Banks general

Bank of America to shed 30,000 jobs over next few years

Bank of America to shed 30,000 jobs over next few years

13 Sep 2011

Full implementation of Phase I of the cost-cutting strategy will result in savings of $5 billion a year, on a baseline of $27 billion in annual expenses, by 2014.

RBI panel sets Rs5 crore capital base for new multi-state urban co-op banks

RBI panel sets Rs5 crore capital base for new multi-state urban co-op banks

12 Sep 2011

The Y H Malegam committee has suggested separation of ownership and management of new urban co-operative banks and bringing them under the strict supervision of the RBI.

Moody's to downgrade French banks: sources

12 Sep 2011

IOB to extend repayment periods on retail, MSME loans

10 Sep 2011

Lenders rush in with dual-rate home loans as rates peak in India

10 Sep 2011

RBI lets dealer banks approve change of lender in external commercial borrowings

09 Sep 2011

ICICI Bank to hire 6,000 mostly for entry level positions this fiscal

09 Sep 2011

Bank of Nova Scotia to buy 19.99-% stake in Bank of Guangzhou for $735 mn

09 Sep 2011

RBI may lower banks' reserve requirements, bring back inflation-linked bonds

07 Sep 2011

RBI may lower banks' reserve requirements, bring back inflation-linked bonds

07 Sep 2011

Lloyds most complained about among financial brands in UK

07 Sep 2011

Banks barred from recovering pre-payment charges on floating rate loans

06 Sep 2011

Parliament passes SBI subsidiary banks bill

05 Sep 2011

US mounts pressure on Switzerland to divulge names of tax evaders

05 Sep 2011

China’s ICBC among three banks to get RBI nod to start Indian operations

05 Sep 2011

Why is the Reserve Bank spinning yarns about growth?

Why is the Reserve Bank spinning yarns about growth?

05 Sep 2011

The Indian economy is slowing down rapidly, which will continue and probably deepen in the next six months. The most extraordinary feature of this economic scene is the absolute refusal of the government to acknowledge that the Indian economy’s dream growth has ended, writes Prem Shankar Jha.

US regulator set to sue big banks over sub-prime mortgage losses

03 Sep 2011

Bank of America job cuts to rise to 30,000 over the next several years

Bank of America job cuts to rise to 30,000 over the next several years

03 Sep 2011

Bank of America Corp is finalisng plans to cut around 10 per cent of its workforce or approximately around 25,000 to 30,000 jobs over the next several years.

FDIC concerned about BofA's $8.5-bn on mortgage settlement with investors

02 Sep 2011

British business, banking lobbies hit out at possible ring fencing of retail, investment arms

31 Aug 2011

BankAm halves its stake in China’s CCB, nets $8.3 bn

30 Aug 2011

Greece's Alpha Bank and Eurobank merger awaits final nod

29 Aug 2011

RBI bars realty, broking firms from setting up banks

RBI bars realty, broking firms from setting up banks

29 Aug 2011

All private entities owned by residents, except realty and broking firms, can apply for new bank licences provided they follow a holding company model and get themselves registered with the RBI as a non-banking finance company.

Current, savings accounts losing charm for depositors

29 Aug 2011

ABN AMRO to cut 2,350 jobs

26 Aug 2011

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