biggest banks

Fitch downgrades 18 Spanish banks


June 12th, 2012 - 11:24 pm ICT by IANS
New York, June 12 (IANS) Ratings agency Fitch cut another 18 Spanish banks' long-term credit ratings Tuesday.The cut comes just one day after Fitch downgraded the country's two biggest banks, ... Read more...

Posted in Business |

Fitch downgrades Spain’s two major banks


June 12th, 2012 - 1:44 pm ICT by IANS
New York, June 12 (IANS) The rating agency Fitch downgraded Spain's two biggest banks by two notches despite the bailout effort made by the European Union (EU).Fitch Monday downgraded the ... Read more...

Posted in Business |

Swiss bank UBS to cut 3,500 jobs


August 24th, 2011 - 6:21 pm ICT by IANS
London, Aug 24 (IANS) Swiss banking giant UBS, which employs 6,000 staff in Britain and 65,000 across the world, will chop 3,500 jobs, a media report said.The job cuts were ... Read more...

Posted in World |

China fights inflation with bank reserves hike


April 18th, 2011 - 2:34 pm ICT by ANI
Beijing, Apr 18 (ANI): China's Central Bank has raised the amount of money that banks must hold in reserve by 50 basis points, to mop up excessive liquidity and control inflation in ... Read more...

Posted in World |

Banks want chip-and-PIN flaw exposure hushed up


December 29th, 2010 - 1:36 pm ICT by IANS
London, Dec 29 (IANS) Banks were accused of a cover-up after they tried to silence a Cambridge University scientist who exposed a fatal flaw in chip and PIN card security.The UK Cards ... Read more...

Posted in Sci-Tech |

Julian Assange turns on enemies, allies to defend self


December 21st, 2010 - 3:07 pm ICT by ANI
Melbourne, Dec 21 (ANI): WikiLeaks founder Julian Assange has lashed out at his enemies and his allies in a bid to defend his public and private conduct.According to an interview with ... Read more...

Posted in Health Science |

Raise In Wall Street Bonuses A Good Sign


February 24th, 2010 - 8:57 pm ICT by GD
By Madhuri DeyNew York, Feb 24, (THAINDIAN NEWS) Wall Street bonuses have experienced a marked rise, a significant change from the condition that they had suffered only a few months back. This ... Read more...

Posted in Business |

Obama proposes Wall Street tax to recover bail-out funds


January 14th, 2010 - 11:40 pm ICT by IANS
Washington, Jan 14 (DPA) US President Barack Obama Thursday proposed a tax on Wall Street's biggest banks to recover more than 100 billion dollars in bail-out funds handed out at the ... Read more...

Posted in Business |

Pandit’s Citi to return $20 billion in bailout money


December 14th, 2009 - 8:34 pm ICT by IANS
By Arun Kumar Washington, Dec 14 (IANS) Ahead of a meeting with President Barack Obama, Citigroup's Indian American CEO Vikram Pandit Monday announced that the banking giant has struck a deal with ... Read more...

Posted in Business |

Animal House Analogy Drawn By Gartman


December 12th, 2009 - 7:28 pm ICT by GD
By Ranjan Bhaduri Dec.12, (THAINDIAN NEWS) Analyst Dennis Gartman referred to the cult movie Animal House when talking about American Banking System in the latest edition of The Gartman Letter. His comparison of ... Read more...

Posted in Entertainment |

Indra Nooyi heads list of top 50 women in world business


September 28th, 2009 - 6:06 pm ICT by IANS
London, Sep 28 (IANS) PepsiCo Chairman and Chief Executive Indra Nooyi of India has topped the inaugural Financial Times (FT) list of top 50 women in world business. Nooyi, 53, is among four ... Read more...

Posted in Business |

Cyber terrorists target South Korea again


July 10th, 2009 - 1:22 am ICT by John Le Fevre
South Korean websites are again under attack from cyber terrorists, with one of the country’s biggest banks, a leading national newspaper and South Korea’s National Intelligence Service, all being targeted.The attacks are ... Read more...

Posted in Sci-Tech |

US stocks fall for third day


June 18th, 2009 - 5:40 am ICT by IANS
New York, June 18 (DPA) Most US stocks dropped for a third straight day Wednesday, led by banks, after President Barack Obama unveiled regulatory reforms, but technology stocks served as a ... Read more...

Posted in Business |

US Govt. to increase stake in Citi


February 27th, 2009 - 5:18 pm ICT by ANI
Washington, Feb. 27 (ANI): The US Government has reached an agreement with beleaguered Citigroup Inc., under which the government is likely to substantially increase its stake in the bank and demand ... Read more...

Posted in World |

US may buy shares with voting rights to help “stressed” banks


February 24th, 2009 - 10:50 am ICT by IANS
Washington, Feb 24 (IANS) The US government has warned America's biggest banks that it could become their biggest shareholder with voting rights if regulators decide they are not strong enough to weather ... Read more...

Posted in Uncategorized |

Miandad facing stiff opposition from regional associations


January 2nd, 2009 - 2:08 pm ICT by IANS
Karachi, Jan 2 (IANS) Just weeks after taking over as Pakistan Cricket Board's (PCB) director general, Javed Miandad is facing stiff opposition from the country's regional associations because of the former captain's ... Read more...

Posted in World |

France to inject $14 bn into six major banks


October 21st, 2008 - 1:13 pm ICT by IANS
Paris, Oct 21 (DPA) France will inject 10.5 billion euros ($14 billion) into the country's six biggest banks in an effort to provide capital for business and consumer lending, Finance Minister Christine ... Read more...

Posted in Uncategorized |

British bailout: banks asked to freeze executive bonuses (Third Lead)


October 13th, 2008 - 11:53 pm ICT by IANS
London, Oct 13 (IANS) The British government Monday poured a massive 37 billion pounds ($65 billion) into three of the country’s biggest banks and wrested guarantees of a freeze on executive bonuses.In ... Read more...

Posted in World |

Markets reel as Lehman collapse sends Russian markets crashing (Roundup)


September 17th, 2008 - 8:48 pm ICT by IANS
Mumbai, Sep 17 (IANS) Indian equities markets continued to reel Wednesday from the effects of the US financial tsunami as the Lehman Bros. collapse led to the biggest crisis in the Russian ... Read more...

Posted in Business |

US working hard to check Wall St impact on economy: Bush


September 16th, 2008 - 1:20 am ICT by IANS
Washington, Sep 15 (IANS) As the US financial system reeled with the turmoil on the Wall Street, President George W. Bush assured that his administration was working to reduce disruptions and minimise ... Read more...

Posted in World |

US financial crisis sends shock waves across the world (Fourth lead)


September 15th, 2008 - 10:45 pm ICT by IANS
Washington, Sep 15 (IANS) The American financial system was in turmoil Monday sending shock waves across the world as two of the world's biggest banks tumbled with one filing for bankruptcy protection ... Read more...

Posted in Business |

Citi may sell HDFC stake as part of cost cuts


July 7th, 2008 - 12:52 pm ICT by IANS
London, July 7 (IANS) Vikram Pandit, the Indian-born CEO of Citi Bank, has wielded the broom to clean up his banks' losses and the pruning may affect its forays into the Indian ... Read more...

Posted in World |

Subscribe