Failed Banking

Latest News for: Failed banking

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Deutsche Bank to rebuild in South Africa, months after cuts

This is Money 20 Feb 2019

Rival investment bank Credit Suisse said in November it would pull out of South Africa ... Deutsche Bank's profit for the full year failed to fully restore the faith of its shareholders, who have also been shaken by a failed stress test, several restructuring attempts, a leadership shake up, a ratings downgrade and money laundering allegations....

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UPDATE 1-Deutsche Bank to rebuild in South Africa, months after cuts

This is Money 20 Feb 2019

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France fines UBS record €3.7b in tax fraud case

Gulf News 20 Feb 2019

UBS, the world’s largest private bank, had tried to negotiate a settlement to avoid the potentially embarrassing court showdown, but failed to agree on a fine with prosecutors ... UBS, the world’s largest private bank, had tried to negotiate a settlement to avoid the potentially ......

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Technology giants have no business in banking: Uday Kotak

Moneycontrol 20 Feb 2019

"If a Google or a Facebook ever decided to be a bank, we have a problem...They don't want to be as regulated as we are," Kotak, who heads Kotak Mahindra Bank said while speaking at the annual Nasscom leadership summit here on Wednesday ... banks as they don't like to be regulated....

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Short The Bankers: Another Major Bank Ordered Closed for Money Laundering

NewsBTC 20 Feb 2019

Danske Bank has been ordered to close up in Estonia following another money laundering scandal. It is not the first time a major bank has been involved in money laundering and it will not be the last, which is all good news for crypto ... But the bottom line is the US dollar is still the currency of choice for washing money, and banks are the vehicle....

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Online fraud: Ambala-based firm duped of Rs 90,000

The Times of India 20 Feb 2019

... Axis Bank account of Maffick Instruments, an electronic products firm, based in Ambala City since 1994 ... Our card got blocked in the evening on February 18, but till date, we have received nearly 40 messages of failed transactions on the mobile number linked to the bank account.”....

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French court ruling due in UBS $6 billion tax case

RTE 20 Feb 2019

Such a combined penalty would be a record for France and exceed the Swiss bank's 2018 net profit ... Lawyers for UBS have called the magnitude of the possible penalty "irrational" and "extravagant" and said prosecutors failed to bring material evidence against the bank....

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Monetary Policy review draws mixed reaction from lobby groups, bankers

The Himalayan 20 Feb 2019

... and the Confederation of Nepalese Industries (CNI), have said that the revised policy document has provided short-term solution to problems seen in the banking sector such as interest rate volatility, but it has failed to recommend ways to tackle these problems in the long run....

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There are more people older than 65 than younger than 5 for the first time - here's how that's changing the world

The Times of India 20 Feb 2019

A trusted investing strategy is making a comeback from the wilderness, and young Wall Streeters are at the forefront of its profitsThe failing automobile industry is pushing us toward a global recessionRevenues at Europe's biggest bank 'collapsed' at the end of 2018 - and it's blaming Trump's trade war with China NOW WATCH....

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Credit Suisse loses bid to dismiss lawsuit in U.S. over writedowns

Democratic Underground 20 Feb 2019

SO this bank thinks that it was just fine and dandy to take pension money from union workers and others, and when they failed to limit there own risks of their investments, they decide to go after the workers pensions in there portfolio................I have one (pension) that ......

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Why debt-hit Jet Airways is selling majority state for Re 1

Hindustan Times 20 Feb 2019

While the bank deal is nominally a conversion of debt into shares, debt levels will come down only by 1 rupee once the exercise is completed ... Kingfisher Airlines, founded by beer tycoon Vijay Mallya, ended operations in 2012 after failing to clear its dues to banks, staff, lessors and airports....

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Is Ken Ofori-Atta using GAT scam to take over NIB, ADB and other banks?

Joy Online 20 Feb 2019

In January this year, the Governor of the Bank of Ghana announced that private pension funds have come together in a private arrangement to help these banks recapitalise after they failed to do so by the close of 31st December 2018 being the deadline for recapitalisation ... What are the Banks worth and what stake are we taking? ... ADB Bank Limited....

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Is Ken Ofori-Atta using GAT scam to take over NIB, ADB, others through Franklin Templeton?

Joy Online 20 Feb 2019

In January this year, the Governor of the Bank of Ghana announced that private pension funds have come together in a private arrangement to help these banks recapitalise after they failed to do so by the close of 31st December, 2018 being the deadline for recapitalisation ... GAT and compliance with sources of funding equity in a bank ... ADB Bank Limited....