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DARK SECRETS: 47 - The Real Truth

Bank of England investigating claim Metro Bank put customers’ data at risk

Exclusive: Whistleblower raised concerns about security of in-branch coin-counter software

The Guardian - UK

Reserve assets rose by USD 34.8 bn, net claims of NRI decreased by USD 12.2 bn: RBI

The RBI disclosed the latest figures concerning India's IIP as of December 2023 showing a decline in net claims of non-residents on India, plunging by USD 12.2 billion during the period from October to December 2023, culminating at USD 370.4 billion by the end of December 2023. Read further on…

Dynamite News

IMF Urges Tighter Swiss Regulation After UBS Takeover Of Credit Suisse

Switzerland's biggest bank was strongarmed by the government into buying Credit Suisse last year over fears that the second largest lender in the country might go under and spark a global financial crisis.

Latin Times

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Texas judge moves late fee case to DC, accusing banks of venue shopping for favorable ruling

A federal judge in Texas has accused the major banking industry groups and the U.S. Chamber of Commerce of forum shopping in their lawsuit against the Consumer Financial Protection Bureau

The Independent UK

UBS CEO Sergio Ermotti: Overpaid Or Worth Every Franc?

UBS CEO's compensation of 14.4 million Swiss francs in 2023 has ignited discussion, showcasing the contrast between European and American banking pay standards.

International Business Times

IMF Urges Tighter Swiss Regulation After UBS Takeover Of Credit Suisse

The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as supervising UBS has become "more challenging" since it grew into a global banking behemoth after its takeover of Credit Suisse.

International Business Times

Smaller Chinese Banks Trim Deposit Rates to Protect Profit Margins

One Guangdong province-based bank lowers rate on five-year time deposits to 2.5% from 2.7% as expectations grow for a continued decline in loan rates

Caixin Global

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Nationwide's takeover of Virgin Money could be a disaster for the building society

City Comment: I hope I am wrong about this deal

Evening Standard

Co-operative Bank to axe 400 jobs in bid to cut costs

Lender says move is unrelated to takeover talks with Coventry Building Society

The Guardian - UK

Sordid scheme: On the electoral bond scheme, electoral financing

The electoral bonds skewed campaign and party financing heavily in the favour of the ruling party, besides putting a veil over the unscrupulous motivations for the donations

The Hindu

3 Bank Stocks Driving Returns Across Industries

The U.S. banking industry is showing signs of recovery due to stabilizing asset quality, potential rate cuts this year, and lower expense growth. Therefore, investors could consider buying fundamentally strong bank stocks Capital Bancorp (CBNK), FS Bancorp (FSBW), and Old Point Financial (OPOF). Read more.

StockNews.com

HSBC and NatWest accused of financing North Sea oil extraction despite pledge

Campaigners call on banks to cease funding Ithaca, which is playing a key role in Rosebank oilfield plan

The Guardian - UK

Afternoon Update: one in 20 mortgage holders spending more than they earn; Reddit shares soar; and a crocodile in a service station

Reserve Bank says share of mortgage holders under pressure should halve by the end of 2025

The Guardian - AU

Ethiopian Bank Glitch Lets Customers Withdraw Up To £32m at ATMs

Ethiopian students took advantage of a glitch involving the Commercial Bank of Ethiopia before police stopped further withdrawals from happening.

International Business Times UK

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The Hindu

Letters to The Editor — March 20, 2024

Readers’ mail to The Hindu’s Letters to The Editor

International Business Times

Assailants Attack Central Bank As Gang Violence Grips Haiti

Security forces in Haiti killed at least three people, repelling an attack on the central bank as gang violence surges in the capital of Port-au-Prince, an employee said Tuesday.

The Hindu

Decoding electoral bonds data

Incomplete disclosure of electoral bond data raises suspicions of corruption and quid pro quo in political funding.

Newcastle Herald

Repacholi blasts 'Sydney fat cats' over bank closure in double-barrel spray

The region has been rocked by two branch closures.

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Newcastle Herald

What will happen to Greater and Permanent HQs beyond $20b bank merger?

It's been one year since the $20-billion merger.

Evening Standard

Scottish Widows staff told not to use the word ‘widow’ as it triggers some customers

Bank bosses say it may spark ‘unwarranted personal memories of trauma and upsetting situations’

The Guardian - UK

Starling bank refused a £10,000 scam refund for my grieving, ill husband

The scammers struck two days before he was due to have major heart surgery, and in the midst of grieving for our daughter, who was murdered overseas

AAP

Subsidiaries offer cheaper rates than big bank parents

Big banks are attracting new customers via their subsidiaries and digital offshoots while customers with their main brands keep their margins healthy.

The Guardian - UK

Nationwide faces mounting calls to give members say on Virgin Money takeover

Experts question if ‘bigger is better’ and whether members should be consulted on the £2.9bn deal

The Hindu

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case

The Enforcement Directorate (ED), Mumbai, has provisionally attached immovable properties consisting of Hotel One Continent at King Koti Road, Sultan Bajaar, Abids, Hyderabad, to the extent of ₹43.84 crore under the provisions of Prevention of Money Laundering Act (PMLA), 2002, in loan fraud case of the Punjab and Maharashtra Cooperative…

The Hindu

Watch | Electoral bonds: Who were the biggest donors?

Overall, donors acquired electoral bonds worth over ₹12,155 crores during this period, with political parties encashing over ₹12,769 crores in the same duration

1 … 46 47 48 49

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