Archive for the 'Banking' Category

South Indian Bank Q2 net up 45%

The bank’s total income during the quarter rose 27.26% to Rs 440 crore

Morgan and MUFG renegotiating pact

Japan’s Mitsubishi UFJ Financial Group , which watched Morgan Stanley’s share price plunge last week, is amending its billion deal.

Lehman’s Fuld: Where was our US bailout?

Richard Fuld, the disgraced head of Lehman Brothers, said he would wonder why the US government did not rescue the 158-year-old Wall Street firm.

Citi, Wells Fargo to halt litigation

Wells Fargo & Co and Citigroup Inc agreed on Monday to a 44-hour truce in their fight over regional bank Wachovia Corp.

Rupee near 48/$, 10-yr yield at 8.11%

The rupee fell to as low as 48.17 during the session, its lowest since December 16, 2002

Tax rule change may spur bank deals

A recent change in US tax rules that determine how a buyer treats a target bank’s losses on loans and bad debts could spur more deals.

Reserve Bank cuts CRR by 50bps

Move, to be effective October 11, will release Rs 20,000 crore; measure taken to ease liquidity pressure on the system

Tax rule change may spur bank deals

A recent change in US tax rules that determine how a buyer treats a target bank’s losses on loans and bad debts could spur more deals.

PSU banks in good health: RBI

V Leeladhar, Deputy Governor, Reserve Bank of India, said PSU banks have satisfactory risk management systems in place

Reserve Bank cuts CRR by 50bps

Move, to be effective October 11, will release Rs 20,000 crore; measure taken to ease liquidity pressure on the system

PSU banks in good health: RBI

V Leeladhar, Deputy Governor, Reserve Bank of India, said PSU banks have satisfactory risk management systems in place

Nomura to buy Lehman’s India back-office

The deal will add about 3,000 employees to Nomura’s staff, including 1,200 IT professionals

Nomura to buy Lehman’s India back-office

The deal will add about 3,000 employees to Nomura’s staff, including 1,200 IT professionals

BoA sues Lehman units over collateral

Bank of America Corp has sued three Lehman Brothers Holdings Inc units to recover nearly 0 million provided as collateral for derivative transactions.

Seeing demand to relax forex curbs: Sebi

C B Bhave: There are certain core principles that are not capable of compromise… it should not be subject to the spirit of competition