Banks general

HSBC set to acquire RBS’s Indian operations: report

09 Dec 2009

According to an RBS official in India, both the banks have already signed the deal and the actual acquisition depends on regulatory approvals.

Government not forcing banks to merge: Pranab

08 Dec 2009

Past RBI chiefs broadly agree on current policy directions

08 Dec 2009

At a round-table conference of former and current monetary policy-makers past RBI governors Bimal Jalan, Y V Reddy, C Rangarajan and the current chief are in broad agreement on the current macro economic situation

ICICI Bank gets Singapore nod for full-fledged branches

07 Dec 2009

ANZ acquires RBS’ Vietnam business

07 Dec 2009

British savers lose confidence in banks, hoard money under the mattress

07 Dec 2009

A large number of British savers have lost confidence in the banking system and are hoarding cash at home under the mattress over the past two years

RBI chief Subbarao urges steps to spread financial literacy

05 Dec 2009

Stressing the need for financial literacy, Reserve Bank of India governor D Subbarao on Friday sought inclusion of financial courses in the school and college curricula to improve financial literacy in the country.

Bank of America raises $19 billion through equity sale

04 Dec 2009

UK pumped £ 850 billion into British banks, losses to remain unknown for years

04 Dec 2009

4 Dubai banks, 6 Dubai World arms hit by S&P dowgrades

03 Dec 2009

Bank of America to retire $45 billion bailout debt in days

03 Dec 2009

The move could free the top US lender from pay curbs even as it is set to hire a new chief, but may make it more vulnerable to economic shocks

ING sets terms for its $11.2 billion 6 for 7 rights issue

27 Nov 2009

Chinese bank loans reach 27 per cent of 2009 GDP

27 Nov 2009

With a majority of these loans being used to prop up the stock and property markets, the prices in these sectors have skyrocketed, creating yet another bubble

Bank stocks tumble as Dubai seeks moratorium on debt

27 Nov 2009

Fall of Dubai World could wipe out $40 billion worth of investments that foreign, mainly European banks have made in the rise of Dubai

Bank stocks tumble as Dubai seeks moratorium on debt

27 Nov 2009

Fall of Dubai World could wipe out $40 billion worth of investments that foreign, mainly European banks have made in the rise of Dubai

RBI not keen on bank consolidation for the present

26 Nov 2009

Indian banks need to improve operational efficiency: RBI governor

25 Nov 2009

RBI issues fresh directions on electronic transactions via intermediaries

24 Nov 2009

Citigroup to sell Diners Club North America to BMO Financial (BMO)

24 Nov 2009

Lloyds rights issue, UK’s biggest, at 60 per cent discount

24 Nov 2009

Banks take the bond route to raise funds for meeting credit demand

23 Nov 2009

Credit outlook for Indian banks negative: Moody's

23 Nov 2009

Moody’s main concern about the Indian banking system is the deterioration in asset quality and volume of restructured loans

Tainted Galleon gets rid of stake in Edelweiss Capital

21 Nov 2009

I-T department seizes documents, materials from bank lockers in various states

21 Nov 2009

Ohio sues S&P, Moody’s, Fitch for misleading ratings

21 Nov 2009

The Attorney General of the US state of Ohio, Richard Cordray has taken leading credit rating agencies to court yesterday as their false and misleading credit ratings on mortgage-backed securities cost the state $457 million.