London, Sept 17
The British Government on Monday said it would sell 6 per cent of its 39 per cent stake in Lloyds Bank, which in 2008 was bailed out by the state to the tune of 20.3 billion pounds ($ 32.3 billion...
Mumbai, Sept. 2
The country’s largest software exporter Tata Consultancy Services is said to have bagged a deal to implement its core banking platform at Saudi Arabia’s National Commercial Bank.
Mumbai, Aug 24
Finance Minister P. Chidambaram today held a closed-door meeting here with top bankers to take stock of the situation in the wake of rupee volatility and to study ways to shore up foreign capital...
August 18, 2013
My asset allocation has changed from a 100 per cent equity portfolio to a more balanced portfolio.PRATEEK PANT, DIRECTOR, PRODUCTS AND SERVICES, RBS PRIVATE BANKING
Sydney. Aug 14
Australian universities said on Wednesday they expect the falling value of the local currency to restore competitiveness against rivals for foreign students, after a global survey showed it to be...
Mumbai, Aug. 6
Standard Chartered India’s net profit before tax rose 45 per cent to $450 million in the six-month ended June 2013, driven by higher net interest margin and growth in trade and working capital loa...
Mumbai, Aug 2
On the heels of RBI taking steps to squeeze out liquidity, German lender Deutsche Bank today raised the deposit rates by up to 1.5 per cent.It has increased the interest rate offering on 10...
Frankfurt, July 30
Deutsche Bank’s profits halved year-on-year in the second quarter after it was forced to set aside 630 million euros ($834.9 million) to meet the costs of a series of lawsuits, Germany’s biggest b...
London, July 24
British regulators have fined the Royal Bank of Scotland 5.6 million pounds ($8.6 million) for incorrectly reporting nearly 45 million transactions it made on financial markets.
Mumbai, July 22
HSBC India today said it has appointed Sanjiv Sud as Head of Retail Banking and Wealth Management.“Before taking over as the Head of Retail Banking and Wealth Management at HSBC in India, S...
New York, Sept 17
JP Morgan Chase, seeking to resolve investigations into the loss of $ 6.2 billion in bad trades, is close to an agreement calling for the bank to pay fines totalling at least $ 700 million, US new...
New Delhi, Sept 1
As many as 16 public sector banks and 10 private sector banks missed the target of their lending to priority sector in the year 2012-13, the Reserve Bank said.“As on March 31, 2013 domestic...
New York, Aug 22
US banking giant Wells Fargo has said that it is cutting 2,300 jobs due to declines in mortgage refinancings in the wake of higher interest rates.
Wells Fargo, the nation’s largest bank b...
New York, Aug 17
JPMorgan Chase & Co has agreed to pay $23 million to settle claims that it mishandled pension fund money by investing with Lehman Brothers. A court document filed yesterday shows that t...
London, Aug 11
UK-based global banking giant HSBC has seen its first-half profit from India business falling to $ 414 million in 2013, amid a decline of over $ 500 million in customer accounts since the beginnin...
London, Aug 2
State-rescued Royal Bank of Scotland promoted New Zealander Ross McEwan, its head of retail business, to be the new chief executive today when it also announced a return to profit.RBS, 81-p...
Frankfurt, Aug 1
The European Central Bank is expected to leave interest rates on hold at an historic low of 0.5 per cent on Thursday amid signs that the eurozone’s recession could be coming to an end.
Zurich, July 25
Credit Suisse increased its net profit by a third to 1.045 billion Swiss francs ($1.116 billion) in the second quarter, thanks to improved earnings from investment banking, Switzerland’s second bi...
Zurich, July 22
Switzerland’s biggest bank, UBS, said on Monday that its net profit rose 62 per cent in the second quarter, compared with the same period last year, to 690 million Swiss francs ($733 million).<...
Detroit, July 20
Franco-Belgian banking group Dexia could face further troubles because of the bankruptcy declared by the US city Detroit, Belgian media reported Saturday.
In 2006, Dexia was among severa...