US regulators close 3 banks, total now 72

Bank regulators closed three banks on Friday, bringing the number of failures so far this year to 72 as the weakened economy takes its toll on the financial services sector.

Citigroup plans to sell 20 businesses: Report

Troubled financial
services entity Citigroup plans to sell about 20 businesses
mainly in the consumer finance segment, says a media report.

Two-day nationwide bank strike on Aug 6

Banking services are likely to be affected as employees of public sector banks across the country will go on a two-day nationwide strike from August 6 to press for wage hikes and other issues.

India to clock near 7% growth this fiscal: Deutsche Bank

The Indian economy is likely to
grow close to 7 per cent in the current fiscal if the rains
are normal, Deutsche Bank today said.

India reaping benefits of bank nationalisation: Mukherjee

Noting that India is reaping
the fruits of nationalisation of banks, Union Finance minister
Pranab Mukherjee on Sunday said country`s nationalised banks are
staying healthy even during slowdown in global economy.