Dragic, Ellington lead slow-starting Heat past Bulls

first_imgCayetano: 4 social media groups behind SEA Games ‘sabotage’ Jordan Spieth finishes with an eagle at the Australian Open The Heat started slow again in the third quarter, prompting Spoelstra to leave his second- and third-leading scorers, Dion Waiters (four points) and Hassan Whiteside (11 points, nine rebounds), on the bench down the stretch as the Heat pulled away after Chicago cut Miami’s lead to 83-81 with five minutes, 40 seconds to play.“I don’t think we look at it like Dion or Whiteside or Dragic,” James Johnson said. “We have a lot of weapons on this team. We have a lot of guys who could do it. We’re all trying to play our roles and master that.”Justin Holliday added 15 points for the Bulls, who lost their fifth in a row following an 0-4 West Coast trip.TIP-INSHeat: Whiteside (knee) was in the starting lineup after missing Saturday’s practice to receive treatment. … F James Johnson had at least five rebounds and five assists in a game for the fifth time this season. … Miami (10-9) exceeded the .500 mark for the first time since winning two of three to open the season.ADVERTISEMENT LATEST STORIES Stronger peso trims PH debt value to P7.9 trillion Read Next Don’t miss out on the latest news and information. Miami Heat’s Josh Richardson (0) drives against Chicago Bulls’ Kris Dunn (32) during the first half of an NBA basketball game, Sunday, Nov. 26, 2017, in Chicago. (AP Photo/Paul Beaty)CHICAGO — Goran Dragic and the Miami Heat followed the lowest-scoring first quarter in team history with the highest-scoring one of the season to beat the Chicago Bulls.After scoring seven points in the first quarter, Miami had 38 in the second to take a 45-42 lead en route to a 100-93 victory Sunday.ADVERTISEMENT Japan ex-PM Nakasone who boosted ties with US dies at 101 CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA QC cops nab robbery gang leader, cohort Typhoon Kammuri accelerates, gains strength en route to PH Bulls: Chicago coach Fred Hoiberg said he’s “hoping” G David Nwaba will return to practice on Monday. Nwaba (sprained right ankle) missed his ninth consecutive game. … The home game was just Chicago’s seventh of the season, tied with Toronto for fewest in the NBA. … Grant scored 62 points in Chicago’s past three games. His single-game high was 13 prior to this stretch.FROSTY FIRST QUARTERThe Heat shot 2-of-19 from the field in the first quarter but only trailed 13-7 because the Bulls managed to make just 4-of-24 shots, including 1-for-15 inside the 3-point arc.The 20 combined points were the fewest in any quarter in Bulls history.DESIGNATED SHOOTEREllington continued his hot 3-point shooting, going 5-of-8 behind the arc.The veteran reserve made multiple 3-pointers in each of the Heat’s past four games, going 20-for-35 in that stretch, and at least one in 11 straight. Ellington is shooting 44.2 percent for the season.UP NEXTHeat: At Cleveland on Tuesday night.Bulls: Host Phoenix on Tuesday night. Philippines marks anniversary of massacre with calls for justice PLAY LIST 01:44Philippines marks anniversary of massacre with calls for justice00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:19Fire erupts in Barangay Tatalon in Quezon City Brace for potentially devastating typhoon approaching PH – NDRRMC Kammuri turning to super typhoon less likely but possible — Pagasa View comments MOST READ Dragic scored 24 points, Wayne Ellington had 19 points and five 3-pointers off the bench and the Heat’s four reserves outscored their five starters. James Johnson added 15 points, seven rebounds and six assists, and fellow reserves Tyler Johnson and Kelly Olynyk scored 10 points apiece as the Heat bench produced 54 points to extend the team’s winning streak to three.Jerian Grant led Chicago with a career-high 24 points. Denzel Valentine had 14 points and career highs of 13 rebounds and seven assists.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“They (the bench) inspired the whole team,” Heat coach Erik Spoelstra said. “We were looking for some kind of energy, some kind of separation. We understand that it was going to be a 48-minute game and they played some inspiring basketball, not only in the fourth quarter but in that second quarter. That’s what really changed the momentum and brought us back into it.”Ellington ignited the Heat after the 2-for-19 first-quarter from the field, scoring 10 points and hitting three 3-pointers as Miami shot 68.4 percent in the second quarter.last_img read more

Radio host loses job after sexual comments on teen Olympian

first_imgOn Tuesday, on the Barstool Sports network on SiriusXM, Connor called Kim “fine as hell” along with more vulgar sexual comments, then said “the countdown is on” until Kim’s 18th birthday.Connor apologized on Twitter, calling his comments “inappropriate.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutBarstool Sports founder Dave Portnoy, without referring directly to Connor, said on Twitter that his network sometimes misses the mark with humor, but “crybabies” will not dictate its actions.Kim, of Torrance, California, won gold in Women’s Halfpipe Tuesday at the Olympics in Pyeongchang, South Korea. Typhoon Kammuri accelerates, gains strength en route to PH AFP official booed out of forum MOST READ LATEST STORIES Akari-Adamson clips Gamboa-St. Clare for 3rd straight NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Slow and steady hope for near-extinct Bangladesh tortoises Don’t miss out on the latest news and information. Sports venues to be ready in time for SEA Games PLAY LIST 00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding 2 ‘newbie’ drug pushers fall in Lucena sting Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Read Next Brace for potentially devastating typhoon approaching PH – NDRRMC FILE – In this Tuesday, Feb. 13, 2018 file photo, Chloe Kim, of the United States, smiles during the women’s halfpipe finals at Phoenix Snow Park at the 2018 Winter Olympics in Pyeongchang, South Korea. A San Francisco Bay Area radio station has fired one of its hosts, Patrick Connor, after he made sexual comments about 17-year-old Olympic snowboarder Kim on another station. Program director Jeremiah Crowe of KNBR-AM, where Connor hosted “The Shower Hour,” confirmed the firing Wednesday, Feb. 14, 2018, for NBC Bay Area. (AP Photo/Lee Jin-man, File)SAN FRANCISCO — A San Francisco Bay Area radio station has fired one of its hosts for sexual comments he made about 17-year-old Olympic snowboarder Chloe Kim on another station.Program director Jeremiah Crowe of KNBR-AM said in a statement Wednesday that host Patrick Connor has been fired.ADVERTISEMENT View commentslast_img read more

Riding high on AFC triumph, Ceres trips rival Global

first_imgSports Related Videospowered by AdSparcRead Next Pagasa: Storm intensifies as it nears PAR BACOLOD CITY—Ceres-Negros continued its fine form on Saturday, nipping fierce rival Global Cebu, 1-0, for a breakthrough victory in the 2017 Philippines Football League at Panaad Stadium here.In the battle of the last two league champions, an 82nd minute strike from leftback Jeffrey Christiaens propelled the Busmen to maximum points, while inflicting a first loss of the season on Global, which remained in second spot with seven points from four matches.ADVERTISEMENT Lacson: SEA Games fund put in foundation like ‘Napoles case’ Cayetano dares Lacson, Drilon to take lie-detector test: Wala akong kinita sa SEA Games BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast “It’s not easy to play these kinds of games especially coming off a big match, but my players were very professional and I’m very happy with their performance,” said Ceres coach Risto Vidakovic.Still riding high on their historic AFC Cup Asean zonal semifinal triumph, the Busmen kept the ball for long periods, but found Global goalkeeper Patrick Deyto a tough nut to crack in the match dubbed the “Visayas Clasico.”FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSMalditas save PH from shutoutThe Global goalkeeper also denied Martin Steuble from long range in the first half, before keeping out Iain Ramsay’s close-range effort early in the second half.But Deyto could do little to prevent Christiaens from scoring the match winning goal. BREAKING: Cop killed, 11 hurt in Misamis Oriental grenade blast LATEST STORIES BSP survey: PH banks see bright horizon amid dark global recession cloudscenter_img Don’t miss out on the latest news and information. MOST READ Set up by substitute Stephan Schrock, Christiaens fired home an excellent volley at the far post to the bottom corner, sparking celebrations in the stadium that had witnessed the Busmen upset Malaysian champions Johor Darul Ta’zim in the AFC Cup last Wednesday.The alarming trend of conceding late goals continued for Global, which was also held to a draw by Stallion Laguna two weeks because of a stoppage time strike.Global also lost its AFC Cup semifinal against Home United, after conceding twice in the last four minutes.“We didn’t learn from our last games,” said Deyto.ADVERTISEMENT Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Palace: Duterte to hear out security execs on alleged China control of NGCP View comments Every 18 seconds someone is diagnosed with HIV No tomorrowlast_img read more

Teng pumps 30 as Flying V goes 6-0

first_imgLOOK: Jane De Leon meets fellow ‘Darna’ Marian Rivera Nikki Valdez rushes self to ER due to respiratory tract infection Photo by Tristan Tamayo/ INQUIRER.netJeron Teng caught fire in the third quarter and carried Flying V to a 104-89 blowout win over Tanduay to preserve its pristine record Thursday in the 2017 PBA D-League Foundation Cup at Ynares Sports Arena in Pasig.Misfiring from the Thunder’s last game against Racal, the 23-year-old swingman recaptured his shooting touch in the second half as he exploded for 11 of his 30 points in the third period, while also hauling down nine rebounds and four assists, to keep his side at the top of the standings at 6-0.ADVERTISEMENT Tanduay saw its three-game winning streak cut short as it dropped to a 3-2 slate.Alvarez paced the Rhum Masters with 23 points on a 4-of-10 clip from beyond the arc, to on top of seven assists and three rebounds, while Jerwin Gaco had 15 markers, seven boards, and three assists off the bench in the losing effort.The Scores:FLYING V 104 – Teng 30, Torres 18, Salamat 14, Thiele 14, Dionisio 9, Paredes 8, Banal 8, Webb 2, Cabahug 1, Cañada 0, Colina 0, Tampus 0, Austria 0.TANDUAY 89 – Alvarez 23, Gaco 15, Santos 10, Tambeling 10, Vigil 8, Palma 6, Varilla 6, Terso 3, Sollano 3, Taganas 3, Martinez 2, Eguilos 0, Sanga 0.ADVERTISEMENT Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Quarters: 26-17, 44-45, 80-66, 104-89.Sports Related Videospowered by AdSparcRead Next Thomas Torres contributed 18 markers, four assists, three boards, and three steals, while Eric Salamat shot 4-of-7 from three to wound up with 14.Hans Thiele missed out of a double-double as he racked 14 points, nine rebounds, and two blocks in the victory.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsTeng went on a blaze after the halftime break, leading the killer 19-4 assault to turn a close 61-60 lead at the 4:05 mark of the third frame to a commanding 80-64 advantage, as Flying V uncorked 36 points in the quarter.“I didn’t really expect a lopsided game,” shared coach Eric Altamirano. “We told the boys that this game may come down to the last minutes, that it’s going to be a dogfight, but I think we stepped up defensively and limited Lester Alvarez whom felt was the was the engine of their team.” Pagasa: Kammuri now a typhoon, may enter PAR by weekend Another vape smoker nabbed in Lucenacenter_img LATEST STORIES Don’t miss out on the latest news and information. MOST READ Pagasa: Kammuri now a typhoon, may enter PAR by weekend Lacson: SEA Games fund put in foundation like ‘Napoles case’ China furious as Trump signs bills in support of Hong Kong PSC to hold weekly Children’s Games View commentslast_img read more

PVL: San Beda thwarts St. Benilde for second win

first_imgDon’t miss out on the latest news and information. Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Sports Related Videospowered by AdSparcRead Next San Beda bounced back from its shutout loss to Arellano to tie the Lady Chiefs at second behind Adamson’s 2-0 mark.The Lady Blazers struck back from two sets down with a convincing win in third but lost steam after battling the Red Spikers in a fierce duel majority of the fourth. FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingThey slid to 0-2 and are in danger of missing the semifinals.St. Benilde came through with 15 blocks, including eight from Ranya Musa. Nieza Viray backed Racraquin with 12 points. LATEST STORIES Celebrity chef Gary Rhodes dies at 59 with wife by his side Robredo should’ve resigned as drug czar after lack of trust issue – Panelo SBC’s top hitter Cesca Racraquin challenges St. Benildes’ Dianne Ventura as Marites Pablo tries to provide help during their PVL Collegiate Conference clash at the Filoil Flying V Center. CONTRIBUTED PHOTOSan Beda warded off St. Benilde’s late charge for a 25-21, 25-20, 17-25, 25-19 victory t in the Premier Volleyball League Collegiate Conference at Filoil Flying V Center Wednesday.Cesca Racraquin took charge with 15 points for the Red Spikers, who notched survived the Lady Blazers’ fightback to notch their second win.ADVERTISEMENT Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Trump signs bills in support of Hong Kong protesters Lacson: SEA Games fund put in foundation like ‘Napoles case’ NATO’s aging eye in the sky to get a last overhaul Celebrity chef Gary Rhodes dies at 59 with wife by his side Ateneo Blue Babble protests CHR budget, EJKs at halftime performance Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games MOST READ View commentslast_img read more

Games Village is the best ever, claims Kalmadi

first_imgCommonwealth Games organising committee (OC) chairman Suresh Kalmadi today claimed that the standard of training facilities available at the Delhi Games Village is best in the world.”The standard of training facilities that are available here are not available anywhere else in the world. This is one of the best Games Villages that anyone has seen,” Kalmadi said on the occasion of the soft launch of the Commonwealth Games Village here today.”All the facilities in the Village are top class and I am sure the athletes are going to love it. “The training areas comprising of the swimming pool, athletic track, gymnasium, weightlifting and wrestling areas are simply wonderful. In a Games Village, generally, all these facilities are not available at such a large scale,” he added.Putting to rest all rumours about the readiness of the Games Village, Kalmadi, himself led the media contingent to the various parts of the Games Village.”The whole village is ready. The international, the training centres and the accommodations are all in place. The Games Village will open from September 23 and we will have a lot of athletes coming in on September 23, 24 and 25 and they will continue to come till October 2,” said Kalmadi.He also stressed that it is not only their stay at the Games Village that the athletes are going to enjoy but also the event as a whole. “Every evening we are going to have entertainment programmes for the athletes.”Also for the first time, the athletes would be watching the opening ceremony of the CWG. Usually, after the march past they go outside. But here they would come back and sit inside the stadium and watch the cultural programmes, which is going to show 500 years of Indian culture.advertisement”By the time they will go back they will be like a family. They will come as a friend and go back as family. They will enjoy themselves,” said Kalmadi.Addressing the security concerns during the sporting extravaganza that is going to take place from October 3-14, the OC Chairman said, “We just had a security meeting and all issues of security have been sorted out. The Delhi Police have done a great job.”In fact, some of the top officials of Delhi Police have previous experiences of how to run the security during the Games as they have been to Olympics and Commonwealth Games in other countries. The security in the Games Village is of top priority and I am very happy with the arrangement.”All 71 countries are coming. Nobody is afraid. Everyone’s coming. The CWG Association had comprised a team, who used to visit India after every two months. So everyone’s happy about the security,” Kalmadi said.Speaking on the utilisation of the space in the Village, which is spread over 158.4 acres of land, after the Games are over, Kalmadi said it would be a challenge. “There have been a lot of discussion on how to utilise large portions of land after the Games are over. Usually, after such big events there is always a question of how to use these structures and that is a challenge.”The DDA has a lot of sports background. They have opened lot of clubs in the city. After the Asian Games, they opened clubs for the public use and I am sure in this case also they will use it for the public,” he said.Kalmadi also rubbished reports that Dengue will pose a threat to the athletes as the Games Village is still surrounded by a lot of flood water from Yamuna and said there is no need to panic.”Central government, State govt and the MCD are on war footing as far as Dengue is concerned. Lot of Insecticides have been put into place. Lot of fogging is also being done. “The fogging of the Games Village is going to take place from tomorrow. So, we are taking all steps to have safe and healthy Games. There is no cause for alarm at all.last_img read more

India alone responsible for mess not CGF: Hooper

first_imgThe CGF CEO Mike Hooper on Thursday refused to take any blame for the mess in which the Delhi Commonwealth Games finds itself, saying India alone is responsible for all the problems surrounding the mega event.Hooper said the prime responsibility of delivering the Games lies alone with India.”Absolutely. India has made a massive investment in trying to deliver the Games … But at the end of the day the responsibility for delivering on the obligations, promises made sits with India,” Hooper said.”Certainly our job is to work with (OC), get things done.Implementation and delivery is the responsibility of India the Organising Committee, the government of India and government of Delhi etc.,” he told a news channel.last_img

China backs India to successfully host Commonwealth Games

first_imgChina backed India’s ability to conduct the Commonwealth Games successfully saying that the Indian government has made “great efforts” to host them.”No matter which country host such large scale Games, it is quite a challenge,” Chinese Foreign Ministry Spokesperson, Jiang Yu told a media briefing when asked about the allegations that poor facilities were being provided for Commonwealth Games to be held in New Delhi.”I think the Indian government has made great efforts to prepare for the Games. I wish it will be a successful one,” she said.The unsavoury drama relating to the poor preparations of the Commonwealth Games in New Delhi and claims by its officials that the facilities would be better than that of 2008 Beijing Olympics which won international acclaim for China, generated considerable interest in the Games in Chinese official media.China itself is preparing to host yet another mega sports event, the 16th Asian Games in Guangzhou in November this year, which the organisers claim would be shade better than 2008 Beijing Olympics.The construction of all the facilities, including accommodation for more than 8000 athletes was finished and handed over to the Organising Committee on September 20.After more than two years of construction, Games Town is ready to accommodate the expected 40,000 athletes, coaches, technical officials and members of the media from around the world for the games to be held from November 12 to 27.In addition to an athletes’ village with 13 apartment buildings, the Games Town includes a media village, technical officials’ village, international broadcast centre and the main press centre.advertisementXu Ruisheng, vice-mayor of Guangzhou and executive deputy secretary-general of the organizing committee was quoted by the official media here recently as saying that “the facilities for the athletes at the Asian Games are much better than at the Beijing Summer Olympic Games.There is lot of green areas and it is a very good environment for the athletes,” he said.last_img read more

Moustache makes the man for all Vivek fans

first_imgVivek OberoiIt’s a hirsute affair-between the nose and the upper lip-that’s keeping Vivek Oberoi busy these days? Other than his film Rakht Charitra and his upcoming wedding, he is busy working his moustache! “Yes. The moustache takes a lot of work. It seems easy and you think you can grow it, keep it. But you have to trim it, comb it. It is tough to keep a moustache. But I am glad to have done so as my fans love it. Guys asked me about it when I went to promote Rakht Charitra in various cities big and small metros. Even girls thought I looked more dashing,” he says.Given the adulation from his young fans, Vivek was more than happy to oblige. Of late, he has been quite busy? travelling across the nation promoting his newest film and helping his parents with the wedding shopping.Sources close to the Oberois say the entire family is in a celebratory mood. From shopping to finalising the wedding venue, their calendar is full. The only thing that is under wraps is perhaps Priyanka Alva, his fiance.Poke him and he grins and mutters monosyllables like a coy bride. “Well, that’s personal,” the actor says.The little bee tells us that she isn’t fond of the moustache and there’s a probability that it will be sacrificed at the altar.Until the wedding, Vivek definitely will sport it for promotional purposes.last_img read more

Citi works to defend wealthy clients from rival bank poachers

first_imgHit by the massive fraud in its Gurgaon branch perpetrated by its rogue relationship manager Shivraj Puri, Citibank is planning to compensate the victims, even as it moved ‘damage control’ interactions with its High Networth Individual (HNIs) customers into high gear.Puri allegedly diverted over Rs 300 crore of funds from customers and non- customers of Citibank, into personal accounts and had been investing in equities market for over a year.In a statement issued issued on Saturday, Citi said it had been in contact with “impacted customers” and was in the process of reconciling the amounts involved with the customers. It is in the “process of working towards a fair compensation for them,” the bank said.Other banks, meanwhile, have been moving to try and snatch some of Citibank’s HNI customers citing that lack of sufficient risk management systems had led to the fraud.”A couple of days back, I have got a call from Citibank guys asking me to participate in their HNI meet, perhaps to explain their side of the (fraud) story. I am not even a Citibank customer. I see it as an exercise to retain or boost customer base in the wake of the fraud,” said one of the top three executives of a listed broking house, who wished not to be named.Sources said Citi had been responding to a flood of calls on the issue after the scam broke, though the number has been tailing off in recent days.Citibank, however, declined to comment on the issue of rising interactions with HNI customers.advertisementPolice investigation into the issue, revealed that Puri had attracted these funds from some people, including those of Hero Honda promoters, by offering a high returns of two per cent per month. Puri is in police custody for further investigations. About 40 persons or representatives of institutions or companies had walked into the trap laid by Puri.Most of those affected were wealth management customers of Citibank, with high net investible resources. While Citi’s wealth management entry threshold is Rs 36 lakh, it has a far more lucrative private banking business.The entry norms are reported to be much higher – Citi does not divulge details of its private banking business, but banking sources said only clients with minimum investible resources over Rs 5 crore qualified.It offers a range of services to such clients, including Trust Services, Philanthropic Advisory, Art Advisory, Aircraft Advisory and Sports Advisory.Sometimes wealth management involves investment of surplus funds of customer in their bank accounts for maximum returns and releasing funds for specific occasions of the customers like education, marriage and the likes in the customer’s family.Thus, wealth management is driven by returns and trust, which is what other banks want to emphasise and grab Citibank customers away. “This is an opportunity for us to enlist Citibank customers, citing that our bank has better risk management systems and practices compared to that bank,” a relationship executive of another bank, who is not authorised to speak to press, lamented.However, the institutional advisors feel that the Gurgaon fraud of the bank, that raised questions about the customer handling practices followed by banks in general, is unlikely to hit HNI business for them, though ‘sentiment’ has been affected to an extent.An institutional equities head of a listed broking firm said, “It is not a big issue for our business. But sentiment- wise, yes, it has some impact.”SALVAGING GOODWILLCitibank is planning to compensate the victims as it moved ‘damage control’ interactions with its High Networth Individual (HNIs) customers into high gearCiti has been in contact with ” impacted customers” and was in the process of reconciling the amounts involved with the customersOther banks, meanwhile, have been moving to try and snatch some of Citibank’s HNI customers citing that lack of sufficient risk management systems had led to the fraudSources said Citi had been responding to a flood of calls on the issue after the scam broke, though the number has been tailing off in recent daysInstitutional advisors feel that the Gurgaon fraud is unlikely to hit HNI business for them, though ‘ sentiment’ has been affected to an extentlast_img read more