Banks general
RBI sets norms for local incorporation of foreign banks
07 Nov 2013
RBI has opened the route for foreign banks to expand through acquisition of private domestic lenders, subject to investment limits and a review of the functioning of foreign banks
World’s first bitcoin ATM opens in Vancouver
01 Nov 2013
The ATM swaps Canadian dollars for bitcoins, the virtual currency of the internet that was created in 2008
RBI hikes repo rate by 25 bps to 7.75 %, cuts overnight lending rate by 25 bps
29 Oct 2013
RBI said it has addressed the system’s excess liquidity requirement for meeting festival demand by doubling the amount of cash provided to banks under the 7-day and 14-day repo to 0.5 per cent of bank-wise NDTL
JP Morgan Chase in $5-bn settlement with US regulator
26 Oct 2013
In the biggest settlement ever by a US bank, JP Morgan will pay $4 billion in compensation and $1.1 billion in penalties.
Bank of America unit found liable for defective loans sale to Fannie Mae and Freddie Mac
25 Oct 2013
JPMorgan in tentative $13-bn settlement with US regulators
21 Oct 2013
Though the fine would settle all civil claims, JPMorgan could still face possible federal criminal charges
HSBC to end brokering, depository services in India
18 Oct 2013
The move is part of the bank’s global strategy to review and exit some businesses to cut costs
Switzerland lifts secrecy wall, to share bank account info with other countries
16 Oct 2013
Switzerland has revised its tax laws to allow bank account details to be shared with other countries, including India
Top global bankers warn of financial catastrophe if US defaults
14 Oct 2013
Some of the heads of leading banking giants have warned that a US debt default triggered by a prolonged shutdown would plunge the world into another recession
RBI allows banks to borrow from global lenders
11 Oct 2013
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