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US hits 3 Russian banks with sanctions over Ukraine

Last Updated: Wednesday, July 30, 2014, 02:39

The US Treasury announced punitive sanctions on three leading Russian banks including the giant VTB on Tuesday to press Moscow over its support for rebels in Ukraine.

JPMorgan paying USD 650K to settle CFTC charges

Last Updated: Wednesday, July 30, 2014, 01:17

JPMorgan Chase will pay USD 650,000 to settle charges by federal regulators that it filed inaccurate reports on the trading positions of some of its large customers.

Deutsche Bank hit by Q2 profit fall, Moody`s downgrade

Deutsche Bank hit by Q2 profit fall, Moody`s downgrade

Last Updated: Tuesday, July 29, 2014, 18:12

Deutsche Bank, Germany`s biggest lender, said Tuesday its net profit in the second quarter fell by 29 percent, due mainly to a heavier tax bill.

RBI suggests Sebi action against 'wilful' defaulters

RBI suggests Sebi action against 'wilful' defaulters

Last Updated: Tuesday, July 29, 2014, 16:40

Tightening the regulatory noose around wilful defaulters of bank loans, RBI has suggested to watchdog Sebi that such entities should be prevented from raising funds through capital markets.

Bank of Cyprus approves $1 bn private share placement

Bank of Cyprus approves $1 bn private share placement

Last Updated: Tuesday, July 29, 2014, 15:30

BoC announced late Monday the successful placement of 4.2 billion new ordinary shares at a price per share of 24 euro cents.

Not considering any proposal for merger with United Bank: IDBI Bank

Not considering any proposal for merger with United Bank: IDBI Bank

Last Updated: Tuesday, July 29, 2014, 10:50

State-owned IDBI Bank has said it is not considering any proposal to merge Kolkata-based United Bank of India with itself.

Morgan Stanley to raise junior bankers'' base salaries by 25%: Report

Last Updated: Tuesday, July 29, 2014, 06:51

Morgan Stanley is raising base salaries for junior bankers by about 25 percent in a bid to improve working conditions and retention, Bloomberg said, citing people briefed on the matter.

Hamas leader Meshaal demands end to occupation

Last Updated: Monday, July 28, 2014, 22:55

The leader of Hamas is demanding anew that Israel end its occupation of Gaza and the West Bank.

RBI switches to multiple-pricing in weekly debt sale

RBI switches to multiple-pricing in weekly debt sale

Last Updated: Monday, July 28, 2014, 22:03

The Reserve Bank of India`s (RBI) decision to sell USD 2.3 billion in government debt through the unpopular `multiple pricing` method could push yields higher when trading resumes on Wednesday after a holiday, dealers said.

United Bank raises Rs 300 cr by selling shares to LIC

United Bank raises Rs 300 cr by selling shares to LIC

Last Updated: Monday, July 28, 2014, 21:10

State-owned United Bank of India Monday said it has raised Rs 300 crore by selling shares on preferential basis to LIC.

Over Rs 3,350-cr worth NPAs with Union Bank of India

Over Rs 3,350-cr worth NPAs with Union Bank of India

Last Updated: Monday, July 28, 2014, 17:46

Union Bank of India has Non-Performing Assets (NPAs) worth about Rs 3,350 crore from 20 defaulters.

Vivek Oberoi returns to YRF after 12 years for `Bank Chor`

Vivek Oberoi returns to YRF after 12 years for `Bank Chor`

Last Updated: Monday, July 28, 2014, 17:43

Actor Vivek Oberoi will join the cast of Yash Raj Films` `Bank Chor`, marking his comeback to the banner after 12 years.