Failed Banking

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Tuesday, 25 February 2020

Latest News for: Failed banking

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How much deposit cover can you get?

Live Mint 12 Feb 2020

Budget 2020 met depositors’ demand to hike deposit insurance, which is now up at ₹5 lakh from ₹1 lakh, in the wake of the Punjab and Maharashtra Cooperative Bank crisis ... One, if your bank goes into liquidation and two, if your bank is reconstructed or merged with another bank ... (DICGC) does not directly deal with the depositors of failed banks....

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Socialism for the rich, capitalism for the rest

Jamaica Observer 12 Feb 2020

On the other hand, thousands of lower-level bank employees got a big dose of harsh capitalism ... Banks that are too big to fail — courtesy of the 2008 bank bailout — enjoy a hidden subsidy of about US$83 billion a year because they have the backing of the federal government ... But they will make sure the biggest banks remain too big to fail....

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PPP MPAs issued with notices on plea seeking probe into Shikarpur SSP’s claims

The News International 12 Feb 2020

The petitioner said the respondent had failed to provide the details of mortgage loans obtained from UK and Malaysian banks, concealed the description of moveable properties and had not provided documentary evidences ... The petitioner said the respondent had failed to provide the ......

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ABN Amro profit hurt by low interest rates, rising impairments

RTE 12 Feb 2020

Dutch bank ABN Amro has today reported fourth-quarter net income that missed analysts' estimates, hurt by lower interest income and higher impairments.  ... The bank said its impairments jumped 51% to €314m, mainly due to write-offs by its corporate division on loans in the offshore energy sector. ....

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BoG Data Reveals NPP Are Better Managers Of The Economy--Veep Bawumia

Modern Ghana 12 Feb 2020

The Vice President rsquo;s statement, backed by data from the Bank of Ghana, comes in the wake of ......

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Opinion: Catherine Rampell: Judy Shelton is unﬁt for the Fed

Daily Camera 12 Feb 2020

First and foremost is that she threatens the Fed’s political independence, which is necessary for the central bank to function effectively....

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Upper house passes two bills with amendments

Dawn 12 Feb 2020

Similarly, banks will be bound to promptly share suspicious transactions reports with the FMU instead of the existing limit of within seven days ... Banks will be bound to file suspicious transactions reports and, upon failing to do so, the individuals concerned will be liable to five years of imprisonment and a fine of Rs500,000....

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Documentary filmmaker files federal lawsuit against Georgia’s anti-BDS law

The Jerusalem Post 12 Feb 2020

The state law targets the Boycott, Divestment and Sanctions movement against Israel, and includes West Bank settlements as protected from boycott. Under the measure, the government is forbidden from contracting with individuals or companies that fail to certify for the ......

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Delhi Election results 2020: AAP bags all seats reserved for SC candidates second time in row

DNA India 12 Feb 2020

The BJP came distant second by winning eight seats while the Congress failed to open its account for the third time in a row. One of the key vote banks for all the contesting parties were the Dalits. As a community, they form approximately 12% of Delhi voters and there were 12 constituencies exclusively reserved for them ... Delhi election results. ....

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Why Wall Street isn't freaking out about Bernie Sanders

Yahoo Daily News 12 Feb 2020

If you're a fervent Bernie Sanders supporter who thinks America is finally ready for a political and economic revolution, take a breath and consider ... Think about it ... So folks keep on investing ... That would still leave Wall Street to cast its own vote, just it did back in 2008 when Congress failed to approve the Bush administration's bank bailout plan ... ....

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German challenger bank N26 closing UK accounts in April 'due to Brexit'

This is Money 11 Feb 2020

Industry insiders are questioning whether it is closing here because the bank had failed to attract enough customers.� ... That suggests that N26 was banking on Brexit not happening.�� .......

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Anglo Irish liquidators reported five cases of suspected frauds

The Irish Times 11 Feb 2020

Special liquidators of the former Anglo Irish Bank reported suspected criminal offences to the Garda Síochána on five occasions ... The settlement brought forward the expected wind-up of the failed Anglo Irish Bank and Irish Nationwide Building Society, also part of IBRC, by one year to the end of 2021....

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Artillery shells fall on centre of Libya's Tripoli

The National 11 Feb 2020

The Libyan National army (LNA) faction of Khalifa Haftar moved on Tripoli held by the internationally recognised government in April, failing to breach defences in southern suburbs ... Bank failed to raise alarm over huge write-down of frozen Libyan assets ... its control over Libya’s Central Bank, which holds the country’s oil revenue....