Failed Banking

Latest News for: Failed banking

SKYE BANK FAILURE AND MATTERS ARISING

This Day 18 Oct 2018

For instance, the CBN had, on 14th August 2009, injected N420 billion into five failed banks and sacked their chief executives and executive directors over what it described as weak and unethical management, which left the banks weakly capitalised to the point of collapse ... Until failed bank promoters begin to pay for the consequences of their actions, there will be no end to the malaise....

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Prudential is freed from 'too big to fail' label and the tough oversight that came ...

The Los Angeles Times 18 Oct 2018

Business Prudential is freed from 'too big to fail' label and the tough oversight that came with it ... as too big to fail, making the insurance company the last non-bank to escape a post-crisis designation subjecting firms to extra oversight ... The other non-banks that had been deemed systemically important financial institutions — American International Group Inc., MetLife Inc....

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The Latest: May says UK, EU need 'courage, trust' on Brexit

Beatrice Daily Sun 18 Oct 2018

The president of the European Parliament says Prime Minister Theresa May failed to bring new Brexit initiatives to the table while addressing fellow leader of European Union countries ... Weekend talks aimed at securing a Brexit deal before the summit failed to clear the main sticking point — how to keep goods and people flowing freely across the Ireland-Northern Ireland border after Britain leaves the EU....

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The Latest: Britain's May said to have 'no change' on Brexit

The Joplin Globe 18 Oct 2018

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Banks could owe millions in PPI compensation claims they failed to investigate, says Which?

The Independent 17 Oct 2018

Banks could owe millions of pounds more in compensation for mis-sold PPI because they have failed to properly investigate claims, Which? has revealed. A probe by the consumer group found that banks ......

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RBI Denies Yes Bank’s Request For Extension Of Rana Kapoor’s Term

Yahoo Daily News 17 Oct 2018

They failed. A request by the board of Yes Bank Ltd ... 19, the bank had disclosed that the RBI had asked Kapoor to step down as MD & CEO of the bank by Jan ... The regulator’s diktat came in response to the bank’s attempt to reappoint Kapoor for another three-year term ... As communicated by the bank in the press release dated Sept ...  " - Yes Bank Statement....

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DA lays complaint against Shivambu for ‘violating’ parliament code of conduct

Sowetan Live 17 Oct 2018

The DA has laid a complaint against Shivambu with Parliament’s Ethics Committee‚ in which they allege that he violated Parliament’s Code of Conduct by failing to disclose – during meetings where the VBS Bank saga was discussed and decided – that his family had a financial interest linked to the scandal‚ or may have benefitted from it....

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VBS Mutual Bank fraudsters must be brought to account - Sanco

Independent online (SA) 17 Oct 2018

JOHANNESBURG - Law enforcement agencies should move quickly to bring the fraudsters implicated in the saga of the failed VBS Mutual Bank to account, the South African National Civic Organisation urged on Wednesday. The South African Reserve Bank (SARB) placed VBS under curatorship in March, and a report entitled "The Great Bank Heist" released by ......

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Nigeria:'How to Curb Incidence of Banks' Failure in Nigeria'

All Africa 17 Oct 2018

As the nation grapples with the issue of Skye Bank takeover, the bank's shareholders, University Dons, Professors Franklin Ngwu and Uche Uwaleke have prescribed ways to stem the prevalence cases of failed banks in Nigeria .......

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Regions Bank will close its French Quarter branch in early 2019

The Times Picayune 17 Oct 2018

Regions Bank will close its French Quarter branch in early 2019, part of a move to consolidate its presence in downtown New Orleans ... will close in January 2019 as the bank consolidates it with its nearby Poydras Street branch, Regions spokesman Mel Campbell said ... In 2017, Whitney announced it would close 22 branches across Louisiana after taking over the failed First NBC Bank....

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The Latest: Lithuanian leader: Brexit goals 'a great secret"

Montana Standard 17 Oct 2018

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The Latest: Austria: Brexit 'ball' in Britain's court

The Times & Democrat 17 Oct 2018

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Prudential Financial to shed its post-crisis 'too big to fail' label

Yahoo Daily News 17 Oct 2018

government has relieved the company of its “too big to fail” label applied after the financial crisis. As the last non-bank company to be relieved of the title, the Prudential announcement marks the end of the post-crisis effort to have the Federal Reserve regulate institutions that exist outside of the banking system ... unlike those faced by banks....

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