Barclays Finance Chief Lucas Resigns Earlier Due to Healt
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Finance and Accounting Employee Confidence Index Soars in Q2 as Macroeconomic Confidence Improves
This material may not be published, broadcast, rewritten or redistributed. BOSTON, Aug. 12, 2013 — /PRNewswire/ — Confidence among U.S. finance and accounting workers hit a high in the second quarter of the year, spiking nearly 10 points from the previous quarter and reaching levels not seen since before the recession. The current index score is the highest since Q3 2007.
Indiabulls Housing Finance buys back Amaprop’s 42.5 percent stake in subsidiary for $42.5 mln
Amaprop, a US-based private equity firm, had invested in Indiabulls Finance, a non-banking finance company, in 2005 for around Rs 130 crore. This means it will encash around 2x in Indian currency in its eight-year old investment though on repatriation its returns would translate into 41 per cent gains in US dollar terms. With the buyback, Indiabulls Finance has become a wholly owned arm of Indiabulls Housing Finance, one of the largest private housing finance firms in the country. Indiabulls Housing Finance has a loan book of Rs 37,000 crore (having grown at a CAGR of 26 per cent in the last five years).
Peter Estlin, group financial controller, will be acting chief financial officer until Oct. 15, when Tushar Morzaria, 44, will take over the post . Whilst I am saddened that his health has forced this decision on him sooner than either of us would have wished, I respect his decision and wish him well in the future, Barclays Chairman David Walker said in the statement. He has successfully navigated Barclayss finances through one of the most difficult periods in its history. Lucas, the last of former Chief Executive Officer Robert Diamonds senior managers to depart, is leaving ahead of a planned 5.8 billion-pound ($9 billion) rights offering, which stands to be the biggest by a U.K.