global banking

US senate probe blames HSBC for money laundering


July 17th, 2012 - 11:21 am ICT by IANS
Washington, July 17 (IANS) US Senate investigators have accused global banking giant HSBC of failing to prevent billions of dollars worth of money transfers linked to drug cartels and terrorist ... Read more...

Posted in Business |

Australia’s producer price index down


April 23rd, 2012 - 2:14 pm ICT by IANS
Sydney, April 23 (IANS) Australia's producer price index (PPI) at the final stage of production fell 0.3 percent in the March quarter, following a 0.3 percent rise in the December ... Read more...

Posted in Business |

HSBC to cut 330 jobs in Britain


December 6th, 2011 - 4:04 am ICT by IANS
London, Dec 6 (IANS) Global banking giant HSBC will cut 330 jobs in Britain due to "the very challenging economic environment".The job cuts will mainly come from the commercial banking ... Read more...

Posted in Business |

India’s domestic banking sector to be world’s third largest by 2050


June 6th, 2011 - 7:38 pm ICT by IANS
Mumbai, June 6 (IANS) The Indian domestic banking industry will become the third largest in the world by 2050 after China and the US, according to a survey released by ... Read more...

Posted in Business |

Volvo ropes in Srei BNP Paribas to offer finance


May 11th, 2011 - 8:48 pm ICT by IANS
Bangalore, May 11 (IANS) Transport and infrastructure solutions major Volvo group Wednesday announced a strategic alliance with leading construction equipment finance firm Srei BNP Paribas to offer a range of ... Read more...

Posted in Business |

Charles Li: China’s New CEO Of ANZ


January 21st, 2011 - 8:41 pm ICT by GD
By Meena Kar Jan 21, (THAINDIAN NEWS) Australia & New Zealand Banking Group has decided to incorporate Charles Li, as its new CEO in China. The company said that through this move, it ... Read more...

Posted in Business |

Mukherjee asks banks to get ready for global competition


September 7th, 2010 - 6:46 pm ICT by IANS
New Delhi, Sep 7 (IANS) Indian banks need to gear themselves up for global competition as changing economic scenario might prompt the government to further open up the sector to foreign ... Read more...

Posted in Business |

HSBC awarded top banking brand title for third time


February 2nd, 2010 - 1:13 pm ICT by ANI
London, Feb. 2 (ANI): For the third time in a row, HSBC has been awarded the title of most valuable banking brand in the world.The Banker magazine and Brand Finance award the ... Read more...

Posted in World |

JPMorgan Chase Registers $3.3 Billion Profit


January 18th, 2010 - 9:27 pm ICT by GD
By Gina Gomez New York, Jan 18, (THAINDIAN NEWS) It seems that global banking conglomerate JPMorgan Chase has finally recovered from the financial crisis that plagued the banking major last year. The financial ... Read more...

Posted in Business |

India demands greater voice in IMF for emerging economies


April 25th, 2009 - 11:53 pm ICT by IANS
By Arun Kumar Washington, April 25 (IANS) As the world grapples with the deepest recession since World War II, India has sought greater voice and representation for emerging and developing economies in a ... Read more...

Posted in Business |

Obama, Brown seek concerted G20 action to fight economic crisis


March 4th, 2009 - 11:32 am ICT by IANS
Washington, March 4 (IANS) President Barack Obama and British Prime Minister Gordon Brown have called for coordinated action by 20 major developed and emerging economies to fight the worldwide economic crisis. "One of ... Read more...

Posted in Uncategorized |

Russia’’s richest man scraps deal to buy worlds most expensive mansion


February 19th, 2009 - 5:45 pm ICT by ANI
London, Feb 19 (ANI): Hit by recession, Russia''s richest man Mikhail Prokhorov no longer wants to buy the world''s most expensive mansion on the French Riviera. Prokhorovhas, 43, has cancelled his 500 ... Read more...

Posted in World |

Browns bounce back in polls halted following controversial pre-Budget Report


December 20th, 2008 - 7:00 pm ICT by ANI
London, Dec 20 (ANI): In the wake of the British Governments controversial pre-Budget Report, Prime Minister Gordon Browns revival in the polls has been halted, according to an opinion poll.The Conservatives ... Read more...

Posted in World |

Royal Bank of Scotland to axe 3,000 jobs: report


November 14th, 2008 - 8:15 pm ICT by IANS
London, Nov 14 (IANS) The Royal Bank of Scotland (RBS) is to shed some 3,000 jobs worldwide despite being in line for a 20 billion pound taxpayer bailout, the British media reported ... Read more...

Posted in Business |

Climate change leads to $300 bn business


October 20th, 2008 - 11:44 am ICT by IANS
New Delhi, Oct 20 (IANS) With the problems of climate change gaining urgency, tackling it has become a bigger business than software and biotechnology combined, a research report says.Global annual revenues ... Read more...

Posted in Sports |

Confidence is greatest casualty of market crisis


October 15th, 2008 - 10:12 am ICT by IANS
Moscow, Oct 15 (RIA Novosti) In its desperate attempt to rescue Russia's crisis-ridden financial market, the government adopted a massive rescue package Oct 7, but the measure has done little ... Read more...

Posted in World |

Hugh Hefner stripping back Playboy bunnies following credit crunch


September 25th, 2008 - 2:44 pm ICT by ANI
London, Sept 25 (ANI): Playboy mogul Hugh Hefner is reportedly sacking some of his bunnies because of the credit crunch.According to reports, the tycoons multi-million dollar company has been hit by ... Read more...

Posted in National |

McCain embraces regulation after years of opposition


September 17th, 2008 - 6:14 pm ICT by ANI
Washington, Sept.17 (ANI): Senator John McCain is scrambling to recast himself as a champion of regulation to end "reckless conduct, corruption and unbridled greed" on Wall Street."The Government has a clear ... Read more...

Posted in National |

Citi launches ‘global banking’ for globetrotters


June 17th, 2008 - 8:28 am ICT by IANS
Mumbai, June 16 (IANS) Global financial services Citibank Monday announced the launch of Citigold Global Banking that will focus specifically on providing retail banking and wealth management in the Asia-Pacific region. Citigold ... Read more...

Posted in Business |

Leicester-Mumbai video conference to promote business link


June 17th, 2008 - 7:28 am ICT by IANS
London, June 16 (IANS) In an attempt to facilitate investment from India to Britain's Midlands region, a video conference will be held June 20 between business heads in Mumbai and investment facilitators ... Read more...

Posted in World |

Citibank launches Citigold Global Banking


June 16th, 2008 - 11:48 pm ICT by ANI
New Delhi , June 16 (ANI/Business Wire India ): Citibank today announced the launch of Citigold Global Banking, a premium banking and wealth management service exclusive to Citigold clients.The new ... Read more...

Posted in National |

BBVA and Finacle from Infosys sign a strategic global partnership


May 28th, 2008 - 10:39 pm ICT by admin
Madrid/Bangalore/London, May 28 (ANI/Business Wire India): Francisco Gonzalez, BBVA Chairman and CEO, and Nandan Nilekani, Infosys Technologies Co-Chairman, emphasize the importance of this agreement for the development of the transformation and ... Read more...

Posted in National |

Murthy inducted into HSBC board with emerging market focus


March 3rd, 2008 - 9:54 pm ICT by admin
By Dipankar De Sarkar London, March 3 (IANS) Global banking major HSBC Holdings Monday inducted Infosys founder N.R. Narayana Murthy as a non-executive director and strengthened its executive board after incurring a record ... Read more...

Posted in World |

‘Gulf will help mitigate global economic turmoil’


February 24th, 2008 - 7:58 pm ICT by admin
By Aroonim Bhuyan Dubai, Feb 24 (IANS) The current economic boom in the Gulf will help mitigate the turmoil in the world economy, according to leaders of global banking and financial industry. "At ... Read more...

Posted in World |

i-flex Solutions bags order from Volkswagen Bank


February 21st, 2008 - 8:51 pm ICT by admin
Mumbai, Feb 21 (IANS) iflex Solution Ltd, a leading provider of technology solutions to the global banking and financial services industry, Wednesday announced it will provide banking software solutions to Europe's Volkswagen ... Read more...

Posted in Business |

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