WHITEPAPERSWORLD.COM: Latest News of The Day 14:12 2019-06-16

UPDATE 1-Chinese regulators will restructure Baoshang Bank as soon as possible

The Chinese government's takeover of Baoshang Bank has caused some pain but prevented bigger financial and social instability, and regulators will restructure the lender as soon as possible,...

UPDATE 1-Chinese regulators will restructure Baoshang Bank as soon as possible

Source: reuters.com

UPDATE 1-China to offer liquidity to Baoshang Bank China's central bank said on Sunday that it would offer liquidity to Inner Mongolia-based Baoshang Bank, which the country's financial regulators have said they would take over due to the serious cred...
10:48 2019-05-26

UPDATE 1-China central bank urges calm after Baoshang takeover China's central bank sought to calm investors on Sunday after last month's takeover of Inner Mongolia-based Baoshang Bank, saying regulators are not planning any more such moves for the moment....
19:24 2019-06-02

Chinese central bank steps up liquidity support for smaller lenders after Baoshang Bank takeover The People's Bank of China signaled its readiness to supply smaller banks with a steady stream of cash after the takeover of a troubled lender, letting more banks the funds and boosting liquidity...
10:24 2019-06-06

U.S. regulators ask Deutsche Bank to explain 'bad bank' proposal: FT U.S. regulators have sought explanation from Deutsche Bank AG about its "bad bank" proposal and its impact on U.S. operations at the loss-making German lender, the Financial Times reported on Monday....
10:48 2019-06-24

U.S. regulators ask Deutsche Bank to explain "bad bank" proposal -FT U.S. regulators have sought explanation from Deutsche Bank AG about its "bad bank" proposal and its impact on U.S. operations at the loss-making German lender, the Financial Times reported on Monday....
09:36 2019-06-24

UPDATE 3-U.S. regulators say some Boeing 737 MAX planes may have faulty parts The U.S. Federal Aviation Administration on Sunday disclosed a new problem involving Boeing Co's grounded 737 MAX, saying that more than 300 of that troubled plane and the prior generation 737 may con...
03:36 2019-06-03

UPDATE 1-Deutsche Bank to set up 50 bln euro bad bank -FT Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the ...
23:24 2019-06-16

UPDATE 1-Delfin asks U.S. regulators for more time to build floating LNG project Delfin LNG LLC asked U.S. federal energy regulators for a three-year and six-month extension until March 28, 2023 to build facilities proposed to connect floating liquefied natural gas (FLNG) vessels ...
21:24 2019-06-21

UPDATE 4-U.S. regulators approve $5 bln Facebook settlement over privacy issues - source The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its investigation into the social media company's handling of user data, a source familiar w...
01:00 2019-07-13

UPDATE 3-LG Electronics, regulators oppose Qualcomm's effort to put antitrust ruling on hold Smartphone maker LG Electronics Inc on Tuesday opposed Qualcomm Inc's efforts to put a sweeping U.S. antitrust decision against the chip supplier on hold as it pursues an appeal....
06:36 2019-06-12

UPDATE 2-LG Electronics, regulators oppose Qualcomm's effort to put antitrust ruling on hold Smartphone maker LG Electronics Inc on Tuesday opposed chip supplier Qualcomm Inc's efforts to put a sweeping U.S. antitrust decision against it on hold as it pursues an appeal....
04:36 2019-06-12

Coty to restructure, write down $3 bln of assets Coty Inc on Monday announced a sweeping overhaul of its operations and said it would write down about $3 billion of its intangible assets as it looks to turn around its business following challenges i...
15:12 2019-07-01

Struggling Beauty Giant Coty to Restructure Operations Cosmetics and fragrance giant Coty said it would restructure its operations and take a $3 billion write-down on the multibillion-dollar beauty business it acquired nearly three years ago from Procter ...
15:00 2019-07-01

Sports Direct challenges Debenhams restructure plan Retail mogul and Debenhams shareholder Mike Ashley has challenged the high street chain's plans to restructure the business following its rescue from administration in April....
21:24 2019-06-11

China debt: Baoshang bailout rattles lenders The move prompts questions about which other banks could be at risk, and forces the central bank to guarantee Bank of Jinzhou’s issuance of short-term debt....
18:48 2019-06-27

UPDATE 3-U.S. regional bank Prosperity to buy peer LegacyTexas for $2.1 bln U.S. regional bank Prosperity Bancshares Inc said on Monday it would buy Plano, Texas-based peer LegacyTexas Financial Group Inc for $2.1 billion, creating the second-biggest bank by deposits in the s...
03:48 2019-06-18

UPDATE 2-U.S. regional bank Prosperity to buy peer LegacyTexas for $2.1 bln U.S. regional bank Prosperity Bancshares Inc said on Monday it would buy Plano, Texas-based peer LegacyTexas Financial Group Inc for $2.1 billion that would create the second-biggest bank by deposits ...
15:00 2019-06-17

UPDATE 2-UK watchdog shakes up 'dysfunctional' bank overdraft market Britain's banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority (FCA) said on Friday, in a radical change that will raise...
12:00 2019-06-07

UPDATE 1-Metro Bank dodges major shareholder rebellion Metro Bank escaped a potential investor challenge at its annual meeting on Tuesday, but there were sizeable votes against several of its most senior directors....
20:36 2019-05-21

UPDATE 2-Deutsche Bank faces investigation for possible money-laundering lapses -NYT U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday....
10:48 2019-06-20

UPDATE 2-Mexico's president says big bank loan shows confidence in Pemex An $8 billion syndicated loan to Mexico's national oil company Pemex is a sign of confidence by more than 20 banks involved in the operation, Mexican President Andres Manuel Lopez Obrador said on Frid...
14:12 2019-06-29

UPDATE 2-Brazil's Bolsonaro replaces head of BNDES development bank Brazilian President Jair Bolsonaro's government has named a 38-year-old banking executive as the head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after Bolsonaro publicly...
03:48 2019-06-18

UPDATE 1-Brazil's Bolsonaro replaces head of BNDES development bank Brazilian President Jair Bolsonaro's government has named a 38-year-old banking executive to as the new head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after he was publ...
01:00 2019-06-18

REFILE-UPDATE 2-European shares dip on Deutsche Bank, fading hopes of sharp Fed cut Banks led European shares slightly lower on Monday as Deutsche Bank slid despite a major restructuring move, while fading hopes of a sharp interest-rate cut by the U.S. Federal Reserve weighed on broa...
21:24 2019-07-08

UPDATE 1-Mexico central bank chief flags concern over ratings setbacks Mexico's government must address concerns flagged by rating agencies over the sustainability of the country's finances following debt downgrades last week, Mexican Central Bank Governor Alejandro Diaz...
21:24 2019-06-11

UPDATE 1-Bank of Montreal profit misses estimates on rise in expenses, provisions Canada's fourth largest lender, Bank of Montreal, missed analysts' estimates for second-quarter profit on Wednesday, snapping seven straight quarters of profit beats, as higher expenses and provisions...
13:48 2019-05-29

UPDATE 4-Deutsche Bank faces FBI investigation for possible money-laundering lapses - source The U.S. Federal Bureau of Investigation is examining whether Deutsche Bank complied with laws meant to stop money laundering, a person with knowledge of the matter said on Thursday....
13:12 2019-06-20

UPDATE 1-Brazil prosecutors call for arrest of Bradesco branch managers, criticize bank Prosecutors in Brazil criticized compliance standards at Brazilian bank Banco Bradesco SA on Tuesday, after requesting that a federal court issue an arrest warrant for two branch managers allegedly in...
17:24 2019-05-28

UPDATE 1-Deutsche Bank held talks with Citi, BNP on shedding chunk of equities business -WSJ Deutsche Bank has held talks with Citigroup Inc, BNP Paribas SA and others over the possible sale of parts of its equities business, the Wall Street Journal reported on Tuesday....
03:24 2019-07-03

UPDATE 1-Shares in Brazil's Banco Inter soar as bank prepares share offering Brazilian digital lender Banco Inter SA has hired the investment banking units of JPMorgan Chase & Co, Banco BTG Pactual, Banco Bradesco SA, Goldman Sachs and Banco Santander Brasil to manage a 1 bill...
20:48 2019-07-04

UPDATE 1-Bank of America adds human option to enhance robo investment offerings Bank of America Corp is rolling out a new wealth management product that combines automated portfolios with human advice, becoming the latest brokerage to seek to boost business by blending digital wi...
17:48 2019-06-03

UPDATE 1-Brazil pension reform helps improve inflation outlook, says central bank chief Brazil Central Bank President Roberto Campos Neto on Thursday welcomed the approval by Congress of a landmark overhaul of the country's pension system, saying the reforms help create a benign outlook ...
08:12 2019-07-12

Deutsche Bank to quit equities, shrink investment bank in 7.4 bln euro overhaul Deutsche Bank said on Sunday it plans exit its global equities business and scale back its investment bank in a sweeping, 7.4 billion euro overhaul designed to turn around the struggling German flagsh...
21:12 2019-07-07

Deutsche Bank plans radical overhaul with €50bn hived off to 'bad bank' – reports The struggling German lender will move poorly performing assets and drastically shrink its investment banking arm, the FT saysDeutsche Bank has drawn up plans for a radical restructuring which will in...
12:00 2019-06-17

CITIC Bank Private Bank: Success = Technology + Human Touch CITIC Private Bank is leading Chinese private wealth managers in the adaptation of technology, but it is not forgetting the most important element of customer service and the notion that each App Must...
14:33 2019-05-21

Deutsche Bank CEO to invest 25% of fixed salary in bank's shares: source Deutsche Bank Chief Executive Officer Christian Sewing is planning to invest a quarter of his fixed salary in the bank's shares, a person with knowledge of the matter said on Tuesday....
15:48 2019-07-09

Deutsche Bank CEO readies investment bank cuts as stock hits low Deutsche Bank's chief executive is prepared to make "tough cutbacks" in its investment banking business, whose future is in doubt after several failed restructurings, in order to be profitable and com...
13:36 2019-05-23

Deutsche Bank CEO to invest 25% of fixed salary in bank's shares - source Deutsche Bank Chief Executive Officer Christian Sewing is planning to invest a quarter of his fixed salary in the bank's shares, a person with knowledge of the matter said on Tuesday....
14:48 2019-07-09

Deutsche Bank CEO pledges tough investment bank cuts as shares hit low Deutsche Bank's chief executive promised shareholders "tough cutbacks" at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany's biggest lender, wh...
16:24 2019-05-23

Deutsche Bank plans separate 'corporate bank' unit as part of overhaul: sources Deutsche Bank is planning to create a separate "corporate bank" unit that will seek to streamline services currently spread throughout the bank, two people familiar with the matter said on Friday....
14:00 2019-07-05

Deutsche Bank is kicking off a brutal cull of 18,000 jobs as part of a $8.3 billion overhaul. Here's what we know about what's going on at the German bank. Reuters/Kai Pfaffenbach Deutsche Bank CEO Christian Sewing revealed a sweeping overhaul of Germany's biggest bank after a supervisory board meeting on Sunday. The restructuring plan will see the bank...
12:12 2019-07-08

Deutsche Bank may create 'bad bank' for high-risk assets Germany's largest lender is planning to isolate up to €50 billion in high-risk assets, reported the Financial Times. The bank's chief executive has vowed to restore sustainable profitability to the ai...
15:24 2019-06-17

Western Europe's best bank bank for corporate responsibility 2019: dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy du...
15:48 2019-05-30

Deutsche Bank to reportedly set up 50 billion euro bad bank; shares pop over 3% Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets, the Financial Times reported on Sunday....
15:24 2019-06-17

Deutsche Bank's bank capital debt back in the red, CDS decline Deutsche Bank's capital boosting Additional Tier I debt issues dropped back into the red on Monday, giving away gains made in early trade following news of the German lender's planned overhaul over th...
14:48 2019-07-08

Deutsche Bank is about to undergo its biggest restructuring ever. Here's what we know about what's going on at the German bank. Reuters/Kai Pfaffenbach Deutsche Bank CEO Christian Sewing is expected to announce a sweeping overhaul of Germany's biggest bank after a supervisory board meeting on Sunday. The restructuring will re...
17:12 2019-07-06

Exit of Deutsche Bank's investment bank chief marks end of era The head of Deutsche Bank's investment bank agreed to step down on Friday in a sign of the division's waning influence as Germany's largest lender prepares a multi-billion dollar restructuring aimed a...
17:12 2019-07-05

Deutsche Bank CEO Signals More Cuts to Investment Bank Chief Executive Christian Sewing signaled Deutsche Bank will shrink its investment bank as it struggles to stabilize the business and regain support from investors who have pushed its shares to record...
15:36 2019-05-23

Deutsche Bank U.S. Operations Chief to Leave Bank Deutsche Bank AG’s chief operating officer for the Americas, Kate Clifford, has quit after a little more than a year in the role, according to people familiar with the matter....
23:24 2019-06-04

Deutsche Bank to set up 50 billion euro bad bank in revamp Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday....
19:24 2019-06-17

Deutsche Bank to set up 50 billion euro bad bank: FT Deutsche Bank is planning to overhaul its trading operations by creating a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading businesses, the ...
02:48 2019-06-17

Deutsche Bank to set up 50 billion euro bad bank Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday....
14:12 2019-06-17

In FX, clients are looking more like regulators The absence of a regulatory imperative has not deterred FX traders from increasing their use of transaction cost analysis tools, in turn increasing the pressure on brokers at a time when margins are a...
20:12 2019-05-21

EU regulators to decide on IBM's $34 bln Red Hat bid by June 27 EU antitrust regulators will decide by June 27 whether to clear U.S. tech giant International Business Machines Corp's $34 billion bid for software company Red Hat....
16:36 2019-05-21

Regulators Eye the Auctions That Decide Which Web Ads You See When you load a website, an electronic auction happens in milliseconds to determine which ads show up on your screen. Now, privacy regulators in Europe are beginning to scrutinize this process....
16:24 2019-07-09

EU regulators to decide on IBM's $34 billion Red Hat bid by June 27 EU antitrust regulators will decide by June 27 whether to clear U.S. tech giant International Business Machines Corp's $34 billion bid for software company Red Hat....
16:24 2019-05-21

"Rift Between Regulators Not In Anyone's Interest": Airlines On 737 Max Global airlines urged regulators on Sunday to coordinate on software changes to the Boeing 737 MAX, thus avoiding damaging splits over safety seen when the aircraft was grounded in March....
12:24 2019-06-02

European regulators demand changes to 737 Max autopilot It's not just American officials who think Boeing's 737 Max software needs more polish. A Bloomberg source said that the European Union Aviation Safety Agency (EASA) has told Boeing to make...
21:12 2019-07-07

Behind H2O’s Turmoil: Raters, Regulators and Liquidity “You can’t always get what you want,” the Rolling Stones sang. The band didn’t have illiquid assets in mind, but investors who put their money into funds that put it into things that can be hard to se...
23:48 2019-06-28

FAA meets with air regulators on fate of Boeing 737 MAX The Federal Aviation Administration is meeting with international air regulators Thursday from around the world to assess the status of the grounded Boeing Co 737 MAX and what steps are needed to retu...
16:48 2019-05-23

U.S. regulators say some Boeing 737 MAX planes may have faulty parts The U.S. Federal Aviation Administration on Sunday disclosed a new problem involving Boeing Co's grounded 737 MAX, saying that more than 300 of that troubled plane and the prior generation 737 may con...
01:48 2019-06-03

Facebook won't make Libra available until regulators are happy Facebook is determined to reassure officials that its Libra cryptocurrency is above-board. As part of prepared testimony for a July 16th Senate hearing, Calibra head David Marcus has stressed that th...
19:48 2019-07-15

Facebook met with Dutch regulators over ad fraud: lawyer Facebook is in talks with Dutch regulators about how to stop criminals who place advertisements for scam products on the internet company's platform, a lawyer said on Wednesday....
01:24 2019-06-06

A new Nest Cam Outdoor filing spotted going through US regulators Brace yourselves for a brand new Nest Cam Outdoor: a filing for just such a device has turned up at the Federal Communications Commission (FCC) in the US, suggesting a launch is on the way in the near...
13:36 2019-06-17

Facebook May Be Tough Beast for Regulators to Tame Facebook shares have been pummeled by negative news over the last 15 months, but investors enticed by its continued growth in the face of these challenges have regularly bought on the ensuing dips. In...
13:12 2019-06-04

Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners. The social media company said it had signed 27 partners to its Libra project. But executives at some of those companies said they were approaching it warily....
20:12 2019-06-27

Acting FDA chief says regulators don't know much about CBD despite 'explosion of interest' Despite the buzz around CBD, regulators don't know much about the safety of adding the cannabis compound to food, dietary supplements and other consumer products, Acting Food and Drug Administrat...
15:24 2019-05-31

US regulators carve up oversight of Amazon and Google If there weren't already signs that American regulators expect to crack down on tech giants, there are now. Washington Post sources said that the Department of Justice and the Federal Trade Comm...
07:48 2019-06-03

Regulators, Investors Zero In on Corporate Debt Market A decadelong rise in corporate borrowing is prompting new scrutiny from investors and regulators about how debt markets might hold up in an economic downturn....
16:12 2019-05-27

Facebook and Google likely to face new regulators for news and ads ACCC report argues for an authority to monitor ads to ensure tech giants do not break anti-competition lawsFacebook and Google are likely to face a strong push for new regulators in Australia to overs...
11:36 2019-06-28

More help to fight robocalls? Regulators to vote Thursday NEW YORK (AP) — Is the world getting safer from robocalls? It’s not clear. The Federal Communications Commission plans to vote Thursday on giving wireless carriers permission to do more against ...
09:12 2019-06-06

Kelkoo ready to take Google complaint to U.S. antitrust regulators: CEO British price comparison site Kelkoo is willing to take its complaint about Google to U.S. antitrust regulators because EU efforts to ensure a level playing field are inadequate, its chief executive s...
01:24 2019-06-06

Canada, Europe to choose when 737 MAX is safe as regulators meet In a potential challenge to U.S.-led efforts to build consensus on the Boeing Co 737 MAX flying again, Canada and Europe said on Wednesday they would bring back the grounded aircraft on their own term...
23:36 2019-05-22

The Latest: Regulators approve new tools to fight robocalls NEW YORK (AP) — The Latest on fighting robocalls (all times local): 11:15 a.m. Federal regulators are giving phone companies the right to block unwanted calls without getting customers’ permissi...
19:24 2019-06-06

Airlines urge regulators to work together to return 737 MAX to service Airlines on Thursday urged global regulators to coordinate on measures needed to bring the grounded 737 MAX jetliner back into service, as Boeing grappled with a new technical glitch and investors so...
19:36 2019-06-27

Can Facebook's Libra Avoid Regulators? History Suggests Not For all its crypto styling, Facebook’s Libra looks less like bitcoin and more like a 50-year-old type of investment fund that has attracted intense regulatory scrutiny since the 2008 financial crisis....
16:36 2019-07-04

Activists urge Google to break up before regulators force it to Shareholder activists want Google parent Alphabet Inc to break itself up before regulators force the world's biggest internet ad seller to split into different pieces....
19:48 2019-06-19

Kelkoo ready to take Google complaint to U.S. antitrust regulators -CEO British price comparison site Kelkoo is willing to take its complaint about Google to U.S. antitrust regulators because EU efforts to ensure a level playing field are inadequate, its chief executive s...
21:48 2019-06-05

Google Urged by Activists to Break Up Before Regulators Force It To Shareholder activists want Google parent Alphabet to break itself up before regulators force the world's biggest Internet ad seller to split into different pieces....
13:24 2019-06-19

Here Are Some Ways Amazon's Practices Have Caught The Eye of Antitrust Regulators Lately, there’s been a lot of antitrust chatter surrounding the big five tech giants. Earlier this month, Apple was under the microscope for its strict control over the App Store. This week, it looks ...
18:00 2019-06-05

The Latest: Minnesota regulators defend key PolyMet permit MINNEAPOLIS (AP) — The Latest on EPA criticism of a key permit for the planned PolyMet mine in Minnesota (all times local): 3:55 p.m. Minnesota regulators are defending their process for approving a k...
00:48 2019-06-14

Chinese Regulators Try to Calm Fears of a Funding Squeeze Chinese regulators made fresh attempts to calm frayed nerves in the country’s financial sector, as bank liquidity remained tight by some measures three weeks after authorities took over a struggling c...
13:48 2019-06-17

Europe shows challenges for US regulators targeting Big Tech LONDON (AP) — As U.S. authorities prepare to investigate Silicon Valley’s digital giants, they’ll look for inspiration — and warnings — from Europe, where regulators have led global effort...
14:00 2019-06-07

Vyleesi: latest attempt at 'female Viagra' approved by US regulators Pharmaceutical known chemically as bremelanotide is aimed at women with low sexual desire disorder or HSDDDrug regulators in the United States have approved Vyleesi, the latest attempt to come up with...
05:12 2019-06-22

Facebook's Libra cryptocurrency faces questions from international regulators Chair of Financial Stability Board says company’s plans could spark closer scrutiny of cryptocurrenciesFacebook’s Libra cryptocurrency is facing increasing skepticism from international regulators day...
19:36 2019-06-27

Amazon will be 'left alone' by regulators while other big tech companies suffer, Stifel says Amazon is likely to escape the increased scrutiny from federal regulators that the other big technology companies are currently facing, according to Stifel....
18:36 2019-06-07

Delfin asks U.S. regulators for more time to build floating LNG project Delfin LNG LLC asked U.S. federal energy regulators for a three-year and six-month extension until March 28, 2023 to build facilities proposed to connect floating liquefied natural gas (FLNG) vessels ...
21:24 2019-06-21

Amazon could face heightened antitrust scrutiny under a new agreement between U.S. regulators The move by the Justice Department and the Federal Trade Commission could result in heightened federal scrutiny of the two tech giants' business practices, according to three people familiar with the ...
00:36 2019-06-03

U.S. regulators approve $5 billion Facebook settlement over privacy issues (Reuters) — The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook this week over its investigation into the social media company’s handling of user data, a sou...
08:48 2019-07-13

EU regulators extend Vodafone, Liberty Global probe to July 23 EU antitrust regulators have extended by two weeks to July 23 their investigation into Vodafone's $22 billion bid for Liberty Global's cable networks in Germany and central Europe, according to a fil...
14:24 2019-05-24

U.S. regulators divide scrutiny of Amazon and Google -Washington Post U.S. antitrust regulators have divided oversight of Amazon.com Inc and Alphabet Inc's Google, putting Amazon under the watch of the Federal Trade Commission and Google under the Justice Department, th...
08:00 2019-06-02

U.S. regulators divide scrutiny of Amazon and Google: Washington Post U.S. antitrust regulators have divided oversight of Amazon.com Inc and Alphabet Inc's Google, putting Amazon under the watch of the Federal Trade Commission and Google under the Justice Department, th...
06:48 2019-06-02

Rift emerges between regulators reviewing merger between Sprint and T-Mobile The proposal to combine the nation's third- and fourth-largest wireless carriers entered uncertain legal territory after the Federal Communications Commission and the Justice Department appeared to sp...
21:48 2019-05-21

U.S. regulators approve $5 billion Facebook settlement over privacy issues: source The U.S. Federal Trade Commission approved a roughly $5 billion settlement with Facebook Inc this week over its investigation into the social media company's handling of user data, a source familiar ...
23:24 2019-07-12

Regulators fine British Airways record $230M for data breach The British government said Monday it will fine British Airways a record $230 million for a security breach that affected the personal data of about 500,000 customers a year ago....
13:24 2019-07-08

Tesla Driver Imitates Regulators by Appearing to Fall Asleep With Autopilot On We’ve seen this before, and you better believe we’re going to see a hell of a lot more of it. According to video obtained by NBC Los Angeles and an interview with the person who shot the footage, a Te...
21:24 2019-06-14

Regulators Are Taking Steps to Block Robocalls That Annoy Millions of Americans (NEW YORK) — New measures by U.S. regulators could help thwart some of the billions of robocalls received in the U.S. The rising volume of calls in the last few years has created pressure on Con...
17:36 2019-05-21

LG Electronics, regulators oppose Qualcomm's effort to put antitrust ruling on hold Smartphone maker LG Electronics Inc on Tuesday opposed Qualcomm Inc's efforts to put a sweeping U.S. antitrust decision against the chip supplier on hold as it pursues an appeal....
08:48 2019-06-12

U.S. markets regulators reach deal on Dodd-Frank swaps capital rules U.S. markets regulators on Friday unveiled an agreement on how much capital and margin firms must hold when trading swaps based on securities, finalizing a key piece of the 2010 Dodd-Frank law introdu...
18:24 2019-06-21

Antitrust regulators may also scrutinize internet firms' cryptocurrencies: German cartel chief Cryptocurrencies backed by big internet companies could come under the scrutiny of antitrust regulators, the head of Germany's Federal Cartel Office said on Thursday after Facebook last week launched ...
20:00 2019-06-27

Burner Phones, Leaks to Journalists: Regulators Probe Suspected Insider-Trading Scheme A former Citigroup employee was the alleged middleman in what authorities believe may be an insider trading scheme, according to people familiar with the matter and disclosures in a U.K. court case....
10:24 2019-06-28

North Carolina Regulators Seize Control of Life Insurers Owned by Greg Lindberg North Carolina’s insurance department seized control of a group of troubled life insurers owned by Greg Lindberg, who was arrested in April on federal criminal charges of conspiring to bribe the state...
21:48 2019-06-27

What’s a Bad Bank and How Can It Help Deutsche Bank? When a lender is in trouble and decides to switch strategy, the solution can be what’s commonly referred to as a “bad bank.” It’s a plan that Deutsche Bank AG is said to be studying to help it return ...
09:48 2019-07-06

Mandatory update coming to Windows 7, 2008 to kill off weak update hashes Enlarge Windows 7 and Windows Server 2008 users will imminently have to deploy a mandatory patch if they want to continue updating their systems, as spotted by Mary Jo Foley. Currently, Microsoft's...
23:12 2019-05-21

World War Z Game Update: July 2019 FREE Six Skulls update and more coming this week Co-op shooter World War Z is getting a big update this week, and publisher Focus Home Interactive has promised that there's plenty to come in the next few months....
14:24 2019-07-02

Anthem Update Patch Notes 1.2.0 Today: New Freeplay Update, Cataclysm news coming tomorrow EA and Bioware have pushed out the first Anthem update in weeks - and we're expecting some more news to come tomorrow, too. Here's what you need to know....
22:48 2019-05-29

'Outrageous conflicts of interest': Watchdog groups urge California Gov. Gavin Newsom to fire oil regulators Top California oil and gas agency employees held investments in companies they regulate, records indicate. Fracking permits are up sharply this year.        ...
07:48 2019-07-11

Fortnite Update 9.20 Time: Epic Games confirm next Fortnite update and server downtime Today Epic Games has finally confirmed when the next Fortnite Update will be released on PS4, Xbox and the many other devices capable of playing Fortnite Battle Royale....
00:48 2019-06-06

Deutsche Bank's Best Shot May Not Be Enough In theory, Deutsche Bank’s strategic reset is as sensible as it is overdue. In practice, it will require flawless execution and may not go far enough....
19:24 2019-07-08

Deutsche Bank to axe 18,000 jobs Deutsche Bank says it will cut 18,000 jobs by 2022 as part of a major restructuring of the embattled bank. For years, Germany's biggest lender has suffered from weak performance and legal woes....
00:12 2019-07-08

Deutsche Bank: is it really different this time? Christian Sewing has set the bank a difficult task of cutting businesses and costs yet growing revenues in the next three years; not everyone is convinced it can do both...
17:48 2019-07-08

The green bank for kids - set up by a child José Adolfo Quisocala teaches poor children how to save and to earn money by recyclingHe is a Peruvian banker who encourages schoolchildren to save, and offers his 2,000 customers cash for recycling p...
11:36 2019-05-31

Trump says Deutsche Bank 'maligned' U.S. President Donald Trump in a tweet on Thursday said Deutsche Bank AG, which he has done business with, was being "badly written about and maligned."...
14:36 2019-07-11

NDB: The Brics bank takes shape Over the last 12 months, the New Development Bank has gone from concept to fully fledged lender. It says it wants to be differentiated by its nimbleness and focus on sustainability. Where does it fit ...
14:39 2019-05-21

Expectations are low for bank earnings but investors say 'buy' Low interest rates and weak trading volume have pushed down Wall Street's second-quarter estimates for the biggest U.S. banks, yet investors still say they want in on the sector....
14:24 2019-07-12

Investment bank environment still very fragile says UBS Investment banking conditions have improved over recent months but remains "very fragile," UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender's own business was performing in...
14:24 2019-06-06

After Deutsche Bank cuts, where will the growth be? For Deutsche Bank chief executive Christian Sewing, shrinking the group's investment bank will be the relatively easy - if expensive - part of his restructuring plan....
20:12 2019-07-07

Nordea Bank says its CEO will retire by end-2020 HELSINKI (AP) — The Nordic region’s largest financial group says it has begun looking for a successor to replace its current chief executive, who is retiring by the end of 2020. Nordea Bank conf...
20:24 2019-06-30

Australia's central bank says 'likely' will have to cut rates again - Australia's central bank believes it will likely have to cut interest rates further from the current record low of 1.25% in order to push down unemployment and revive growth in wages and inflation....
13:00 2019-06-18

Deutsche Bank considering up to 20,000 job cuts, WSJ reports Deutsche Bank AG is considering cutting 15,000 to 20,000 jobs, or more than one in six full-time positions globally, the Wall Street Journal reported on Friday, citing people familiar with the discus...
18:36 2019-06-28

Deutsche Bank Considers Up to 20,000 Job Cuts Deutsche Bank is weighing whether to cut 15,000 to 20,000 jobs, or more than one in six full-time positions globally, the latest sign of the once-mighty bank’s retreat from global prominence sent....
17:36 2019-06-28

Indian Bank Defrauded by Another Borrower The Indian bank that fell victim to one of the country’s biggest banking scams said that another borrower had defrauded it of half a billion dollars....
16:36 2019-07-08

New name for BB&T-SunTrust bank lampooned: 'You could put this on a brand of toothpaste' "They have thrown aside two great brands that had real value in exchange for this horrific, means-nothing statement," said investor psychologist Peter Atwater....
22:24 2019-06-13

Japan's Lesson for the Fed: No Central Bank Is an Island In the rally currently roaring through the global bond market, Japan is being left behind, exposing the key flaws in its unique monetary policy platform....
13:36 2019-06-19

Best power bank in India: Best batteries over 10,000mAh Believe it or not, smartphone batteries have gotten better over the last few years, especially compared to when Android phones just arrived into the market. The powerful pocket computers demand power ...
16:12 2019-06-07

Bank of England welcomes Facebook currency Mark Carney has issued an unexpectedly warm welcome to Facebook’s new global currency, saying tech companies and non-banks could soon be given access to the Bank of England’s balance sheet...
19:36 2019-06-20

The Bank of England’s recipe for managed decline The central bank’s new ideas for how to modernize Britain’s financial system could eat into banks’ revenues, while helping them cut costs. For the wider economy, Brexit will still smother the intended...
20:24 2019-06-27

The Downsides of Central Bank Mission Creep Many central banks argue that they have a mandate to act on the impact from climate change. This sort of mission creep might only serve to enmesh central banks more in politics—and make them less reli...
15:12 2019-06-18

Moody's Places Yes Bank Under Review For 'Downgrade' Shares of Yes Bank, which rose as much as 5.6 per cent intraday, pared some gains to settle 2.7 per centhigher on the NSE Nifty that was up 0.36 per cent....
13:48 2019-06-11

Bank of England expects zero growth in UK economy The Bank of England says it now expects zero growth in the UK economy in the second quarter of the year as no-deal Brexit fears and the US-China trade war weigh on demand....
19:36 2019-06-20

Democrats defy Waters on Ex-Im Bank crackdown House Democrats are poised to challenge a deal negotiated by Rep. Maxine Waters that would impose new restrictions on the Export-Import Bank, the first show of resistance among members of the Financia...
15:24 2019-06-21

RBS eyes bid for £3.7bn Tesco Bank mortgage book The ‎state-backed Royal Bank of Scotland (RBS) is pursuing its biggest acquisition since the financial crisis by tabling a bid for Tesco Bank's £3.7bn book of mortgages....
00:36 2019-06-22

Deutsche Bank's uncertain road to recovery The German lender is planning to cut thousands of jobs and shed whole business lines as part of a major reorganization. Analysts say cost cutting alone is not going to rid Deutsche Bank of its current...
12:48 2019-07-05

Police: Man says he robbed bank because he couldn’t buy meds SALT LAKE CITY (AP) — Police say a 65-year-old man told them he robbed a Utah bank because he didn’t have the money for medication he needed. The Salt Lake Tribune reported Friday that Glenn Dou...
02:24 2019-06-08

When You Sell Your Stuff for Cash, Meet at the Bank Police stations are a popular spot for exchanging used goods for cash in our Craigslist/Offerup/Letgo/eBay/Nextdoor-filled lives. In fact, many police stations have launched “safe zones” specifically ...
17:48 2019-07-04

Warriors bank on Thompson's return for Game 4 OAKLAND - The Toronto Raptors can move within one game of their first championship Friday night, but likely they will see a different-looking opponent than two days earlier when they take the floor fo...
03:36 2019-06-07

Bank Stocks Hurt by More Than Falling Rates Bank stocks soared ahead of the S&P 500 early in the year, but recent worries that trade tensions will hit the economy have dented shares of lenders in several ways....
16:48 2019-05-29

Singapore to issue digital bank licenses Move to issue up to five new digital bank licenses will add market diversity and boost the local banking system in Singapore's bid to become a digital economy, says industry regulator, which will begi...
17:48 2019-06-29

Deal: LG G8 ThinQ is $200 off at B&H and comes with free power bank Just like many other flagship smartphones available in the US, the unlocked LG G8 ThinQ is compatible with all major carriers in the country, including AT&T, Sprint, T-Mobile and Verizon. Even though ...
00:12 2019-06-15

Former Wells Fargo CEO: 'This is the time' for bank acquisitions Former Wells Fargo CEO Richard Kovacevich says the depressed valuations for banks and other financial firms mean "this is the time" for acquisitions and mergers in the industry....
03:36 2019-07-16

China's Yuan Weakens Despite the Will of its Central Bank Why has China's central bank let the yuan plunge against the US Dollar since April 2018? Well, China's central bank tried and failed to change the trend. who saw the decline coming? Chart of the Day h...
23:24 2019-06-10

Ex-RBS exec Brown to take helm at Sainsbury's Bank A former Royal Bank of Scotland (RBS) executive is to become the next boss of J Sainsbury's financial services arm as the supermarket giant tries to rebuild the division's profitability....
22:12 2019-06-10

This is what it really looks like inside a bank's cybersecurity center right before an attack In this excerpt from Kate Fazzini's new book "Kingdom of Lies," she takes you directly inside the security operations center of one of the world's largest banks....
17:24 2019-06-15

US ambassador says Israel 'has the right to retain some' of the West Bank President Trump’s administration won’t “prejudge” an Israeli effort to annex settlements in the West Bank, according to the top U.S. envoy to Israel....
21:12 2019-06-08

New Startup-Focused Bank Gets More Than $100 Million From Investors A group of investors has bet more than $100 million on Grasshopper Bancorp, a new digital bank that is looking to tap into the growth of technology startups and the venture-capital firms that fund the...
14:12 2019-05-30

Western Europe's best digital bank 2019: dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy dummy copy du...
15:48 2019-05-30

Former Deutsche Bank co-CEO included in cum-ex probe: paper German prosecutors are probing former Deutsche Bank co-Chief Executive Anshu Jain and 78 other current and former bank officials as part of an investigation into a dividend tax-stripping scheme, Germa...
18:36 2019-06-07

Deutsche Bank Shares Continue to Fall Deutsche Bank AG shares slid a second day as investors and analysts questioned the German lender’s growth projections and management’s grip on restructuring....
21:48 2019-07-09

PCSD searching for bank robbery suspect TUCSON- The Pima County Sheriff’s Department is searching for a suspect that robbed the National Bank of Arizona at 5360 North La Cholla Boulevard. The suspect is described as between 5 feet 6 i...
17:12 2019-05-21

How Deutsche Bank could turn into another Lehman Brothers Stock enthusiasts would be wise to keep a close watch on what is happening at Deutsche Bank, which shook up its business and said it planned to lay off thousands of traders and other workers. One of D...
04:36 2019-07-09

Deutsche Bank careers end in an envelope, a hug and a cab ride Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a re...
09:24 2019-07-09

A Money Center Bank Falls to a 10-Plus Year Low: Now What? From a high near $150 in 2007, Deutsche Bank's share price recently fell below $8. But is this the end of the long down trend? A hint comes from an Elliott Wave pattern that unfolds in three legs. See...
14:33 2019-05-21

All You Need To Know About State Bank Of India ATM Transaction Limits State Bank of India (SBI) account ATM charges: SBI savings account holders with an MAB or monthly average balance - minimum balance - above Rs 25,000 are allowed unlimited ATM transactions at the......
13:00 2019-05-22

Sewing’s savings: how Deutsche Bank will try to turn itself around Germany’s biggest bank wants to convince investors that its latest restructuring effort differs from previous attempts by returning the firm to its original mission....
17:48 2019-07-08

Wealth management: Bank of Morgan Stanley Ten years on from the crisis, Morgan Stanley was already a different animal, with a shift to half its revenues generated from wealth management – what will it look like in another 10 years? Maybe more...
14:33 2019-05-21

Deutsche Bank slashing 18K jobs by 2022 FRANKFURT, Germany — Germany’s struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at restoring consiste...
23:48 2019-07-07

RBC becomes first major bank to forecast BoE rate cut this year The Bank of England will be forced to cut interest rates this year because of rising risks to Britain from Brexit and global trade tensions, Royal Bank of Canada predicted, the first major bank to mak...
14:36 2019-07-11

Deutsche Bank, in a Last-Ditch Effort to Stop Its Spiral, Could Lay Off 20,000 The German bank is said to be preparing a sweeping restructuring that will eliminate thousands of jobs and bring to an end its 20-year foray into Wall Street....
00:48 2019-06-29

IMF's Christine Lagarde nominated for top job at European Central Bank The European Council officially nominated on Tuesday Christine Lagarde, managing director of the International Monetary Fund, to become the next president of the European Central Bank....
03:48 2019-07-03

Deutsche Bank's aim to make profit in 2020 is uncertain: CFO Deutsche Bank aims to break even or turn a profit in 2020 but there is "significant uncertainty in that forecast", the bank's finance chief said on Monday....
16:48 2019-07-08

One major bank is holding the line, saying the Fed won't cut rates this year The economists at Citi maintained their call for no rate cuts this year after the Federal Reserve said the case for an easier monetary policy has strengthened....
22:00 2019-06-20

Deutsche Bank Warns Clients They Could Be Cut Off in Compliance Effort Deutsche Bank has given around 1,000 investment-banking clients a month or less to hand over company-ownership information and other documentation in the bank’s protracted effort to close compliance g...
12:00 2019-06-12

Deutsche Bank shares rise after shake-up to cut 18,000 jobs Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000 jobs around the world, starting the day with cuts i...
10:00 2019-07-08

Credit Suisse exec heads to Deutsche Bank Deutsche Bank has named Steven Feinberg to manage its US investment-grade debt trading, Bloomberg reported. Feinberg had previously worked at Credit Suisse Group for almost two decades. Feinberg will ...
07:36 2019-06-20

UK digital bank Monzo takes first steps into U.S. market Fast-growing British digital bank Monzo is launching in the United States through a limited rollout of its app-based checking account and connected debit card, it said on Thursday....
17:48 2019-06-13

The Latest: European Central Bank gives economy more support The European Central Bank has taken action to support the economy in the 19 countries that use the euro, responding to fears about global trade conflicts...
14:12 2019-06-06

HIGHLIGHTS-Bank of England's Carney speaks on Brexit, IMF job Bank of England Governor Mark Carney and other top officials from the central bank spoke to reporters on Thursday after the BoE published its Financial Stability Report which looks at risks to the eco...
14:36 2019-07-11

The Latest: European Central Bank ready to help economy more VILNIUS, Lithuania (AP) — The Latest on the European Central Bank’s monetary policy meeting (all times local): 4:25 p.m. European Central Bank President Mario Draghi said the bank is ready to &#...
16:00 2019-06-06

Germany Inc. Shudders as Deutsche Bank, Others Face Crises German efficiency has taken a hit this year as many of the country’s most recognizable corporations have faced setbacks, hurt by a slowing local economy, questionable business decisions and digital tr...
13:12 2019-07-12

Deutsche Bank Credit Rating Downgraded by Fitch Fitch Ratings on Friday downgraded Deutsche Bank AG’s long-term debt rating, citing the German lender’s low profitability and doubts about its business model....
22:12 2019-06-07

Trump is a huge headache for Deutsche. But the bank has plenty more. To stem a decade of decline, the bank announced Sunday a sweeping restructuring, including gutting most of its investment bank operations. As many as 18,000 jobs could be cut across the world....
08:24 2019-07-08

Bank of England set to keep rates on hold over Brexit unease LONDON (AP) — The Bank of England is expected to keep interest rates on hold Thursday but indicate a possible increase later this year despite uncertainty over Brexit. The rate-setting Monetary Policy...
07:48 2019-06-20

Deutsche Bank to axe investment bankers in up to $5.6 billion revamp Deutsche Bank is preparing to unveil a sweeping, multi-billion euro overhaul within days that would see the axe fall heaviest on investment bankers, sources familiar with the matter said on Wednesday...
23:00 2019-07-03

Deutsche Bank plans cuts at its US equities business Deutsche Bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the m...
14:36 2019-05-24

Even the Google Calendar app is being used by scammers to drain your bank account Scammers apparently live by the motto "where there's a will there's a way." Take the Google Calendar app. As Wired notes, criminals with malicious intent are taking advantage of one of the default set...
02:36 2019-06-23

New Zealand to start protecting bank deposits of most savers WELLINGTON, New Zealand (AP) — New Zealand remains one of the few developed countries where people with bank savings have no recourse if their bank fails, but the government says that’s about to...
09:12 2019-06-24

Deutsche Bank in wealth management hiring spree Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by 2021, as part of a plan to bulk up in areas the German lender hopes will bring steadier r...
11:48 2019-06-30

Brazil's Usiminas renegotiates bank debts -filing Brazilian steelmaker Usiminas has signed a debt restructuring agreement with several banks including Brazil's Itau Unibanco SA, Banco Bradesco SA and Banco do Brasil SA, it said in a filing on Monday....
15:36 2019-07-01

JPMorgan shareholders approve bank's executive pay with protest JPMorgan Chase & Co said on Tuesday that only 71.64 percent of shareholders voted to approve its executive compensation packages, marking a rare instance of criticism over the bank's top leaders pay....
19:00 2019-05-21

Bank of America Cut Off Private Prisons Weeks After Lending to One Bank of America said last week it would stop dealing with private prisons. What it didn’t say: it had recently agreed to lend $90 million to one of the largest companies in the business through 2024....
15:12 2019-07-02

| Liberia president seeks to clean up central bank Liberian President George Weah has shaken up the leadership of the Central Bank of Liberia in a bid to restore confidence in an institution dogged by scandal....
22:12 2019-05-29

RBI Imposes Rs 2 Crore Fine On Kotak Mahindra Bank The RBI said it decided to impose a penalty after reviewing the bank's reply to a notice seeking an explanation about why it had not complied with regulatory norms....
12:48 2019-06-08

Key Things To Know About SBI's Basic Savings Bank Deposit Account SBI's zero balance account: A basic RuPay ATM-cum-debit card is issued free of cost and no annual maintenance charge is applied. The receipt/ credit of money through electronic payment channels like.....
21:24 2019-05-24

Hitman 2’s first DLC level is a quirky and thrilling bank heist Hitman 2's first DLC level is live, and it exemplifies why the game is so delightful. It flips from throwing cheeseburgers at nerds to "Heat," instantly.Read More...
00:12 2019-06-29

Commerzbank open to M&A after Deutsche Bank talks collapse Commerzbank may refine its strategy and is still open to mergers following the collapse of talks with its larger rival Deutsche Bank, the lender's chief executive said on Wednesday....
20:00 2019-05-22

Deutsche Bank layoffs on heels of years of trouble AP banking reporter Ken Sweet said the layoffs just announced at Deutsche Bank are a sign of "trouble" for a bank that has seen a revolving door of CEO's. (July 8)      ...
03:00 2019-07-09

How Deutsche Bank’s Woes Infect All European Lenders Europe has too many banks making too little money. The continent’s big lenders appear to lurch from crisis to crisis, burning through chief executives and seemingly endless resets of strategy. The fla...
13:12 2019-07-08

Bank transfer fraud victims to get refunds under new code Bank account holders who are tricked into transferring money to fraudsters could be entitled to reimbursement under a new voluntary industry code coming into force from today....
09:12 2019-05-28

Deutsche Bank Careers Ended With An Envelope, A Hug And A Cab Ride Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a......
23:00 2019-07-08

India's central bank is on track for 'at least one more' rate cut, JPMorgan says The Reserve Bank of India cut its policy repo rate, or the rate at which it lends to banks, by 25 basis points from 6% to 5.75% and changed its stance from neutral to accommodative....
11:24 2019-06-07

Central bank slashes German growth predictions Germany's Bundesbank has cut its projections for economic growth in 2019, citing "lackluster" exports. It said both growth and the inflation rate in the eurozone's biggest economy were currently facin...
11:12 2019-06-07

U.S. Ambassador Says Israel Has Right to Annex Parts of West Bank Ambassador David M. Friedman opened the door to American acceptance of Israel’s annexation of parts of the West Bank, a move that would violate international law....
10:48 2019-06-08

Deutsche Bank to Slash 18,000 Jobs in a Sweeping Restructuring FRANKFURT, Germany (AP) — Germany’s struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at r...
07:12 2019-07-08

Government To Get Swiss Bank Details Of All Indians From September India's fight against suspected black money stashed abroad will get a major boost this September in the form of first set of detailed financial information about all Indians having Swiss bank......
20:12 2019-07-10

This big bank is eliminating all fees on checking and savings accounts Discover is doing away with fees of any kind on its checking, savings, money market and certificate of deposit accounts.       ...
20:48 2019-06-17

Deutsche Bank Says Software to Detect Money Laundering Had a Bug The bank’s acknowledgment that faulty software had been used to screen transactions for suspicious activity came a day before executives prepared to face restive investors at an annual meeting....
01:48 2019-05-23

U.S. probes Deutsche Bank's dealings with Malaysia's 1MDB: WSJ The U.S. Justice Department is investigating whether Deutsche Bank AG violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wal...
08:48 2019-07-11

Turkey’s President Removes Head of Central Bank Differences between Recep Tayyip Erdogan and the bank’s governor, Murat Cetinkaya, had deepened as the bank held its benchmark interest rate at 24 percent....
20:24 2019-07-06

Bank Stocks Climb on Mexico Tariff Delay Stocks of large commercial lenders rose after the U.S.’s decision to hold off implementing trade tariffs on Mexican imports brightened investors’ economic outlook....
21:12 2019-06-10

Unprecedented Rs 71,500-Crore Bank Frauds Reported In 2018-19: RBI In the last 11 fiscal years, a total of 53,334 cases of fraud were reported by banks involving a massive amount of Rs 2.05 lakh crore, according to data from the central bank. A total of 4,534 and......
19:12 2019-06-03

Deutsche Bank to cut 18,000 jobs in 7.4 billion euro overhaul Deutsche Bank is to ax vast swathes of its trading desks in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis, in a restructuring that will see 18,000 job...
22:24 2019-07-07

World Bank downgrades its forecast for global economy WASHINGTON (AP) — The World Bank is downgrading its forecast for the global economy in light of trade conflicts, financial strains and unexpectedly sharp slowdowns in wealthier countries. The bank, an...
22:24 2019-06-04

PNB, Allahabad Bank, 2 Other Lenders Fined For Non-Compliance With Norms While Punjab National Bank (PNB), Allahabad Bank and UCO Bank have been fined Rs 50 lakh each, Corporation Bank has been asked to pay a penalty of Rs 25 lakh....
10:24 2019-07-03

Borrowing from your 401(k) is easy. But should you really break open that piggy bank? Nearly 3 in 10 Americans dip into retirement savings, says Transamerica. It pays for higher education, lowering debt and covering medical costs.        ...
14:48 2019-05-21

Ernst & Young Quits as Auditor for Chinese Bank The firm’s resignation adds to concerns about the health of the China’s regional banks following a government takeover of a troubled small bank last month....
13:36 2019-06-03

Police look to Facebook, bank records in quadruple slaying Police are turning to Facebook and bank records to try to identify a motive for why four people were killed at a North Dakota business two months ago....
00:24 2019-06-11

Trio charged in Tucson takedown bank robbery TUCSON – Three men have been sentenced to prison in connection with a takedown bank robbery that happened last year. Prosecutors say Jovante Lamar Fryson II, 20, and Amauje Jason Ferguson, 23, w...
23:01 2019-06-27

Deutsche Bank, massive payoffs and being rewarded for failure Public outrage at departing financial executives receiving millions is often palpable. Yet grappling with the issue is harder than it looks in an industry that serves itself above all others....
12:12 2019-07-12

Jodrell Bank Observatory becomes world heritage site Unesco recognises Cheshire home of Lovell telescope for contribution to astronomical researchAn observatory in Cheshire that has been at the forefront of astronomical research for decades has been add...
13:48 2019-07-07

Erdogan Dismisses Governor of Turkey's Central Bank President Recep Tayyip Erdogan has dismissed the governor of Turkey’s central bank, sparking fresh investor concerns over the independence of an institution that has strained to combat runaway inflati...
11:12 2019-07-07

U.S. Investigating Deutsche Bank's Dealings With Malaysian Fund The sprawling, multibillion-dollar Malaysian development fraud scandal that has toppled a prime minister and stretched from Hollywood to Wall Street is threatening to implicate Germany’s biggest bank....
07:36 2019-07-11

The Bank of England will honor Alan Turing on its new £50 note The Bank of England has chosen Alan Turing, computing pioneer and a code-cracker during World War Two, to be featured on its new £50 note. Turing contributed significantly to the field of mathem...
19:48 2019-07-15

Axe falls on 18,000 Deutsche Bank jobs in $8.3 billion reinvention Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) "reinvention" which Germany's largest lender said would mean yet another a...
16:48 2019-07-08

Deutsche Bank Seeks to Reassure Investors Over Restructuring Deutsche Bank shares were volatile as the German lender insisted it could radically restructure its business without having to ask shareholders for more capital to help pay for staff cuts and losses....
15:01 2019-07-08

India’s central bank cuts lending rate to 5.75% NEW DELHI (AP) — India’s central bank has cut its key interest rate by a quarter of a percentage point to 5.75% from 6% with immediate effect to fortify the economy as consumer spending and corp...
09:12 2019-06-06

UK lawmakers ask authorities to investigate bank forgery allegations British lawmakers on Tuesday asked financial and legal authorities to investigate allegations that banks have forged signatures on legal documents for home repossession and other matters....
13:12 2019-07-09

Deutsche Bank careers curtailed with an envelope, a hug and a cab ride Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a re...
16:48 2019-07-08

The best bank holiday sales still available at Amazon, Argos, Boohoo and more The second set of May's Bank Holiday Sales have launched early at many stores and we're here to roundup the best deals and tell you who is having the best sales events from now and throughou...
19:00 2019-05-23

Masked burglar caught on camera breaking into bank ATM A man was caught on video breaking into an ATM machine inside a Queens bank on Wednesday and allegedly stealing cash before running off, according to police and video obtained by the Post. The thief m...
16:24 2019-05-22

RBI Penalises HDFC Bank For Violating Know Your Customer Norms The Reserve Bank of India (RBI) has imposed a fine of Rs 1 crore on private sector lender HDFC Bank for violating norms related to know your customer....
13:00 2019-06-19

Rabobank is the second major bank to cancel its cryptocurrency wallet After exploring the opportunity last year, major Dutch bank Rabobank has decided it’s not going to take its plans for a cryptocurrency wallet any further. In February last year, news surfaced that Rab...
18:24 2019-05-23

Deutsche Bank set to return to roots with radical reboot The German lender is cutting thousands of jobs and shedding whole business lines as part of a massive overhaul. Analysts say cost cutting alone is not going to rid Deutsche Bank of its current woes....
13:24 2019-07-08

US-China trade war unlikely to end soon, ex-Chinese central bank chief says The deadlock over trade between the U.S. and China is unlikely to end during next month's G20 summit in Japan, with a former Chinese central bank chief blaming President Trump for the lack of breakthr...
13:24 2019-05-31

US ambassador: Israel has right to annex parts of West Bank David Friedman gives interview to New York Times‘Israel has right to some, but unlikely all’ of disputed territoryThe US ambassador to Israel did not rule out an Israeli move to annex parts of the occ...
20:24 2019-06-08

US ambassador: Israel can retain parts of West Bank JERUSALEM (AP) — The U.S. ambassador in Jerusalem says Israel has the right to retain parts, but not all, of the West Bank. David Friedman’s remarks in an interview with The New York Times publi...
20:24 2019-06-08

Deutsche Bank Senior U.S. Bankers Poised to Leave Two of Deutsche Bank’s top New York deal makers are poised to leave the embattled lender ahead of impending deep cuts to its Wall Street investment bank....
23:12 2019-06-18

Germany's Deutsche Bank To Cut 18,000 Jobs In Major Overhaul The overhaul, one of several over the past few years, signals that Deutsche is coming to terms with its failure to keep pace with Wall Street's big hitters such as JP Morgan Chase & Co and Goldman......
06:12 2019-07-08

Deutsche Bank shares slide again on skepticism about turnaround Deutsche Bank shares extended losses on Tuesday on investor doubts that the new chief executive can revive the lender by shrinking the investment bank and returning to its roots as banker to corporat...
11:24 2019-07-09

Pakistan To Get $3.4 Billion In Budgetary Aid From Asian Development Bank Pakistan will receive $3.4 billion in budgetary support from the Asian Development Bank (ABD), the de facto finance minister said on Saturday, as the government seeks help to overcome a ballooning......
20:12 2019-06-15

Factbox: Deutsche Bank staff react to 18,000 global job cuts Whole teams at Deutsche Bank were told on Monday their jobs had been axed as it began 18,000 job cuts globally in one of the biggest overhauls to an investment bank since the aftermath of the financia...
16:48 2019-07-08

Israeli and Palestinian forces exchange fire in West Bank JERUSALEM (AP) — Israeli and Palestinian forces have engaged in a rare shootout in the West Bank. Palestinian officials say one officer was lightly wounded in Tuesday’s gunfight, which erupted o...
14:12 2019-06-11

The inside story: Going digital – Goldman, AI and the future of bank leadership 2018: Euromoney was involved in the succession planning at Goldman Sachs and proposed a bold experiment in digital banking recruitment (from the imagination of Jon Macaskill)....
18:00 2019-06-11

Government Not To Seek Funds For State-Run Bank Recapitalisation: Report In 2018-19, the government had pumped in the highest-ever infusion of Rs 1.6 lakh crore into PSBs to meet regulatory and growth capital requirements....
13:48 2019-06-11

Siblings sentenced for elaborate Swiss bank inheritance scam Four of investor Harry Seggerman’s six children had a choice when he died in 2001 with more than $12 million illegally stashed in Swiss bank accounts — declare their share and pay taxes or keep the sc...
18:48 2019-06-27

Iran central bank: U.S. sanctions aren't harming oil exports The leader of Iran's central bank on Wednesday downplayed the impact of existing and new U.S. sanctions -- retaliatory measures by the Trump administration to punish Tehran for nuclear and military ac...
19:36 2019-06-27

European banking mergers needed - German bank body BdB The head of Germany's BdB banking association said that cross-border mergers in the European banking industry were becoming more of a necessity, given the risks of weakened financial institutions for ...
08:36 2019-06-11

| Ivory Coast 'babes' bank on sharpshooter Pepe against Bafana Ivory Coast coach Ibrahim Kamara sees Nicolas Pepe as one the young stars who can banish the memories of a disastrous Africa Cup of Nations title defence two years ago....
14:48 2019-06-23

US probes Deutsche Bank over dealings with Malaysia's 1MDB fund US authorities are investigating whether Deutsche Bank violated foreign-corruption or anti-money-laundering laws. The probe is the latest in a series of regulatory and legal troubles afflicting the Ge...
13:24 2019-07-11

European Central Bank sends Italy a warning over debt FRANKFURT, Germany (AP) — The European Central Bank says that challenges to financial stability in the eurozone have risen amid risks to economic growth from trade tensions, and warns that indebted go...
11:00 2019-05-29

Venezuela's Central Bank Releases Data on Dire Economy Venezuela’s economy contracted 19.2% in the first nine months of 2018 from the year-earlier period, as private consumption fell sharply and inflation soared in the crisis-racked nation, Venezuela’s ce...
08:48 2019-05-29

Pakistan Signs $918 Million Loan Agreement With World Bank Pakistan on Tuesday signed three loan agreements worth a total of USD 918 million with the World Bank, Prime Minister Imran Khan's adviser on finance has said as the cash-strapped country tries to......
15:24 2019-06-18

Fed's Powell Says Stress Tests Must Evolve to Avoid Bank Complacency Federal Reserve Chairman Jerome Powell said stress tests of the nation’s largest banks must adapt and keep firms on their toes, or the annual exam could fail to prepare the financial system for the ne...
16:48 2019-07-09

Fed rate cut would ease pressure on China's central bank, analysts say A widely expected interest rate cut by the U.S. Federal Reserve would give China more breathing room in shoring up its slowing economy, some analysts said....
09:00 2019-07-11

Russell Co. Brothers Indicted On Federal Bank Fraud Charges BOWLING GREEN, Ky. (LEX 18) — A pair of brothers from Russell County have been indicted on federal charges of bank fraud. Adam and Jeremy Hill were charged in an indictment handed up Wednesday i...
18:36 2019-06-16

Deutsche Bank to shrink or shut U.S. equity and trading businesses: FT Deutsche Bank is planning to overhaul its trading operations, including the creation of a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading b...
23:12 2019-06-16

Deutsche Bank to shrink or shut U.S. equity and trading businesses - FT Deutsche Bank is planning to overhaul its trading operations, including the creation of a "bad bank" to hold tens of billions of euros of assets and shrinking or shutting its U.S. equity and trading b...
23:24 2019-06-16

Talks On $3.4 Billion Loan To Pak Not Finished: Asian Development Bank In a huge embarrassment for the Pakistan government, the Asian Development Bank or ADB has distanced itself from the "premature announcement" of Prime Minister Imran Khan's adviser that the global......
12:12 2019-06-17

Deutsche Bank looks to boost wealth management as part of reinvention With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the out...
18:48 2019-07-10

World's best investment bank in the emerging markets 2019: BTG Pactual The firm has done well at home and in the region. Part of that is down to its ownership structure, and the rest is because growth is part of its DNA....
01:48 2019-07-11

Bank Exchange Traded Fund To Be Launched By December: Report Government holding in several PSU banks continues to remain at very high levels. It is as high as 75 per cent in PNB and 65 per cent in Bank of Baroda...
18:36 2019-05-28

Bank exec was improperly tipped off to damning memo: suit The chief executive of an embattled California bank was improperly tipped off to an internal memo about allegedly questionable money transfers into his personal checking account — by the head of the c...
05:24 2019-06-14

Trump defends his creditworthiness after report says Deutsche Bank ignored red flags A series of tweets Monday marked the latest chapter in Trump's decadeslong effort to refute published reports that his previous financial problems have rendered him an undesirable client for some...
19:00 2019-05-21

Charges Levied By State Bank Of India (SBI) Credit Cards According to financial planners, the user must have a clear idea of the features, rewards and the charges payable in detail to make the most of his/ her credit card....
21:00 2019-06-22

Australia's central bank will consider a rate cut at June meeting, governor says Australia's central bank will consider the case for lower interest rates at its June policy meeting, Governor Philip Lowe said in a speech on Tuesday....
18:12 2019-05-21

Deutsche Bank to layoff 126 New York staff as part of restructuring Deutsche Bank AG plans to lay off 126 employees in New York in the coming months, according to a filing the bank made with New York state that was made public on Thursday....
00:12 2019-07-12

Mexico's Finance Ministry says blocks bank accounts of steelmaker Mexico's Finance Ministry said on Monday it blocked the bank accounts of steelmaker Altos Hornos de Mexico and a former top executive of state oil firm Pemex for allegedly carrying out financial opera...
07:12 2019-05-28

Netanyahu Keeps Plans on West Bank Annexation Close to His Chest A key question hanging over Benjamin Netanyahu’s re-election campaign is whether he will fulfil an apparent pledge to annex part of the occupied West Bank. But in TIME’s interview with the...
19:48 2019-07-11

State Bank Of India Charges This Much Money For NEFT Transactions SBI NEFT charges, SBI NEFT timings: State Bank of India has divided its NEFT charges on factors such as timing, amount and mode of transaction. For example, the country's largest bank charges a fee up...
08:36 2019-05-22

Bank of England to mull access for likes of Facebook’s Libra LONDON (AP) — Bank of England Governor Mark Carney is open to the idea of letting new payment services such as Facebook’s upcoming Libra hold funds with the central bank — something previously l...
19:48 2019-06-20

Goldman Sachs offering to pay for Marcus bank’s customers’ silence Goldman Sachs really, really, really doesn’t want you to sue the company. The Wall Street investment bank quietly offered this week to pay all the fees for customers who bring legal claims against its...
05:01 2019-06-13

Exhibition 'This Place' shows Israel and the West Bank from a new perspective The images we know of Israel and the West Bank very often portray conflict. An exhibition at the Jewish Museum Berlin features works of photographers who explored the area with an artistic approach....
19:48 2019-06-17

Cops use tracking device to bust Manhattan bank robber A Manhattan bank robber made off with $1,200 — but was arrested soon after on the Henry Hudson Parkway when cops used a bank-installed GPS device to track him down in a yellow cab, police said. ...
15:12 2019-06-20

Deutsche Bank faces investigation for possible money-laundering lapses: NYT U.S. federal authorities are investigating whether Deutsche Bank AG complied with laws meant to stop money laundering and other crimes, the New York Times reported on Wednesday....
11:12 2019-06-20

Transfer, play right away? Don't bank on it, NCAA cases show A string of recent high-profile transfers gave the college football world the impression it was getting easier for players to switch schools and compete right away. The reality is much different. ...
14:48 2019-05-29

World's best bank for wealth management 2019: Credit Suisse With a new strategy of regionalization, integration and innovation, Credit Suisse’s wealth management business has set itself apart from its peers and brought the ethos of Swiss personalized service t...
00:00 2019-07-11

Court: Deutsche Bank may release files on Donald Trump US President Donald Trump has failed in his legal attempt to stop Congress subpoenas to force Deutsche Bank to release his financial details. The German bank reportedly lent Trump over $2 billion in t...
04:12 2019-05-23

Cops bust ‘Burberry Bandit’ for series of bank heists Manhattan’s “Burberry Bandit” was busted for a fresh string of bank heists, police said Monday. “Cornell Neilly, a serial bank-robber on parole, has been apprehended—again—for a series of bank r...
18:36 2019-07-15

U.S. Fed seen launching repo facility in early 2020: Deutsche Bank The Federal Reserve may launch a policy tool to lend to banks using Treasuries and other securities as collateral in early 2020 with possible testing to begin later this year, a Deutsche Bank strategi...
21:00 2019-07-14

South Africa's rand falls as ANC squabbles over central bank South Africa’s rand fell early on Thursday to its lowest this year as a dispute within in the ruling African National Congress over the central bank weakened demand....
11:36 2019-06-06

After PNB, Allahabad Bank Alleges Rs 1,700 Crore Fraud By Indebted Firm Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry.....
07:12 2019-07-14

Deutsche Bank shares rise as 18,000 global job cuts begin Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000 jobs around the world, starting the day with cuts i...
09:24 2019-07-08

Deutsche Bank chairman signals cuts are in store as AGM starts Deutsche Bank Chairman Paul Achleitner on Thursday signaled cuts are in store at Germany's largest lender and that the chief executive would soon elaborate on the topic at the bank's annual general me...
13:36 2019-05-23

IMF's Lagarde Wins EU Support to Lead European Central Bank European leaders nominated International Monetary Fund Managing Director Christine Lagarde to become the next president of the European Central Bank....
14:24 2019-07-03

Senate Democrats seek Fed probe into Deutsche Bank and Trump A group of U.S. Senate Democrats is urging the Federal Reserve to investigate Deutsche Bank AG's relationship with President Donald Trump and his son-in-law and adviser Jared Kushner....
22:48 2019-06-06

Some major Deutsche Bank investors want chairman to go early: sources At least three major investors in Deutsche Bank want Chairman Paul Achleitner to step down early amid discontent with the bank's turnaround, two people with knowledge of the matter said on Tuesday....
16:24 2019-05-21

Deutsche Bank shares slump further as fallout from bad press continues Investors complain shares are worth less than a pack of cigarettes after 40% slump in 10 monthsDeutsche Bank shares slid to fresh lows as its boss announced “tough cutbacks” for the investment bank fo...
14:00 2019-05-24

Deutsche Bank Looks to Shed Big Chunk of Wall Street Presence Deutsche Bank has had talks with Citigroup, BNP Paribas and others that could involve selling or transferring parts of its once-prized equities business, including operations that serve hedge funds an...
21:24 2019-07-02

Vietnam Seeks to Sell Stake in Military Commercial Bank Vietnam’s government is looking to sell part of its stake in Military Commercial Joint Stock Bank, a large local lender with a market capitalization of close to $2 billion....
06:24 2019-07-15

Citigroup Reports Higher Earnings as Bank Results Kick Off Citigroup reported that profit increased 7% and beat analysts’ expectations as the New York lending giant benefited from favorable conditions in the U.S. economy....
19:00 2019-07-15

French bank SocGen further reduces business with coal industry French bank Societe Generale said it was further reducing its servicing the coal industry, as financial companies and banks around the world gradually withdraw from fossil fuel industries to protect t...
18:48 2019-05-23

Deutsche Bank to Exit Global Equities, Trading Business Deutsche Bank moved to gut its global ambitions as a trading powerhouse, cutting 18,000 jobs and retreating to its German banking roots in a radical overhaul to try to save itself after years of decli...
02:12 2019-07-08

Credit Suisse CEO dismisses European bank mergers as 'solution' Mergers are not the best way to help Europe's banks deal with negative interest rates, Credit Suisse Chief Executive Tidjane Thiam said in an interview published on Sunday....
19:24 2019-06-02

Deutsche Bank flags 'tough cutbacks' as shareholders grumble Chief executive Christian Sewing has promised to speed up the embattled bank's "transformation," as he faces disgruntled shareholders and activists in Frankfurt....
13:12 2019-05-23

Deutsche Bank ready for more cuts as share price sags FRANKFURT, Germany (AP) — The CEO of Deutsche Bank says he is ready to make “tough cuts” as he aims to strengthen the struggling bank’s profitability and raise a “disappointing...
13:12 2019-05-23

Australia's central bank takes 'responsibilty' for note typo Millions of A$50 ($35) banknotes in Australia have an embarrassing typographical error that was overlooked by the country's central bank before they were printed and circulated....
15:12 2019-05-21

European Central Bank holds out hope for growth rebound Top officials at the European Central Bank at their last meeting held on to their hopes for a return to stronger growth in the second half of the year even as they underlined their readiness to deploy...
15:00 2019-05-23

The Latest: Bank of England warns of Brexit tariffs risks BRUSSELS (AP) — The Latest on Britain’s scheduled departure from the European Union (all times local): 10:40 a.m. The governor of the Bank of England has dismissed claims by Conservative leaders...
11:36 2019-06-21

Bank of New York Mellon quietly canned five from bond team Bank of New York Mellon left this banker at the altar. The New York bank quietly cut five members of its bond sales team last month amid a broader slump in trading — including one 14-year veteran who ...
02:12 2019-06-05

Opinion: Deutsche Bank halts global adventure in lending The days when Deutsche Bank officials played big to win big are over. The lender's new credo is "back to the roots." The plan to overhaul Deutsche Bank is radical, DW's Henrik Böhme writes, but the ou...
04:00 2019-07-08

Brazil bank BTG Pactual plans to sell 48 million shares Brazil's largest investment bank BTG Pactual SA will sell 48 million shares as part of a secondary share offering, the company said in a securities filing on Wednesday....
13:24 2019-06-05

WWE Money in the Bank: Bayley wins big, Brock Lesnar returns Bayley had one of the most successful nights of her career at WWE's Money in the Bank pay-per-view event which also featured the return of Brock Lesnar....
15:12 2019-05-21

Thailand’s oldest bank hints at new blockchain app powered by Ripple Thailand‘s oldest bank, Siam Commerical Bank (SCM), has hinted it will be experimenting with blockchain technology powered by Ripple. Earlier this week, rumors of its blockchain pilot surfaced online ...
18:24 2019-05-23

Six easy DIY challenges: you can do these paint projects over a bank holiday weekend A lick of paint is one of the easiest ways to transform your home. Here are six easy projects to consider doing over a long weekend — all doable in just an hour or two each day....
18:24 2019-05-24

Rewrite of Bank Rules Makes Little Progress, Frustrating Republicans Trump-appointed regulators came into office vowing to pare back Wall Street’s postcrisis rulebook. More than two years into the administration, most of the work remains unfinished, particularly for th...
13:00 2019-06-10

No Bank Has Power To Employ Bouncers To Recover Loans: Government No bank has the power to employ bouncers for forceful recovery of loans from customers, Union Minister of State for Finance Anurag Thakur said in the Lok Sabha today....
14:12 2019-07-01

Mexico's president says big bank loan shows confidence in Pemex An $8 billion syndicated loan to Mexico's national oil company Pemex is a sign of confidence by more than 20 banks involved in the operation, Mexican President Andres Manuel Lopez Obrador said on Frid...
07:12 2019-06-29

Palestinian Who Attended Bahrain Conference Is Arrested in West Bank Intelligence officers detained, then freed, a Hebron businessman who had defied an official Palestinian boycott of the Trump administration’s economic conference....
12:12 2019-06-30

Standard Bank shareholders vote down climate-risk resolution Standard Bank shareholders on Thursday voted down a resolution that would have required the South African lender to report climate risk in its activities, although they passed another forcing it to di...
17:24 2019-05-30

Environment activists block entrance to Norwegian central bank Protesters from the environmental group Extinction Rebellion blocked access to Norway's central bank on Friday, demanding that its $1 trillion wealth fund, the world's largest, stop investing in compa...
20:00 2019-05-24

Swiss police detain dozens of climate protesters outside bank Activists were carried away after blocking off the entrance to Credit Suisse, one of the biggest banks in Switzerland. The arrests come as student launched a five-day climate change protest in the Ger...
13:24 2019-07-08

RBI May Toughen Non-Bank Lenders Access To Public Deposits: Report Faced with liquidity crunch after IL&FS default and with rising number of defaults, the shadow bankers are seeking a bailout in the form of a separate liquidity window....
16:48 2019-05-22

Bank of Mexico Maintains Interest Rates in Split Vote The Bank of Mexico kept interest rates unchanged Thursday in a split decision, citing risks for inflation from both domestic and external sources and a deteriorating outlook for economic growth....
21:48 2019-06-27

Japan's Tantalizing Bank Dividends Mask a World of Trouble The path to perdition is long for these banks, and while the ultimate ending might be unpleasant, there are opportunities for hope to be rekindled along the way....
17:12 2019-05-21

U.S. envoy, in interview, does not rule out Israeli annexation in West Bank The U.S. ambassador to Israel did not rule out an Israeli move to annex parts of the occupied West Bank, land that the Palestinians seek for a state, in an interview with the New York Times published ...
20:36 2019-06-08

Flipkart, Axis Bank To Launch Co-Branded Credit Card Flipkart Axis credit card: The credit card offers best-in-class benefits and unlimited cashback on online and offline spends, Flipkart, Axis Bank, and Mastercard said. The Flipkart-Axis Bank......
12:36 2019-07-12

Budget 2019: How Cash Withdrawal From Bank Accounts Can Attract 2% Tax In the Union Budget for 2019-20, the government has proposed to impose a TDS or tax deduction at source of 2 per cent if an individual or an entity withdraws Rs 1 crore or more from a bank account in....
10:48 2019-07-08

Bank holiday sales: these TV deals are hard to resist - we bought one When you spend a lot of time each week comparing the best cheap TV deals, you spend a lot of time being seriously tempted by those big discounts we like to share with you. And generally, we'...
18:36 2019-05-24

Judge sides with Democrats in Trump bank subpoena fight NEW YORK — A federal judge on Wednesday allowed the House to move ahead with subpoenas seeking years of President Donald Trump’s financial records from Deutsche Bank and Capital One, dealing the secon...
00:48 2019-05-23

Australia's central bank cuts interest rates again — more easing may be on the way The Reserve Bank of Australia's (RBA) quarter-point cut took cash rates to an all-time low of just 1% and left limited room for more reductions....
16:48 2019-07-02

Partial ECM exit to leave Deutsche Bank focused on Europe Deutsche Bank is focusing its equity capital markets (ECM) business such as initial public offerings (IPOs) on Germany and Europe, scaling back in the United States and retreating from most of Asia, ...
16:48 2019-07-12

Trump appeals ruling that backed subpoenas for bank records NEW YORK (AP) — Lawyers for President Donald Trump told an appeals court Friday that he’s challenging a federal judge’s refusal to block congressional subpoenas seeking financial records f...
22:24 2019-05-24

Cboe Europe Signs Saxo Bank as New Indices Customer LONDON –  26 March 2018 – Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world’s largest exchange holding companies, today announced that Saxo Bank, the online trading and inv...
16:36 2019-05-21

From Deutsche Bank to Renault, Why National Champions Are Back in Vogue “National champions” are back in fashion, particularly in Europe. The term is code for government support for home-grown corporate powerhouses as a way to give them an edge over outside competitors an...
18:00 2019-06-07

Prosecutors suspect 70 Deutsche Bank managers in dividend tax probe: paper German prosecutors have extended an investigation into a tax-stripping scheme, with around 70 current and former executives of Deutsche Bank now being treated as suspects, the Sueddeutsche Zeitung rep...
03:12 2019-06-07

Bank's Broadbent backs fund suspensions amid Woodford saga A senior Bank of England official has supported the use of suspensions to protect funds, as pressure grows on under-fire asset manager Neil Woodford....
14:48 2019-06-11

World Bank Retains India's Growth Rate Forecast For 2019-20 At 7.5% The Bank in its Global Economic Prospects released on Tuesday said that India is estimated to have grown 7.2 per cent in fiscal year 2018/19, which ended March 31....
08:24 2019-06-05

JPMorgan to shutter its smartphone bank account a year after nationwide launch JPMorgan Chase & Co said on Thursday it is closing down its smartphone bank account called "Finn", which was aimed at young adults, a year after its nationwide launch....
19:00 2019-06-06

Senators Ask Federal Reserve to Review Trump’s Deutsche Bank Transactions Seven Democratic senators, including presidential candidate Elizabeth Warren, want the Fed to examine the bank’s compliance with anti-money-laundering laws over flagged transactions....
19:12 2019-06-06

Justice Department probing Deutsche Bank’s dealings with Malaysia’s 1MDB The US Justice Department is investigating whether Deutsche Bank violated foreign corruption or anti-money-laundering laws in its work for state fund 1Malaysia Development Berhad (1MDB), the Wall Stre...
19:24 2019-07-11

Kerala To Get $ 250 Million World Bank Loan For Flood Resilient Programme Marking its first ''state partnership'' in India, the World Bank will extend a USD 250 million loan for the Resilient Programme in Kerala, which had been devastated by worst floods in a century last.....
22:12 2019-07-15

Flipkart, Axis Bank To Launch Credit Card This Month: 10 Things To Know E-commerce major Flipkart has partnered with private sector lender Axis Bank to launch a co-branded credit card. The new co-branded card - powered by payments processor Mastercard - will offer......
12:36 2019-07-12

From private bank client to farmer: a Chinese model of social lending Financial services group CreditEase runs an app through which its private banking clients can be connected to needy women farmers in China’s rural interior. It’s a remarkable initiative taken up by 20...
14:33 2019-05-21

J&K Bank Case: Income-Tax Department Initiates Probe, Conducts Raids Within days of anti-corruption bureau action against J&K Bank, the Income-Tax Department Tuesday initiated probe into the alleged irregularities and conducted searches at 10 premises on a business......
11:12 2019-06-11

Stocks Tread Water Ahead of Major Central Bank Meetings Investors await a series of central bank policy meetings this week, with the main focus to be on the Federal Reserve, whose members are likely to debate an interest-rate cut....
13:48 2019-06-17

Trump rips ‘failing’ New York Times over Deutsche Bank report President Trump lashed out at the “Fake News Media” generally and the “Failing” New York Times specifically for covering a story about “suspicious” financial busine...
14:33 2019-05-21

World Bank's India Growth Forecast Unchanged At 7.5% For Fiscal 2020 The World Bank retained its forecast of India's growth rate at 7.5 per cent for the current financial year. In its Global Economic Prospects report, the World Bank also said growth rate is expected to...
08:24 2019-06-05

This branchless bank quadrupled its customer base to 4 million in a single year Big banks have talked about the threat from tech-powered upstarts for years, but it's only recently that online banks like Chime have begun to make inroads....
15:00 2019-06-12

Brazil will not change Amazon fund without asking donors: development bank BNDES Brazil will make no changes to the governance of the billion-dollar Amazon Fund without consulting the donors Norway and Germany, the president of the fund's administrator, the Brazilian development b...
10:00 2019-06-08

Men Who Floated Fake Income Tax Webpage, Hacked Bank Accounts Arrested Seven persons including three Nigerians have been arrested by city police for hacking into over 2,000 bank accounts and transferring crores of rupees after creating a fake webpage of the Income Tax......
21:12 2019-06-13

Here Are Latest Fixed Deposit Interest Rates Offered By HDFC Bank Fixed deposit interest rates are subject to change from time to time. Last week, private sector lender Axis Bank also revised its fixed deposit interest rates on select maturities...
17:36 2019-06-06

Deutsche Bank to pay Vestia 175 million euros settlement in derivatives suit Dutch housing cooperation Vestia said on Friday Deutsche Bank would pay it 175 million euros ($197 million) to settle claims the German bank had improperly sold it interest rate derivatives....
15:12 2019-07-12

Goldman CEO says he's testing the bank's credit card with Apple and consumers are going to love it Solomon is personally testing the iPhone-lined credit card, which is set to be released this summer, Solomon said in an interview with Carl Quintanilla....
21:24 2019-06-11

French bank Credit Agricole forecasts slower profit growth Credit Agricole, France's second-largest listed bank, on Thursday said profit growth would slow over the next four years, adopting a cautious outlook in the face of low interest rates and a potential ...
14:24 2019-06-06

Deutsche Bank chief rebukes executives over suit-fitting on cuts day Managers called high-end tailors to London office as thousands of traders lost jobs Deutsche Bank’s chief executive, Christian Sewing, has personally rebuked managers who ordered tailors to their Lond...
17:00 2019-07-12

India's Allahabad Bank reports $259 mln alleged fraud by bankrupt steelmaker India's Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a ban...
21:12 2019-07-13

Cyber Criminals Are Making Bank Using Stolen Doctor Credentials on the Dark Net A new report by a leading cybersecurity firm finds that healthcare organizations are becoming an increasingly attractive target for criminal hackers due to the premium that black markets place on priv...
10:12 2019-06-06

Deutsche Bank 'faces US investigation' over work for Malaysia's 1MDB fund Report says justice officials examining if bank broke foreign corruption or money-laundering lawsUS officials are investigating whether the crisis-hit Deutsche Bank violated foreign corruption or anti...
16:00 2019-07-11

Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts Anti-money-laundering specialists proposed filing “suspicious activity reports” about transactions connected to President Trump and Jared Kushner. Bank managers said no....
19:12 2019-05-21

French bank Credit Agricole targets net profits of 5 bln euros in 2022 French bank Credit Agricole unveiled a new set of higher profit targets for 2022 after it had met its 2019 targets a year ahead of schedule, and said it now expected annual net profits above 5 billion...
07:36 2019-06-06

World Bank Imposes One Of Its Biggest Fines On Cash-Starved Pak Over Mine An international arbitration court has imposed a penalty of $5.976 billion on Pakistan -- one of the biggest in its history -- for the unlawful denial of a mining lease to a company in 2011....
09:24 2019-07-15

Deutsche Bank denies report it prevented Trump transactions being flagged Deutsche Bank denied a report that said some of its executives rejected the advice of the bank's own anti-money laundering specialists and prevented some transactions involving entities controlled by ...
15:12 2019-05-21

British digital bank Monzo to announce imminent U.S. launch: source Fast-growing British digital bank Monzo is set to announce on Thursday its imminent launch in the United States, a source familiar with the matter told Reuters....
14:36 2019-06-13

Srinagar Deputy Mayor Charged In Jammu And Kashmir Bank Case The Anti-Corruption Bureau has registered a case against Srinagar's Deputy Mayor Sheikh Imran and officials of the Jammu and Kashmir Bank for alleged illegal appropriation of crores of rupees from the...
19:24 2019-06-15

HackerOne Reveals Which Security Bugs Are Making Its Army of Hackers the Most Bank As far back as 2015, major companies like Sony and Intel have sought to crowdsource efforts to secure their systems and applications through the San Francisco startup HackerOne. Through the “bug boun...
21:24 2019-06-11

Deutsche Bank Funding Costs Subdued Despite Share-Price Slide The lender’s shares fell to a record low Monday, yet debt investors aren’t panicking and a key measure of the German bank’s funding costs has improved in the past week....
13:12 2019-06-04

German prosecutors intensify Deutsche Bank client investigation: source German prosecutors are escalating a money laundering inquiry involving Deutsche Bank , including planned raids on wealthy former clients, a person with direct knowledge of the matter told Reuters....
23:00 2019-07-03

This awesome 100GB SIM only deal ends Tuesday - don't miss out this Bank Holiday We don't mean to panic you, but the time to hurry is now. We've been loving this fantastic Vodafone SIM only deal for a few weeks now, but Carphone Warehouse is pulling it from sale this Tue...
15:00 2019-05-26

US briefing: India election, Trump's bank records and an extinction crisis Thursday’s top story: Narendra Modi poised for landslide re-election in India. Plus, why are Republicans denying the wildlife extinction crisis?Subscribe now to receive the morning briefing by email.G...
17:12 2019-05-23

Jobless Men In Madhya Pradesh 'Rent' Out Bank Accounts, Aid Cyber Crime Newly-opened bank accounts of unemployed people in Madhya Pradesh's Bhind district are the latest tools used by the cybercriminal looking to park illicit money, the police has said, adding these......
21:24 2019-07-03

Case, Raids Against J&K Bank After Officials Unearth 177-Crore Loan Fraud The Anti-Corruption Bureau (ACB) on Thursday registered a case and conducted raids after unearthing a loan fraud worth over Rs 177 crore in Jammu and Kashmir Bank in Jammu, officials said....
04:48 2019-06-28

Mexican president says Pemex secures $8 billion multi-bank loan Mexican state oil company Pemex signed an $8 billion syndicated loan with more than 20 banks to renew credit lines and refinance liabilities, President Andres Manuel Lopez Obrador said on Thursday....
00:48 2019-06-28

Turkish Lira Falls After Erdogan Ousts Central Bank Chief The Turkish lira dropped sharply as President Recep Tayyip Erdogan’s decision to fire the governor of the central bank left investors worried about economic mismanagement in a country dealing with hig...
15:01 2019-07-08

Turkey fires central bank chief as economic crisis endures No reason was given for Murat Cetinkaya's sacking, but the governor had been loath to cut the interest rate from 24%. Over the past year, Turkey has faced skyrocketing inflation as a result of a debt ...
12:12 2019-07-06

It's high time to create a World Carbon Bank | Kenneth Rogoff We could use a global carbon tax to give developing countries incentives to phase out coalAlthough much derided by climate-change deniers, not least Donald Trump, Alexandria Ocasio-Cortez’s Green New ...
16:36 2019-07-08

Deutsche Bank's Investment Banking Chief to Leave Embattled Lender Deutsche Bank’s investment banking chief Garth Ritchie has agreed to leave the embattled German lender, according to a person familiar with the matter....
15:12 2019-07-05

Bank overdraft fees could jump if consumer watchdog eases rule The nation's consumer watchdog agency is reviewing the rule that regulates how banks charge fees when their customers spend more than what is in their accounts....
19:36 2019-06-27

Deutsche Bank capital-boosting debt dips on restructuring fears Deutsche Bank's capital-boosting Additional Tier I (AT1) debt issues fell on Monday on worries over future challenges Germany's biggest lender may face in a planned overhaul....
16:48 2019-07-08

Turkey fires central bank governor as policy differences deepen Turkey on Saturday fired its central bank governor and replaced him with the bank's deputy governor, a presidential decree published on the official gazette showed....
16:00 2019-07-06

Trump, House Democrats square off in U.S. court over Deutsche Bank documents Lawyers for U.S. President Donald Trump, three of his children and the Trump Organization will demand in court on Wednesday that a judge stop Deutsche Bank AG and Capital One Financial Corp from provi...
13:00 2019-05-22

Global Central Bank Shift Eases Drag on Chinese Currency Shifts toward easier monetary policy by central banks in the U.S. and Europe have reduced some of the downward pressure building on China’s currency....
14:12 2019-06-22

Deutsche Bank Can Release Trump Records to Congress, Judge Rules The ruling from a federal court judge in Manhattan was the second this week against Mr. Trump’s efforts to prevent the release of his financial records....
01:48 2019-05-23

West Bank Grows Calmer as Pocketbook Issues Take Priority Over Protests A lull in protests appears to bolster the Trump administration’s belief that economic growth will produce peace. But Palestinians say the calm is a symptom of despair....
20:48 2019-07-08

Deutsche Bank Finds Error in Program That Scans for Money Laundering Deutsche Bank has found a glitch in computer systems that retroactively scan corporate clients’ transactions for suspicious activity, the latest sign of trouble in efforts to guard against potential m...
16:12 2019-05-22

Bank CEO charged in Manafort bribery scheme to get Trump administration post The head of a Chicago-based bank was charged in an indictment unsealed on Thursday with bribery and accused of corruptly approving high-risk loans to President Donald Trump's former campaign chairman ...
18:48 2019-05-23

German prosecutors intensify Deutsche Bank client investigation - source German prosecutors are escalating a money laundering inquiry involving Deutsche Bank , including planned raids on wealthy former clients, a person with direct knowledge of the matter told Reuters....
19:48 2019-07-03

India bank manager arrested in cryptocurrency Ponzi scheme crackdown The allure of fast profits from cryptocurrency appears to have been too great for one bank manager in India. The manager of a Standard Chartered branch, a private bank in India, has been arrested for ...
17:12 2019-07-03

Deutsche Bank shares rise pre-market as 18,000 global job cuts begin Deutsche Bank shares rose in pre-market trade on Monday as the German lender eliminated whole teams at its Asian operations, starting to ax 18,000 jobs globally in one of the biggest overhauls at an ...
08:24 2019-07-08

Christine Lagarde "Honored" To Be Tapped To Head European Central Bank International Monetary Fund chief Christine Lagarde on Tuesday announced she would step down "temporarily" from the global crisis lender after being nominated to lead the European Central Bank....
00:12 2019-07-03

IMF's Christine Lagarde Wins EU Support to Lead European Central Bank European leaders have agreed to nominate International Monetary Fund Managing Director Christine Lagarde to become the next president of the European Central Bank....
20:24 2019-07-02

Deutsche Bank staff 'sent home' as 18,000 job cuts begin - business live Rolling coverage of the latest economic and financial news, as Germany’s Deutsche Bank begins a deep restructuring that will cost thousands of jobs worldwideIntroduction: Dark day for Deutsche staffBa...
10:24 2019-07-08

Bank CEO charged in Manafort bribery scheme designed to get Trump post The head of a Chicago-based bank was charged in an indictment unsealed on Thursday with bribery and accused of approving $16 million in high-risk loans to President Donald Trump's former campaign chai...
22:48 2019-05-23

An Arm of the World Bank Has Been Implicated in Latin America’s Biggest Corruption Scandal (BOGOTA, Colombia) — María Victoria Guarín was a key adviser on Colombia’s biggest-ever transportation project: a 1,000-kilometer (620-mile) highway across mountainous terrai...
16:48 2019-07-02

Chicago bank CEO bribed Manafort for a Trump cabinet post: feds The CEO of the Federal Savings Bank of Chicago, who served as a Trump 2016 campaign economic adviser, abused his power to issue $16 million in loans exchange to then-Trump campaign chairman Paul Manaf...
20:12 2019-05-23

South Korean man stages bank robbery to get medical treatment in jail A South Korean man walked into a bank with a toy knife and “politely” asked for the police to be called, hoping he would be sent to prison, a report said. The 40-year-old man staged the he...
10:00 2019-07-08

Deutsche Bank plans cuts in U.S. equities, prime unit: sources Deutsche Bank is planning cuts at its U.S. equities business, including prime brokerage and equity derivatives, to win over shareholders unhappy about its performance, four sources familiar with the m...
00:36 2019-05-24

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 job cuts begin Whole teams in Deutsche Bank's Asian operations were told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of the biggest overhauls to an investment bank sin...
06:36 2019-07-08

Congress Has Trump’s Financial Records From Wells Fargo and TD Bank, and More Could be Coming President Donald Trump has been trying to keep America out of his financials. But like a good wife who knows that something isn’t right, America has not relented and now two major financial institutio...
19:48 2019-05-23

President Trump set to battle Congress in court over demands for his bank records President Donald Trump and congressional committees are set for a court showdown over subpoenas to Deutsche Bank, Capital One Financial records        ...
20:24 2019-05-22

Jodrell Bank Observatory Declared UNESCO World Heritage Site The Jodrell Bank Observatory, part of the University of Manchester and home of the massive Lovell Telescope and numerous others, has received UNESCO World Heritage Site status, the BBC reported on Sun...
12:24 2019-07-08

Deutsche Bank board to meet July 7 to decide on job cuts: sources Deutsche Bank's supervisory board will meet on July 7 to discuss a major restructuring that may result in as many as 20,000 job cuts, three people with knowledge of the matter said....
15:48 2019-06-29

Erdoğan fires Turkey's bank governor amid ongoing recession Murat Çetinkaya replaced with deputy over alleged refusal to cut interest ratesTurkey has fired its central bank governor as policy differences between the government and the bank deepen in the face o...
17:24 2019-07-06

MOVES-Brazil's Itaú taps Andre Gailey as CEO of Paraguayan bank Brazil's largest private-sector bank Itaú Unibanco Holding SA has named André Gailey as the new chief executive of its bank in Paraguay, replacing Viviana Varas, according to a statement on Wednesday....
20:24 2019-07-10

Samsung launches wireless power bank and charging pad in India starting at Rs 3,699 Samsung has launched it's Wireless Power Bank and Wireless Charging Duo Pad in India which starts at Rs 3,699. The two wireless accessories offer fast charging solutions to users with Qi-compatib...
10:00 2019-05-23

Bank of England chief dismisses Johnson’s Brexit trade claim The Bank of England’s governor has dismissed suggestions from Boris Johnson, favorite to become Britain’s next prime minister, that tariffs on trade with the European Union can be avoided if the count...
13:12 2019-06-21

Doubts over Deutsche Bank turnaround plan dent shaky shares Deutsche Bank shares extended losses on Tuesday on investor doubts that its chief executive can revive the lender by shrinking the investment bank and returning to its roots as banker to corporate Ge...
15:48 2019-07-09

Deutsche Bank in partnership talks with SoftBank-backed OakNorth: source Deutsche Bank is in talks with SoftBank-backed British fintech firm OakNorth to use the latter's credit analysis and monitoring platform, a source with knowledge of the discussions told Reuters....
15:48 2019-07-09

Sensex Ends Volatile Session Higher Led By HDFC, Kotak Bank S&P BSE Sensex and the NSE Nifty 50 Indexes ended today's volatile session marginally higher led by gains in HDFC, Kotak Mahindra Bank and HDFC Bank....
13:00 2019-06-19

Deutsche Bank investors meet amid questions on strategy, leadership Investors in Deutsche Bank are gathering on Thursday for an annual meeting that is expected to be dominated by questions over the bank's strategy and leadership just days after shares hit a record low...
08:12 2019-05-23

China Belt And Road Can Speed Development, Needs Transparency: World Bank China's massive Belt and Road infrastructure drive could speed up economic development and reduce poverty for dozens of developing countries, the World Bank said on Tuesday in a new report that called...
07:48 2019-06-19

NY judge denies Trump bid to block House Deutsche Bank subpoenas A Manhattan federal judge has denied a bid by President Donald Trump and his companies to block congressional subpoenas on two banks to obtain years worth of financial records. The ruling Wednesday by...
02:24 2019-05-23

Trump loans and money laundering: Deutsche Bank's fall from grace Drastic job-cutting is the latest chapter in the 149-year-old bank’s dramatic historyDeutsche Bank starts cutting London jobsProfile of Deutsche Bank boss Christian SewingNils Pratley: Deutsche Bank i...
17:00 2019-07-09

Citigroup, Deutsche Bank leaving vast Financial District spaces Citigroup plans to leave 111 Wall St. entirely by the end of the year — an impending 900,000-square-foot vacancy that will leave FiDi with two huge empty office towers to fill. A bank representative t...
04:36 2019-06-18

Erdogan reportedly said Turkey may face 'serious problems' if the central bank is not overhauled A presidential decree released Saturday said Turkish central bank Governor Murat Cetinkaya was removed from his post and replaced with his deputy, Murat Uysal....
12:36 2019-07-10

Wells Fargo, TD Bank have already given Trump-related financial documents to Congress The disclosures come as a federal judge ruled Wednesday that two other banks — Deutsche Bank and Capital One — can give financial documents to Congress, NBC News reports....
06:00 2019-05-23

Skeptical Deutsche Bank investors to grill Sewing on revamp roadshow Deutsche Bank shareholders will quiz Chief Executive Christian Sewing on how he plans to deliver on revenue growth targets during a global roadshow to win their backing for a 7.4 billion euro ($8.4 b...
18:48 2019-07-10

Trump lawyers to fight bank-records subpoena before Manhattan judge Lawyers for President Trump will appear before a Manhattan judge Wednesday to argue that House Democrats shouldn’t be allowed to get their hands on the commander in chief’s financial recor...
23:36 2019-05-21

Swiss bank UBS loses bond role in China after economist's pig comment One of China's biggest state-run infrastructure companies has decided to exclude UBS from a bond deal. A senior economist at the Swiss bank sparked a furor in China after he used the phrase "Chinese p...
15:24 2019-06-17

ICICI Bank Revises Fixed Deposit Interest Rates, Details Here The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act, 1961...
18:48 2019-06-17

Deutsche Bank Scales Back Ambitions, Announcing Job Cuts and Reorganization The bank that once symbolized German economic prowess is effectively abandoning hope of playing in the same league as Wall Street banks, and struggling to remain relevant....
21:48 2019-07-07

World Bank Court Orders Pak To Pay $6 Billion To Firm Over Mine Closure Pakistan will have to pay almost $6 billion in damages to a foreign gold mining firm whose dig was shut down by the government in 2011, the World Bank said Sunday....
16:36 2019-07-14

Australia's central bank flags lower rates in jobs hunt Australia's top central banker on Thursday said it was not "unrealistic" to expect a further reduction in interest rates given ample slack in the labor market, and called on the government for ac...
05:36 2019-06-20

Metallica bassist Robert Trujillo joins fans at food bank Metallica enlisted several thousand fans to volunteer for the band's second annual "day of service" in Los Angeles on Wednesday (May 23).        ...
13:36 2019-05-23

Rule-breaking City drivers rack up £25m in fines after Bank crackdown Motorists driving through the Square Mile were fined a record £25 million last year for flouting traffic rules, like going the wrong way up a one-way street....
19:12 2019-07-05

Central banks will want oversight of Facebook's Libra: Bank of England's Carney Major central banks and regulators will want oversight of Facebook's proposed new currency and payment system, Libra, to ensure it is safe and does not allow money laundering or finance terrorism, Ban...
12:24 2019-06-21

Bank of England's Carney dismisses Johnson claim on no-deal Brexit Bank of England Governor Mark Carney has dismissed a claim by Boris Johnson, the front-runner in the race to become prime minister, that Britain can avoid the hit of European Union trade tariffs in th...
08:12 2019-06-21

Deutsche Bank starts cutting London jobs with 18,000 at risk worldwide Some staff in London reported to be in tears after hearing their jobs have goneWhat went wrong at Deutsche Bank?Profile of Deutsche Bank boss Christian Sewing Nils Pratley: Deutsche Bank is clutching ...
00:12 2019-07-09

Bank investments in technology not yet driving significant revenue growth: Accenture The $1 trillion invested by traditional banks globally over the past three years to improve their technology has not yet delivered the revenue growth that had been expected, according to an Accenture ...
17:24 2019-06-20

Deutsche Bank faces FBI investigation for possible money-laundering lapses: source The U.S. Federal Bureau of Investigation is examining whether Deutsche Bank complied with laws meant to stop money laundering, a person with knowledge of the matter said on Thursday....
14:12 2019-06-20

Bond Yield Hits 20-Month Low After US Central Bank Signals Rate Cut The benchmark 10-year bond yield was at 6.75 per cent, as of 9:15 am, its lowest level since October 17, 2017, and down 9 basis points from its previous close....
11:00 2019-06-20

Bank investments in technology not yet driving significant revenue growth -Accenture The $1 trillion invested by traditional banks globally over the past three years to improve their technology has not yet delivered the revenue growth that had been expected, according to an Accenture ...
10:48 2019-06-20

Kushner transactions part of DOJ money laundering probe at Deutsche Bank The Justice Department has opened up a criminal investigation into potential money- laundering violations by Deutsche Bank — including transactions linked to President Trump’s son-in-law, Jared Kushne...
07:36 2019-06-20

Republicans should reject Maxine Waters' bad Export-Import Bank deal Democrats are eager to ramp up a corporate welfare agency and load it up with some lefty mandates. That's no surprise. What's inexplicable is that at least one powerful Republican is going along with ...
06:24 2019-06-20

Forensic Audit Found Rs 3,800 Crore Fraud, Says Punjab National Bank The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of Rs 3,805 crore ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI)....
05:48 2019-07-07

Mexico central bank board member says this is 'game changer' after U.S. tariff threat Mexican central bank board member Jonathan Heath said on Twitter Thursday night "this is a game changer," after U.S. President Donald Trump vowed to impose a tariff on all goods coming from Mexico if ...
07:24 2019-05-31

Danske Bank to sell Estonian private loans unit to LHV in $458 million deal Danske Bank, which has been embroiled in a major money laundering scandal, has agreed to sell its portfolio of Estonian private loans to LHV Pank in a deal worth 410 million euros ($458.3 million), LH...
08:24 2019-06-03

Deutsche Bank Faces Criminal Investigation for Potential Money-Laundering Lapses Federal authorities are focused on whether the bank complied with anti-money-laundering laws, including in its review of transactions linked to Jared Kushner....
01:00 2019-06-20

French bank Credit Agricole targets net profits of 5 billion euros in 2022 French bank Credit Agricole unveiled a new set of higher profit targets for 2022 after it had met its 2019 targets a year ahead of schedule, and said it now expected annual net profits above 5 billion...
10:48 2019-06-06

Deutsche Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kus...
15:12 2019-05-21

Trade war could trigger a 'global financial crisis,' says ex-China central bank chief China continued to ramp up the rhetoric against the U.S. on Friday, with a former Chinese central bank chief saying that further escalation in trade tensions between Washington and Beijing could great...
14:00 2019-05-31

Brazil needs concrete progress on reform to anchor inflation -central bank chief Concrete progress on Brazil's fiscal and economic reform agenda is crucial to a benign outlook for inflation, central bank President Roberto Campos Neto said on Thursday, adding that current inflation...
23:48 2019-07-04

Hard for Xi, Trump to make progress on trade: former China central bank chief China's President Xi Jinping and U.S. President Donald Trump are likely to find it "difficult" to make major progress toward ending their countries' trade war when they meet at a G20 summit in Japan i...
07:24 2019-05-31

Japanese bank Mizuho to tighten financing norm for coal-fired plants Japan's Mizuho Financial Group Inc said on Wednesday it will tighten its financing policy for coal-fired power projects from July 1 to help tackle global climate change issues....
11:24 2019-05-23

Erdogan reportedly says Turkish central bank chief ousted for refusing rate cut Turkish President Tayyip Erdogan sacked the central bank governor for refusing the government's repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as telling a meeting wi...
03:36 2019-07-08

China's central bank is poised to cut interest rates amid trade war, economist says The People's Bank of China is expected lower rates twice later in 2019 and once in 2020 amid the country's trade fight with the U.S., said a Bank of America Merrill Lynch economist on Wednes...
08:24 2019-06-05

World Bank downgrades global growth forecasts, poorest countries hardest hit The World Bank has lowered its expectations of global economic growth for this year in a new report. It says that, although the picture for poorer countries is expected to stabilize in 2020, economic ...
23:24 2019-06-05

Brazilian retailer Via Varejo launches digital bank targeting low-income clients Brazilian electronics and appliance retailer Via Varejo launched a digital bank targeting low-income clients in partnership with Boston-based startup Airfox, according to a filing on Wednesday....
02:24 2019-06-06

In Firing Central Bank Chief, Turkey’s Leader Trades Credibility for Growth The move by Recep Tayyip Erdogan dealt a new blow to the central bank’s credibility while threatening to intensify the nation’s wrenching economic crisis....
22:12 2019-07-06

Deutsche Bank, a pillar of European finance, unveils radical restructuring. It will cut 18,000 jobs Deutsche Bank will cut 18,000 jobs and dramatically shrink its investment bank as part of a costly overhaul that marks a retreat from Wall Street after two decades of intense competition with American...
05:36 2019-07-08

Wall Street treads water as Citi results pressure bank shares Wall Street's three main indexes flitted between slight gains and losses on Monday, as declines in Boeing and bank stocks after Citigroup's quarterly report were countered by a rise in technology shar...
19:12 2019-07-15

The European Central Bank meets as inflation cools and trade tensions heat up The European Central Bank (ECB) announced its easy-money exit strategy one year ago. But twelve months on, the world couldn't look more different....
08:48 2019-06-06