Monday early afternoon, the US KBW Bank index, which tracks large US banks and serves as a benchmark for the banking sector, is down 2.5% at the moment. It has dropped 17% from its post-Financial...
The EU has drafted business safeguards to salvage the Iran nuclear deal, including prohibiting firms from complying with US sanctions and sending money to Iran’s central bank. Experts doubt such efforts will be enough. The...
US businesses traditional relied on bond and equity markets to raise capital. When the crisis struck, the US acted early and quickly to re-open market functions before the banks were prepared to expand their lending....
“Differentiated banks” are niche banks as they operate in specific sectors, under a different regulatory framework. The idea of “differentiated bank” was initially proposed by the RBI constituted Nachiket Mor Committee for financial inclusion (January...
Italy has moved to rescue banks teetering on the edge of insolvency – by agreeing to inject billions of euros on the public tab. A long period of economic stagnation has left banks holding a...
Not that much has changed in Spain since the climax of the debt crisis during which its collapsing banks were bailed out. Some of them were recombined into a bank with a new name –...
In this modern world, banking technologies has developed in an efficient way from the traditional banking services. Due to the ease and the need; a customer opens a bank account to save their earnings. This helps the...
Under The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act) lenders like Banks and Financial Institutions are empowered to recover mortgaged properties, without intervention of court, in case of...
Seven men face charges related to a global cyber crime ring that stole $45 million in one of the biggest bank heists in history. The heist is believed to have involved hundreds of people and...
Spain’s banks need to be recapitalized to the tune of more than 50 billion euros, according to an independent report released on Friday. As high as this figure may sound, it has led to a...
October 09, 2011 – New Delhi, 8 cooperative banks failed in this fiscal so far, resulting in credit insurance company DICGC paying a little over Rs 143 crore to depositors. Out of the eight cooperative...
