Banks general
ATM heist in Bangalore puts Canara Bank’s security under cloud
10 Jun 2013
In what could be the most audacious ATM heist that India has seen, thieves actually busted open a cash dispenser on a busy street of Bangalore Saturday evening, and made away with as much as Rs19.86 lakh in cash
Switzerland to loosen bank secrecy laws under US pressure
30 May 2013
Under sustained US pressure, the Swiss government will allow its banks to reveal some customer information to US authorities, an important step in settling tax disputes between the nations
RBI to ease forex hedging norms for ex-im trade
24 May 2013
Ousted from Citi, Vikram Pandit returns to Indian roots
17 May 2013
Former Citigroup chief executive Vikram Pandit will spearhead the proposed banking venture of Nimesh Kampani’s JM Financial, while also making a strategic investment in the financial services group
HSBC plans to cut 14,000 jobs to save up to $3 bn by 2016
16 May 2013
Since 2011, HSBC has closed or sold 52 non-strategic or underperforming businesses and achieved $4 billion in cost savings and generated double-digit loan growth in 15 priority markets