Latest News for: Failed banking

Edit

Sepco official acquitted of bank fraud for want of evidence

The News International 06 Dec 2022
The Sindh High Court (SHC) on Monday set aside the conviction of a Sukkur Electric Power Company (Sepco) official in a bank fraud case because the prosecution failed to prove the charges. Abu Bakar Sheikh had been sentenced to seven years in prison by a special court for banking ...
Edit

GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages U.S. Bancorp Investors to Secure Counsel Before Important Deadline ...

Victoria Advocate 06 Dec 2022
According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that ... Bank National Association (U.S. Bancorp's banking subsidiary) created sales pressure on its ... Bank National Association and by extension, U.S.
Edit

Silvergate CEO Attempts to Address Concerns in Public Letter

CoinDesk 06 Dec 2022
Shares of the crypto-focused bank have been reeling in part due to links with failed crypto exchange FTX and sister company Alameda Research ... .
Edit

Senate Exonerates Finance Minister Over Alleged N206bn Budget Padding, Others

This Day 06 Dec 2022
•Condemns NSIP shoddy implementation ... President ... Earlier at an interface with the Senate Ad – hoc committee on uneven disbursement of N500 billion Development fund by the Development Bank of Nigeria (DBN), the Minister of Humanitarian Affairs, Sadiya Umar Farouq, failed to supply the committee with verifiable evidence of beneficiaries.
Edit

The Devastating Failure of Japan’s Mini Submarines at Pearl Harbor

War History Online 06 Dec 2022
They expected the submersibles to sneak into the harbor and aid the air attack, but the mission failed ... Hisashi Mito later noted in an interview that the vessels were also considered “double insurance,” in case the air attack failed ... exploded on the bank of Ford Island.
Edit

RBI's 3-day monetary policy meet to start today; all eyes on rate hike stance

Beijing News 05 Dec 2022
An out-of-turn meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India was held in early November to discuss and draft the report to be sent to the central government for having failed in maintaining the inflation mandate.
Edit

HSBC fined €82,000 by FIAU for anti-money laundering breaches

The Malta Independent 05 Dec 2022
In an online notice, the FIAU said that the bank had failed to document the justification for a €2 million transaction by one of its clients ... In a separate case, the FIAU said the bank’s transaction-tracking system failed to alert the company to a number of high-value transactions from a client.
Edit

Bank of Baroda expects 25-35 basis points rate hike from Dec 5-7 RBI policy meet

Beijing News 05 Dec 2022
An out-of-turn meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India was held in early November to discuss and draft the report to be sent to the central government for having failed in maintaining the inflation mandate.
Edit

RBI's 3-day MPC meet to begin from today; all eyes on rate hike stance

Live Mint 05 Dec 2022
RBI likely to moderate rate tighteningThe meeting was called under Section 45ZN of the Reserve Bank of India (RBI) Act 1934, which pertains to steps to be taken if the central bank fails to meet its inflation-targeting mandate.Further details about the special meeting are not officially in the public domain. (With inputs from agencies) .
Edit

35 basis points repo rate hike looks imminent from RBI policy meet: SBI Research

Beijing News 05 Dec 2022
An out-of-turn meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India was held in early November to discuss and draft the report to be sent to the central government for having failed in maintaining the inflation mandate.
Edit

Indian stock indices extend losses to second day; Sensex down over 300 pts

Beijing News 05 Dec 2022
An out-of-turn meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India was held in early November to discuss and draft the report to be sent to the central government for having failed in maintaining the inflation mandate.
Edit

RBI slaps ₹5 lakhs penalty on this cooperative bank for violating norms

Live Mint 05 Dec 2022
... inter alia, that the bank failed to comply with the aforesaid RBI directions to the extent it did not (i) adhere to exposure limits for single investment and (ii) classify certain term loans and credit facilities as non-performing assets in accordance with the IRAC norms.
Edit

Banks have ceded UPI space to nonbanking sector: RBI Dy Guv

The Times of India 05 Dec 2022
Banks have ceded the unified payments interface space to non-banks, Reserve Bank of India deputy governor T Rabi Sankar has said ... Banks had failed to scale UPI during the early days and have now missed the bus, Sankar said ... After implementing the pilot project for wholesale CBDC, the central bank is now looking at trying out CBDC using blockchain.
Edit

RBI imposes Rs 5-lakh penalty on Bharat Co-operative Bank

The Economic Times 05 Dec 2022
Based on this, a notice was issued to the bank, advising it to show cause why a ...
Edit

Silvergate CEO seeks to reassure investors over crypto contagion

The Block 05 Dec 2022
Silvergate Bank, which specializes in service to fintech and crypto clients including failed crypto exchange FTX and its sister hedge fund Alameda Research, published a letter from its CEO to reassure shareholders about its due diligence practices, risk management and reserves ... The bank CEO added that customers “continue to have access to their U.S.

Most Viewed

Russian President Vladimir Putin, third right, listens to Deputy Prime Minister Marat Khusnullin, left, as he visits the Crimean Bridge connecting Russian mainland and Crimean peninsula over the Kerch Strait, which was damaged by a truck bomb attack in October, after restoration works, not far from Kerch, Crimea, Monday, Dec. 5, 2022.
AP / Mikhail Metzel, Sputnik, Kremlin Pool Photo via AP
Angolan billionaire businesswoman Isabel dos Santos
Creative Commons / Nuno Coimbra https://creativecommons.org/licenses/by-sa/4.0/deed.en
Members of the Inter-American Commission on Human Rights group go to the Simón Bolívar International Bridge
Creative Commons / cidh https://creativecommons.org/licenses/by/2.0/
×