Banco Fator, the investment bank advising the government on the sale, insists that adequate provision has been made for any remaining bad debts, plus any liabilities for staff pensions, tax arrears and other hidden horrors that often come to light when a Brazilian company is sold.
Videos also purportedly showed staff at HDFC Bank and Axis Bank advising the reporter to set up multiple accounts under different names, among other options.
"We are advising customers to change the bank account into which payments are made, for example by nominating an alternative bank account or the account of a trusted friend, " Pensions Minister Steve Webb told MPs on Tuesday.
Indeed, his media advisor--a former editor of a prominent Asian newspaper--should've known better, doing a bit more advising for his free options than simply advising of his bank account details should the site ever take off.
Some analysts are advising investors to take it easy on bank stocks for the time being.
The Social Security Agency is advising benefit customers who are experiencing problems with their Ulster Bank account to go directly to their local bank branch where funds should be available to them, subject to a limit.
In addition, two businessmen, Sir Peter Davis of Prudential, an insurer, and Martin Taylor of Barclays bank, are involved in separate groups advising ministers on aspects of the reforms.
Last December, Bank Leumi sent a letter to U.S. clients advising them of the OVDP program and suggesting they consult lawyers about participating.
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And Mr Agius has never had day-to-day operational responsibility for any bank remotely in its league (he was a corporate-advising investment banker at the London arm of Lazard for most of his career).
New Orleans Mayor Ray Nagin took the extraordinary step Thursday of sending a message through the media -- which he termed a "desperate SOS" -- advising the crowd at the convention center to march over the Crescent City Connection bridge to the west bank of the Mississippi River to find relief in neighboring Jefferson Parish.
But his claim that that spells death for the bank is wrong, that would just mean a further transformation of the focus of the business away from advising clients and toward trading.
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