Failed Banking

Thursday, 02 February 2023

Latest News for: Failed banking

Edit

King Charles III won't appear on new Australian bank notes

Canoe 02 Feb 2023

CANBERRA, Australia — King Charles III won’t feature on Australia’s new $5 bill, the nation’s central bank announced Thursday, signaling a phasing out of the British monarchy from Australian bank notes, although he is still expected to feature on coins ... We apologize, but this video has failed to load ... We apologize, but this video has failed to load.

Edit

Outrage in Nigeria over currency scarcity at banks

Anadolu Agency 02 Feb 2023

Nigerians were outraged Wednesday because of the scarcity of new naira notes at commercial banks ... Three of Alonge’s friends were enraged and demanded authorities take stiffer action against commercial banks that fail to dispense the new notes ... Banks are turning people down, asking them to go to the ATM.

Edit

RBI seeks details of banks' exposure to Adani Group

Business Line 02 Feb 2023

The Reserve Bank of India (RBI) has sought details about lenders' exposures ... The Ahmedabad-headquartered group has denied all the allegations but failed to convince analysts and investors.

Edit

UAE Central Bank imposes Dh1.8 million fine on finance company

Gulf News 02 Feb 2023

... high risk and repeated AML/CFT violations by the finance company in addition to operational failings by the Board of Directors,” the central bank said in a statement.

Edit

After Credit Suisse, Citigroup’s wealth unit stops accepting Adani Group securities

Live Mint 02 Feb 2023

“Stock and bond prices have plummeted following the negative news around the group’s financial health.” The bank said in the memo it has decided to remove lending value “to all Adani issued securities with immediate effect.” Based on its estimates, the impact of this ...

Edit

Namibia relaunches scheme to support small, medium enterprises

China.dot.org 02 Feb 2023

The scheme, titled SME Economic Recovery Scheme, was jointly unveiled by the Bank of Namibia, the country's central bank, and the Ministry of Finance and Public Enterprises at an event held in Windhoek, the capital of Namibia ... dollars) was availed through the COVID-19 SME Loan scheme accessible to SMEs via participating banking institutions.

Edit

Have interest rates finally peaked?

The Spectator 02 Feb 2023

This afternoon the Bank of England has announced its tenth rate rise in a row, from 3.5 per cent to 4 per cent.  ... This created a credibility issue for the Bank, as it failed to act on inflation for so long, putting itself in a position of having to play catch-up with rates. ... Nothing in the Bank’s minutes ruled this out.

Edit

Man granted GH¢1.6m bail over theft of drilling machine

Ghana Business News 02 Feb 2023

An Accra Circuit Court has granted a GH¢1.6 million bail with two sureties to a man accused of stealing a GH¢1,695,216,000.00 worth of Hydraulic drilling machine belonging to the Stanbic Bank Ghana Limited ... The Company, he said, had failed to adhere to the terms of the agreement, which resulted in a civil action instituted against it.

Edit

Deutsche Bank slips as focus shifts from revamp to tough outlook

Reuters 02 Feb 2023

"Over the past three and a half years we have successfully transformed Deutsche Bank," said Sewing, who was promoted to the top job in 2018 to turn Deutsche around after a series of costly regulatory failings ... Sewing, speaking at a news conference, said the bank was "slightly more optimistic".

Edit

Texas History Minute: Jesse H. Jones, his work to combat Great Depression

The Tribune 02 Feb 2023

Jones already served as president of the Houston-based National Bank of Commerce in 1931 when Public National Bank was in danger of failing. Jones bought the bank and added it to his holdings ... He helped save more than 2,000 banking corporations from collapse through the RFC.

Edit

Citigroup wealth unit halts margin loans on Adani securitiesThe US lender’s move to restrict lending ...

Deccan Herald 02 Feb 2023

The bank said in the memo it has decided to remove lending value “to all Adani-issued securities ... When a private bank cuts lending value to zero, clients typically have to top up with cash or another form of collateral and if they fail to do so, their securities can be liquidated.

Edit

What the base rise to 4% means for your mortgage and savings

This is Money 02 Feb 2023

'Loyalty does not always pay and the majority of the biggest high street banks have failed to pass every Bank of England base rate rise to easy access accounts, with two in particular passing on just 0.54 per cent since December 2021.'Will savings rates go up or down this year?.

Edit

What the 0.5% interest rate hike means for your mortgage and savings: Bank of England ...

The Daily Mail 02 Feb 2023

Edit

Deutsche Bank Increases Prime Lending Rate to 7.75%

Canada Dot Com 02 Feb 2023

We apologize, but this video has failed ...

Edit

#Politics | Opposition targets BJP as Adani market rout continues: \u2018Warrants probe by SEBI and RBI\u2019

Indian Express 02 Feb 2023

Now? After Adani\u2019s empire is collapsing? RBI, Finance Miny, SEBI, Corporate Affairs, ED, CBI, DRI \u2014 All Failed \u2014 Hence Banks & Public may lose thousands of crores.\u201d Hyderabad MP and All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owasi ...