Bank general
IMF creates $200-billion emergency fund to ease credit crunch
10 October 2008
Citigroup abandons fight for Wachovia; will press lawsuit against Wells Fargo
10 October 2008
Banking sector market value plunges almost $3 trillion: Boston Consulting
10 October 2008
RBI cuts CRR by another 100 bps to 7.5 per cent
10 October 2008
Britain unveils $906-billion bailout plan for banks
10 October 2008
UK launches 50 billion pound rescue plan for banks
08 October 2008
Rupee at a 6-year low of 48.75 a dollar
08 October 2008
Fed cuts rate by 50 bps to 1.5 per cent; other central banks follow lead
08 October 2008
Iceland headed for bankruptcy; PM seeks $5.44-billion Russian loan
08 October 2008
Financial crisis spreads across boundaries
07 October 2008
Commonwealth Bank offers to buy HBOS arm West Bank for $1.44 billion
07 October 2008
Scotiabank buys Sun Life's mutual fund stake for C$2.3 billion
07 October 2008
Indian American Neel Kashkari to oversee US bailout plan
07 October 2008
Bank of America agrees to $8.6 billion deal on Countrywide loans
06 October 2008
RBI cuts CRR by 50 bps to 8.5 per cent to boost liquidity
06 October 2008
Germany's Hypo Real gets $68 billion lifeline
06 October 2008
MCX Stock Exchange to launch currency futures trading on 7 October
06 October 2008
Rupee hits a 5-1/2-year low at 47.71/72 a dollar
06 October 2008
Fed intervenes as Wachovia gets Citi’s stay overruled
06 October 2008
Netherlands government acquires Fortis' Dutch unit for €16.8 billion
04 October 2008
ADB extends $150 million loan for khadi industry
04 October 2008
Citi fumes as Wells Fargo steals Wachovia
04 October 2008
Paulson Plan II: Will it work?
04 October 2008
Wells Fargo edges Citi to grab Wachovia for $15.1 billion
03 October 2008
Libor surges to an all-time high
02 October 2008
Rupee hits a 5-year low of 47.22 against the dollar
01 October 2008
UBS to axe 1,900 jobs
01 October 2008
Dutch government launches investigation into Fortis
01 October 2008
After Fortis, Benelux and France bail out Dexia with €6.4-billion cash infusion
01 October 2008
India's forex kitty may take a $39 billion hit in FY'09: Goldman Sachs
01 October 2008
Regulators assessing need to relax curbs on currency derivatives: SEBI chief
01 October 2008
White House, lawmakers plan new bailout deal
30 September 2008
RBI allays fears over ICICI Bank's finances
30 September 2008
Indian banks ask RBI to ease CRR, SLR curbs as liquidity tightens
30 September 2008
The Paulson Plan crashes
30 September 2008
Central bankers pump $630 billion in global financial system
30 September 2008
Citi to acquire Wachovia assets in a US government-backed rescue
29 September 2008
Benelux governments inject €11.2 billion to save Fortis
29 September 2008
Rupee hits a 5-year low at 47.10 a dollar
29 September 2008
Risks of a blanket bailout
29 September 2008
Third British bank set to fall as B&B is nationalised
29 September 2008
Fortis to sell assets worth $14.6 billion as shares plunge: changes CEO
27 September 2008
US bailout package may cover 5 UK banks also
26 September 2008
Federal Reserve seizes WaMu; auctions it to JPMorgan for $1.9 billion
26 September 2008
Washington Mutual’s stock plummets on ratings downgrade
25 September 2008
Bernanke implores Congressional support as $700-billion package faces opposition
25 September 2008
Bush's $700 billion bailout plan for banks faces Congress heat
24 September 2008
CBI busts fake RBI cheques scam
24 September 2008
RBI announces norms for exchangeable foreign currency bond issue
24 September 2008
Banks employees on 2-day nationwide strike from 24 September
23 September 2008
Washington Mutual shares seesaw on conflicting news; Citigroup mentioned as possible acquirer
23 September 2008
G7 pledges support sans cash to Paulson plan
23 September 2008
UAE establishes $13.6-billion fund to tide over crisis
23 September 2008
Morgan Stanley, Goldman Sachs seek deposits in their transformation into banks
23 September 2008
Mitsubishi UFJ to acquire 20 per cent in Morgan Stanley for $8.4 billion
22 September 2008
China moves in to avert market downfall
22 September 2008
Government further liberalises norms for overseas bond issue
22 September 2008
Goldman Sachs, Morgan Stanley surrender investment bank status
22 September 2008
Paulson for immediate approval of $700-billion package
22 September 2008
HSBC dumps Korea Exchange Bank acquisition plan
20 September 2008
Bush administration announces $500-billion bailout package
20 September 2008
SBI hopes to recover most of its $5 billion Lehman exposure: O P Bhatt
20 September 2008
Lloyds takes over HBOS in $21.7 billion deal with British PM Brown’s support
19 September 2008
RBI asks banks to unwind Lehman exposure
19 September 2008
Acquisition by Chinese banks creating opportunities for foreign banks: The Boston Consulting Group
19 September 2008
US financial woes: McCain points blame to Wall Street, Obama to McCain
18 September 2008
Asian Banks to face indirect impact of US fnancial turmoil: S&P
18 September 2008
Lehman collapse won't hurt public sector banks: Chidambaram
18 September 2008
Global central banks intervene to prop financial markets
18 September 2008
Rupee rises from Tuesday's pits; trades at 46.28 per dollar
17 September 2008
Lehman’s fall to cost ICICI Bank approximately $80 million
17 September 2008
ADB warns central banks against loosening policy grip
16 September 2008
State Bank of Indore, State Bank of Patiala to merge with SBI
16 September 2008
RBI wants government to end tax sops for special deposit schemes
15 September 2008
China cuts lending rates, reserve ratio for banks as global financial markets sink
15 September 2008
Rupee hits a 2-year low of 46 against the US dollar
15 September 2008
RBI marks up interest on floating rate bonds 2013 to 9.77 per cent
15 September 2008
RBI asks banks to detail services charges, interest rates on websites
13 September 2008
China easing telecom, financial sector investment norms for foreigners
13 September 2008
Bank recovery agents to undergo training
13 September 2008
Deutsche Bank to acquire stake in Postbank for $9.7 billion
11 September 2008
Bank of America agrees to buy back $4.8 billion in auction rate securities
11 September 2008
Supreme Court refuses stay against credit card interest at 30 per cent
09 September 2008
Home foreclosures at record high in the US
06 September 2008
Dr Subbarao's first challenge
04 September 2008
SEBI to launch exchange traded interest rate futures soon: Bhave
02 September 2008
Canara bank to open over 100 new branches in 2008-09
01 September 2008
Germany’s No.2 bank Commerzbank acquires No.3 Dresdner for $14.4 billion
01 September 2008
Credit card spending zooms in 2007-08: RBI
01 September 2008
RBI cautions against US subprime-like crisis
30 August 2008
Rupee hammered on Day 1 of futures trading on NSE
29 August 2008
ICICI's Kalpana Morparia to head JP Morgan Chase and Co. in India
29 August 2008
Reserve Bank to replace old currency series from 1996 and 2000
28 August 2008
Major French banks reveal sub-prime mortgage cuts
28 August 2008
NSE to start trading in currency futures from 29 August
28 August 2008
Citigroup penalised for fraudulent credit card practice
28 August 2008
ICBC of China becomes the most profitable bank on loans
21 August 2008
Lone Star acquires IKB Deutsche Industriebank AG, first German casualty of sub-prime mortgage crisis
21 August 2008
IndusInd Bank, Grameen Capital, SKS Microfinance in agri microfinance deal
21 August 2008
Liberal norms for foreign banks, equity investors on anvil
20 August 2008
Marketing a good cause: SBI to offer loans for cardiac treatments
20 August 2008
Bank employees to strike work on 20 August
19 August 2008
ICICI Bank sells $275 million of credit derivatives abroad; signs MoU with US Exim
19 August 2008
Biggest US bank failure yet to come, says former IMF economist
19 August 2008
Strike by officers hits clearing operations at SBI group
18 August 2008
Is the era of big global banks over?
18 August 2008
Rupee falls to a 17-month low below 43.50 a dollar
18 August 2008
Australia’s No 2 bank Commonwealth may buy BankWest for $5.2 billion
18 August 2008
Credit grows faster at 25.8 per cent despite RBI's liquidity squeeze
16 August 2008
RBI a net seller of foreign exchange in June
16 August 2008
Finance ministry clears SBI-SBS merger; bank employees plan protest
14 August 2008
Time to clean up: delinquencies rise on unsecured credit advances
13 August 2008
Japan’s largest bank offers $3 billion for remaining stake of its US unit
12 August 2008
UBS posts $329 million Q2 loss; goes in for major restructuring
12 August 2008
SBI hikes prime lending rate to 13.75 per cent
11 August 2008
RBI rejects SBI-Societe Generale joint venture proposal
11 August 2008
RBS to sell $8 billion of discounted loans to PE firms
11 August 2008
UBS follows Citigroup to settle auction securities fraud
08 August 2008
RBS takes $1.35 billion H1 loss after $8.9 billion write-down
08 August 2008
Citigroup to settle with authorities on securities fraud
08 August 2008
Bernanke prefers caution over optimism
08 August 2008
European Central Bank, Bank of England hold interest rates as inflation rises
07 August 2008
US authorities bust international hackers' ring that stole 41 million card details
06 August 2008
Yes Bank to finance Windlab Systems to drive wind power into India
05 August 2008
Citigroup becomes the latest Wall Street entity to be charged with securities fraud
02 August 2008
Banks hike lending rates from today
01 August 2008
Bankers see PLR hikes; India Inc voices mixed reaction
30 July 2008
Don’t blame the RBI
30 July 2008
ICICI Bank launches virtual "b2-Branch-free Banking" initiative
29 July 2008
RBI hikes repo rate by 50 bps, CRR by 25 bps
29 July 2008
New York attorney general charges UBS with securities fraud
26 July 2008
RBI finalising mobile banking guidelines
25 July 2008
RBI cracks the whip on credit card issuers
25 July 2008
Cabinet clears merger of State Bank of Saurashtra with SBI
24 July 2008
Online banking unsafe, finds University of Michigan study
24 July 2008
RBS fails to sell of Australian assets; faces multi-million pound lawsuit by hedge fund
24 July 2008
Tata Capital, Mizuho Corporate Bank in strategic alliance
22 July 2008
Banks told to compensate for delay in clearing outstation cheques
21 July 2008
Citigroup $2.5-billion quarterly loss lower than expected; shares rise
19 July 2008
UBS exits offshore business in US
18 July 2008
Lehman buys 50 per cent in Unitech's Mumbai project for Rs740 crore
17 July 2008
Bahrain-based bank launches investment company in Navi Mumbai
17 July 2008
Tight money not hurting investments, says ICICI's Kamath
14 July 2008
Spain’s Banco Santander buys UK mortgage lender Alliance & Leicester for $2.6 billion
14 July 2008
Another US bank fails: Regulators seize IndyMac Bancorp assets
12 July 2008
Citi may sell stake in HDFC
12 July 2008
GE sells Japanese consumer lending business for $5.4 billion to Shinsei Bank
12 July 2008
Citigroup sells German unit to France's Credit Mutuel for $7.8 billion
11 July 2008
Spare banks of further rate hikes: IBA tells RBI
10 July 2008
US Treasury undersecretary Steel is new Wachovia CEO
10 July 2008
Canara Bank gets China regulatory nod for Shangai branch
09 July 2008
UCO Bank to raise Rs825 crore, targets profit growth of 82 per cent this yearr
09 July 2008
RBI advocates SHG model for lending to SMEs
09 July 2008
SBI raises floating rate on home loans by 0.5 per cent
05 July 2008
Goldman Sachs predicts dire future for European banks, predicts need for more capital
05 July 2008
French regulator fines Société Générale $6.3 million for lax internal controls
05 July 2008
US wins court order for UBS bank records; steps up probe
04 July 2008
RBI tightens reporting norms for UCBs to check money laundering
03 July 2008
European Central Bank raises key rate by 25 basis points to 4.25 per cent
03 July 2008
Fortune 500 lender CIT Group sells off units for $1.8 billion to exit home lending
02 July 2008
RBI, BoJ sign currency swap agreement
01 July 2008
HDFC, ICICI Bank hike lending, deposit rates
30 June 2008
SBI, UBI hike home and auto loan rates; others to follow
30 June 2008
NHB to set up mortgage guarantee corporation, raise Rs11,000 crore from public
28 June 2008
Citigroup to sell BPO, tech arms in India; may write down $9 billion in Q2
27 June 2008
Bank of America-Countrywide merger to cost 7,500 jobs
27 June 2008
Belgian-Dutch Fortis becomes the latest bank to seek fresh capital
26 June 2008
SBI hikes prime lending rate by 50 basis points to 12.75 per cent
26 June 2008
Mortgage lender Countrywide finds itself the target of Illinois and California lawsuits
26 June 2008
Barclays to raise $8.9 billion to boost capital and lend overseas
25 June 2008
Banks expect lending rates to go up by 1 percentage point
25 June 2008
MasterCard agrees to pay American Express $1.8 billion in antitrust settlement
25 June 2008
RBI hikes repo rate to 8.5 per cent; CRR to go up to 8.75 per cent in 2 stages
24 June 2008
Lone Star chief cleared of stock manipulation, may accelerate HSBC purchase of KEB
24 June 2008
SocGen launching NBFC to expand business in India
24 June 2008
Lloyds TSB in talks with Allianz to buy Dresdner Bank
23 June 2008
Japanese bank Sumitomo set to invest 100 billion yen ($930 million) in Barclays
23 June 2008
RBI freezes credit derivatives plan to limit unchecked credit expansion
20 June 2008
Goldman Sachs says worst yet to come for banks, but sees turnaround in 2009
18 June 2008
SocGen private banking arm buys 37 per cent in Rockefeller Financial Services
17 June 2008
Barclays confirms possible sale of new equity, stock jumps in London trading
16 June 2008
Deutsche Bank to set up Middle-East's largest R&D facility
16 June 2008
Southeast Asian currencies depreciate against a sliding dollar
14 June 2008
State Bank, HDFC to raise lending rates
12 June 2008
RBI hikes repo rate by 25 bps to 8 per cent
11 June 2008
Punjab National Bank, IL&FS sign MoU for industrial infrastructure projects
11 June 2008
Bernanke signals end of rate cuts, talks tough on inflation causing dollar surge
10 June 2008
NREGA brings new growth prospects for rural banks
10 June 2008
Private banks grabbing market share from public sector banks, says Moody's
09 June 2008
Citigroup shuts down consumer finance operations in Japan
06 June 2008
Anti-money laundering act amended to widen scope
06 June 2008
Asian banks can witstand economic downturn: Fitch
06 June 2008
Bank of America’s $4-billion acquisition of mortgage lender Countrywide cleared
06 June 2008
Northern Rock in mortgage swap deal with Lloyds
05 June 2008
US fourth-largest bank Wachovia fires CEO as losses mount; may be takeover target
03 June 2008
SBI leads public sector banks in farm loan waiver
03 June 2008
GE Commercial Finance and Spain’s Banco Santander to swap $1.6 billion of assets
03 June 2008
RBI allows trade in oil bonds up to Rs 1,000 crore per day limit
31 May 2008
HDFC to add 300 ATMs in India, places order with NCR
28 May 2008
Bank of America to exercise portion of China Construction Bank option
28 May 2008
Italy plans to raise $2 billion in 3-year global bonds
27 May 2008
US banks unlikely to fund an MTN merger
27 May 2008
St George Bank board approves Westpac's $19 billion takeover offer
27 May 2008
HSBC pushes for $6.3-billion Korean deal with warning to pull out
27 May 2008
Spain’s Criteria buys 20 per cent stake of Carlos Slim Helu’s bank for $2.4 billion
26 May 2008
SBI hikes interest rates on domestic term deposits
26 May 2008
Doha Bank to set up financial services company in India
26 May 2008
RBI to issue norms for foreign currency exchangeable bonds soon
26 May 2008
SBI employees to go on strike on 6th June, Friday
24 May 2008
RBI asks banks to mark down valuation of special bonds
23 May 2008
Government raises debt relief package to Rs71,680 crore, to cover more farmers
23 May 2008
Venezuela forms development bank with Iran, taps Japanese funds
21 May 2008
SBI rescinds suspension of agri implements loans
21 May 2008
Market-based forex rates can't be used to fight inflation: RBI governor
20 May 2008
Citigroup facing trial in $2 billion Parmalat fraud case
20 May 2008
Royal Bank of Scotland announces four key appointments to strengthen India operations
19 May 2008
SBI puts loans for agri mechanisation on hold
19 May 2008
Morgan Stanley cut 1,500 jobs this week, Layman to follow
17 May 2008
HSBC to acquire 73.21 per cent stake in brokerage IL&FS for Rs1000 crore
17 May 2008
IFC invests $45 million in Standard Chartered Bank initiative for micro-finance sector in Asia and Africa
16 May 2008
SBI to hold majority stake in non-life insurance operations with Australia's IAG
14 May 2008
India to be the 8th largest wealth centre by 2017, says Barclays report
13 May 2008
Australia's Westpac Bank in take-over talks with St George
12 May 2008
Wachovia strips CEO Thompson of chairman's role; appoints Lanty Smith instead
12 May 2008
US bank Sovereign looking to raise $1.5 billion; may lose management control to Santander
10 May 2008
Citigroup to sell off $400 billion of assets over next three years: CEO Vikram Pandit
09 May 2008
US House passes $300 billion housing rescue bill
09 May 2008
Canara HSBC Orienal Bank life insurance JV gets regulatory nod
08 May 2008
HSBC loses data of 159,000 account holders as server goes missing
08 May 2008
Idea Cellular, Tata Communications, Etisalat UAE team up with HSBC India to launch global money transfers
07 May 2008
Target sells 47 per cent in credit card receivables to JPMorgan for $3.6 billion
06 May 2008
Financial innovation, greater transparency can support Asian growth: S&P
06 May 2008
SBI raises FCNR, NRE deposit rates
05 May 2008
ASEAN + 3 to launch $80 billion Asian Monetary Fund
05 May 2008
Basel II positive for debt market development: CRISIL
05 May 2008
SBI to restructure credit card business
03 May 2008
Citi, State Street Sell Joint Venture CitiStreet for $900 million
03 May 2008
UK's Brown bats for free flow of capital
02 May 2008
The continuing travails of Ben Bernanke
01 May 2008
Citigroup stake sale fetches $4.5 billion; exceeds target by 50 per cent
01 May 2008
Mobile banking set to grow
01 May 2008
Wracked by sub-prime crisis, Deutsche Bank posts first quarterly loss in five years
30 April 2008
Citigroup to raise $3 billion in capital through fresh stock sale
30 April 2008
Monetary Policy 2008-09: Between a rock and a hard place
30 April 2008
HSBC gets more time to acquire Lone Star stake in Korea Exchange Bank
29 April 2008
Government announces new schemes for micro, small and medium industries
29 April 2008
RBI sets up working group for launching currency futures
29 April 2008
Defaults in US to accelerate through 2008: S&P
29 April 2008
Deutsche Bank's investment arm RREEF starts India operations, to invest $1 billion
29 April 2008
RBI unlikely to curb liquidity further
28 April 2008
Wachovia to pay $144 million to settle telemarketing fraud allegations
26 April 2008
SBI makes $10 million provision for possible sub prime losses
23 April 2008
Citigroup CEO Vikram Pandit joins other chief executives in saying the end of sub-prime crisis closer than the beginning
23 April 2008
Credit Suisse joins Merrill Lynch and Citigroup in cutting jobs
23 April 2008
Q1 2008 roars like a bear, as downgrades outpace upgrades
23 April 2008
Bank of America’s quarterly profit drops 77 per cent but it still stays in the black
22 April 2008
RBI may toughen monetary stance, says Chidambaram
22 April 2008
Bank of England offers $100 billion debt-swap to ease banks' liquidity
21 April 2008
Bank of England mulls £50-billion bailout for British banks hit by credit crisis
19 April 2008
After Merrill Lynch losses and job cuts, Citi loses $5.11 billion in Q1; to cut 9,000 jobs
18 April 2008
Australia's ANZ to shift 5 per cent jobs from New Zealand to India as business transformation strategy
18 April 2008
RBI raises CRR by 50 basis points to 8 per cent
17 April 2008
Indian financial markets not vulnerable to global developments: Y V Reddy
16 April 2008
Wachovia reports $393 million Q1 loss; plans $7 billion capital infusion
14 April 2008
TVS Group gets its first equity partner; lifts Rs100 crore funds from Goldman Sachs
12 April 2008
G-8 weighs measures to stem market turmoil, reverse US slowdown
11 April 2008
Lehman liquidates three funds after taking a $1 billion hit
10 April 2008
ICICI Bank in tie-up talks with Russia's MBRD for mortgage lending
10 April 2008
IMF predicts close to $1 trillion losses due to US sub-prime mortgage crisis
09 April 2008
Rajan panel suggests more freedom for financial sector
07 April 2008
Goldman Sachs group abandons deal to acquire Myers
05 April 2008
Malaysia's Maybank eyes stake in Pakistan MCB Bank
05 April 2008
Standard & Poor's downgrades Tata Motors credit rating
04 April 2008
Bank of America patents innovative technology for corporate cards
04 April 2008
Loan defaults highest in 15 years, says US bankers’ body
04 April 2008
Citibank aims targeted offering at expatriates
03 April 2008
Sub-prime mortgage crisis: end in sight?
03 April 2008
Credits poised for downgrades reach new record: S&P
02 April 2008
UBS announces fresh $19 billion loss; Deutsche Bank loses additional $3.9 billion
01 April 2008
RBI revises risk management norms to banks
28 March 2008
Citigroup agrees to settle Enron claims for $1.6 billion
26 March 2008
SBI gets nod to start retail operations in Singapore
26 March 2008
Singapore's DBS gets RBI permission to expand in India
25 March 2008
Citibank's sub-prime losses beat combined losses of Indian banking sector
25 March 2008
JPMorgan may raise Bear Stearns bid to $10 a share: report
24 March 2008
Citigroup to retrench 2,000 investment bankers and traders
20 March 2008
Political wrangling leaves Bank of Japan headless
20 March 2008
Fed moves hint of moral hazard
20 March 2008
Major shareholders oppose Bear Stearns takeover by JPMorgan Chase
20 March 2008
BNP Paribas abandons bid for Societe Generale
19 March 2008
Fed cuts short-term interest rate by 75 basis points to 2.25 per cent
19 March 2008
After UCO Bank, Allahabad Bank cuts home loan rates
18 March 2008
SBI, Citigroup, JPMorgan to provide $3 billion for Tata Motors' Jaguar-Land Rover acquisition
18 March 2008
Fed cuts key lending rate to 3.25 per cent
17 March 2008
DBS awaits RBI approval for expanding India operations
17 March 2008
CII organizes Latin American and Caribbean investment seminar
15 March 2008