Banks general
Banking sector poised to see interesting times
25 Nov 2015
With in-principle approval given to 21 new niche banks, and the PM’s Jan Dhan Yojana scheme, the Indian banking sector is poised for a shake-up, and inclusive banking has been given a boost. But banks will have to be nimble and make good use of technology to survive in the new scenario, say Probir Roy, co-founder, Paymate and Sumita Kale of Indicus Centre for Financial Inclusion
Jaitley outlines steps to bring down banks’ NPAs
24 Nov 2015
UK treasury sells $13 bn of Northern Rock mortgages
14 Nov 2015
The UK treasury is set to sell £13 billion of mortgage assets it acquired from lender Northern Rock during the global financial crisis to US private equity firm Cerberus Capital Management LP
Osborne vows to crack down on UK’s ‘rogue bankers’
13 Nov 2015
Rogue bankers should be treated like shoplifters and thrown into jail, the UK’s Chancellor of the Exchequer George Osborne said at Bank of England’s Open Forum event at London’s Guildhall
Indiabulls acquires 40% of UK’a OakNorth Bank
12 Nov 2015
StanChart to cut 15,000 jobs, raise $5.1 bn in fresh capital
03 Nov 2015
The Asia focused bank said it will axe 17 per cent of its workforce to pare costs by $2.9 billion and also sell or restructure $100 billion of loans
HSBC pre-tax profit up 32% at $6.1 bn
02 Nov 2015
Deutsche Bank to shed 35,000 jobs worldwide in major overhaul
30 Oct 2015
In a major overhaul aimed at improving performance and profitability, German banking major Deutsche Bank is cutting15,000 jobs and offloading assets with 20,000 staff
New ATM does away with using cards
28 Oct 2015
Public sector banks’ finances to be beefed up PM
20 Oct 2015
Public sector banks will be recapitalised, the rules for appointing their heads would be changed, and paperless transactions would be promoted to curb black money, the Prime Minister said
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