Failed Banking

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Japan's Mizuho Bank continues to face ATM system glitch

Kyodo 01 Mar 2021

some 3,000 of its 5,400 ATMs had stopped functioning and failed to return customers' cash cards, according to one of Japan's largest banks ... Its internet banking service, which also failed to complete some transactions, has since been restored ... The banking arm of Mizuho Financial Group Inc ... Japan's Mizuho Bank reports large-scale ATM system failure.

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Price of Gold Fundamental Weekly Forecast – Powell’s Main Concern Remains Jobs Creation

FX Empire 01 Mar 2021

The surge in yields last week started after Federal Reserve Chair Jerome Powell failed to convince investors that the central bank would hold policy unchanged for the next several years and that inflation would be contained despite showing signs of heating up. Powell Says Economy Still Needs Fed Support, Pushes Bank on Inflation Worries.

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DHFL's Rs 7.5k cr funds stuck in 8 Mum projects

The Times of India 01 Mar 2021

In February, DHFL had issued a demand notice against this firm and its borrowers, Shahid Balwa, Vinod Goenka, Sanjay Chhabria among others, for failing to pay outstanding dues totaling Rs 1,189 crore ... Incidentally, in 2019, Avenue 54 was taken over by Yes Bank after the developer, Sumer Radius Realty, failed to repay a Rs 479-crore loan.

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Hua Nan Financial eyes expansion in operations

Taipei Times 28 Feb 2021

While its securities arm failed to recover from losses last year, its banking company grew its business to net NT$12.46 billion in profits ... The bank-focused conglomerate set the goal at a meeting of managers from different divisions after net income slumped to NT$8.66 billion (US$305.94 million) last year, or earnings per share of NT$0.67.

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Japan's Mizuho Bank reports large-scale ATM system failure

Kyodo 28 Feb 2021

Mizuho Bank said Sunday a glitch affecting more than half of its 5,400 automated teller machines had prevented customers from withdrawing cash. The system failure apparently occurred nationwide, one of Japan's largest banks said ... Its internet banking service also failed to complete some transactions.

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Broadsheet issue: Court issues new freezing order on Pakistan assets in UK

The News International 28 Feb 2021

The UBL now has to once again carry out a search to identify all accounts held with it by the judgment debtor directly or indirectly and provide latest information on the health of these accounts, failing which the bank will be sanctioned and may lose licence.

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Goldman's consumer banking head Omer Ismail joins Walmart's fintech venture- Bloomberg News

Canada Dot Com 28 Feb 2021

Earlier this month Reuters reported that Goldman appointed former PayPal executive Swati Bhatia and insider David Stark to leadership roles in its consumer banking unit.

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DHFL’s Rs 7,500 crore funds stuck in 8 big Mum realty projects

The Times of India 28 Feb 2021

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Weekly Commentary – EUR, USD and GBP

FX Empire 28 Feb 2021

Elections, Covid, lockdowns, vaccines, central bank meetings, yields, month-end, Fed, Powell and the Mars rover landing failed to move market prices ... to NFP and central bank meetings and to a price that fails to respond to their sounding of the bells in the market square.

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Sa'ar: Palestinian must be stopped from seizing control of Area C

The Jerusalem Post 28 Feb 2021

Prime Minister Benjamin Netanyahu has abandoned the open areas in Area C of the West Bank to the Palestinians, New Hope party head Gideon Sa'ar said as he visited the Gush Etzion area on Sunday ... He also took Netanyahu to task for failing to authorize illegal West Bank outposts.

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Goldman's consumer banking head Ismail joins Walmart fintech venture- Bloomberg News

Canada Dot Com 28 Feb 2021

We apologize, but this video has failed to load ... Goldman's consumer banking head Ismail joins Walmart fintech venture- Bloomberg News Back to video.

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LEGAL CORNER: Experience and training make the difference in estate planning

The Huntsville Item 28 Feb 2021

If the first named Executor fails or ceases to serve as Executor, the next named Executor may be appointed to serve. If all the designated Co-Executors fail or cease to serve, I recommend the Will provide that the probate judge shall appoint a bank with a trust department to serve as Executor.

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Fresh blow for Crown as it admits to underpaying hundreds of staff millions of dollars ...

The Daily Mail 28 Feb 2021

The announcement of the royal commission follows the release of the Bergin report in NSW earlier this month, which found Crown facilitated money laundering through subsidiaries' bank accounts and failed to act when it was drawn to their attention.