Banks general
HSBC to set aside another £500 mn for penalties over money laundering
05 Nov 2012
Despite a £937-million fine for the embarrassing money laundering scandal it has been slapped with, HSBC's profit would peak in the third quarter by over 80 per cent to $5.4 billion
UBS to slash 10,000 jobs worldwide in 3 years
30 Oct 2012
UBS, which has a current staff strength of 64,000, reported a steep loss of 2.2 billion Swiss francs ($2.36 billion) in the September quarter
RBI cuts CRR by 0.25%; other rates unchanged
30 Oct 2012
The Reserve Bank of India today cut the cash reserve ratio by 25 basis points or 2.5 per cent, releasing Rs 17,500 more liquidity into the banking system, even as it left interest rates unchanged
Moody’s warns six Canadian banks of rating cuts
29 Oct 2012
UBS to split with own investment bank
29 Oct 2012
UBS will split with its struggling investment bank next week in a move that would lead to a loss of 10,000 jobs across the Swiss banking group
US authorities probe nine more banks on Libor scandal: report
27 Oct 2012
The US investigation is part of a much wider global probe into the scandal by regulatory authorities in several countries including the UK, Canada and Japan
US government sues Bank of America over 'brazen' loan fraud
25 Oct 2012
The US government has filed a lawsuit against Bank of America Corp, for causing taxpayers over $1 billion in losses with thousands of toxic mortgage loans
SBI slashes loan processing fee by 50 per cent
17 Oct 2012
Santander nixes £1.7-bn RBS deal
13 Oct 2012
UK banks faced with record PPI complaints
11 Oct 2012
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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
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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
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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
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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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