Banking Sector

Goldman agrees to pay $22M to settle weekly ‘huddles’ charges

Posted on April 13th, 2012 in Banking Sector, goldman sachs, India Shares

Investment bank Goldman Sachs has agreed to pay a hefty fine to hit a settlement with US regulators over flaws at weekly ‘huddles’.
The Securities & Exchange Commission (SEC) had accused Gol…

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NBNK interested in National Australia Bank’s British assets: report

Posted on February 13th, 2012 in Australia, Banking Sector, India Shares, NAB

NBNK, the banking group established by former Lord Mayor of London Lord Levene, is reportedly showing interest in the British assets of National Australia Bank (NAB).
On Sunday, The Mail reported that NBNK was preparing to bid for NAB’s British asse…

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Union Bank of India cuts rate by 10 basis points

Posted on December 29th, 2011 in Banking Sector, India, India Shares, RBI, Union Bank of India

While the Reserve Bank of India (RBI) is still brooding over plans to cut key rates, Union Bank of India on Thursday astonished the market by announcing a cut of 10 basis points in its lending r…

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Banks raises interest rate for NRE & NRO accounts

Posted on December 22nd, 2011 in Banking Sector, India Shares, yes bank

YES BANK has hiked its interest rates for non resident savings accounts (NRE and NRO) to 6 per cent and 7 per cent for balance of up to Rs. 1 lakh and over Rs. 1 lakh respectively.
Announcement…

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