british banks

Bank of England urges banks to raise capital


March 24th, 2012 - 2:11 pm ICT by IANS
London, March 24 (IANS) British banks need to raise more capital as they are not reserving enough funds to withstand potential financial trouble, the Financial Policy Committee (FPC) under Bank ... Read more...

Posted in Business |

S&P; slashes top US banks’ credit ratings


November 30th, 2011 - 1:33 pm ICT by IANS
New York, Nov 30 (IANS) Standard & Poors Ratings Services said Tuesday it has slashed top US banks' ratings as part of a process of "applying its new ratings criteria ... Read more...

Posted in Business |

12 British banks downgraded by Moody’s


October 7th, 2011 - 5:21 pm ICT by IANS
London, Oct 7 (IANS) The rating service Moody's Friday downgraded its credit ratings of 12 British banks, including state-owned Royal Bank of Scotland and Lloyds TSB."Moody's Investors Service has today ... Read more...

Posted in Business |

Open for business, Britain seeks new partnership with India


July 28th, 2010 - 7:10 pm ICT by IANS
Mumbai, July 28 (IANS) Britain Wednesday declared it is "open for business" with India and announced that Exim Bank will be granted a licence to operate in the country and the ... Read more...

Posted in Business |

‘Red spy’ Anna Chapman ran money smuggling ring?


July 18th, 2010 - 2:07 pm ICT by ANI
London, July 18 (ANI): 'Russian spy' Anna Chapman faces claims of involvement in a money-smuggling operation when she was living in the UK.Anna, 28, is believed to have been behind black-market deals ... Read more...

Posted in World |

New bonus rules for British banks, more in store


July 8th, 2010 - 3:56 pm ICT by IANS
By Venkata Vemuri London, July 8 (IANS) It is payback time for British banks whose heavy risk-taking caused the country's worst financial downturn two years ago. New rules, led by cash caps on ... Read more...

Posted in World |

India’s budget: NRIs wake up and smell the coffee (Comment)


February 28th, 2010 - 2:41 pm ICT by IANS
By Kul Bhushan India's budget yet again demonstrates to NRIs that investing in their homeland is probably the best option right now. The West is still struggling to climb out of one of ... Read more...

Posted in Business |

Tata Motors ‘to reject’ Jaguar Land Rover deal


May 7th, 2009 - 2:30 pm ICT by ANI
Tata Motors, the parent company of Jaguar Land Rover, has said that it will reject a British Government loan guarantee needed to save the troubled British carmaker.A Sky News report said that ... Read more...

Posted in Business |

Iranian trade team to visit Britain despite restrictions


January 26th, 2009 - 8:19 am ICT by IANS
London, Jan 26, (IANS) An Iranian trade delegation will visit here next month to boost economic cooperation with their counterparts in Britain, IRNA reported.Martin Johnston, director general of the London-based British-Iranian Chamber ... Read more...

Posted in Uncategorized |

Britain is in recession, Brown denies IMF bailout claim


January 23rd, 2009 - 6:53 pm ICT by IANS
London, Jan 23 (IANS) After months of speculation, Britain was officially declared to be in state of recession Friday, but Prime Minister Gordon Brown dismissed opposition claims that his government may need ... Read more...

Posted in Business |

Two British banks merge in wake of credit crunch


January 21st, 2009 - 8:24 pm ICT by IANS
London, Jan 21 (DPA) Two of Britain's biggest customer-owned banks are to merge to create a new business in a streamlining effort resulting from the credit crunch, it was announced Wednesday.Co-operative Financial ... Read more...

Posted in Uncategorized |

Britain to build safety net for ailing banks


January 18th, 2009 - 8:51 pm ICT by IANS
London, Jan 18 (Xinhua) The British government is to build a 200 billion-pound ($290 billion) "safety net" for ailing banks in the country.Whitehall officials confirmed Saturday night that a plan to underwrite ... Read more...

Posted in World |

British government unveils new economic aid package


January 15th, 2009 - 2:24 am ICT by IANS
London, Jan 15 (DPA) The British government announced a new aid package Wednesday to unlock the credit squeeze by offering loan guarantees to small and medium-sized businesses.The measures, worth 20 billion pounds ... Read more...

Posted in Business |

Brown hails end of ‘free market dogma’ ahead of G20 meeting (Lead)


January 1st, 2009 - 9:28 pm ICT by IANS
London, Jan 1 (IANS) British Prime Minister Gordon Brown Thursday hailed with apparent relief the end of “free market dogma,” saying he would now work to build a “progressive era” around the ... Read more...

Posted in World |

Six bureaucrats quit tough British minister Shriti Vadera


November 4th, 2008 - 5:46 pm ICT by IANS
London, Nov 4 (IANS) The British government has blocked an opposition query about an Indian origin minister who is a close confidante of Prime Minister Gordon Brown, amid reports that her tough ... Read more...

Posted in Uncategorized |

Financial crunch hurting British NRIs (Diaspora Watch)


October 30th, 2008 - 11:52 am ICT by IANS
The global financial crisis in Britain is hurting most NRIs but helping the super rich. The rise in inflation following the oil price rise of the last few months has increased grocery ... Read more...

Posted in Sports |

Asian businesses face tough times in credit-hit UK


October 19th, 2008 - 2:54 pm ICT by IANS
London, Oct 19 (IANS) Tina Sawhney, an Indian-born British businesswoman who owns flats she gives out to rent, has been told by her bank to repay the loan given to her by ... Read more...

Posted in Entertainment |

London’s measures are significant: Government (Second lead)


October 13th, 2008 - 3:52 pm ICT by IANS
London, Oct 13 (DPA) The British government believes that the "decisive action" taken to stabilize leading banks with 37 billion pounds ($65 billion) of new capital will help it to "get through" ... Read more...

Posted in Business |

Britain launches 500-bn pound bailout package (Lead)


October 8th, 2008 - 8:14 pm ICT by IANS
London, Oct 8 (IANS) British Prime Minister Gordon Brown Wednesday announced an unprecedented 500-billion pound bailout package as central banks around the developed world cut interest rates in a coordinated move aimed ... Read more...

Posted in World |

Brown promotes influential Indian-origin minister to key position


October 5th, 2008 - 5:28 pm ICT by IANS
London, Oct 5 (IANS) British Premier Gordon Brown Sunday promoted Shriti Vadera - an ex-banker of Indian origin said to be among his most trusted colleagues - to a powerful new ministerial ... Read more...

Posted in Uncategorized |

Britons cheated of millions in Indian credit card racket


April 2nd, 2008 - 8:59 pm ICT by admin
New Delhi, April 2 (IANS) A Britain-based NRI is on the run even as five of his accomplices have been arrested here for duping at least 21 British nationals of millions of ... Read more...

Posted in Uncategorized |

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