Banks general
Qatar National Bank acquires Turkey’s Finansbank for $3 bn
23 Dec 2015
One of the largest banks in the Middle East and Africa, Qatar National Bank is buying Turkey's Finansbank SA, a subsidiary of Greek lender National Bank of Greece SA, for approximately $3 billion, in a bid to expand its footprint in the region
RBI announces new norms for banks to set lending rates
18 Dec 2015
Under the new rules, banks must set their lending rates every month on the basis of their marginal cost of funds, which will be based on the rate offered on new deposits
SC slams RBI, banks for covering up malpractices
17 Dec 2015
The Supreme Court said the Reserve Bank of India cannot withhold information on defaulters and other issues covered under the RTI Act under the guise of fiduciary relationship
Banks, insurance firms woo venerable India Post
08 Dec 2015
RBI may allow market-linked pricing of loans
07 Dec 2015
The move to allow computation of banks' base rates on the basis of marginal cost of funds is expected to benefit new customers in the next financial year
Five major UK banks pass BoE stress tests
02 Dec 2015
Five major UK banks pass BoE stress tests
02 Dec 2015
RBI keeps rates unchanged; says banks have enough leeway now
01 Dec 2015
In order to smoothen the path for banks to cut lending rates, RBI said, it will shortly finalise the methodology for determining the base rate based on the marginal cost of funds, which all banks will move to
HSBC whistleblower Falciani sentenced to 5 years’ jail
28 Nov 2015
Falciani, who leaked details of bank account holders in the Geneva branch of HSBC, which subsequently also reached India, has been charged with industrial espionage
HSBC to wind up private banking unit in India
27 Nov 2015
The rising number of millionaires in the country simply did not translate into profits for HSBC as its high-paid wealth managers failed to cash in by managing those riches
ATM cash heist foiled, van driver nabbed
27 Nov 2015
Lloyds Bank to axe 1,000 jobs to cut costs
27 Nov 2015
Last year, the bank said it would close up to 150 branches and cut around 9,000 jobs, as part of a three-year strategy to make the business simpler and more efficient
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