Failed Banking

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Adhikari appointed governor of central bank

The Himalayan 07 Apr 2020

The government has appointed Maha Prasad Adhikari as the 17th governor of Nepal Rastra Bank ... “A major problem that the central bank has failed to address so far is the instability in interest rates which is killing the entrepreneurial spirit,” said Biswo Poudel, an economist....

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Parents, students perturbed as schools demand fees amid lockdown

The News International 07 Apr 2020

A number of parents failed to deposit the school fee during banking hours due to the opening of limited branches of commercial banks ... A number of parents failed to deposit the school fee during banking hours due to the opening of limited branches of commercial banks....

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Non-functional ATMs

Dawn 07 Apr 2020

But I regret to say that the National Bank of Pakistan has failed to keep its ATMs working. With many bank branches closed, ATMs are the only source of cash. The other day the branch (of another bank) ......

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Nurse 'put her life on the line'

Greenwood Commonwealth 07 Apr 2020

Marcus Banks said that when his mother tested positive for the new coronavirus a couple of weeks ago, he fully expected she would survive it ... Boles was admitted to the hospital on March 22, according to Banks ... “The kidneys started to fail on her,” he said ... His mother had some underlying health issues, but Banks declined to specify what they were....

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Chairman of Scandal-Hit Luckin Suffers Double Blow to Credit

Caixin Online 07 Apr 2020

One of the latest developments saw investment banking giant Goldman Sachs announce late Monday it was taking action after one of Lu’s affiliates, Haode Investment Inc., defaulted on a $518 million margin loan facility ... “Company cash flow is likely to decrease as consumers fail to add money to pre-paid cards....

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The Trump White House wants to exploit the coronavirus crisis to give a huge gift ...

Alternet 07 Apr 2020

But the rollout was disastrous as small businesses struggled to apply for loans and some of the biggest banks in the country sat out the process entirely as the Treasury Department failed to provide adequate guidance....

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2 American Banks Have Failed Since Coronavirus Started Spreading in the US

XBT.MONEY 06 Apr 2020

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Why crypto? U.S. bank forcefully closed due to “longstanding capital” issues

Cryptoslate 06 Apr 2020

bank fails ... But where exactly does crypto fit into the equation of failing banks? Enter Bitcoin & crypto ... are not insured by the FDIC, meaning that depositors could lose their shirts if certain banks fail and are liquidated ... In other words, no centralized bank can fail to pay out your Bitcoin wallet balance, much unlike fiat....

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Banks failing in pandemic duties, business leader warns

Belfast Telegraph 06 Apr 2020

Banks are failing in their duties to prop up struggling companies through the coronavirus ... “There is a grave suspicion that this sort of behaviour is designed to fail; so the banks can say they did make funds available but it is hardly their fault if they were not taken up.”....

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As Germany reels from coronavirus, some officials debate impact on banks

Yahoo Daily News 06 Apr 2020

Their hope is that the support to non-financial companies through the aid package will prevent the loans from going bad, avoiding a hit to the banking sector, the sources said ... and advisor to the finance ministry, said it was "very likely" that banks would need state aid as their corporate customers run down credit lines and fail to pay back loans....

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Yes bank can't declare firm NPA for non payment of loan due to coronavirus: HC

Yahoo Daily News 06 Apr 2020

The court had on April 3, directed the bank not to take any coercive action against the company, which has been declared as NPA by the computer for failing to pay loan installments ... If post moratorium period, the borrower fails to pay the instalment, classification would then ......

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Coronavirus: Cash-strapped bank customers seen begging to activate e-channels

Business Day Online 06 Apr 2020

Banks are providing skeletal services which do not include over-the-counter deposits and withdrawals ... It’s barely one week into the 2-week lockdown order, but most Nigerians, particularly those that failed to leverage the existing electronic channels of banks, are getting the hit....

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Last-mile financiers claim banks reluctant to pass on repayment relief

The Times of India 06 Apr 2020

Last week, the central bank ... But millions of customers that borrow from non-bank lenders and fintech companies could fail to benefit from the Mint Road move if high-street banks lending funds to these last-mile financiers don’t give them similar flexibility in repayments....