSB General Manager and CEO H.M. Hennayake Bandara, Director Hema Madiwela and Director S.T. Abeygunawardana – Pic by Lasantha Kumara  Read More →


Rajaratnam’s brother in plea talks over insider charges

Published : 12:00 am  June 5, 2013  |  Category: Financial Services  |  Leave a Comment  |  311 views  |  

 Rengan Rajaratnam charged with fraud, conspiracy Older brother Raj  Rajaratnam serving 11-year prison term By Jonathan Stempel Reuters: Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, is negotiating with prosecutors on a possible resolution to his criminal insider trading case, including a possible plea, a court filing shows.  Read More →


Three Jaffna residents remanded over fake credit cards

Published : 12:00 am  June 5, 2013  |  Category: Financial Services  |  Leave a Comment  |  435 views  |  

By Lakmal Sooriyagoda Three residents of Valvetithurai in Jaffna who had allegedly had 15 fake credit cards in their possession were ordered to be remanded till 5 June by a Colombo Court. The three suspects had been arrested by the Special Task Force near Bristol Street in Colombo and they had been handed over to the CID for further questioning.  Read More →


India Rupee’s slide toward record low puts India in tight spot

Published : 12:00 am  June 5, 2013  |  Category: Financial Services  |  Leave a Comment  |  340 views  |  

Reuters: Global market tides have swept rupee close to an all-time low, raising current account financing and inflation risks, but for now policymakers are more likely to use small-scale intervention and administrative measures to defend the currency.  Read More →


CISI visiting CEO to deliver interactive lecture on ‘Integrity matters’ at SLF

Published : 12:00 am  June 5, 2013  |  Category: Financial Services  |  Leave a Comment  |  293 views  |  

Sri Lanka Foundation as the centre for leadership, education and training in Sri Lanka, takes initiatives to venture into new areas.  Read More →


Amana Bank partners with Vidullanka to finance Madugeta hydro project

Published : 12:00 am  June 5, 2013  |  Category: Financial Services  |  Leave a Comment  |  529 views  |  

Amana Bank has proudly partnered with leading renewable energy provider Vidullanaka PLC to finance their latest Mini Hydro Power Project (MHPP) at Madugeta in the Galle district. A signing ceremony was recently held at Amana Bank’s corporate office which was attended by key officials from the bank and Vidullanka.  Read More →


People’s Leasing opens new branch in Wariyapola, relocates Kurunegala branch

Published : 12:00 am  June 5, 2013  |  Category: Financial Services  |  Leave a Comment  |  714 views  |  

People’s Leasing and Finance PLC (PLF) a premier non banking financial institution of the country opened a new branch in Wariyapola and relocated its Kurunegala branch to a very convenience location recently.  Read More →


Kuwait’s National Industries Group upbeat on SL; buys out Heraymila Securities

Published : 11:06 am  June 4, 2013  |  Category: Financial Services  |  Leave a Comment  |  835 views  |  

The Colombo Stock Exchange’s second foreign owned stock brokering firm Heraymila Securities Ltd. and asset management firm Heraymila Capital Ltd. have been acquired by National Industries Group Holding SAK (NIG) through their fully owned investment arm, Eagle Proprietary Investments Ltd. With this acquisition, the Heraymila companies will be rebranded as ‘Candor’.  Read More →


Fitch rates Singer Finance’s proposed senior debt ‘BBB+ (EXP)’

Published : 11:05 am  June 4, 2013  |  Category: Financial Services  |  Leave a Comment  |  333 views  |  

Fitch Ratings has assigned Singer Finance (Lanka) PLC’s (BBB+ (lka)/Stable) proposed listed senior unsecured redeemable debentures of up to Rs. 1,250 million a ‘BBB+ (lka)(EXP)’ National Long-Term expected rating.   Read More →


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