London, Nov 25
The Royal Bank of Scotland faced new allegations of impropriety Sunday — this time for convincing small— and medium-sized business clients to take on unsustainable levels of debt and then acquirin...
Mumbai, Nov. 21
However, the overall trend of complaints showed a marginal decline of three per cent.
Washington, Nov 20
The $13-billion settlement that JPMorgan Chase agreed to yesterday is the largest ever between the Justice Department and a corporation. Yet it isn’t likely the end of the bank’s legal troubles ov...
London, Nov 18
French banking major BNP Paribas has agreed to buy the Belgian Government’s 25 per cent stake in BNP Paribas Fortis for €3.25 billion (about $4.38 billion).
BNP Paribas has a significant...
New Delhi, Nov 15
Max Bupa Health Insurance has entered into a bancassurance tie-up with Deutsche Bank.
With this alliance, Max Bupa will offer its comprehensive health insurance plans to Deutsche Bank cus...
Kochi, Nov. 11
The Bank Employees Federation of India will hold a dharna in front of the Reserve Bank of India offices at Kochi and Thiruvananthapuram to oppose RBI’s soft approach to the entry of foreign banks...
Mumbai, Nov. 7
The new RBI guidelines that allow foreign banks to set up operations in India in the form of independent subsidiaries will lead to level playing field and could alter the banking landscape in the...
November 7, 2013
Local incorporation makes good business sense for foreign banks, apart from providing better regulatory cover for consumers.
Mumbai, Nov 5
Tata Consultancy Services has been selected by Zions Bancorporation, a US-based financial services company, to deploy its BaNCS suite of core banking software.
Financial details o...
Mumbai, Oct 29
The Reserve Bank of India said that it will outline a “scheme” by mid-November to encourage existing foreign banks to convert their Indian operations into wholly-owned subsidiaries...
Mumbai, Nov. 22
Citibank has decided to put its old headquarters in Mumbai on the block and has appointed the CBRE group as its consultant.
Citi Centre, an 84,000-sq-ft space in Mumbai’s prime bu...
Tokyo, Nov 21
Bank of Japan said on Thursday that it would maintain its monetary easing measures to combat chronic deflation and stimulate the nation’s economy.The decision to maintain the policy was una...
New York, Nov 19
A South Korean electronics firm has sued leading global banks in New York for manipulating the foreign exchange market as regulators in several countries investigate similar allegations.
Mumbai, Nov 17
HSBC India has sounded evasive about converting itself into a locally incorporated entity, saying that changing the holding structure will not have a bearing on its broader strategy of doing busin...
London, Nov 15
Barclays Bank plans to cut 1,700 jobs as it reduces the number of local branches in Britain, a spokesman said on Thursday.
The spokesman confirmed a claim from the union Unite, saying the...
Bangalore, Nov. 11
Bank One, one of the leading banks in Mauritius, has announced the successful implementation of the Infosys Finacle Treasury solution. With Finacle, the bank’s treasury operations’ back-...
Mumbai, Nov. 7
Despite the banking index falling over two per cent, select small- and mid-cap private sector bank stocks gained on the BSE on hopes of becoming acquisition targets of foreign banks.
Mumbai, Nov. 6
Stress on our assets not beyond the banking system's: Sanjeev Lall of DBS »
London, Oct. 30
Barclays, the British banking group, is reviewing its currency trading operations over several years, becoming the latest bank to announce that it was under investigation by regulatory aut...
Geneva, Oct 29
Swiss banking behemoth UBS said today it had swung into profit in the third quarter, but missed analyst expectations and a regulator said it must strengthen its balance sheet.The bank, whic...