Banks general
Bank of New York Mellon to acquire PNC unit for $2.1 billion
02 Feb 2010
The acquisition will propell BNY Mellon to the second biggest provider of fund accounting, administration and transfer agency services to fund managers globally.
OCBC acquires ING’s Asian unit; launches Bank of Singapore
01 Feb 2010
Singapore’s second-largest lender Oversea-China Banking Corporation has acquired ING Asia Private Bank Limited and its subsidiaries for $1.5 billion
S&P downgrades UK’s banks; blames government
30 Jan 2010
The ratings agency warns that the high debts of the British government and consumers are likely to lead to banks accumulating losses.
Axis Bank in loan agreement with EXIM Korea
28 Jan 2010
NAB completes due diligence on Axa
23 Jan 2010
Goldman Sachs's Q4 net up record $4.95 billion
22 Jan 2010
For the full year, the bank had net profits of $13.39 billion, up from $2.32 billion in the previous year.
Government to penalise TDS transactions sans PAN
21 Jan 2010
Gang of ICICI Bank fraudsters busted in Delhi
18 Jan 2010
Europe says 'No' to US model bank tax
16 Jan 2010
ANZ in talks to buy IOOF Holdings: report
16 Jan 2010
Obama unveils bank tax to raise $90 billion in 10 years
16 Jan 2010
Obama’s “Financial Crisis Responsibility Fee” targets about 35 US companies and 10 to 15 US subsidiaries of foreign firms, which have more than $50 billion in assets
RBI may permit cash withdrawals from PoS terminals
15 Jan 2010
Customers will soon be able to use prepaid cards issued by banks to withdraw cash from credit
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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