Articles for Banks Money

Public prosecutor stops criminal probe into bank executives
3 weeks, 6 days ago

Public prosecutor stops criminal probe into bank executives

Dutch News  

The public prosecution department has halted its investigation into a number of senior ING and ABN Amro staff in connection with their failure to prevent large scale money laundering at the banks several years ago. The probe started following a court case brought by activist Pieter Lakeman, who accused the bank’s senior staff, including ING chief executive Ralph Hamers of …

Ing Senior Staff
Bangladesh banks robbed of $21 bn by a few families; years to revival: Bangladesh Bank Governor Ahsan H. Mansur
4 weeks, 2 days ago

Bangladesh banks robbed of $21 bn by a few families; years to revival: Bangladesh Bank Governor Ahsan H. Mansur

India Today  

In early August, when eminent economist Ahsan H. Mansur took charge as the governor of Bangladesh Bank, the country’s central bank, the entire banking system was thought to be tottering. Within one and a half months, we will receive money from the World Bank and the Asian Development Bank, and after that the reserves will be able to add $1.2 …

Banking Money World Bank Currency Billion Cent Rate
Tractor scammers are fleecing farmers out of tens of thousands of dollars — and there's nothing the banks can do about it
2 months ago

Tractor scammers are fleecing farmers out of tens of thousands of dollars — and there's nothing the banks can do about it

ABC  

David was so excited about the tractor he'd just purchased online, he'd already thought up a name for it: Big Red. How the scam unfolded David had been googling tractors when he came across Epic Farming, a company claiming to sell used tractors "with up to a 50 per cent discount" acquired through bank repossessions and insolvencies. "You transfer the …

Money Bank Scam Epic Farming Scammers Website
Long lines form and frustration grows as Cuba runs short of cash
8 months, 2 weeks ago

Long lines form and frustration grows as Cuba runs short of cash

Associated Press  

HAVANA — Alejandro Fonseca stood in line for several hours outside a bank in Havana hoping to withdraw Cuban pesos from an ATM, but when it was almost his turn, the cash ran out. Omar Everleny Pérez, a Cuban economist and university professor, says the main culprits are the government’s growing fiscal deficit, the nonexistence of banknotes with a denomination …

Cuba Banks Form Cash Cuban Havana Pérez
UPI now, pay later: 2 banks have rolled out this facility
1 year, 3 months ago

UPI now, pay later: 2 banks have rolled out this facility

Live Mint  

Soon after the Reserve Bank of India expanded the scope of Unified Payments Interface by enabling transfer from credit lines, a few banks have rolled out this facility for ardent UPI users. HDFC Bank offers PayLater facility wherein a new account gets created when you activate PayLater on your UPI app. ICICI Bank also offers PayLater to offer instant digital …

Credit Bank Banks Icici Bank Account Hdfc Later
Millennial Money: How to pick a socially responsible bank
1 year, 7 months ago

Millennial Money: How to pick a socially responsible bank

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. For an eco-conscious bank or credit union, that might …

Banking Credit Money Bank Union Your Money Nerdwallet
Is my money safe? What you need to know about bank failures
1 year, 8 months ago

Is my money safe? What you need to know about bank failures

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. If you have over $250,000 …

Financial Money Bank Safe Mcbride Banks Insured
£2bn poured into NS&I as savers seek security on deposits
1 year, 9 months ago

£2bn poured into NS&I as savers seek security on deposits

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Savers have poured cash into …

Bank Treasury Banks Accounts Savings Rate
Why is Credit Suisse in trouble? The banking turmoil explained
1 year, 9 months ago

Why is Credit Suisse in trouble? The banking turmoil explained

Live Mint  

Stress in the U.S. banking system jumped across the Atlantic this week, sparking turmoil for embattled Swiss bank Credit Suisse. Within hours, Credit Suisse said it would tap a more than $50 billion lifeline from the Swiss National Bank. It was likely intended as a show of force to investors who shorted Credit Suisse’s stock or sold credit-default swaps insuring …

Banking Money Investors Billion Banks European Switzerland
How Bitcoin and other magic internet money loans endanger your financial health
1 year, 9 months ago

How Bitcoin and other magic internet money loans endanger your financial health

Salon  

The collapse of Silicon Valley Bank last week raises serious issues far more significant than the obvious ones cited by the financial press and a broad range of Washington politicians. Why do banking regulators allow our federally insured and regulated banks to make loans using magic internet money as collateral? That's a crazy policy, no different than allowing banks to …

Financial Crypto Bank Loans Bitcoin Banks Collateral
Lebanon’s pound hits a new low as banks go back on strike
1 year, 10 months ago

Lebanon’s pound hits a new low as banks go back on strike

Associated Press  

BEIRUT — Lebanon’s embattled currency hit a new low Tuesday, trading at an unprecedented 100,000 Lebanese pounds to the dollar on the black market as the crisis-hit country’s banks went back on strike. Last month, Lebanese commercial banks went on an open-ended strike and angry protesters took to the streets, smashing windows and setting tires on fire outside two of …

Lebanon Rate Banks Lebanese Pound
President Joe Biden says U.S. banking system ‘safe’, but urges new regulations
1 year, 10 months ago

President Joe Biden says U.S. banking system ‘safe’, but urges new regulations

The Hindu  

President Joe Biden on March 13, 2023 reassured Americans that their banking system is secure in the wake of the collapse of SVB and said he wants tougher regulations to prevent future crises. Your deposits will be there when you need them,” Mr. Biden said in televised remarks from the White House after Silicon Valley Bank’s failure and the federal …

Bank Biden Silicon Valley Bank Svb Taxpayers Mr
US, UK try to stem fallout from Silicon Valley Bank collapse
1 year, 10 months ago

US, UK try to stem fallout from Silicon Valley Bank collapse

Al Jazeera  

US President Joe Biden says banking regulations must be bolstered amid fallout that has rocked global financial markets. The bank’s financial health had been under scrutiny following its announcement of plans to raise $1.75bn in the capital after the loss-making sale of bonds In a brief news conference on Monday, US President Joe Biden sought to dispel concerns, saying “all …

Europe Financial Access Banking Money Risk Small Businesses
Lebanese banks suspend open-ended strike at PM’s request
1 year, 10 months ago

Lebanese banks suspend open-ended strike at PM’s request

Associated Press  

BEIRUT — Lebanon’s struggling banks on Friday decided to suspend their strike, which started earlier this month, for one week, at the request of caretaker Prime Minister Najib Mikati. The strike began on Feb. 7 in protest of a recent court ruling that forced one of the country’s largest banks to pay out two of its depositors their trapped savings …

Lebanon Banks Lebanese Depositors
To buy Twitter, Musk has to keep banks, investors on board
2 years, 3 months ago

To buy Twitter, Musk has to keep banks, investors on board

The Hindu  

Earlier this week, Musk reversed course and said he'd go through with acquiring the social media company under the same terms he agreed to in April. But Twitter's attorneys said it's Musk who is holding everything up, and his effort to put the trial on hold “is an invitation to further mischief and delay." But with so much at play, …

Equity Money Tesla Musk Investors Billion Deal
Failed Griffin Coal mine owes close to $1.5 billion to creditors as WA electricity grid woes loom
2 years, 3 months ago

Failed Griffin Coal mine owes close to $1.5 billion to creditors as WA electricity grid woes loom

ABC  

A failed coal mine at the centre of a growing crisis affecting Western Australia's electricity system owes a group of Indian banks more than $1.4 billion, according to an audit of the company's finances. Key points: The liquidator's report shows debts of close to $2 billion Politicians call on the banks to come clean about the situation There are fears …

Indian Coal Company Banks Thomas Icici Bank Come
How to read the signals from our call money market
2 years, 5 months ago

How to read the signals from our call money market

Live Mint  

With the Reserve Bank of India tightening liquidity conditions to counter the rising inflationary trend in the country, inter-bank call money rates have been rising. In order to meet cash reserve ratio and statutory liquidity ratio requirements and to fulfil sudden demands for funds, banks borrow in the call money market. Prevailing liquidity conditions influence the call money rate i.e., …

Money Rate Rbi Banks Borrowing Repo Liquidity Conditions
For victims of cyber fraud, redress is an unhill task
2 years, 8 months ago

For victims of cyber fraud, redress is an unhill task

The Hindu  

Chandrasekar of West Mambalam, who lost ₹86,000 recently when a cyber fraudster withdrew money from his account, had a traumatic experience while trying to get the transaction reversed by the bank. “The loss/fraud reporting system shall ensure that immediate response is sent to customers acknowledging the complaint along with the registered complaint number,” the guidelines said. I managed to reach …

Fraud Money Bank Fir Complaint Banks Staff
Explained | What is SWIFT and why is Russia being threatened with exclusion from the service?
2 years, 10 months ago

Explained | What is SWIFT and why is Russia being threatened with exclusion from the service?

The Hindu  

The story so far: The U.S., Europe and several other western nations are moving to exclude Russia from the Society for Worldwide Interbank Financial Telecommunication, an international network for banks to facilitate smooth money transactions globally. If a country is excluded from the most participatory financial facilitating platform, its foreign funding would take a hit, making it entirely reliant on …

Europe Russia Financial Bank Swift Banks Belgium
Afghan small business owners in anxious wait over what comes next
3 years, 4 months ago

Afghan small business owners in anxious wait over what comes next

Al Jazeera  

Businesses in Kabul struggle to attract customers as thousands seek way out of the country following Taliban takeover. Noor Mohammad, the proprietor of a family-run barbershop, said since the Taliban took over on August 16, his business has faced several obstacles, as the social lives of Afghans across the capital changed overnight. “I just stand here all day, browsing Facebook …

Money Small Business Taliban His Business Afghan Offices Kabul
Bank FD Holders: Cabinet Clears Amendments To Deposit Insurance Act, Know What It Means For Investors
3 years, 5 months ago

Bank FD Holders: Cabinet Clears Amendments To Deposit Insurance Act, Know What It Means For Investors

ABP News  

New Delhi: If you are worried about your money in troubled banks, then here’s some relief! The Union Cabinet on Wednesday cleared amendments to the Deposit Insurance and Credit Guarantee Corporation Act, which will allow account holders to access up to Rs5 lakh deposits within 90 days of a bank coming under moratorium. "Deposit Insurance Credit Guarantee Corporation was created …

Finance India Insurance Bank Pmc Cabinet Banks
5 Important Things To Know Before Opening An FD Account During Covid Times
3 years, 5 months ago

5 Important Things To Know Before Opening An FD Account During Covid Times

ABP News  

Fixed Deposit: The COVID-19 pandemic has impacted the world financially. If you are planning to put your money in a Fixed Deposit in this period, here are some important things you should know. So, before making an FD, you must compare the interest rates offered by different banks. Apart from banks, the post office also gives good schemes on FD. …

Covid
Explainer: What is Repo Rate and Why Did RBI Prefer to Keep it Unchanged?
3 years, 11 months ago

Explainer: What is Repo Rate and Why Did RBI Prefer to Keep it Unchanged?

News 18  

The Reserve Bank of India kept the repo rate unchanged at 4 percent — the rate at which it lends money to commercial banks. The repo rate is the rate at which the central bank of the country will lend funds to the commercial banks. By definition, the reverse repo rate is the rate at which the central bank borrows …

Inflation Supply Money Central Rate Rbi Repo
CCPA seeks RBI intervention on banks delaying refund in case of failed transactions
4 years ago

CCPA seeks RBI intervention on banks delaying refund in case of failed transactions

The Hindu  

Amid rising consumer complaints regarding delay in reverse or refund of money deducted on account of failed or cancelled banking transactions, newly set up consumer protection regulator CCPA has flagged this issue to the RBI seeking its intervention to ensure banks reverse such money on time. Jain, the Central Consumer Protection Authority Chief Commissioner Nidhi Khare stated that 2,850 complaints …

Consumer Money Consumers Khare Ccpa Seeks Rbi