Banks general
SBI slashes lending, deposit rates
20 Dec 2008
Bank of America hits the wall in China
20 Dec 2008
HSBC discloses $1billion exposure to Madoff fraud
16 Dec 2008
HSBC yesterday said it had an exposure of around $1billion in US financier Bernard Madoff.'s investment fraud
Bloomberg sues against Fed's non-disclosure of lending details
15 Dec 2008
Bloomberg News has filed a case against the US Fed under the ‘US Freedom of Information Act’ to force it to disclose the names of recipients of loans from the over $2 trillion emergency bailout funds.
Bank of America to slash up to 35,000 jobs over next three years
12 Dec 2008
Bank of America will cut 30,000 to 35,000 jobs in the next three years as it absorbs the acquisition of Merrill Lynch in a faltering economy
Standard Chartered launches Platinum Debit Card
11 Dec 2008
RBI boosts liquidity; relief for real estate, export, small sectors
06 Dec 2008
In its economic stimulus package, RBI today announced a 1 basis point reduction in the repo and reverse repo and easesier lending to small industries, exporters, the real estate business.
RBI Governor not in favour of large rate cut
06 Dec 2008
RBI conserving its forex reserves
03 Dec 2008
SBI hiring over 4,200 staff for associate banks
02 Dec 2008
At a time when banks across the globe are cutting staff and closing branches amidst a financial market meltdown, State Bank of India plans to hire over 4,200 employees
Citi's Pandit banks on Alwaleed backing
26 Nov 2008
Citigroup to slash 50,000 jobs worldwide
17 Nov 2008
US banking major Citigroup today announced plans to cut up to 50,000 jobs worldwide – five times the number reported earlier.
Citigroup may slash 10,000 jobs; directors deny move to replace chairman
14 Nov 2008
Citigroup, which was reportedly in the midst of a possible board shake-up, is now planning a massive round of layoffs, involving up to 10,000 employees, The Wall Street Journal reported.
Bank of England governor says UK economy “very likely” in recession
13 Nov 2008
Mervyn King, governor, Bank of England, admitted yesterday it was “very likely” that the UK economy had entered a recession in the second half of this year."
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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