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Ms Saunders is a dealmaker specialising in "principal finance".
In hectoring speeches in the Lok Sabha, Mr. Gandhi charged that the principal finance secretary, H.M. Patel, and the finance minister, Mr. Krishnamachari, had pushed LIC's investment through.
The bank's specialised-finance department, of which principal finance is a big part, contributed half its profits during the past four years.
Unlike traditional investment-banking, principal finance involves a bank using its own capital to acquire assets, rather than acting as an agent.
An executive knowledgeable about Ms. Saunders's actions said that she has already arranged financing to buy the equity stakes held by Principal Finance, which total $168 million.
Mr. Hands, who quit as head of Nomura's principal finance group on April 1, helped the firm's trading profit jump 48percentt with the pub sales.
Similar(43)
Most foundations, large and small, strive to keep their "corpus," or principal financing, intact.
If the New York City school system is underfinanced, the reason is that the city's real estate taxes, which are the principal financing source for school systems, are very low compared with those in Westchester.
The board's decision followed a damning report by BaFin, Germany's financial regulator, on the shoddy control by WestLB of its principal-finance unit in London.
Jürgen Sengera, the German state-owned regional bank's boss, resigned after a regulatory probe of WestLB's controversial principal-finance unit identified a lack of risk control.
It beat the London-based principal-finance arm of Nomura, a big Japanese securities firm.More controversial is the sale of the railway homes, which the transport ministry says it expects to complete over the next couple of months.
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