Banks general
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
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
Parliament passes SBI subsidiary banks bill
05 Sep 2011
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.
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.
British business, banking lobbies hit out at possible ring fencing of retail, investment arms
31 Aug 2011
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.
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