Banks general

05 Apr 2024

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its meeting on Friday (5 April 2024) decided to keep the policy repo rate under the liquidity adjustment facility (LAF)

27 Mar 2024

Global bank networking system SWIFT will be building a new platform for digital currencies issued by central banks, over the next two years.

14 Mar 2024

The National Company Law Appellate Tribunal (NCLAT) has upheld the debt resolution plan for bankrupt Jet Airways submitted by the Jalan-Kalrock Consortium (JKC)

09 Mar 2024

Employee unions of public sector banks and the Indian Banks' Association, the joint forum of stat-run banks, have reached an agreement under which employees will get a 17 per cent

18 Jan 2024

Private sector lender Federal Bank has reported a 25 per cent year-on-year increase in its fiscal third quarter (October-December 2023-24) at Rs1,007 crore, against Rs803.6 crore

15 Jan 2024

US banking and financial services giant Citigroup is planning to lay off 20,000 of its workforce - roughly 8 per cent of its 239,000 global headcount by 2026, as part of a mega restructuring.

18 Dec 2023

In a surprising turn of events, central banks across the Asia-Pacific region, from India to Australia, are poised to initiate interest rate cuts earlier than initially projected, influenced by the Federal Reserve’s hastened easing cycle, as suggested by Goldman Sachs Group Inc.

12 Dec 2023

JPMorgan Chase, the world’s third-largest global custodian, is set to outsource the operations of its local custody business in Hong Kong and Taiwan.

08 Dec 2023

In its bi-annual policy announcement, the Reserve Bank of India’s Monetary Policy Committee (RBI MPC) opted to keep the repo rate unchanged at 6.5%, marking the fifth consecutive decision to maintain the status quo.

07 Dec 2023

Mark Mason, Chief Financial Officer of Citigroup, disclosed that the bank’s extensive restructuring is expected to incur charges of approximately $1 billion for restructuring and severance.

29 Nov 2023

Apple has decided to terminate its credit card partnership with banking giant Goldman Sachs. Apple had sent a proposal to the Wall Street Bank to end the contract in the next 12 to 15 months.

24 Nov 2023

Barclays, one of the leading British banks, is reportedly exploring strategies to save as much as £1 billion, with the possibility of cutting up to 2,000 jobs, particularly in the bank's back-office operations.

23 Nov 2023

Reserve Bank of India (RBI) Governor Shaktikanta Das said that the recent instruction to increase risk weights for unsecured consumer loans by banks and non-banking financial companies (NBFC) is a cautious measure taken to ensure sustainable lending.

16 Nov 2023

Reserve Bank of India (RBI) has raised the risk weights in respect of consumer credit exposure of commercial banks, including personal loans,  by 25 percentage points to 125 per cent

13 Nov 2023

The Greek government on Tuesday announced the sale of a 20 per cent stake in National Bank of Greece (NBG).

10 Nov 2023

In a major cybersecurity incident, the U.S. arm of the Industrial and Commercial Bank of China (ICBC) fell victim to a ransomware attack, disrupting trade in the U.S. Treasury on Thursday, 9 November 2023.

07 Nov 2023

Citigroup's top management, working under CEO Jane Fraser's reorganization initiative, has reportedly contemplated job cuts of at least 10% in key business segments.

03 Nov 2023

In a recent development, Goldman Sachs, the renowned Wall Street firm, announced its plan to promote 608 executives to the position of managing director in 2023.

24 Jul 2023

The Reserve Bank of India (RBI) admitted that, during financial year 2022-23 the country’s banks wrote off bad loans amounting to Rs 2.09 lakh crore. This revelation followed a recent Right to Information (RTI) inquiry filed by The Indian Express.

03 Jul 2023

HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp

01 Jul 2023

The merger, to be effective from 1 July, will create the world’s fifth largest bank with a market valuation of $175 billion, which will be 100 per cent owned by public shareholders

06 May 2023

JPMorgan Chase has offered to protect all $92 billion of deposits - insured and uninsured - bringing its financial strength, capabilities and capital to the US banking system and First Republic

21 Mar 2023

Swiss regulator FINMA that offered guarantees to the acquisition said on Sunday that Credit Suisse will write off its $17 billion additional tier-one bonds as part of the deal

13 Mar 2023

11 Mar 2023

The run on the bank followed a letter sent by Silicon Valley Bank chief executive officer Greg Becker to shareholders stating that the bank had suffered a $1.8 billion loss on the sale of US treasuries and mortgage-backed securities and also outlined a plan to raise $2.25 billion to shore up capital