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Latest News for: Failed banking
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Better-run banks will get bigger share of deposits
The Times of India 13 Nov 2019
But now, banks penalise a deposit holder for walking into the branch ... While it is assumed that banks will not be allowed to fail, there is legally nothing against the liability being restricted to just Rs 1 lakh ... Hence, if a bank fails, deposit holders, too, have to bear a part of the cost in the form of haircuts on their deposits....
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Raise the deposit insurance limits for individuals to ₹5 lakh: Sahakar Bharati
Business Line 13 Nov 2019
The Deposit Insurance and Credit Guarantee Corporation (DICGC) should create a separate Reserve to protect the interests of depositors of Banks that fail on account of frauds ... (public sector banks, systematically important banks and most foreign banks) are never likely to fail....
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Breakdown of trust in financial system deepens crisis in Lebanon
Canada Dot Com 13 Nov 2019
The central bank has taken steps to protest depositors by ensuring no bank would fail and will seek to lower interest rates through liquidity management, he said. But the imposition by banks of controls on dollar withdrawals and transfers overseas has failed to rebuild confidence....
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Butterflies are no birds
Business Day Online 13 Nov 2019
If microfinancing fails to focus on the poor, then these doubts become germane ... Another impetus to the rise of microfinance was the fact the community banks, and finance companies, failed to deliver effective services to the poor and appeared destined not to improve ... The microfinance banks (MFBs) have since run away with their new title – Bank....
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ABN Amro promises no negative interest on deposits up to €100,000
RTE 13 Nov 2019
Dutch bank ABN Amro said it would not charge negative interest ... Dutch prosecutors in September started an investigation into ABN Amro, one of three dominant banks in the Netherlands, which they say for years failed to detect money laundering and to report suspicious transactions....
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NDIC Pegs Coverage to Mobile Money Users at N500,000
This Day 13 Nov 2019
“As provided for in the NDIC Act 2006, when insured financial institutions fail, depositors of deposit money banks (DMBs), non-interest banks (NIB) and primary mortgage banks (PMBs) are reimbursed up to a maximum limit of N500,000, while the maximum insured coverage for depositors of Microfinance bank (MFBs) is N200,000....
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Editorial: 'Tough words alone won't stop banks making a killing'
Irish Independent 13 Nov 2019
'Tough words alone won't stop banks making a killing' ... Banks were once to the economy what the heart is to the body ... https.//www.independent.ie/opinion/editorial/editorial-tough-words-alone-wont-stop-banks-making-a-killing-38687645.html ... Banks were once to the economy what the heart is to the body ... Banks will make profits where they can....
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Bank bosses acting like pilots who have parachutes their passengers don't, regulator says
Yahoo Daily News 13 Nov 2019
The pay packets earned by banking bosses mean they are like airline pilots ... For example, the boss of the Commonwealth Bank, Matt Comyn, received a package worth about $4.4m last year, even though he received only a partial bonus after the bank failed to meet performance targets....
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Capital Press
13 Nov 2019
Former grain trader gets 8 years in prison for $11M scam
Capital Press
13 Nov 2019
Court documents show that Hanson, of Leeds, contracted with the victims to buy crops and either failed to pay them or sent them checks that bounced. He allegedly laundered money between his multiple bank accounts and other businesses. At one point he had 11 identified bank accounts associated with his companies and owed one bank more than $460,000....
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Former Grain Trader Hunter Hanson, 22, Gets 8 Years In Prison For $11M Scam
CBS Sports 13 Nov 2019
Court documents show that Hanson, of Leeds, contracted with the victims to buy crops and either failed to pay them or sent them checks that bounced. He allegedly laundered money between his multiple bank accounts and other businesses. At one point he had 11 identified bank accounts associated with his companies and owed one bank more than $460,000....
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Former N.D. grain trader, 22, gets 8 years in prison for $11M scam
Pioneer Press 13 Nov 2019
Court documents show that Hanson, of Leeds, contracted with the victims to buy crops and either failed to pay them or sent them checks that bounced. He allegedly laundered money between his multiple bank accounts and other businesses. At one point he had 11 identified bank accounts associated with his companies and owed one bank more than $460,000 ... ....
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