finance > banks & institutions > banks general Reports for : 2009 | 2006 - 1999 Banks general Fed plans to buy $500 billion in mortgage-backed securities by mid-2009 31 December 2008 Home loans to get chepaer in 2009 31 December 2008 PNB, BoB, ICICI Banks, Dena Bank to slash rates in New Year 29 December 2008 Clamour for information on bailout spending rises 29 December 2008 CII bats for affordable housing 29 December 2008 RBI to release third quarterly review on 27 January 27 December 2008 US government to invest $3.39 billion in American Express 26 December 2008 GE Money sells Wizard to Aussie Home Loans, Commonwealth Bank to buy $2.7 billion in mortgages 24 December 2008 CIT Group gets TARP cover after becoming a bank holding company 23 December 2008 Now US property developers want bailout 23 December 2008 China cuts interest rate fifth time in three months 23 December 2008 UBS sells off units to JPMorgan 22 December 2008 DBS to issue rights at 45-per cent discount 22 December 2008 Barclays opens first 'brand concept' bank in the UK 22 December 2008 SBI slashes lending, deposit rates 20 December 2008 Bank of America hits the wall in China 20 December 2008 US, Europe banks downgraded 20 December 2008 Rupee strengthening with strong inflows from NRIs 20 December 2008 Regulators make major amendments to credit cards 20 December 2008 Paulson seeks second half of $700 billion aid, lawmakers seek help on mortgages 20 December 2008 American bank Sovereign Bancorp to cut 1,000 jobs 20 December 2008 Belgian government on brink over suspended Fortis sale to BNP 19 December 2008 Relief for existing home loan borrowers 19 December 2008 Japan hints at rate cut after yen surges 18 December 2008 Commonwealth Bank raises funds at a discount, amid recesion 18 December 2008 Rupee sheds some early gains but shows strength 17 December 2008 RBI releases report on Trend & Progress of Banking in India 17 December 2008 Fed cuts rates to near zero per cent 17 December 2008 China likely to further cut interest rates 17 December 2008 HSBC discloses $1billion exposure to Madoff fraud 16 December 2008 Petrobras to invest $824 million from Japanese banks in new refinery 15 December 2008 Belgian court rules freezes Fortis sale to BNP Paribas, rules shareholders vote necessary 15 December 2008 Update: Public sector banks cut home loan rates 15 December 2008 Home loan rates below Rs20 lakh cut 15 December 2008 Bloomberg sues against Fed's non-disclosure of lending details 15 December 2008 Union Bank may reschedule some small and medium industry loans 12 December 2008 Dollar falls below 90 yen, but gains against rupee 12 December 2008 Bank of America to slash up to 35,000 jobs over next three years 12 December 2008 Public sector banks may lead housing rate cuts 12 December 2008 Bankers weigh rate cut for housing, small industry sectors 11 December 2008 Standard Chartered launches Platinum Debit Card 11 December 2008 Netherlands' Indover bank heading for bankruptcy 10 December 2008 Regulatory makeover for financial markets as world economy falters 10 December 2008 Australian car dealers get $2 billion lifeline 06 December 2008 ICICI Bank cuts home loan rates by 150 bps to 11.5 per cent 06 December 2008 RBI boosts liquidity; relief for real estate, export, small sectors 06 December 2008 Lloyds to continue with Halifax and Bank of Scotland brands post merger 06 December 2008 RBI Governor not in favour of large rate cut 06 December 2008 Banks take over the reins at Babcock & Brown 05 December 2008 Credit Suisse to shed 5,300 employees after $2.5 billion loss in first two months of Q4 05 December 2008 Denmark cuts interest rate by 0.75 per cent 05 December 2008 Capital One wards off Citigroup to acquire Chevy Chase Bank for $520 million 04 December 2008 Eurozone retail sales slump spurs hopes for rate cut 04 December 2008 Indian securitised markets on safe grounds: CRISIL 04 December 2008 Credit squeeze to worsen refinancing for private borrowers in Asia-Pacific: S&P 03 December 2008 RBI conserving its forex reserves 03 December 2008 SBI hiring over 4,200 staff for associate banks 02 December 2008 Rupee hits a record low of 50.65 against the dollar 02 December 2008 US credit card industry predicted to cut $2 trillion lines 02 December 2008 UK Regulator takes management control of London Scottish Bank 01 December 2008 RBI extends special liquidity, export credit facilities till June 29 November 2008 British government becomes majority shareholder in RBS as investors reject stock offering 28 November 2008 UBS executives to repay over $58 million of bonuses; bank admits some fraud 28 November 2008 Large US regional banks continue to feel credit crunch bite: S&P 28 November 2008 Banks lowering fixed deposits rates 27 November 2008 Fed approves Bank of America’s acquisition of Merrill Lynch 27 November 2008 Banks to seek RBI window for lending to SMEs 26 November 2008 HDFC launches new initiative to cut transaction time 26 November 2008 Citi's Pandit banks on Alwaleed backing 26 November 2008 Wachovia’s executives could make $98.1 million in severance 25 November 2008 Barclays to raise $10 billion from market 24 November 2008 Regulators shut down three more US banks 24 November 2008 Citi gets $20 billion cash injection and support for $306 billion bad assets 24 November 2008 Lend or face nationalisation, UK government tells banks 24 November 2008 Federal Bank to add 3,000 jobs by 2011 22 November 2008 Citi India asks 37 senior execs to quit 22 November 2008 RBI nod for 49 per cent single-entity FDI in credit info companies 21 November 2008 Fitch lowers ratings of UCO, IndusInd Bank 21 November 2008 Bank of New York Mellon Corp to slash 1,800 jobs worldwide 21 November 2008 Citigroup weighs options as shares plunge to 15-year low 21 November 2008 Citigroup stock hammered despite Alwaleed's support 21 November 2008 Citi's South Asia chief Sanjay Nayar quits, moves to KKR 21 November 2008 Barclays’ senior executives too to forego annual bonuses 18 November 2008 Bank of America to nearly double China Construction Bank stake 18 November 2008 Goldman Sachs senior executives to forgo bonuses for 2008 17 November 2008 Citigroup to slash 50,000 jobs worldwide 17 November 2008 RBI asks banks to review viability of 7 infrastructure projects 15 November 2008 Lehman-linked notes worthless: Morgan Stanley 15 November 2008 Freddie Mac's net worth turns negative, seeks $13.8 billion government funding 15 November 2008 Royal Bank of Scotland to cut 3,000 jobs: report 15 November 2008 Citigroup may slash 10,000 jobs; directors deny move to replace chairman 14 November 2008 Belgian-French finance giant Dexia to sell troubled US insurance unit 14 November 2008 Citigroup in race for Chevy Chase Bank; management shake-up possible 13 November 2008 Bank of England governor says UK economy “very likely” in recession 13 November 2008 Standard Chartered to acquire brokerage firm Cazenove Asia 13 November 2008 AmEx to become a commercial bank, get access to federal funds 11 November 2008 Banco Santander to raise $9.2 billion with rights issue 11 November 2008 UBS reveals US client details to Federal authorities 11 November 2008 ICICI Home Finance pays up to 11.15 per cent on fixed deposits 10 November 2008 HSBC posts higher Q3 profit despite $4.3 billion US loan write-off 10 November 2008 Regulators close 2 more US banks 08 November 2008 RBI opens currency swap window to Indian banks abroad 08 November 2008 Bank of England slashes lending rates by a third 06 November 2008 Agricultural Bank of China receives $19-billion infusion 06 November 2008 Wells Fargo to raise $10 billion in stock offer 06 November 2008 SBI cuts prime lending rate by 75 bps; more banks to fall in line 06 November 2008 Private sector banks to cut lending, deposit rates 05 November 2008 Rupee posts biggest single-day gain in a decade; ends at 47.69/71 a dollar 04 November 2008 Australian banks may shed 10,000 jobs in a year's time: KPMG 03 November 2008 The US braces for next crisis: Credit cards 03 November 2008 UBI cuts lending rate by 25 basis points ; ICICI Bank to review rates soon 03 November 2008 Japan rate cut fails to boost investor sentiment 31 October 2008 Amex to cut 7,000 jobs amidst rising defaults 31 October 2008 Barclays shuns UK bailout loan in favour of Middle East money 31 October 2008 NCAER calls for stable interest, exchange rates 30 October 2008 Pressure on India to cut rate as world moves towards zero interest rate 30 October 2008 Bank bonuses come under scrutiny in the US 30 October 2008 Tata Communications announces first security compliance consortium for finanacial services 30 October 2008 Fed opens $120-billion swap lines with Brazil, Mexico, S Korea, Singapore 30 October 2008 Japan rate cut said to be in the offing 30 October 2008 US Fed may cut rate to zero per cent, says report 29 October 2008 EU urges China, Gulf States to fund IMF 29 October 2008 StanChart discounts capital concerns; looks at growth 29 October 2008 Visa, MasterCard to pay $2.75 billion for unfair trade practice 29 October 2008 Banco Santander, HSBC's sale of train leasing arms expected to net £4 billion 29 October 2008 Rupee ends losing streak; closes at 49.88/89 against dollar 27 October 2008 IMF and the World Bank set to increase loans 27 October 2008 Alpha Bank is 16th bank in the US to collapse under sub-prime crisis 25 October 2008 PNC Financial acquires National City for $5.6 billion 25 October 2008 IMF approves $2-billion loan for Iceland 25 October 2008 JPMorgan chief receives death threats over WaMu deal 24 October 2008 75 top global firms default on $226 billion debt 24 October 2008 Goldman Sachs to slash 10 per cent jobs, 3200 employees at risk 24 October 2008 FII limit in government securities to stay; RBI raises overseas borrowing limit for companies 23 October 2008 Global leaders' summit in Washington on 15 November 23 October 2008 UN sets up task force to review global financial system 22 October 2008 HSBC to acquire 89 per cent in Indonesia's Bank Ekonomi for $680 million 21 October 2008 Citi awarded $364.2 million as damages in Parmalat case 21 October 2008 Indian banks' exposure to Lehman $336 million says Chidambaram 21 October 2008 Bernanke seeks fresh financial stimulus; sees low US recovery 20 October 2008 Poor response to special LAF forces RBI to cut repo rate 20 October 2008 Dutch government pumps €10 billion into ING 20 October 2008 Banks dump overseas guarantees; RBI keeps tabs on repatriation 20 October 2008 FDI inflows to feel pinch of global financial turmoil: Nath 20 October 2008 President Bush offers to host world summit to resolve financial crisis 20 October 2008 Russia readies $26 billion loans to rescue key banks 18 October 2008 Fed's daily lending to US banks top $437 billion 17 October 2008 Financial crisis and the future of banking 17 October 2008 Money-laundering laws to cover transfer agents, credit cards and casinos 17 October 2008 EU, US boost guarantees for bank deposits 16 October 2008 Credit Suisse rescues itself, UBS gets funds infusion 16 October 2008 Finally, the world has a rescue plan 15 October 2008 HSBC slashes 1,100 jobs 15 October 2008 Banks allowed to borrow up to $10 million through overseas branches 15 October 2008 RBS plans 20 billion pounds share issue to boost capital 14 October 2008 US to pump $250 billion fresh capital into banks 14 October 2008 RBI opens Rs20,000 crore short-term window for mutual funds 14 October 2008 Domestic, not global factors, affecting Indian banks: CRISIL 14 October 2008 Government to open liquidity taps; RBI mulls cut in repo, SLR 14 October 2008 Dow Jones rallies over 900 points; markets up on rescue news 14 October 2008 Europe unveils bailout plan 14 October 2008 Mitsubishi UFJ closes Morgan Stanley investment under revised terms 13 October 2008 Banco Santander bids $2.53-billion for distressed Sovereign Bancorp 13 October 2008 Financial crisis may affect fund flows to poor nations, say IMF and World Bank 13 October 2008 Governments, central banks act to stem further meltdown; markets zoom again 13 October 2008 Putin unveils Russian bailout package 13 October 2008 ICICI’s books ‘fine’ says RBI; ICICI files complaint against rumour mongers 13 October 2008 Total exposure of Indian banks to overseas financial firms is $1 billion 13 October 2008 G7 may suspend trading in bank stocks; countries pledge support 13 October 2008 Wells Fargo’s buyout of Wachovia cleared 11 October 2008 Paulson mulls government purchase of bank shares 11 October 2008 IMF creates $200-billion emergency fund to ease credit crunch 10 October 2008 Citigroup abandons fight for Wachovia; will press lawsuit against Wells Fargo 10 October 2008 Government cancels sale of Rs10,000 crore bonds 10 October 2008 Banking sector market value plunges almost $3 trillion: Boston Consulting 10 October 2008 RBI cuts CRR by another 100 bps to 7.5 per cent 10 October 2008 Britain unveils $906-billion bailout plan for banks 10 October 2008 UK launches 50 billion pound rescue plan for banks 08 October 2008 Rupee at a 6-year low of 48.75 a dollar 08 October 2008 Fed cuts rate by 50 bps to 1.5 per cent; other central banks follow lead 08 October 2008 Iceland headed for bankruptcy; PM seeks $5.44-billion Russian loan 08 October 2008 Financial crisis spreads across boundaries 07 October 2008 Commonwealth Bank offers to buy HBOS arm West Bank for $1.44 billion 07 October 2008 Scotiabank buys Sun Life's mutual fund stake for C$2.3 billion 07 October 2008 Indian American Neel Kashkari to oversee US bailout plan 07 October 2008 Bank of America agrees to $8.6 billion deal on Countrywide loans 06 October 2008 Citi seeks $60-billion damages from Wells Fargo 06 October 2008 Germany's Hypo Real gets $68 billion lifeline 06 October 2008 MCX Stock Exchange to launch currency futures trading on 7 October 06 October 2008 Rupee hits a 5-1/2-year low at 47.71/72 a dollar 06 October 2008 Fed intervenes as Wachovia gets Citi’s stay overruled 06 October 2008 Netherlands government acquires Fortis' Dutch unit for €16.8 billion 04 October 2008 ADB extends $150 million loan for khadi industry 04 October 2008 Citi fumes as Wells Fargo steals Wachovia 04 October 2008 Wells Fargo edges Citi to grab Wachovia for $15.1 billion 03 October 2008 US Senate's new $700-billion package 02 October 2008 Libor surges to an all-time high 02 October 2008 Rupee hits a 5-year low of 47.22 against the dollar 01 October 2008 UBS to axe 1,900 jobs 01 October 2008 Regulators assessing need to relax curbs on currency derivatives: SEBI chief 01 October 2008 White House, lawmakers plan new bailout deal 30 September 2008 RBI allays fears over ICICI Bank's finances 30 September 2008 Indian banks ask RBI to ease CRR, SLR curbs as liquidity tightens 30 September 2008 No threat to ICICI Bank’s financial health, asserts Kamath 30 September 2008 The Paulson Plan crashes 30 September 2008 Central bankers pump $630 billion in global financial system 30 September 2008 Shock defeat for $700-billion bail out plan 30 September 2008 Citi to acquire Wachovia assets in a US government-backed rescue 29 September 2008 Benelux governments inject €11.2 billion to save Fortis 29 September 2008 Rupee hits a 5-year low at 47.10 a dollar 29 September 2008 Risks of a blanket bailout 29 September 2008 US lawmakers in preliminary agreement on Bush’s $700 billion bailout package 29 September 2008 Third British bank set to fall as B&B is nationalised 29 September 2008 Fortis to sell assets worth $14.6 billion as shares plunge: changes CEO 27 September 2008 US bailout package may cover 5 UK banks also 26 September 2008 Bush’s bailout plan under attack by Republican legislators 26 September 2008 Federal Reserve seizes WaMu; auctions it to JPMorgan for $1.9 billion 26 September 2008 Washington Mutual’s stock plummets on ratings downgrade 25 September 2008 Bernanke implores Congressional support as $700-billion package faces opposition 25 September 2008 Bush's $700 billion bailout plan for banks faces Congress heat 24 September 2008 CBI busts fake RBI cheques scam 24 September 2008 RBI announces norms for exchangeable foreign currency bond issue 24 September 2008 Banks employees on 2-day nationwide strike from 24 September 23 September 2008 Washington Mutual shares seesaw on conflicting news; Citigroup mentioned as possible acquirer 23 September 2008 G7 pledges support sans cash to Paulson plan 23 September 2008 UAE establishes $13.6-billion fund to tide over crisis 23 September 2008 Morgan Stanley, Goldman Sachs seek deposits in their transformation into banks 23 September 2008 Mitsubishi UFJ to acquire 20 per cent in Morgan Stanley for $8.4 billion 22 September 2008 Seven Chinese banks report $721 million exposure in Lehman 22 September 2008 China moves in to avert market downfall 22 September 2008 Government further liberalises norms for overseas bond issue 22 September 2008 Goldman Sachs, Morgan Stanley surrender investment bank status 22 September 2008 Paulson for immediate approval of $700-billion package 22 September 2008 HSBC dumps Korea Exchange Bank acquisition plan 20 September 2008 Bush administration announces $500-billion bailout package 20 September 2008 SBI hopes to recover most of its $5 billion Lehman exposure: O P Bhatt 20 September 2008 Lloyds takes over HBOS in $21.7 billion deal with British PM Brown’s support 19 September 2008 RBI asks banks to unwind Lehman exposure 19 September 2008 Acquisition by Chinese banks creating opportunities for foreign banks: The Boston Consulting Group 19 September 2008 Asian Banks to face indirect impact of US fnancial turmoil: S&P 18 September 2008 Lehman collapse won't hurt public sector banks: Chidambaram 18 September 2008 Rupee rises from Tuesday's pits; trades at 46.28 per dollar 17 September 2008 ICICI denies share sales as rumours 17 September 2008 Lehman’s fall to cost ICICI Bank approximately $80 million 17 September 2008 ADB warns central banks against loosening policy grip 16 September 2008 State Bank of Indore, State Bank of Patiala to merge with SBI 16 September 2008 RBI wants government to end tax sops for special deposit schemes 15 September 2008 China cuts lending rates, reserve ratio for banks as global financial markets sink 15 September 2008 Rupee hits a 2-year low of 46 against the US dollar 15 September 2008 RBI marks up interest on floating rate bonds 2013 to 9.77 per cent 15 September 2008 RBI asks banks to detail services charges, interest rates on websites 13 September 2008 China easing telecom, financial sector investment norms for foreigners 13 September 2008 Bank recovery agents to undergo training 13 September 2008 Deutsche Bank to acquire stake in Postbank for $9.7 billion 11 September 2008 Bank of America agrees to buy back $4.8 billion in auction rate securities 11 September 2008 Supreme Court refuses stay against credit card interest at 30 per cent 09 September 2008 Dr Subbarao's first challenge 04 September 2008 SEBI to launch exchange traded interest rate futures soon: Bhave 02 September 2008 Canara bank to open over 100 new branches in 2008-09 01 September 2008 Germany’s No.2 bank Commerzbank acquires No.3 Dresdner for $14.4 billion 01 September 2008 Credit card spending zooms in 2007-08: RBI 01 September 2008 RBI cautions against US subprime-like crisis 30 August 2008 Rupee hammered on Day 1 of futures trading on NSE 29 August 2008 ICICI's Kalpana Morparia to head JP Morgan Chase and Co. in India 29 August 2008 Reserve Bank to replace old currency series from 1996 and 2000 28 August 2008 NSE to start trading in currency futures from 29 August 28 August 2008 Citigroup penalised for fraudulent credit card practice 28 August 2008 ICBC of China becomes the most profitable bank on loans 21 August 2008 Lone Star acquires IKB Deutsche Industriebank AG, first German casualty of sub-prime mortgage crisis 21 August 2008 IndusInd Bank, Grameen Capital, SKS Microfinance in agri microfinance deal 21 August 2008 Marketing a good cause: SBI to offer loans for cardiac treatments 20 August 2008 Bank employees to strike work on 20 August 19 August 2008 ICICI Bank sells $275 million of credit derivatives abroad; signs MoU with US Exim 19 August 2008 Biggest US bank failure yet to come, says former IMF economist 19 August 2008 Strike by officers hits clearing operations at SBI group 18 August 2008 Is the era of big global banks over? 18 August 2008 Rupee falls to a 17-month low below 43.50 a dollar 18 August 2008 Australia’s No 2 bank Commonwealth may buy BankWest for $5.2 billion 18 August 2008 Credit grows faster at 25.8 per cent despite RBI's liquidity squeeze 16 August 2008 RBI a net seller of foreign exchange in June 16 August 2008 Finance ministry clears SBI-SBS merger; bank employees plan protest 14 August 2008 Time to clean up: delinquencies rise on unsecured credit advances 13 August 2008 Japan’s largest bank offers $3 billion for remaining stake of its US unit 12 August 2008 UBS posts $329 million Q2 loss; goes in for major restructuring 12 August 2008 SBI hikes prime lending rate to 13.75 per cent 11 August 2008 RBI rejects SBI-Societe Generale joint venture proposal 11 August 2008 RBS to sell $8 billion of discounted loans to PE firms 11 August 2008 UBS follows Citigroup to settle auction securities fraud 08 August 2008 RBS takes $1.35 billion H1 loss after $8.9 billion write-down 08 August 2008 Citigroup to settle with authorities on securities fraud 08 August 2008 European Central Bank, Bank of England hold interest rates as inflation rises 07 August 2008 US authorities bust international hackers' ring that stole 41 million card details 06 August 2008 Yes Bank to finance Windlab Systems to drive wind power into India 05 August 2008 Citigroup becomes the latest Wall Street entity to be charged with securities fraud 02 August 2008 Banks hike lending rates from today 01 August 2008 Bankers see PLR hikes; India Inc voices mixed reaction 30 July 2008 ICICI Bank launches virtual "b2-Branch-free Banking" initiative 29 July 2008 New York attorney general charges UBS with securities fraud 26 July 2008 RBI finalising mobile banking guidelines 25 July 2008 RBI cracks the whip on credit card issuers 25 July 2008 Cabinet clears merger of State Bank of Saurashtra with SBI 24 July 2008 Online banking unsafe, finds University of Michigan study 24 July 2008 RBS fails to sell of Australian assets; faces multi-million pound lawsuit by hedge fund 24 July 2008 Tata Capital, Mizuho Corporate Bank in strategic alliance 22 July 2008 Banks told to compensate for delay in clearing outstation cheques 21 July 2008 Citigroup $2.5-billion quarterly loss lower than expected; shares rise 19 July 2008 UBS exits offshore business in US 18 July 2008 Lehman buys 50 per cent in Unitech's Mumbai project for Rs740 crore 17 July 2008 Bahrain-based bank launches investment company in Navi Mumbai 17 July 2008 Tight money not hurting investments, says ICICI's Kamath 14 July 2008 Spain’s Banco Santander buys UK mortgage lender Alliance & Leicester for $2.6 billion 14 July 2008 Another US bank fails: Regulators seize IndyMac Bancorp assets 12 July 2008 Citi may sell stake in HDFC 12 July 2008 GE sells Japanese consumer lending business for $5.4 billion to Shinsei Bank 12 July 2008 Citigroup sells German unit to France's Credit Mutuel for $7.8 billion 11 July 2008 Spare banks of further rate hikes: IBA tells RBI 10 July 2008 US Treasury undersecretary Steel is new Wachovia CEO 10 July 2008 Canara Bank gets China regulatory nod for Shangai branch 09 July 2008 UCO Bank to raise Rs825 crore, targets profit growth of 82 per cent this yearr 09 July 2008 RBI advocates SHG model for lending to SMEs 09 July 2008 SBI raises floating rate on home loans by 0.5 per cent 05 July 2008 Goldman Sachs predicts dire future for European banks, predicts need for more capital 05 July 2008 French regulator fines Société Générale $6.3 million for lax internal controls 05 July 2008 US wins court order for UBS bank records; steps up probe 04 July 2008 RBI tightens reporting norms for UCBs to check money laundering 03 July 2008 European Central Bank raises key rate by 25 basis points to 4.25 per cent 03 July 2008 Fortune 500 lender CIT Group sells off units for $1.8 billion to exit home lending 02 July 2008 RBI, BoJ sign currency swap agreement 01 July 2008 HDFC, ICICI Bank hike lending, deposit rates 30 June 2008 SBI, UBI hike home and auto loan rates; others to follow 30 June 2008 NHB to set up mortgage guarantee corporation, raise Rs11,000 crore from public 28 June 2008 Citigroup to sell BPO, tech arms in India; may write down $9 billion in Q2 27 June 2008 Bank of America-Countrywide merger to cost 7,500 jobs 27 June 2008 Belgian-Dutch Fortis becomes the latest bank to seek fresh capital 26 June 2008 SBI hikes prime lending rate by 50 basis points to 12.75 per cent 26 June 2008 Mortgage lender Countrywide finds itself the target of Illinois and California lawsuits 26 June 2008 Barclays to raise $8.9 billion to boost capital and lend overseas 25 June 2008 Banks expect lending rates to go up by 1 percentage point 25 June 2008 MasterCard agrees to pay American Express $1.8 billion in antitrust settlement 25 June 2008 RBI hikes repo rate to 8.5 per cent; CRR to go up to 8.75 per cent in 2 stages 24 June 2008 Lone Star chief cleared of stock manipulation, may accelerate HSBC purchase of KEB 24 June 2008 SocGen launching NBFC to expand business in India 24 June 2008 Lloyds TSB in talks with Allianz to buy Dresdner Bank 23 June 2008 Japanese bank Sumitomo set to invest 100 billion yen ($930 million) in Barclays 23 June 2008 RBI freezes credit derivatives plan to limit unchecked credit expansion 20 June 2008 Goldman Sachs says worst yet to come for banks, but sees turnaround in 2009 18 June 2008 SocGen private banking arm buys 37 per cent in Rockefeller Financial Services 17 June 2008 Barclays confirms possible sale of new equity, stock jumps in London trading 16 June 2008 Deutsche Bank to set up Middle-East's largest R&D facility 16 June 2008 State Bank, HDFC to raise lending rates 12 June 2008 RBI hikes repo rate by 25 bps to 8 per cent 11 June 2008 Punjab National Bank, IL&FS sign MoU for industrial infrastructure projects 11 June 2008 Private banks grabbing market share from public sector banks, says Moody's 09 June 2008 Citigroup shuts down consumer finance operations in Japan 06 June 2008 Anti-money laundering act amended to widen scope 06 June 2008 Asian banks can witstand economic downturn: Fitch 06 June 2008 Bank of America’s $4-billion acquisition of mortgage lender Countrywide cleared 06 June 2008 Northern Rock in mortgage swap deal with Lloyds 05 June 2008 US fourth-largest bank Wachovia fires CEO as losses mount; may be takeover target 03 June 2008 SBI leads public sector banks in farm loan waiver 03 June 2008 GE Commercial Finance and Spain’s Banco Santander to swap $1.6 billion of assets 03 June 2008 RBI allows trade in oil bonds up to Rs 1,000 crore per day limit 31 May 2008 HDFC to add 300 ATMs in India, places order with NCR 28 May 2008 Bank of America to exercise portion of China Construction Bank option 28 May 2008 US banks unlikely to fund an MTN merger 27 May 2008 St George Bank board approves Westpac's $19 billion takeover offer 27 May 2008 HSBC pushes for $6.3-billion Korean deal with warning to pull out 27 May 2008 Spain’s Criteria buys 20 per cent stake of Carlos Slim Helu’s bank for $2.4 billion 26 May 2008 SBI hikes interest rates on domestic term deposits 26 May 2008 Doha Bank to set up financial services company in India 26 May 2008 RBI to issue norms for foreign currency exchangeable bonds soon 26 May 2008 SBI employees to go on strike on 6th June, Friday 24 May 2008 RBI asks banks to mark down valuation of special bonds 23 May 2008 Venezuela forms development bank with Iran, taps Japanese funds 21 May 2008 SBI rescinds suspension of agri implements loans 21 May 2008 Market-based forex rates can't be used to fight inflation: RBI governor 20 May 2008 Citigroup facing trial in $2 billion Parmalat fraud case 20 May 2008 Royal Bank of Scotland announces four key appointments to strengthen India operations 19 May 2008 SBI puts loans for agri mechanisation on hold 19 May 2008 Morgan Stanley cut 1,500 jobs this week, Layman to follow 17 May 2008 HSBC to acquire 73.21 per cent stake in brokerage IL&FS for Rs1000 crore 17 May 2008 IFC invests $45 million in Standard Chartered Bank initiative for micro-finance sector in Asia and Africa 16 May 2008 SBI to hold majority stake in non-life insurance operations with Australia's IAG 14 May 2008 Australia's Westpac Bank in take-over talks with St George 12 May 2008 Wachovia strips CEO Thompson of chairman's role; appoints Lanty Smith instead 12 May 2008 US bank Sovereign looking to raise $1.5 billion; may lose management control to Santander 10 May 2008 Citigroup to sell off $400 billion of assets over next three years: CEO Vikram Pandit 09 May 2008 Canara HSBC Orienal Bank life insurance JV gets regulatory nod 08 May 2008 HSBC loses data of 159,000 account holders as server goes missing 08 May 2008 Idea Cellular, Tata Communications, Etisalat UAE team up with HSBC India to launch global money transfers 07 May 2008 Target sells 47 per cent in credit card receivables to JPMorgan for $3.6 billion 06 May 2008 SBI raises FCNR, NRE deposit rates 05 May 2008 Basel II positive for debt market development: CRISIL 05 May 2008 SBI to restructure credit card business 03 May 2008 Citi, State Street Sell Joint Venture CitiStreet for $900 million 03 May 2008 Citigroup stake sale fetches $4.5 billion; exceeds target by 50 per cent 01 May 2008 Mobile banking set to grow 01 May 2008 Wracked by sub-prime crisis, Deutsche Bank posts first quarterly loss in five years 30 April 2008 Citigroup to raise $3 billion in capital through fresh stock sale 30 April 2008 HSBC gets more time to acquire Lone Star stake in Korea Exchange Bank 29 April 2008 RBI sets up working group for launching currency futures 29 April 2008 Deutsche Bank's investment arm RREEF starts India operations, to invest $1 billion 29 April 2008 Wachovia to pay $144 million to settle telemarketing fraud allegations 26 April 2008 SBI makes $10 million provision for possible sub prime losses 23 April 2008 Citigroup CEO Vikram Pandit joins other chief executives in saying the end of sub-prime crisis closer than the beginning 23 April 2008 Bank of America’s quarterly profit drops 77 per cent but it still stays in the black 22 April 2008 Bank of England mulls £50-billion bailout for British banks hit by credit crisis 19 April 2008 After Merrill Lynch losses and job cuts, Citi loses $5.11 billion in Q1; to cut 9,000 jobs 18 April 2008 Australia's ANZ to shift 5 per cent jobs from New Zealand to India as business transformation strategy 18 April 2008 Wachovia reports $393 million Q1 loss; plans $7 billion capital infusion 14 April 2008 TVS Group gets its first equity partner; lifts Rs100 crore funds from Goldman Sachs 12 April 2008 Lehman liquidates three funds after taking a $1 billion hit 10 April 2008 ICICI Bank in tie-up talks with Russia's MBRD for mortgage lending 10 April 2008 IMF predicts close to $1 trillion losses due to US sub-prime mortgage crisis 09 April 2008 Goldman Sachs group abandons deal to acquire Myers 05 April 2008 Malaysia's Maybank eyes stake in Pakistan MCB Bank 05 April 2008 Standard & Poor's downgrades Tata Motors credit rating 04 April 2008 Bank of America patents innovative technology for corporate cards 04 April 2008 Loan defaults highest in 15 years, says US bankers’ body 04 April 2008 Citibank aims targeted offering at expatriates 03 April 2008 Credits poised for downgrades reach new record: S&P 02 April 2008 UBS announces fresh $19 billion loss; Deutsche Bank loses additional $3.9 billion 01 April 2008 RBI revises risk management norms to banks 28 March 2008 Citigroup agrees to settle Enron claims for $1.6 billion 26 March 2008 SBI gets nod to start retail operations in Singapore 26 March 2008 Singapore's DBS gets RBI permission to expand in India 25 March 2008 Citibank's sub-prime losses beat combined losses of Indian banking sector 25 March 2008 JPMorgan may raise Bear Stearns bid to $10 a share: report 24 March 2008 Citigroup to retrench 2,000 investment bankers and traders 20 March 2008 Political wrangling leaves Bank of Japan headless 20 March 2008 Major shareholders oppose Bear Stearns takeover by JPMorgan Chase 20 March 2008 BNP Paribas abandons bid for Societe Generale 19 March 2008 After UCO Bank, Allahabad Bank cuts home loan rates 18 March 2008 SBI, Citigroup, JPMorgan to provide $3 billion for Tata Motors' Jaguar-Land Rover acquisition 18 March 2008 Fed cuts key lending rate to 3.25 per cent 17 March 2008 DBS awaits RBI approval for expanding India operations 17 March 2008 CII organizes Latin American and Caribbean investment seminar 15 March 2008 Finance Minister puts numbers to his Rs60,000 crore loan waiver plan 15 March 2008 US developments may affect policy decisions: RBI governor 15 March 2008 US Fed bails out Bear Sterns through JPMorgan Chase 15 March 2008 US regulators propose tough new rules for mortgage market 14 March 2008 Blackstone buys Titagarh Wagons stake in pre-IPO placement 13 March 2008 UCO Bank to raise Rs625 crore 13 March 2008 JPMorgan sees a tightening of money market liquidity 11 March 2008 RBI makes ATM services free from April 2009 10 March 2008 Global financial institutions take a $215 billion sub prime hit: Japanese regulator 10 March 2008 HDFC Bank to expand its global presence 10 March 2008 Retail Banks’ spend on Business Intelligence technology expected to reach USD$9bn by 2012 10 March 2008 Western banks face $325 billion capital erosion: JPMorgan 08 March 2008 HDFC seeks nod for lending against farmland in Punjab 08 March 2008 StandChart to sell MF business to IDFC 07 March 2008 Barclays to buy Russia’s Expobank for $745 million 05 March 2008 HSBC gets antitrust approval for Korea Exchange Bank bid 05 March 2008 Barclays launches its ‘Hello Money’ mobile banking in India 05 March 2008 European Central Bank asks US to stem dollar slide 04 March 2008 HSBC profits up 10 per cent despite $17 billion subprime loss 04 March 2008 Banks may need an extra $143 billion to tide over crisis, says Barclays report 04 March 2008 Rangarajan panel wants bank branches to cover 250 new farmers a year 04 March 2008 Minister's statement on ICICI Bank's $264-million sub prime loss sends markets into jitters 04 March 2008 HDFC Bank to secure shareholder approval on Centurion acquisition at EGM on 27 March 04 March 2008 HSBC may sell 7 French units to Banque Populaires for €2.1 billion 29 February 2008 Nadars bank on Iyengar to control Tamilnad Mercantile Bank 28 February 2008 Germany's HSH Nordbank to sue UBS over sub prime losses 27 February 2008 Dresdner Bank joins rescue plan for Ambac 26 February 2008 HDFC Bank approves merger share swap ratio of 1: 29 Centurion Bank of Punjab shares 25 February 2008 Boards of Centurion Bank, HDFC Bank to consider merger 22 February 2008 HDFC Bank plans to raise $1 billion for overseas expansion 22 February 2008 HDFC Bank in advanced merger talks with Centurion Bank of Punjab: CNBC-TV18 21 February 2008 HSBC heads the list of world's most valuable banking brands 19 February 2008 Productive sectors have not been starved of credit: Chidamnbaram 12 February 2008 Arcil sells Rs 3,925 crore NPL portfolio to Deutsche Bank 12 February 2008 HSBC may sell around 350 branches in France: report 12 February 2008 SBI, BoI cut lending rates; IOB likely to review rates 11 February 2008 SBI rights to open on February 18; to raise over Rs16,000 crore 08 February 2008 Barclays Plc contracts US credit cards back office contract to Firstsource Solutions 08 February 2008 Wachovia accused of being party to telemarketing fraud 07 February 2008 RBI puts UBS licence on hold, appoints finance ministry official on its panel 06 February 2008 Canara Bank, Allahabad bank cut home loan rates 05 February 2008 China's top bank ICBC to take 20 per cent in South Africa's Standard Bank 04 February 2008 Citi's troubles and the future of banking 04 February 2008 Banks join to rescue US bond insurer Ambac 02 February 2008 Royal Bank of Canada enters Indian market; targets high net worth individuals 02 February 2008 ICICI Bank cancels plans for new subsidiary 02 February 2008 Credit Agricole joins race for SocGen stake 01 February 2008 BNP to the rescue as France warns against hostile bids for SocGen 31 January 2008 Deutsche Bank increases stake in China's Harvest Fund Management 31 January 2008 Should you take a car loan from a PSU bank or a private one? 30 January 2008 Should you opt for a fixed-rate or a floating-rate loan? 30 January 2008 Everything you should know about car loans 30 January 2008 BNP provides a Rs570-crore equity boost to its Indian operations 28 January 2008 Fears of recession, may force RBI to cut rate: survey 28 January 2008 Japanese bank Mizuho to tie-up with State Bank of India 25 January 2008 Citigroup plans job cuts in UK, India; awards CEO with $26.7 million shares and 3 million options 25 January 2008 France's Societe Generale takes a $7.1 billion hit; alleges fraud by trader 24 January 2008 ICICI launches global fund in Dubai; ties up with UAE Xchange for travel card 23 January 2008 Bank of India may offer liquidity support to brokers 23 January 2008 Citi announces exchange ratio for share exchange with Nikko Cordial Corporation 19 January 2008 Financial sector downturn tests bank creditworthiness: S&P 18 January 2008 RBI cautions banks on fake currency 15 January 2008 Citigroup raising $14.5 billion after $18 billion write-down, cuts dividend 15 January 2008 SBI to raise Rs16,736 crore through rights issue 14 January 2008 Citigroup may have to write down $24 billion, cut 20,000 jobs: report 14 January 2008 Indian Bank to expand branch and ATM network 12 January 2008 Stanchart looking for a buyer for Indian mutual fund business 12 January 2008 Citigroup looks to Saudi Prince, China for fresh funding 12 January 2008 Northern Rock sells $4.3 billion of assets to J P Morgan to repay Bank of England 12 January 2008 Citibank India to establish new Japan desk 10 January 2008 UAE's First Gulf, Kotak Mahindra tie up for investments, money transfers 09 January 2008 Increasing loan defaults eroding bank profitability: Crisil 09 January 2008 State Bank in Rs800-crore pre-IPO private placement with Mahindra Holidays 08 January 2008 Retail assets: A case for caution, not alarm says CRISIL 08 January 2008 Chidambaram expects better bids for IFCI 29 December 2007 Citigroup, HSBC may sell units to stave off a crisis: report 28 December 2007 RBI releases draft approach paper on Fair Pricing and Enhanced Access of bank ATMs 24 December 2007 Bank of Baroda to raise Rs2,500 crore via bond issue 22 December 2007 Advantage Partners to buy out Tokyo Star Bank for $2.2 billion 22 December 2007 Go green, back sustainable growth, RBI tells banks 21 December 2007 ABN Amro renewing focus on advisory, wealth management services 21 December 2007 ICRA signs MoU with Corporation Bank for loan rating 20 December 2007 Short-term credit auction: 93 banks bid to borrow money from the Fed 20 December 2007 IFCI dumps Sterlite offer, calls for bids to sell holding in firms 20 December 2007 ECB pumps in $500 billion to resurrect the money markets 19 December 2007 European Central Bank offers $501 billion in short-term funding to banks 18 December 2007 RBI tightens credit flow to mutual funds, foreign institutional investors 14 December 2007 Citigroup to take $49 billion of SIV assets onto its balance sheet 14 December 2007 ICICI, IL&FS, Kotak take equity in Multi Commodity Exchange (MCX) 14 December 2007 A survival guide for central bankers 13 December 2007 UBS to write down $10 billion, raise $11.5 billion in stake sale 10 December 2007 Russian bank VTB to open branch in India 10 December 2007 US consumer credit October growth rate smaller than expected 10 December 2007 Tightening monetary policy, increased consumer leverage, appreciating rupee to impact Indian banks: Fitch 06 December 2007 RBI issues draft guidelines for banks' recovery agents 30 November 2007 Government clears State Bank's Rs10,000 crore rights issue 30 November 2007 Fed still divided on cutting interest rates, despite vice chairman Kohn's positive signals 29 November 2007 ICICI Bank securitises Rs1,930 crore car loans 27 November 2007 Citi to sell $7.5 billion of equity units to Abu Dhabi Investment Authority 27 November 2007 Debt protection costs up for Fannie Mae, Freddie Mac 22 November 2007 Government seeks US approval for SBI, BoB expansion 21 November 2007 Citigroup's subprime losses may vault to $15 billion: Goldman Sachs 19 November 2007 Chinese banks eye Singapore government stake in StanChart 19 November 2007 Finance ministry may solve PSU banks' cash crunch problem 17 November 2007 State Bank of India launches gold coins 17 November 2007 Mutual fund assets reach all-time high in October: CRISIL 17 November 2007 IDBI unveils $1.5-billion medium term note programme 16 November 2007 BoB hikes deposit rates; announces plan to raise Rs2,000 crore 16 November 2007 Bank of America, Citigroup and J P Morgan reach agreement on $75-billion SIV backup fund 15 November 2007 Worsening credit crisis pressures threaten Barclays, HSBC 15 November 2007 Asian banks seek tools to fuel growth sans fraud as credit markets boom: The Asian Banker - Fair Isaac Corp survey 15 November 2007 Germany's WestLB bank is the latest subprime victim; to make a loss in 2007 15 November 2007 ICRA to rate UCO Bank loans under RBI's new Basel II-compliant capital adequacy framework 15 November 2007 Worsening credit crisis pressures threaten Barclays, HSBC 12 November 2007 Bank of America, Citigroup and J P Morgan reach agreement on $75-billion SIV backup fund 12 November 2007 ICICI Bank fined Rs500,000 for rough recovery methods 06 November 2007 ICICI Bank reduces interest rates on term deposits 06 November 2007 Citibank boss quits as an additional $11 billion in sub-prime losses loom 05 November 2007 Banks asked to push up disbursals of subsidised interest loans for solar heater 03 November 2007 ING Vysya Bank to build $1 billion business under private banking 27 October 2007 RBS consortium claims 95 per cent of ABN AMRO stake 27 October 2007 Bank of America cuts 3,000 jobs 26 October 2007 Bank of America to exit broker-led mortgage business, may lend directly 26 October 2007 HDFC to raise Rs500 crore through bonds 25 October 2007 Kotak Mahindra Bank to launch credit cards by March 24 October 2007 Barclays market strategy to tap bottom of pyramid 22 October 2007 ABN AMRO raises Rs255 crore for investments in India, China 20 October 2007 Chairman of troubled British lender Northern Rock steps down 20 October 2007 ICICI Bank to set up shop in the Big Apple 20 October 2007 World''s local bank HSBC announces simultaneous launch of global local bank account in 35 countries 18 October 2007 Catholic Syrian Bank to expand branch and ATM network 18 October 2007 Bank of America to bring in Rs330 crore for India operation 17 October 2007 Bank of Baroda, Sundaram BNP in marketing partnership 17 October 2007 China''s CITIC bids for Bear Stearns stake 17 October 2007 ICICI Bank emerges top project financier in Asia Pacific 17 October 2007 ICICI Bank brings home delivery to the banking sector 16 October 2007 State Bank of India cuts retail lending rates; enters reverse mortgage segment 10 October 2007 After Citigroup, Bear Sterns, Morgan Stanley, now J PMorgan, Bank of America may write down bad loans 08 October 2007 Uco Bank, Kotak Mahindra Bank to hit market; Yes Bank raises Rs182 crore in debt 08 October 2007 Government asks banks to ease interest rates to spur demand 05 October 2007 NXP Semiconductors joins A Little World to introduce micro banks in villages 04 October 2007 Kohlberg Kravis Roberts'' banks selling $10 billion loan for First Data acquisition 27 September 2007 US Exim Bank may finance Nigerian airlines for aircraft purchases 25 September 2007 Deutsche Bank sees a $2.4 billion hit as IMF warns of further mortgage market turmoil 24 September 2007 HDFC cuts floating home loan rate by 0.5 per cent; ICICI launches floating retail loan 24 September 2007 Northern Rock draws 2.9 billion pound from Bank of England 22 September 2007 India Infrstructure Finance Corporation ties up with Japanese bank to raise $5 billion 21 September 2007 Wall Street soars as Fed cuts interest rate 19 September 2007 Walton Street Capital, Starwood Capital Group buy 66 per cent in township project on Hindustan Motors'' land 19 September 2007 What should we deduce from the sudden, dramatic cut in US interest rates? 19 September 2007 Four Chinese banks to set up aircraft leasing companies 18 September 2007 Four major US investment banks to come out with results 18 September 2007 Northern Rock stock tumbles as deposits disappear 18 September 2007 Investment banks could lose $30-billion: report 17 September 2007 US Federal Reserve likely to cut interest rates 17 September 2007 Bank of England steps in to bail out UK mortgage lender Northern Rock 14 September 2007 Countrywide secures $12 billion fresh funding 14 September 2007 India can become an MRO hub for the Asia-Pacific region 13 September 2007 Bombardier grounds 60 Q400 planes 13 September 2007 Babcock & Brown to launch aircraft leasing unit in US, will announce IPO 13 September 2007 GE Honda Aero Engines start tests on jet engine for Hondajet ALJ 13 September 2007 Tiger Airways restructures itself for aggressive regional expansion 13 September 2007 Aerovironment to make a VTOL version of the Wasp UAV 13 September 2007 Saab to make a maritime version of its Skeldar UAV 13 September 2007 Small British company makes a UAV flying saucer 13 September 2007 Too old to fly in the US? Welcome to India… 13 September 2007 International airline catering major to make India its major hub 13 September 2007 Dubai World Central to provide Islamic funding schemes through Amlak Finance 13 September 2007 Broader US mortgage market affected by sub prime woes: Standard & Poor''s 13 September 2007 Banks'' profit margins likely to fall: CRISIL 11 September 2007 Consolidate before a crisis sets in, S&P tells Indian banks 11 September 2007 Countrywide in search of another bail-out package, says report 11 September 2007 Kohlberg Kravis Roberts to renegotiate First Data financing deal with banks 11 September 2007 Blackstone to buy up to 40 per cent in China''s BlueStar chemical company 06 September 2007 Sluggish sales force banks to offer "festive discounts" on home loan rates 06 September 2007 Financial institutions can absorb blows from turbulent markets: S&P 05 September 2007 Doha Bank buys 49-per cent stake in Investnet to offer mutual funds in India 04 September 2007 Mutual funds woo distributors with holidays 03 September 2007 Bush to announce plan to help sub-prime mortgage-holders avoid defaults 31 August 2007 President Bush, Federal Reserve chief Ben Bernanke unveil plans to ease sub-prime pain 31 August 2007 Landesbank Baden-Württemberg acquires German victim of US subprime debacle SachsenLB 29 August 2007 Flow of agricultural credit by cooperative banks rising 25 August 2007 Government to table bill to regulate credit card payment system 25 August 2007 UBS buys 1.6 per cent in bank of Maharashtra for Rs 33.4 crore 24 August 2007 Countrywide gets $2 billion capital boost from Bank of America 23 August 2007 Stanchart acquires 49-per cent stake in UTI Securities 23 August 2007 Bank of India plans to revamp its credit card business 22 August 2007 JBIC and ICICI Bank sign loan agreement 22 August 2007 Buffett may acquire some Countrywide Financial businesses 21 August 2007 SBI plans a tie-up with post offices to expand rural reach 21 August 2007 HSBC to acquire Korea Exchange Bank from US private equity firm Lone Star 20 August 2007 KKR Financial to raise $500 million through debt, rights issues 20 August 2007 What is the impact of Fed rate cuts on markets? 20 August 2007 Fed cuts discount rate for banks 18 August 2007 FIPB clears ICICI''s sale of 24 per cent in insurance subsidiary to foreign investors 18 August 2007 SBI to sell Fidelity''s mutual fund products countrywide 18 August 2007 Bear Stearns cuts 240 jobs at two home-lending units 17 August 2007 Andhra Bank plans insurance joint venture, overseas expansion 16 August 2007 Malaysia allows banks to set up foreign currency business units 16 August 2007 Sub-prime defaults alone not to blame for global volatility 16 August 2007 We have all become lenders of last resort 16 August 2007 Ashok Leyland divests 40-per cent stake in Ashley Transport to Shriram Transport Finance 13 August 2007 Food processing ministry to facilitate quick bank loans 13 August 2007 Export Development Canada to finance Reliance gas project 10 August 2007 BNP Paribas freezes funds worth $2.2 billion on liquidity crunch 09 August 2007 RBI constitutes working group on interest rate 09 August 2007 UTI Asset Management and Shinsei Bank to set up asset management firm in Singapore 08 August 2007 EU clears Barclays 89.10 bn bid for ABN AMRO 07 August 2007 Fortis shareholders approve ABN Amro bid 07 August 2007 ICICI Bank to raise $1.5 billion overseas, launch SME resource centre 07 August 2007 JPM, BankAm, HSBC seen interested in acquiring Bear Stearns 07 August 2007 US home loan slump sinks American Home Mortgage 07 August 2007 Vector Capital closes $1.2-billion private equity fund 07 August 2007 Barclays launches formal bid to acquire ABN Amro 06 August 2007 GE Money buys major stake in Poland''s New BPH from Unicredito 06 August 2007 India, Pakistan agree to improve trade and banking ties 02 August 2007 Lloyds Bank to sell Abbey Life to Deutsche Bank for £977 million 01 August 2007 Vijaya Bank to exit life insurance venture: The Hindu Business Line 01 August 2007 ABN opts for neutrality between Barclays, Royal Bank of Scotland bids 30 July 2007 UTI Bank officially becomes Axis Bank 30 July 2007 Credit-deposit ratio of banks up at 75 per cent 25 July 2007 IDFC, IIFCL sign MoU on debt syndication for infrastructure projects 25 July 2007 RBI panel proposes bank-sponsored moneylenders 25 July 2007 UTI Bank raises $1.06 billion via GDR, preferential issue and private placement 23 July 2007 Ministry tells public banks to raise low cost funds 18 July 2007 Safety basics of online banking 17 July 2007 RBS consortium trumps Barclays'' bid for ABN Amro with $98 billion offer 16 July 2007 HDFC, Citi cancel tie-up for cross-sales 16 July 2007 Dena Bank plans non-life insurance JV 14 July 2007 Dutch supreme court approves ABN''s LaSalle sale 14 July 2007 Dubai to create Gulf''s largest bank in $11.3-billion deal 12 July 2007 Stable rating for Indian banks: Moody''s 12 July 2007 Carlyle to acquire Sequa Corp for $2.7 billion 10 July 2007 IMF opens top job to all as EU names Dominique Strauss-Kahn as new chief 10 July 2007 Standard Chartered banks on private banking 10 July 2007 ICICI Bank cuts floating home loan rates by 0.5 per cent 07 July 2007 Societe Generale seeks controlling stake in Russia ''s Rosbank 06 July 2007 JM Financial to acquire 60 per cent stake in ASK Securities 05 July 2007 Credit Suisse granted merchant banking license in India 04 July 2007 Nabard to set up subsidiary for micro-credit 04 July 2007 Finance ministry against Govt nominees in PSBs'' panel 30 June 2007 Pressure on borrowers to pre-pay part of home loans to avoid higher EMIs 30 June 2007 RBI plans statistics on housing development 30 June 2007 SBI to distribute Franklin Templeton funds 29 June 2007 RBI to transfer SBI''s 59.7-per cent stake to 29 June 2007 SBI to increase home loans installments; government to acquire stake 28 June 2007 Wealth management sector to see unprecedented growth: PwC 27 June 2007 Scales tilt in Barclays'' favour over fight for ABN Amro with RBS Group 27 June 2007 UTI Bank postpones plan to raise $600mn 26 June 2007 FIPB likely to review ICICI holding co-proposal 26 June 2007 SBI to raise Rs50,000 crore, set up holding company for non-bank business 26 June 2007 ICICI Bank to seek FIPB approval for investment holding subsidiary 25 June 2007 PE groups on the prowl for Indian IT & BPOs? 23 June 2007 GIC Housing mulling foray into reverse mortgage segment 21 June 2007 Soaring investor interest in micro finance drives need for new credit tools 20 June 2007 Going public with private equity 20 June 2007 Blackstone may delay planned $33 billion flotation 18 June 2007 Blackstone set to acquire HDFC-Barclays JV Intelenet for $200 million 18 June 2007 Update: Global Services stakes to Blackstone JV 18 June 2007 Government plans ordinance to take 15 June 2007 Yes Bank, Reuters tie up for online forex trading 15 June 2007 ICICI Bank new issue to open next week 14 June 2007 Government asks ICICI Bank to repay foreign loans 13 June 2007 Chidambaram opposes cap on micro-credit rates 11 June 2007 Bank of America launches credit card for the affluent 11 June 2007 Activist fund Atticus asks Barclays to 11 June 2007 RBI employees oppose outsourcing work 11 June 2007 SocGen weighs alliance with rival BNP, says report 08 June 2007 SBI to offer financial products through postal network 07 June 2007 BoB, Reliance Capital tie up to market mutual fund products 07 June 2007 Citi, three other foreign banks set for China debit card debut 07 June 2007 UTI Bank promoters plan Rs1,843 crore 06 June 2007 ICICI, BoB, among five banks planning to launch reverse mortgage scheme 05 June 2007 Banks asked to explain fund source for insurance JVs 04 June 2007 SNS banking group to buy AXA''s Dutch insurance business for €1.75 billion 04 June 2007 Infrastructure lending not sustainable: RBI warns banks 01 June 2007 StanChart to acquire 49 per cent in UTI securities for Rs140 crore 28 May 2007 Bill for RBI regulation of global payment systems await parliament nod 25 May 2007 Temasek, Singapore government allowed stake in in ICICI Bank 24 May 2007 CRR Hike: Myth or Reality? 24 May 2007 Government to change selection model for bank heads 23 May 2007 UBI to open 125 branches and 500 ATMs, meet Basel II norms by fiscal-end 22 May 2007 Banks tie up to offer fund transfer through ATMs 18 May 2007 Wolfowitz quits World Bank; US in search of successor 18 May 2007 HDFC Bank to raise Rs4,200 crore; plans preferential issue, ESOP 18 May 2007 ICICI Bank launches money transfer service in Russia 18 May 2007 Kotak Mahindra Bank to expand, enter credit card and insurance businesses 18 May 2007 Banks to issue monthly bank statements for free 16 May 2007 ICICI Bank comes under MRTPC lens 14 May 2007 RBI bans select transactions under liberalised remittance scheme 11 May 2007 Bank of England raises Bank Rate to a 6-year high of 5.5 per cent 10 May 2007 BNP to pay Rs197 crore for 49.9-per cent stake in Sundaram Home Finance 09 May 2007 Macquarie Group may renew offer for Qantas 08 May 2007 ABN Amro rejects $24.5 billion bid for LaSalle Bank 07 May 2007 City Union Bank attracts six investors 07 May 2007 ICICI Bank opens office in Qatar''s capital Doha 05 May 2007 Citigroup to acquire Bisys for $1.45 billion 02 May 2007 UTI Bank to change name to Axis Bank 30 April 2007 Real estate loans register highest repayment defaults 27 April 2007 Citigroup acquires majority stake in Nikko Cordial for $7.7 billion 27 April 2007 Citibank, HSBC face flak from MRTPC investigators 25 April 2007 ICICI Bank to set up branch in Qatar 25 April 2007 Royal Bank consortium offers rival offer for ABN Amro 25 April 2007 Barclays to hire over 50,000 in India 24 April 2007 Banks urge RBI to raise home loan limit 23 April 2007 Home loan growth rate slows down in public sector banks 23 April 2007 Barclays in £45-billion merger deal with ABN Amro 23 April 2007 Banks permitted to sell derivative products 21 April 2007 China Citic Bank IPO raises record $5.4 billion 21 April 2007 RBI proposes fee on cheque payments 21 April 2007 India, China rated as best investment destinations by top bankers 20 April 2007 FM asks banks to moderate credit growth, focus on minorities 19 April 2007 Government approves changes in law to prop up SBI subsidiaries 19 April 2007 Banks-funds group to take over Sallie Mae for $25 billion 16 April 2007 ABN bid battle could go hostile 16 April 2007 ICICI Bank fined for operating without license in Hong Kong 11 April 2007 SBI hikes prime lending rate by 50 bps to 12.75 per cent 10 April 2007 ABN Amro break-up ''not a problem'' 10 April 2007 Citigroup may cut over 17,000 jobs 10 April 2007 Punjab National Bank to reduce personal loan exposure 10 April 2007 SBI told to absorb unlisted arms 09 April 2007 China raises CRR for banks for sixth time in less than a year 05 April 2007 China wants to access Indian banking sector 05 April 2007 Basel II and Indian banks: Lost in implementation 03 April 2007 3 April 2007 03 April 2007 Citigroup plans more branches in India as job cuts loom 28 March 2007 Allianz plans to enter Indian retail banking 26 March 2007 CEO, board members in ABN AMRO share deal ahead of merger talks 21 March 2007 Barclays plans shifting its HQ to Amsterdam 21 March 2007 Barclays opens buy out talks with ABN AMRO 20 March 2007 Indian Bank expanding in Lanka as profit zooms 20 March 2007 Lok Sabha passes Banking Regulation Bill 17 March 2007 SBI authorised to offer foreign currency service to Chinese customers 17 March 2007 Citi makes final $14 billion offer for Nikko 16 March 2007 Fitch upgrades ratings for major Indian banks 16 March 2007 ICICI Bank eyes pension funds business 15 March 2007 UTI Bank to raise $754 million; set up branches in Hong Kong, Dubai 14 March 2007 Indian banks aiming for comprehensive risk management systems 13 March 2007 Indian banks to face data management issues under Basel II norms 13 March 2007 Thomas Weisel to set up $200 million PE fund for India 13 March 2007 ICICI Bank says retail credit growth slowing down 09 March 2007 Bill seeks to allow RBI fix SLR sans 25 per cent floor 09 March 2007 Australian bank sets up fund for investment in India 08 March 2007 Dubai merger creates UAE`s largest bank 08 March 2007 US VC to invest $200 million in India 08 March 2007 RB imposes limits on inter-bank liabilities 08 March 2007 SBI to hike car, personal loan rates by 0.75 per cent 08 March 2007 ICICI Holdings to unlock value and spur growth 07 March 2007 Canara Bank to raise $100 million via bonds in March 06 March 2007 Canara Bank, OBC and HSBC to set up life insurance company 05 March 2007 ICICI Bank to set up holding company 03 March 2007 Lloyds TSB to shut down Mumbai call centre 03 March 2007 Are bank mergers back on the agenda? 27 February 2007 Give more operational freedom for banks, competition commission tells RBI 26 February 2007 Canara Bank may acquire Dena Bank 24 February 2007 RBI to pay interest on banks' CRR 24 February 2007 Are corporates milking banks? 23 February 2007 RBI Specifies norms for doorstep banking 22 February 2007 SBI, Bharati Airtel in mobile money transaction tie-up 21 February 2007 BoI to acquire Indonesia's PT Bank ; set up life insurance JV with Dai-Ichi 19 February 2007 PNB launches new scheme for farmers 17 February 2007 Banks line up plans to raise over Rs7,500 crore in debt overseas 16 February 2007 SBI raises $700 million at lower rates with S&P support 16 February 2007 IOB, OBC, Indian Bank to get new chiefs 15 February 2007 Costs of deposits bound to rise : PNB 15 February 2007 UBI in talks with IDBI, Sharekhan for online broking 14 February 2007 TCS to build forex trading platform for Bank of China; sets up JV in Beijing 13 February 2007 ICICI hikes home loan rates; others may follow 07 February 2007 UTI Bank launches unique-shaped visa-enabled gift card 06 February 2007 Chidamabaram tells public sector banks not to raise home loan rates 06 February 2007 Infosys develops Islamic Banking Solution 05 February 2007 reasonableness of service charges 05 February 2007 ICICI Bank freezes many NRI accounts for want of fresh documents 03 February 2007 Provisioning hike to impact SBI, ICICI profitability in Q4 02 February 2007 China allows commercial banks to invest in lease finance companies 02 February 2007 Government to acquire SBI, Nabard, NHB from RBI 02 February 2007 Loan disbursals, deposit mobilisation high in FY`07: RBI 30 January 2007 New EDs for PSU banks 29 January 2007 StanChart sells Indian MF business to UBS for $120 million 27 January 2007 Citigroup buys ABN Amro''s mortgage business 23 January 2007 Ex-GTB chief, others charge-sheeted by CBI 20 January 2007 Government invites suggestions on increasing lending to minorities 18 January 2007 Government may legislate to regulate MFIs 18 January 2007 SLR ordinance may receive president''s approval by month-end 18 January 2007 Unethical practices in micro-financing must go: Montek 18 January 2007 India''s forex reserves down $666 million at $176.585 billion 15 January 2007 SLR floor change: Is the market jumping the gun? 12 January 2007 IDBI buys 10 per cent stake in BAG Film's radio unit 11 January 2007 Visa enables mobile phone payments 10 January 2007 Bank of Baroda, IIFC enter infrastructure financing deal 10 January 2007 Waive tax on infrastructure investments: banks to government 08 January 2007 PNB in cross border ATM sharing arrangement with Nepal''s Everest bank 04 January 2007 China''s largest bank to take over Indonesian bank 02 January 2007 Reports for : 2009 | 2006 - 1999  search domain-b    go
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