Failed Banking

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Deutsche Bank prepares Plan B if merger talks fail

Irish Independent 19 Apr 2019

0 Comments Deutsche Bank prepares Plan B if merger talks fail ... https.//www.independent.ie/business/world/deutsche-bank-prepares-plan-b-if-merger-talks-fail-38029900.html ... At least two of Deutsche Bank's largest investors said they would want to see a new strategy should the discussions fail. A spokeswoman for Deutsche Bank declined to comment....

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Jet Airways: AIBEA urges PM to order thorough enquiry, punish wrongdoers

Business Line 19 Apr 2019

The government should intervene immediately so that banks are not pressurised to dole out further loans, he said ... AIBEA has expressed concern that the staff of the company have not been paid salaries, and the proposals of the banks to temporarily help tide over the problem are not being accepted by the failed airline....

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CAD jumps by 196pc in March

Dawn 19 Apr 2019

The country’s current account deficit during March climbed by 196 per cent month-on-month compared to February, according to latest data released by the State Bank of Pakistan (SBP) on Thursday. The central bank reported that the current account deficit in March was at $822 million compared to $278m in February....

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Banks as collecting agents for FIRS – A conundrum

Business Day Online 19 Apr 2019

The bank is also expected to release the tax payer’s bank statements and other financial records to FIRS ... By these provisions, where the FIRS appointed bank fails to remit the outstanding tax liability from the taxpayers’ funds in its custody, such bank would be personally liable to FIRS for the tax payer’s outstanding liability....

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Race is on for open banking

Scotsman 19 Apr 2019

Technology has totally transformed personal banking, but providers must strive to beat the competition, writes Caroline Stevenson ... You can just imagine the backlash if a TPP were to recommend that a customer switch provider to get a better deal, only for the proposed bank to then fail or not execute a transfer on time....

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Your business week: Varadkar dangles customs union carrot over Brexiteers

The Irish Times 19 Apr 2019

New board seeks to change banking culture ... Another initiative aimed at improving banking culture is a Government plan to introduce laws to make top financial executives individually accountable for failings under their watch ... Staying with the banks, customers of Ulster Bank are set to pay more to use its facilities....

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Banks getting away with same crimes that crashed the economy in 2008

People's World 19 Apr 2019

Maxine Waters, D-Calif., convened a House Financial Services Committee hearing featuring the CEOs of Wall Street’s biggest banks, the financial watchdog group Better Markets released a stunning report on the banks’ criminal records. ... The banks then failed their legal duty to keep the homes up, with neighborhoods turning into waste pits....

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The Oligarch Battle Behind Ukraine’s Presidential Election

The New Republic 19 Apr 2019

A lifelong “raider,” as he calls those skilled at exploiting opportunity, Kolomoisky in his youth ferried electronics from Moscow to Ukraine during the collapse of the Soviet Union—a train line once graced by robbers in leather jackets who snuffed out passengers for any rubles they might have foolishly failed to hide....

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Jet Airways lenders may be facing dilemma of writing off 80% dues or losing 100% loans

International Business Times 19 Apr 2019

The lenders to grounded private airline Jet Airways may have tactically erred in failing to keep the airline airborne by releasing emergency funds, some circles believe. The airline management suspended all flights from Wednesday (April 17) after the debt-laden carrier failed to secure operational funds from the banks....

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Jet shares crash ahead of auction

Yahoo Daily News 19 Apr 2019

While banks said they are "reasonably hopeful" a bidding process for an ... The carrier, reeling from a humungous Rs 8,500 crore debt burden, was tottering for weeks after failing to receive a stop-gap loan of Rs 1,500 crore from banks, as part of a rescue deal agreed in late March....

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FinCEN Penalize Bitcoin Exchanger for Unlawful Practices

BTC Manager 19 Apr 2019

The United States Financial Crimes Enforcement Network (FinCEN) has ordered Eric Powers, the operator of a peer-to-peer Bitcoin exchange, to pay a fine of $35,000 for willfully violating the Bank Secrecy Act’s (BSA) registration for failing to register as a money services business, according to a press release on April 18, 2019 ... Read MoreRead More....

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Onnoghen files appeal against his conviction by CCT

Business Day Online 19 Apr 2019

Onnoghen will in addition forfeit to the federal government various sums of money found in his five bank accounts with the Statndarf Chartered Bank which he was said to have failed to declare ... CJN was in grave error by his failure to declare the bank accounts as required by law....

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Government forced to give Eskom emergency bailout

Business Day 19 Apr 2019

The payment on April 2 was intended to let Eskom pay bills due at the end of March, and avoid a call on its existing guarantees after a loan expected from the China Development Bank failed to come through in time ... Bank would carry out its commitment to help capitalise Eskom....