Banks general
Citigroup to sell Belgian consumer unit to French bank Credit Mutuel Nord Europe
29 Dec 2011
Citigroup has been operating in Belgium since 1919, and currently has more than 500,000 clients in the country
SBI, other banks more than double NRE deposit rates
27 Dec 2011
The new rates on NRE deposits go up to 9.6 per cent against the 3-4 per cent interest offered earlier
US firms acquiring assets from distressed European banks
27 Dec 2011
With Europe deep in financial trouble, US firms, eyeing an opportunity to make quick gains are buying up bank owned assets from Miami to Dublin
Banks prepare to deal in pre-euro currencies if EU collapses
26 Dec 2011
Preparing their systems to handle codes for old European currencies was one way banks were taking steps to insulate themselves from major business disruptions if any country suddenly left the euro
Yes Bank hikes savings account rates to 7%
22 Dec 2011
HSBC to sell $2.7-bn Japanese private banking unit to Credit Suisse
21 Dec 2011
HSBC Holdings is exiting private banking business in Japan by selling the unit to Credit Suisse Group AG.
UK Chancellor to back banking shake-up
19 Dec 2011
SBI opens branch in Qatar
12 Dec 2011
Moody’s downgrades French banks
10 Dec 2011
Barclays to stop lending in India: Report
08 Dec 2011
Citigroup to lay off 4,500 employees, take $400 million charge
07 Dec 2011
In view of the renewed global economic turmoil, Citigroup CEO Vikram Pandit yesterday said that the bank will lay off around 4,500 employees worldwide over the next few months
PNB opens ‘Gen Next’ branch in Lucknow
03 Dec 2011
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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